Tue, 25 Jun 2019, 1:37 PM
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Topic: Mumbai

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Mumbai: Indian banker Rana Kapoor’s family is planning to sell a stake in their six-year-old mortgage finance company, sources said, as rising wariness in the credit market erodes growth prospects of shadow finance firms.
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Malaysian and some other global airlines are re-routing flights to avoid Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman, they said on Friday, after the U.S. aviation regulator barred its carriers from the area until further notice.
Malaysiakini:
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Several global airlines, including Malaysia Airlines (MAS), are re-routing flights to avoid Iran-controlled airspace over the Strait of Hormuz and the Gulf of Oman after the United States aviation reg...
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If Facebook’s new cryptocurrency should resonate anywhere it should be India, where the social media giant has more than 300 million followers.
Malaysiakini:
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Controversial Muslim preacher Zakir Naik has reiterated that he is willing to return to India provided there is a guarantee he would not be arrested or jailed.
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LONDON, June 21 — If Facebook’s new cryptocurrency should resonate anywhere it should be India, where the social media giant has more than 300 million followers.
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PETALING JAYA: Controversial preacher Zakir Naik has said the order for him to appear before India’s special Prevention of Money Laundering Act (PMLA) court in Mumbai on July 31 was unnecessary.
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KUALA LUMPUR, June 21 — Controversial Mumbai-born Islamic preacher Dr Zakir Naik insists he will not return to his home country where he is wanted for money laundering charges unless the Indian Supr...
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SERI KEMBANGAN: Home Minister Muhyiddin Yassin has confirmed that the Cabinet discussed reintroducing the Teaching and Learning of Science and Mathematics in English (PPSMI). However, he said, no deci...
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KUALA LUMPUR, June 19 — A court in India today ordered fugitive Islamic preacher Dr Zakir Naik to be physically present in court on July 31 or risk facing an arrest warrant, a report said.
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MUMBAI (June 17): Citi downgraded the recommendation on AirAsia Group Bhd to sell from neutral.
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MUMBAI, June 17 —  Lenders to crippled Jet Airways said today they would start bankruptcy court proceedings after failing to find someone to take over the Indian carrier.
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MUMBAI: Just as India’s banks emerge from under a pile of bad loans to large energy, steel and other industrial companies, they are facing a new reckoning from the accelerating crisis in the country’s shadow banking sector.
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MUMBAI: India has imposed higher customs duties on a raft of US goods effective Sunday in response to similar measures taken by Washington, the Press Trust of India reported.
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MUMBAI: India's palm oil imports jumped 65% in May from a year earlier as oversees purchases of refined palm more than doubled due to lower import duty and a drop in prices, a leading trade body said on Friday.
Malaysiakini:
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Prime Minister Dr Mahathir Mohamad has set a dangerous precedent with his presumption that Zakir Naik would not be accorded a fair trial in India, said former MIC president Dr S Subramaniam.
Free Malaysia Today:
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Long ago, Malaysia signed an extradition treaty with India.
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Facebook is buying a stake in Indian e-commerce startup Meesho, the head of the US tech giant's Indian business said on June 13, looking to deepen its reach in one of the world's biggest Internet markets.
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PUTRAJAYA: Today the PM Tun Dr Mahathir confirmed the government has the right not to extradite Indian preacher Dr Zaik Naik even with an Interpol request.
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KUALA LUMPUR, June 13 — The government of India has made a formal request to the Malaysian government to send back its citizen and controversial Islamic preacher Dr Zakir Naik to face money launderi...
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India will continue to pursue with Malaysia its request for extradition of controversial preacher Zakir Naik, according to its External Affairs Ministry.
Free Malaysia Today:
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PETALING JAYA: The government of India will continue to pursue with Malaysia its request for extradition of Dr Zakir Naik, according to its external affairs ministry.
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HONG KONG, June 12 — Asian markets fell today after two days of healthy gains, with Hong Kong the worst performer — sinking two per cent as a huge anti-government protest paralysed key roads in th...
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MUMBAI: The auditor of Indian tycoon Anil Ambani’s shadow bank and its unit resigned citing lack of satisfactory responses to its questions, adding to concerns about the last stronghold of the wider Reliance Group.
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PETALING JAYA: Activist lawyer Siti Kasim has criticised Prime Minister Tun Dr Mahathir Mohamad's decision not to deport controversial Indian preacher Dr Zakir Naik.
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MUMBAI, June 11 — India is seeking to ban Deloitte Haskins Sells and KPMG affiliate BSR & Associates for five years, alleging lapses in their audits of a unit of Infrastructure Leasing & Financial S...
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MUMBAI: India’s statistics may have been painting a far rosier picture of economic growth than the more modest reality of the past decade.
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PETALING JAYA: Controversial speaker Zakir Naik has said he is prepared to return to India if the Indian Supreme Court could assure him in writing that he would not be arrested and jailed until he is ...
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PETALING JAYA: Perlis mufti Mohd Asri Zainul Abidin has welcomed the government’s refusal to deport Dr Zakir Naik to face money laundering charges in his home country, while accusing the preacher’...
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MELAKA: Malaysia has the right not to extradite controversial Indian preacher Dr Zakir Naik if he is not going to be accorded fair justice, says Tun Dr Mahathir Mohamad.
Malay Mail:
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KUALA LUMPUR, June 10 — DAP Legal Bureau chairman Ramkarpal Singh said that Malaysia should not jump to conclusions on whether or not fugitive televangelist Dr Zakir Naik will receive a fair trial i...
The Straits Times:
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MELAKA - Malaysia has the right not to extradite controversial Islamic preacher Zakir Naik to India, if it feels he is not going to be accorded justice, Prime Minister Mahathir Mohamad said on Monday ...
Free Malaysia Today:
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MELAKA: Prime Minister Dr Mahathir Mohamad has reiterated Malaysia’s reluctance to allow the extradition of controversial Indian preacher Zakir Naik.
Malay Mail:
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KUALA LUMPUR, June 10 — Tun Dr Mahathir Mohamad claimed today that Malaysia has the right to not extradite fugitive Indian national Dr Zakir Naik, since the latter alleges he will not be accorded ju...
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MELAKA: Malaysia has the right not to extradite controversial preacher Dr Zakir Naik if he is not going to be accorded fair justice, says Prime Minister Tun Dr Mahathir Mohamad.
Tech in Asia:
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Cityfurnish, an online rental marketplace for furniture and consumer appliances, has raised US$5 million in a Series A round from a clutch of investors that include Gmail creator Paul Buchheit and You...
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PETALING JAYA: India will request for an Interpol Red Notice against preacher Zakir Naik (pix) and his extradition from Malaysia after securing a non-bailable warrant against him from a Mumbai special...
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KUALA LUMPUR, June 10 — India’s Enforcement Directorate (ED) will seek Interpol’s cooperation to detain controversial preacher Zakir Naik with an eye on extraditing him from Malaysia to face mon...
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Controversial preacher Zakir Naik, who is now residing in Malaysia, may face possible extradition to India, Indian daily The Hindu reported.
Free Malaysia Today:
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PETALING JAYA: A court decision in India, due on June 19, is expected to set the next course of action for Indian authorities in their attempt to extradite controversial preacher Zakir Naik from Malay...
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MUMBAI (June 7): A marked slowdown in Asia’s third-largest economy pushed growth concerns to the top of the Reserve Bank of India’s agenda, suggesting more policy easing will follow its third inte...
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MUMBAI: India’s central bank cut its benchmark interest rate for a third time this year and paved the way for more policy easing to support an economy growing at the slowest pace since 2014.
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MUMBAI: India’s central bank cut its benchmark interest rate for a third straight time and paved the way for more policy easing to support an economy growing at the slowest pace since 2014.
Free Malaysia Today:
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GEORGE TOWN: From sepoys to spice kings, shipping magnates and landowners, fabulous wealth and great works of charity mark some of the tales in the family history of the Shaik dynasty of Penang which ...
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MUMBAI: Flagging Indian sales of products like toothpaste and hair oil have been a drag on the share prices of the nation’s consumer goods makers, but each dip is a buying opportunity for a fund manager who sees the slowdown in demand as temporary.
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India's top telecom lobby said on June 4 that the government's proposed base price for the auction of spectrum for next-generation 5G networks is too high, as India outlined plans to launch the sale process later this year.
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An Indian startup's legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country.
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NEW DELHI, June 2 — Prime Minister Narendra Modi's new government suffered a double economic blow of slowing growth and rising unemployment as it took office Friday.
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MUMBAI: Indian Prime Minister Narendra Modi’s biggest economic challenge as he starts his second term will be how to boost flagging growth to hold onto the crown of the world’s fastest-expanding major nation.
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NEW DELHI: Malaysia is a well-known honeymoon destination for Indian couples, tour operators said.
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MUMBAI, May 26 — With Hindu nationalist Prime Minister Narendra Modi and his Bharatiya Janata Party securing a landslide win in the Indian elections, AFP looks at the key economic challenges facing ...
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Instagram on May 23 said it was not the source of private contact information for millions of influential users of the service recently found in an unguarded online database.
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MUMBAI (May 23): India’s debt-ridden Anil Ambani group will exit the asset management business by selling shares in its joint venture to Japanese partner Nippon Life Insurance Co, which will take a ...
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NEW DELHI: Crude palm oil (CPO) prices dropped for a second day as the market was pressured by lower soybean oil prices as well as the European Union’s publication of limits on the use of the tropical oil in biofuels that will start next month.
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KUALA LUMPUR (May 23): According to the Deutsche Bank’s 8th annual survey of global prices and living standards, Kuala Lumpur ranked No 49 to rent a mid-range 2-bedroom apartment at US$448 a month.
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KUALA LUMPUR (May 22): According to the Deutsche Bank’s 8th annual survey of global prices and living standards, Kuala Lumpur ranked No 49 to rent a mid-range 2-bedroom apartment at US$448 month.
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MUMBAI: India is set to grow soybeans on more land in the 2019 crop year as higher prices for the oilseed push some farmers to switch from cultivating competing commodities such as cotton and pulses, an industry official and dealers told Reuters.
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A leak of a marketing data base of Instagram Influencers may have exposed the private information of nearly 50 million Instagram users.
Tech in Asia:
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Ingka Investments, the investment arm of European holding company Ingka Group, has made a strategic investment in home interior and renovation platform Livspace.
Malay Mail:
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MUMBAI, May 20 — Indian carmaker Tata Motors today reported a 47 per cent fall in quarterly profits after being hit by new struggles to sell its luxury Jaguar Land Rover cars in China and other key ...
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HONG KONG, May 20 — Most Asian markets rose today after Donald Trump showed signs of conciliation in his trade wars but investors remain on edge over the China-US standoff with some concerns that ta...
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MUMBAI, May 20 — Indian stocks and the rupee soared today as exit polls predicted a second term for business-friendly Hindu nationalist Prime Minister Narendra Modi, traders said.
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PENJERLA/NEW DELHI: It was supposed to be Johnson & Johnson's biggest manufacturing plant in India. It was to eventually employ at least 1,500 people and help bring development to a rural area near Hyderabad in southern India.
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NEW DELHI, May 19 — It was supposed to be Johnson & Johnson’s biggest manufacturing plant in India.
The Star:
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WhatsApp clones and software tools that cost as little as US$14 are helping Indian digital marketers and political activists bypass anti-spam restrictions set up by the world's most popular messaging app, Reuters has found.
The Star:
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Samsung Electronics has sold 5 million units of its Galaxy A series smartphones, generating sales of over US$1bil since it began selling the devices in March, a senior company executive said on May 14.
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MUMBAI: Inflation in India is rebounding and on course to accelerate after the world’s biggest election concludes this month. Yet that’s unlikely to distract monetary policymakers from their focus on supporting economic growth.
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AFTER a decade working as a trader and a broker in India, Nithin Kamath was burned out and frustrated with a securities industry that seemed stuck in the past.
Malay Mail:
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KUALA LUMPUR, May 10 — Fugitive televangelist Dr Zakir Naik has conceded that he is willing to face justice back in India, but only if he is not arrested there until he is tried in court and convict...
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PETALING JAYA (May 10): Kuala Lumpur continues to be the fourth least expensive city in Asia to build in, according to the “International Construction Costs 2019” report published by Arcadis, the ...
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PETALING JAYA (May 10): Kuala Lumpur continues to be the fourth least expensive city in Asia to build in, according to the “International Construction Costs 2019” report published by Arcadis, the ...
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MUMBAI, May 10 — India’s biggest lender today said it has received two unsolicited bids for Jet Airways, raising hopes for the revival of the debt-laden carrier which was forced to ground its enti...
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HONG KONG, May 10 — Shanghai led gains across most Asian and European markets today at the end of a torrid week for equities, with investors keeping a nervous eye on China-US trade talks after Washi...
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Uber has announced a partnership with India’s tech-driven bicycle-sharing platform Yulu, marking the US ride-hailing giant’s entry into the country’s e-bikes market.
The Star:
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MUMBAI: Mukesh Ambani, Asia’s richest man, sealed another deal to expand his retail footprint and add heft in a battle with Amazon.com Inc. and Walmart Inc. in India.
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MUMBAI: India’s biggest investors in shadow bank debt are getting cold feet, spelling more trouble for the hard-hit sector.
Tech in Asia:
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Apple has finalized a short list of locations for its first retail store in India as the company redoubles its efforts in the world’s fastest-growing smartphone market, Bloomberg reports, citing sou...
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MUMBAI, May 8 — A government agency report has cast fresh doubts on India’s economic growth figures, in a blow to Prime Minister Narendra Modi as he seeks re-election in ongoing polls.
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Apple Inc has finalised a short list of locations for its first retail store in India, according to people familiar with the plans, as the company redoubles its efforts in the world’s fastest-growing smartphone market.
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In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could earn more than the US$215 he received each month for making flatbreads at a roadside stall.
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KUALA LUMPUR (May 7): The Prime Minister's Office has denied claims that controversial Islamic preacher Dr Zakir Naik has been rewarded by the Malaysian government with a piece of land and a slot on M...
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MUMBAI: Sun Pharmaceutical Industries Ltd is scouting for a partner in China to help it win a larger piece of the world’s second-largest drug market, where the government is on a mission to drive down healthcare costs.
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MUMBAI: A sense of caution is gripping peso bulls as markets approach the Philippine central bank’s interest-rate decision.
Free Malaysia Today:
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KUALA LUMPUR: PAS today pleaded with Putrajaya to not deport Dr Zakir Naik, the controversial Indian preacher who was recently charged with money laundering.
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TROUBLES among India’s non-bank financiers will persist for at least a year even if the danger of a full-blown financial crisis has passed, according to the head of the nation’s most valuable bank.
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PETALING JAYA: Controversial Indian Islamic preacher Dr Zakir Naik (pix) has been charged for money laundering by the Indian authorities.
Malay Mail:
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KUALA LUMPUR, May 3 — Controversial Muslim televangelist Dr Zakir Naik has been charged by Indian authorities with money laundering, even as he has sought refuge and made public appearances in Malay...
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India has charged Zakir Naik with money laundering, reported the BBC.
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PETALING JAYA: India yesterday brought formal charges of money laundering against Zakir Naik, accusing him of acquiring about Rs1.9 billion (RM114.5 million) worth of criminal assets.
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MUMBAI, May 2 — The end today of US sanctions waivers for purchases of Iranian oil is likely to hit India's economy hard, increasing fuel costs and quickening inflation, analysts say.
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MUMBAI: India raised the base import price of crude palm oil by $5 to $545 per tonne, the government said in a statement on Wednesday.
Malaysiakini:
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The country's aviation industry can progress to become comparable to either Singapore or Dubai, but it is hampered by the single airport operator system that makes Malaysia lose out in terms of attrac...
theSun:
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KUALA LUMPUR: The country’s aviation industry can progress to become comparable to either Singapore or Dubai, but it is hampered by the single airport operator system that makes Malaysia lose out in...
Tech in Asia:
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On stage at a global conference, the CEO of SoftBank Investment Advisors, Rajeev Misra, reportedly disclosed plans to double the size of the investment arm from 400 employees to 800 employees over the...
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Mumbai: Shares of companies controlled by the 283-year-old Wadia Group tanked after news broke that group chairman Nusli Wadia’s son, Ness Wadia, had got a two-year prison term for possessing drugs during a skiing holiday in March in Japan.
Malay Mail:
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KUALA LUMPUR, May 1 ― The country's aviation industry can progress to become comparable to either Singapore or Dubai, but it is hampered by the single airport operator system that makes Malaysia los...
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MUMBAI: Vodafone Idea Ltd’s rights issue oversubscribed with 270 billion rupees of bids being placed for 250 billion rupees of shares to be issued, Bloomberg Quint reports, citing people it didn’t identify.
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MUMBAI: Vodafone Idea Ltd.’s rights issue oversubscribed with ~270b rupees of bids being placed for 250b rupees of shares to be issued, Bloomberg Quint reports citing people it didn’t identify.
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MUMBAI (April 25): Vodafone Idea Ltd’s rights issue oversubscribed with ~270b rupees of bids being placed for 250b rupees of shares to be issued, Bloomberg Quint reports citing people it didn’t id...
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One of the operations most vital to Facebook Inc at this moment is a world away from its Menlo Park, California, headquarters, and in more ways than one.