India’s rupee hits record low against the dollar

India’s rupee hit a record low of 57.54 against the dollar on Monday, on growing demand for dollars among oil importers, while the greenback was also boosted by upbeat US jobs data.

India’s rupee hit a record low of 57.54 against the dollar on Monday, on growing demand for dollars among oil importers, while the greenback was also boosted by upbeat US jobs data.

Filipino farmers are starting to use the rice-growing method that has recently made India the world’s top rice exporter.

India’s passenger car sales shrank for the first time in a decade, falling 6.7 percent in the year to March, hit by a slowing economy and high interest rates, a top industry body said Wednesday.

A Canadian high school student has improved an ineffective experimental cancer therapy with a simple tweak—pairing it with antibiotics—earning accolades Tuesday from a panel of eminent scientists.
The conflict between Philippine Charity Sweepstakes Office (PCSO) and Pacific Online Systems Corp., on one side, and Malaysian conglomerate Berjaya, on the other, has turned into a full-blown war. Berjaya’s local unit, Philippine Gaming Management Corp. (PGMC), came out with guns blazing last week, accusing PCSO and Pacific Online of all sorts of monkey [...]

Top Indian utility vehicle maker M&M on Monday launched the most advanced home-grown electric car yet seen, pricing it at $11,000 and saying it hopes to sell the hatchback abroad next year.

Asia’s biggest low-cost carrier AirAsia said Thursday its new airline joint venture with India’s giant tea-to-steel Tata conglomerate may start operations by yearend.

AirAsia, Southeast Asia’s top budget carrier, said Wednesday it will set up an airline with India’s Tata conglomerate to tap the world’s second most populous nation after moves to liberalize its airline industry.

Asia’s largest low-cost carrier AirAsia on Wednesday announced plans to invest in an airline joint venture with India’s giant Tata conglomerate and another party.

Even with India’s economy growing at its slowest pace in a decade, average salaries in the country are projected to jump by more than 10 percent in 2013, a new survey forecast on Wednesday.

Finnish phone giant Nokia said Tuesday it had protested to the Indian government over a tax raid at one of its factories in South India, slamming the action as “excessive and unacceptable.”
India’s pharmaceuticals industry players are keen on boosting exports to the Philippines, noting the significant price savings that consumers can enjoy for reliable products that are already being shipped worldwide, officials said.