Colgate ordered to pay $18 million penalty in laundry detergent cartel proceedings

Colgate ordered to pay $18 million penalty in laundry detergent cartel proceedings

The Federal Court has made orders that Colgate-Palmolive Pty Ltd (Colgate) pay total penalties of $18 million for contraventions of the Trade Practices Act 1974 (now called the Competition and Consumer Act 2010) (the Act), following admissions by Colgate in proceedings brought by the Australian Competition and Consumer Commission. Colgate admitted to entering understandings which […]

WITH WARMTH IN CHANDIGARH, INDIA, FRANCE GET DOWN TO BUSINESS

WITH WARMTH IN CHANDIGARH, INDIA, FRANCE GET DOWN TO BUSINESS

Chandigarh, India and France committed themselves to closer ties, especially in business and combating terrorism, just hours after French President Francois Hollande began his three-day visit to India here on Sunday and Prime Minister Narendra Modi broke protocol to welcome him. Addressing the India-France Business Summit, Modi said India and France had huge potential to […]

Another Saudi Business Delegation Arrives In India On Sunday

Another Saudi Business Delegation Arrives In India On Sunday

New Delhi, Saudi Arabia has stepped up its economic engagement with India with yet another business delegation of nearly 50 members set to visit the country from December 13-18 to expore opportunities in diverse areas from retail to realty, officials here said. Led by Kamel S. Almunajjed, co-chair of the Saudi-India Business Council, the delegation […]

Chinese Shares Open Mixed

Chinese Shares Open Mixed

Beijing, Chinese stocks opened mixed on Monday with the benchmark Shanghai Composite Index down 0.07 percent to open at 3,433.86 points.  The smaller Shenzhen index opened 0.25 percent higher at 11,991.7 points, Xinhua news agency reported. The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, gained 0.36 percent to open at 2,658.97 points.

NSG to consider India’s entry in June, Modi to visit Washington

NSG to consider India’s entry in June, Modi to visit Washington

India’s pending application for entry into the Nuclear Suppliers Group (NSG) should come up for consideration at its plenary in June 2016. Indian diplomats have been in discussion with NSG members for some time, and on October 30, External Affairs Minister Sushma Swaraj discussed the matter with visiting NSG chairman Rafael Grossi, who indicated that […]

Business Delegation from Germany’s Hesse to Visit India in November

Business Delegation from Germany’s Hesse to Visit India in November

Frankfurt, Oct 20 (IANS) Germany’s Hesse province Economics Minister Tarek Al-Wazir will be visiting India next month with a business delegation of more than 30 German companies, India’s consulate general here said on Tuesday. “Hessian Minister of Economics Tarek Al-Wazir will be visiting the cities of Mumbai, Bengaluru and New Delhi along with a business […]

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