Jul 28, 2014

Dentsu to buy 51% stake in Indian out-of-home advertising agency

Dentsu Inc. said Monday that it will acquire India’s largest out-of-home advertising agency, Milestone Brandcom Pvt. Ltd. Dentsu will acquire a 51 percent stake in the Mumbai-based company through an overseas subsidiary, with an option to expand its holding in steps to 100 percent ...

Jul 24, 2014

Random checks catch 99 tipsy Indian pilots since 2011

Random Indian preflight safety checks have caught 99 tipsy pilots since 2011, the national aviation minister told parliament on Monday. The revelation could fuel questions about airline discipline and whether safety procedures in India’s fast-growing industry need to be tightened further. “Since 2011 a ...

Jul 11, 2014

Daido Steel to buy stake in India's Sunflag

Daido Steel Co. will buy a 10 percent stake in Sunflag Iron & Steel Co. for around ¥1 billion in late August as it expands operations in India’s fast-growing automobile market. Nagoya-based Daido said Thursday it would buy the shares via third-party allotment to ...

India's Modi faces first test of reform pledges

Jul 10, 2014

India's Modi faces first test of reform pledges

India’s Prime Minister Narendra Modi faced the first major test of his reform credentials on Thursday, when his fresh-faced government presented its maiden budget amid early doubts about his willingness to make unpopular decisions. The budget promised a new era of fiscal prudence and ...

Jul 2, 2014

Effigy burned of rape row Indian lawmaker

Protesters set fire Wednesday to an effigy of an Indian lawmaker who had threatened the rape of his rivals’ relatives as a storm over his comments refused to subside despite an apology. Several thousand people took part in a number of protests in Tapas ...

India expands uranium enrichment

Jun 23, 2014

India expands uranium enrichment

India is expanding a covert uranium enrichment plant that could potentially support the development of thermonuclear weapons, a defense research group says, raising the stakes in a regional arms race with China and Pakistan. The revelation highlights the lack of nuclear safeguards in India ...