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In a boost to firms like ONGC and Reliance Industries, the Union Cabinet on Thursday approved a new price formula for their undeveloped gas discoveries in difficult areas, which will lead to a near-doubling of rates.

There was near agreement that this would be a better way to move toward a pensioned society, according to the official, who did not wish to be identified.

A senior Japanese trade negotiator said on Wednesday that it would be impossible to renegotiate a sweeping Pacific trade agreement, as some U.S. presidential candidates have proposed, without destroying it. Hiroshi Oe, Japan’s deputy chief negotiator for the 12-country Trans-Pacific Partnership trade deal, told an Asia Society forum in Washington ...

Honda Motor Co. debuted a fuel cell vehicle Thursday that it hopes will secure wide take-up amid a national push for zero-emissions hydrogen technology. The Clarity is a five-seater model, the first hydrogen-powered vehicle of that size. Over the first year, Honda is targeting the lease of 200 units to ...

The management of Toyota Motor Corp. is considering a pay-scale hike of around ¥2,000 per month in this year’s shunto spring wage negotiations, sources said Thursday. An agreement would mark the third straight year of hikes at the automaker. It is also considering using part of the funds set aside ...

The tourism boom, much lauded by the government, has had a number of unintended effects. Among them is a shortage of hotel rooms, a problem that has transformed the nation into the fastest-growing market for Airbnb. The rebound in tourism since the 2011 disasters is visible in everything from hotels ...