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India To Finalize GAAR In 20 Days, May Amend Income Tax Rules

India would finalize the guidelines on its controversial anti-avoidance law within 20 days after considering the recommendations made by a government panel, ending months-long stalemate on the issue, Finance Minister P Chidambaram said Monday.
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India's Trade Deficit Widens In August

India's trade deficit widened marginally to $15.6 billion from July's $15.5 billion as export fell at a sharper rate than the imports for the month of August, according to the data released by the Ministry of Commerce Monday.
Kingfisher Airlines

Kingfisher Flights Cancelled On Labor Strike; Shares Fall

India’s debt-ridden private air carrier Kingfisher Airlines cancelled several flights Monday, fearing a number of its striking employees might not report for work. The company’s shares plummeted 5 percent on the Bombay Stock Exchange following the reports.
Nikkei Stock Exchange

Nikkei Falls On Weak Japan, China Data; Sensex Gains Marginally

Japan's Nikkei Stock Average fell Monday as investor confidence was weighed down by the rising concerns about the worsening global economic conditions following the disappointing data which showed the weakening Japanese business conditions and Chinese manufacturing activity.
People look at an electronic board at a brokerage house in Shanghai

Weekly Roundup: Asian Markets Mixed Amid Global Economic Worries

Asian markets were mixed in the week as investors maintained a cautious mode waiting to find if the debt crisis in the euro zone, which is weakening the global economic growth, will undermine the stimulus measures announced by policy makers around the world.
People look at an electronic board at a brokerage house in Shanghai

Asian Markets Rise On Spain Budget Cuts

Most of the Asian markets rose Friday as investor confidence was lifted after Spain announced budget cuts to control the rising debt pressure affecting the country’s economy.

Walmart: How High Cost Of Real Estate May Impact Store Operations In India

Following the approval of Foreign Direct Investment (FDI) in the multi-brand retail sector in India, retail giant Walmart (WMT) has announced plans to launch its first store within 12 to 18 months through its joint venture with Bharti Enterprises, but the high cost of real estate may pose a big challenge for the low-price retailer.
An investor checks stock information with a computer at a brokerage house in Hefei

Asian Markets Rise On China Stimulus Hopes

Most of the Asian markets rose Thursday as investor confidence was lifted by hopes that China would soon announce monetary easing measures to rejuvenate the economic growth momentum.

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