Tata Group’s Talks Over $1 Billion Bisleri Stake Stall
Tata Group’s talks for a majority stake in Bisleri International Pvt, one of India’s largest bottled water makers, have stalled overvaluation, according to people familiar with the matter. The Indian conglomerate had been in advanced discussions to take control of Bisleri and the parties were working on finalizing the structure of a transaction, the people […]
A $19 Billion Derivative Bond Trade in India Will Unwind with Modi’s New Tax
A derivative trade that boosted demand for India’s sovereign bonds by billions is at risk from a proposed tax, piling pressure on a market straining under record government borrowings. Analysts say a New Delhi plan to tax high-value insurance policies will reduce demand, leading the industry to cut back on bond investments. For the past […]
India Invokes Emergency Law Force Coal Plants to Boost Output
Directive calling on coal plants to run at full capacity comes ahead of the expected surge in power usage this summer. India has invoked an emergency law to force power plants that run on imported coal to maximize output ahead of an expected record surge in power usage from mid-March through to mid-June, according to […]
Apple Supplier in India Begins Manufacturing Components for AirPods
A key supplier to Apple Inc. has started manufacturing components for AirPods in India, marking a significant step in the U.S. tech giant’s push to expand production in the country. Jabil Inc.’s Indian unit has begun shipping AirPods, or plastic bodies, boxes to China and Vietnam, where the wireless earphones are assembled, said people familiar […]
Apple Gets a Boost in India as Chinese Suppliers Receive Authorization
More than a dozen Chinese suppliers from Apple Inc. are receiving initial authorization from India to expand in the country, helping the tech giant’s efforts to diversify its assembly network beyond China. AirPods and iPhone assembler Luxshare Precision Industry Co. and a unit of lens maker Sunny Optical Technology Group Co. are among the companies […]
India Must Close Airspace to Myanmar Warplanes after Attacks
India should prevent Myanmar warplanes from entering Indian airspace during military regime operations to bomb targets in areas near India’s border, an international human rights group has said. Fortify Rights claimed Myanmar’s air force had “dropped bombs on both sides of the Myanmar-India border” in deadly attacks on Tuesday and Wednesday against an ethnic Chin […]
Google Accuses India Watchdog of Copy-Pasting EU’s Android Ruling
Google has told a court in India that the country’s antitrust investigators copied parts of a European ruling against the U.S. firm for abusing the market dominance of its Android operating system, arguing that the decision should be overturned, legal documents show. The Indian Competition Commission (ICC) in October fined Alphabet Inc’s Google $161 million […]
Indian Couple in France, Argentina Football Shirts
Sunday was no different, as the state prepared to watch the final between Argentina and France. Makeshift screens were set up across the state as Argentine and French flags flew in the streets as thousands of fans gathered to watch the game. But one couple stood out in their devotion to the beautiful game. The […]