Walmart Inc said on Thursday it will pay US$382 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act. The retailer will pay more than US$144 million to settle charges by the Securities and Exchange Commission and about US$138 million to resolve parallel criminal charges by the U.S. Department of Justice, according to court and regulatory filings.
The world consumed 10% more alcohol per adult in 2017 than in 1990, due in large part to heavier and more widespread drinking in China and India, researchers said on Wednesday. On current trends, global consumption per capita will rise another 17% over the next decade, they reported in The Lancet.
Brazilian meat processor JBS SA said its Seara processed foods unit will start selling chicken products to India, as the group explores new markets in a year when poultry is poised to become the most demanded meat protein in the world.
Warships from India, Australia and several other nations arrived in the eastern Chinese port city of Qingdao on Sunday to attend a naval parade, part of a goodwill visit as China extends the hand of friendship despite regional tensions and suspicions.
A study into the amount people pay for mobile data has found that the UK has some of the most expensive prices in Europe. Likewise the Falkland Islands and Saint Helena figure among the five worst cases in the site Cable.co.uk. The research found that one gigabyte (GB) of data cost $0.26 (£0.20) in India but $6.66 in the UK, and US$ 47.39 in the Falklands.
India has demanded the release of a fighter pilot shot down by Pakistan warplanes in a major escalation between the two nuclear powers over Kashmir. Video showing the pilot, blindfolded and with blood on his face, was shared by Pakistan's information ministry. India described the images as a vulgar display of an injured personnel.
With the aim to reinforce existing business and explore new business opportunities between Argentina and India, President of Argentine Republic, Mauricio Macri addressed the India-Argentine Business Forum on Tuesday at Taj Mahal Palace Hotel.
If India has to compete with China in Latin America, then it has to be “absolutely active” in the region, Argentine Foreign Affairs Minister Jorge Faurie said on Tuesday during the business forum in New Delhi.
India and Argentina inked ten agreements including in defense, agriculture, space, pharmaceuticals, Antarctic cooperation, agriculture, IT and nuclear cooperation. Indian Prime Minister Narendra Modi and Argentine President Mauricio Macri, accompanied by a high-level official delegation and around 100 top industry representatives of Argentine companies held bilateral talks on Monday.
New Delhi and Buenos Aires are expected to sign up to eight agreements during President Mauricio Macri’s three-day state visit to India to promote trade, investment and cooperation in several fields including defense, Argentine ambassador Daniel Chuburu said. Macri is accompanied by several ministers, members of Congress and a hundred business leaders.