MUFG had planned to invest in India's HDB Financial Services. (Photo by Yuki Nakamura)
Business deals

MUFG to pause talks on investing in India's HDB Financial Services

Japanese financial group had been seeking stake in HDFC Bank unit

13 September 2024
Sumitomo will work with India's Ampin Energy Transition to set up solar and other renewable energy plants in the country. (Ampin Energy Transition)
Energy

Japan's Sumitomo plans $700m renewable energy buildup in India

Venture with local startup to provide solar power to factories, offices

13 September 2024
A man counts banknotes at a currency exchange shop in Pakistan's Peshawar. The nation last summer came close to default before a last-gasp bailout from the International Monetary Fund.
Economy

Pakistan cuts key interest rate by 2 percentage points to 17.5%

Move marks third straight reduction as central bank tries to spur growth

12 September 2024
An FBI team will visit Bangladesh again to further discuss methods of assistance to the South Asian nation. (Source photos by Getty Images)
Economy

Bangladesh seeks help from FBI, U.N. agency to recover laundered money

An estimated $100bn was siphoned abroad in past 15 years under Hasina regime

12 September 2024
Many Japanese businesses, including Honda Motor, have operations in the Indian state of Rajasthan. (Photo by Ryosuke Hanada)
Interview

India's Rajasthan courts Japan auto industry with eye on EVs

State chief touts potential for business and tourism opportunities

12 September 2024
Indian Prime Minister Narendra Modi delivers an address at Semicon India on Sept. 11. (Photo by Aya Onishi)
Semiconductors

Semicon India: Modi touts goal to become chipmaking powerhouse

Now is 'right time' for global chipmakers to be in India: PM says at expo

12 September 2024
A worker cuts iron rods outside a workshop at an iron and steel market in New Delhi.
Commodities

India to impose up to 30% tariffs on China, Vietnam steel pipe

Tax on imports from the countries to last for the next five years

11 September 2024
Workers at a Samsung facility gather to strike and demand higher wages at the South Korean tech firm's Sriperumbudur plant near the city of Chennai, India, on Sept 10. 
Electronics

Samsung workers in India ramp up wage protest as strike enters third day

Labor dispute disrupts output at key regional facility for global tech giant

11 September 2024
A man prepares a drink at a tea kadai. Found across India, these stalls attract people not just for their tea and snacks, but also for their role as informal community hubs. (All photos by Meenakshi J)   
Tea Leaves

How life and politics converge in India's tea shops

As gathering places, traditional 'kadai' are focal points for information, gossip and butter cookies

11 September 2024
Kenyan security forces at Jomo Kenyatta International Airport in Nairobi in July. 
Adani Group

Adani Group takeover of Kenyan airport stalled by local court

Workers protest on job loss fears; analysts say conglomerate used to pushback

10 September 2024
Supporters of the party of jailed former Pakistan Prime Minister Imran Khan, the Pakistan Tehreek-e-Insaf, wave flags during a rally in Islamabad on Sept. 8.
Politics

Pakistani police arrest 13 opposition leaders of ex-PM Khan's party

Unprecedented swoop due to party breaking public order law, government says

10 September 2024
Schoolchildren study at a government-run school in Kolkata: A World Bank study found 166 million South Asian students affected by school closures due to climate change since 2022.
Climate Change

Extreme weather forces 166m children to miss school in South Asia

India, Pakistan, Bangladesh affected by school closures, World Bank says

10 September 2024
Signs are growing that the government of Indian Prime Minister Narendra Modi may be easing up on its controls on inbound Chinese investment.
Asia Insight

India edges warily toward accepting more Chinese investment

Despite security concerns, FDI seen as key to Modi's manufacturing drive

10 September 2024
Tata Electronics CEO Randhir Thakur, left, and Tokyo Electron CEO Toshiki Kawai announce a partnership in India.  (Tata Electronics)
Semiconductors

India's Tata enlists Tokyo Electron in semiconductor push

Tata Electronics to work with Japanese company on skills building

10 September 2024
Pakistani Prime Minister Shehbaz Sharif meets with the managing director of the International Monetary Fund, Kristalina Georgieva, in Paris on June 22, 2023.
Economy

Pakistan struggling to seal $7bn IMF bailout for crisis-hit economy

Subsidies and shortfall in external financing lie at heart of delay, sources say

9 September 2024
Rohingya refugees gather in Cox's Bazar, Bangladesh, on Aug. 25 to mark the seventh anniversary of their fleeing from neighboring Myanmar.
International relations

Bangladesh calls for faster resettlement process for Rohingya

About 8,000 members of Muslim ethnic minority group have fled Myanmar

9 September 2024
A woman works in her paddy field in Munger, India. "Women Farmers: Unheard Being Heard" highlights the roadblocks faced by women in agriculture and offers solutions to the challenges. (All photos by Sugandha Munshi except where indicated)
Life

Books: Female farmers in South Asia plow hard fields

Women are widespread in agriculture but struggle to compete, study says

8 September 2024
Pakistan Prime Minister Shehbaz Sharif, right, meets with managing director of the International Monetary Fund, Kristalina Georgieva, in Paris in June 2023.
Opinion

Pakistan's fragile path to economic stability requires deeper reforms

Moody's upgrade offers optimism as IMF aid arrives, but structural challenges persist

8 September 2024
From left, Australian Prime Minister Anthony Albanese, U.S. President Joe Biden, Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida prepare to hold a Quad summit in Tokyo in May 2022. (Photo by Uichiro Kasai)
Indo-Pacific

Quad plans Biden-Kishida send-off summit in Delaware on Sept. 21

President to host leaders of Japan, India and Australia in home city

8 September 2024
Campaign posters for Anura Kumara Dissanayake of National People's Power in Colombo on Aug. 19. (Photo by Shinya Sawai)
Editor-in-Chief’s Picks

Letter from Nikkei Asia's editor: Raring to vote

Shin Nakayama shares his weekly reflections and recommendations

6 September 2024
U.S short seller Hindenburg Research has accused India's market regulator chief Madhabi Puri Buch of conflict-of-interest over ties to conglomerate Adani Group.
Markets

India stock market regulator under fire again after Hindenburg row

Agency blames employee claims of toxic workplace on 'external elements'

6 September 2024
A view of a wafer on display during Foxconn's annual Tech Day in Taipei in October 2022. The Taiwanese tech scene is deeply integrated with the rest of society.
Opinion

Asia can show the West how to integrate tech with societal needs

Taiwan, India and Japan offer lessons on community integrated innovation

6 September 2024
The recent flooding in Bangladesh risks sparking an epidemic of waterborne diseases.
Bangladesh turmoil

Bangladesh struggles to restore normalcy 1 month after leader flees

Caretaker government grapples with border security, flood damage

6 September 2024
Skyroot Aerospace in 2022 became the first Indian private-sector company to conduct a successful rocket launch. (Skyroot Aerospace)
Startups

India's space ambitions fuel startup fundraising boom

Cost-cutting tech like 3D-printed engines help nation punch above its weight

6 September 2024