Articles by M. Sriram and Aditya Kalra

India Regulator to Restart Review Process for IPO of Fairfax’s Digit Insurance: Sources

India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on hold, two sources told Reuters on …

U.S. House Panel Refers Amazon to Justice Department Amid Competition Probe

Five members of the U.S. House Judiciary Committee have asked the U.S. Department Of Justice (DOJ) to investigate Amazon.com Inc for “potentially criminal conduct” by the company and some of its senior executives. In a letter to the Attorney General …

Indian Court Blocks Struggling Future Enterprises Sale of Stake in Insurer Generali

An Indian court has blocked Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali, following a legal challenge by a group representing bondholders, two sources familiar with the matter told Reuters. The court’s …

India Weighs Easing Foreign Investment Rules in Sectors Such as Insurance

The Indian government on Friday [July 5] said it will consider further liberalizing foreign direct investment (FDI) rules in certain sectors, part of its efforts to make Asia’s third-largest economy a more attractive investment destination. Presenting the annual budget for …

India’s New Web Rules Address Data Privacy, Commercial Liability

India outlined a new draft policy for its burgeoning e-commerce sector on Saturday, focusing on data localisation, improved privacy safeguards and measures to combat the sale of counterfeit products. The proposed overhaul, which would likely increase operating costs for the …

J&J in India Agrees to Work on Compensation Plan for Hip Implant Patients

Johnson & Johnson (J&J) said it would work with the Indian government to compensate patients who had suffered from hip implants that were recalled by the U.S. healthcare firm eight years ago after data showed high failure rates. This follows …

India Government Recommends J&J Pay Compensation for Recalled Hip Implants

A government panel has recommended that Johnson & Johnson (J&J) pay compensation of at least $28,500 to each Indian patient who suffered from artificial hip implants the U.S. healthcare firm recalled eight years ago. The ASR hip implants were recalled …

India Uber Driver’s Rape Charge Raises Doubts About Oversight

The Uber taxi driver held on suspicion of raping a passenger in India is a career criminal who was out on bail for sexually assaulting a woman, Indian police said, raising fresh concern about the safety of using the popular …