Day: October 25, 2018

Insight: AB InBev told Indian authorities about cartel, triggering anti-trust probe

NEW DELHI – An Indian anti-trust probe into beer price-fixing allegations was initiated after the world’s largest brewer Anheuser-Busch InBev told the authorities last year it had detected an industry cartel, three people familiar with the matter told Reuters. AB InBev discovered the Indian operations it acquired as […]

India needs strong, stable govt for next 10 years; weak coalitions bad: Doval

New Delhi, Oct 25:  India needs a strong, stable and decisive government for the next 10 years to achieve its political, economic and strategic objectives, National Security Advisor Ajit Doval said Thursday, asserting that “weak coalitions will be bad” for the country. Delivering the Sardar Patel Memorial Lecture here, […]

India’s April-September fiscal deficit at 5.95 trillion rupees

NEW DELHI – India’s April-September fiscal deficit stood at 5.95 trillion rupees ($81.20 billion), or 95.3 percent of the budgeted target for current fiscal year, government data showed on Thursday. The figure compares to 91.3 percent in the same period a year earlier. Rising oil prices have been […]

Smartphones emerge as bright spot for Indian manufacturing

NOIDA, India- Smartphone-maker Lava is a small player in India’s booming mobile communications industry, but it has become a poster child for Prime Minister Narendra Modi’s ambitious effort to make India a global hub for electronics manufacturing. Just a few years ago, Lava imported cheap phones from China. […]

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