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Oct 15, 2013

India sees telecoms consolidation as Vodafone lines up $2 bln investment

NEW DELHI, Oct 15 (Reuters) – Vodafone Group Plc has
told the Indian government it plans to invest more than $2
billion in the country, a victory for a policy change designed
to boost foreign interest and thin out the crowd of a dozen
players in the mobile phone market.

The investment plan by Britain’s Vodafone follows the
removal in August of a cap on foreign firms investing in
telecoms companies which the government believes can spur
consolidation in an industry executives have long believed ripe
for it.

Oct 7, 2013

Exclusive: India to stick with austerity despite looming election

NEW DELHI (Reuters) – The Indian government will have to rein in spending and cut subsidies to meet its fiscal deficit target, the country’s finance minister said on Monday, underlining that an austerity drive will not be blown off course by an election due next year.

P. Chidambaram told Reuters ahead of a trip to the United States – where one stop will be to woo investors on the West Coast – that he will not allow the deficit to cross a “red line” set at 4.8 percent of gross domestic product this fiscal year.

Oct 7, 2013

India to stick with austerity despite looming election

NEW DELHI, Oct 7 (Reuters) – The Indian government will have
to rein in spending and cut subsidies to meet its fiscal deficit
target, the country’s finance minister said on Monday,
underlining that an austerity drive will not be blown off course
by an election due next year.

P. Chidambaram told Reuters ahead of a trip to the United
States – where one stop will be to woo investors on the West
Coast – that he will not allow the deficit to cross a “red line”
set at 4.8 percent of gross domestic product this fiscal year.

Sep 27, 2013

Rahul slams move to shield convicted politicians

NEW DELHI (Reuters) – Nehru-Gandhi dynasty scion Rahul Gandhi on Friday slammed a cabinet move to protect politicians found guilty of crimes, embarrassing the government led by his own party just months from a general election.

About 30 percent of lawmakers in parliament and state assemblies have criminal charges against them.

Sep 27, 2013

India’s Rahul Gandhi slams move to shield convicted politicians

NEW DELHI (Reuters) – India’s Nehru-Gandhi dynasty scion Rahul Gandhi on Friday slammed a cabinet move to protect politicians found guilty of crimes, embarrassing the government led by his own party just months from a general election.

About 30 percent of lawmakers across federal and state assemblies have criminal charges against them.

Jun 6, 2013

Insight: Barred by Wal-Mart, Bangladesh suppliers feel left on the shelf

By John Chalmers

(Reuters) – The day after Wal-Mart Stores Inc published Simco Group’s name on its list of banned Bangladesh suppliers, the garment maker learned it had lost an order from U.S. retailer J.C. Penney Co Inc for 500,000 pairs of pajamas.

Khurrum Siddique, Simco’s head of operations, thinks this is no coincidence. He said his factories, named along with dozens of others on Wal-Mart’s “red” list of unauthorized suppliers first published on May 14, have become pariahs for Western brands that are trying to play it safe in Bangladesh after a litany of deadly workplace accidents.

Jun 6, 2013

Barred by Wal-Mart, Bangladesh suppliers feel left on the shelf

June 6 (Reuters) – The day after Wal-Mart Stores Inc
published Simco Group’s name on its list of banned Bangladesh
suppliers, the garment maker learned it had lost an order from
U.S. retailer J.C. Penney Co Inc for 500,000 pairs of
pajamas.

Khurrum Siddique, Simco’s head of operations, thinks this is
no coincidence. He said his factories, named along with dozens
of others on Wal-Mart’s “red” list of unauthorized suppliers
first published on May 14, have become pariahs for Western
brands that are trying to play it safe in Bangladesh after a
litany of deadly workplace accidents.

May 13, 2013

Pakistan’s Sharif seeks to ease mistrust with India

LAHORE, Pakistan (Reuters) – Nawaz Sharif, who is poised for victory after Pakistan’s May 11 election, said he had spoken at length with Prime Minister Manmohan Singh of rival India and would work to ease mistrust.

“Mutual fear needs to be addressed. I had long discussions,” Sharif told reporters, adding that they extended invitations to visit each other’s countries.

May 13, 2013

Nawaz Sharif seeks to ease mistrust with India

LAHORE, Pakistan (Reuters) – Nawaz Sharif, who is poised for victory after Pakistan’s May 11 election, said he had spoken at length with Prime Minister Manmohan Singh of rival India and would work to ease mistrust.

“Mutual fear needs to be addressed. I had long discussions,” Sharif told reporters, adding that they extended invitations to visit each other’s countries.

May 12, 2013

Nawaz Sharif stages comeback in landmark Pakistan election

ISLAMABAD (Reuters) – Toppled in a 1999 coup, jailed and exiled, Nawaz Sharif has made a triumphant election comeback and was heading for a third term as Pakistan’s prime minister.

The polls were a landmark, marking the first time one elected government will replace another. But the vote failed to realise the hopes of many that dynastic politics would end after years of misrule and corruption.

    • About John

      "John Chalmers is the Reuters' Bureau Chief for South Asia. He was previously a correspondent in London, Paris, Hanoi, New Delhi and Brussels."
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