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Amazon retail practices in India come under scrutiny: WSJ SAN FRANCISCO: Indian regulators are investigating whether Inc may have circumvented restrictions placed on foreign investors by selling directly to domestic consumers, the Wall Street Journal on Friday cited unidentified sources as saying. The finance ministry's Enforcement Directorate is looking into whether Amazon's Indian subsidiary may have sold directly to customers but made it look as if the sales were made by other companies, the Journal cited two people familiar with the matter as saying. India doesn't allow foreign firms to own majority stakes in retail companies that sell more than one brand. Amazon is allowed there because it acts as a marketplace rather than a retailer, according to the Journal. Amazon was not immediately available for comment.Copyright Reuters, 2014 ...

Jailed Indian tycoon seeks more time to sell luxury hotels NEW DELHI: Jailed Indian tycoon Subrata Roy on Friday asked the Supreme Court for more time to negotiate the sale of three luxury foreign hotels to raise the $1.6 billion he needs to secure bail.Roy's lawyers told the court that negotiations with one buyer were on the verge of collapse, and the businessman needed extra time for talks with other potential takers.The court has allowed the head of the Sahara media-to-finance empire to use a ...
Taliban attack kills three, wounds 60, in Afghanistan GHAZNI: A Taliban attack on a government compound in Afghanistan on Thursday left three policemen dead and at least 60 people wounded after a massive truck bomb triggered three hours of fighting, officials said.About 20 insurgents armed with machine guns and grenade launchers were also killed during the attack on the intelligence agency base in Ghazni province, one of the most volatile regions of Afghanistan.The attack underlined growing insecurity in the country, which is beset ...
India, Australia to sign nuclear deal as Abbott visits MUMBAI: Australian Prime Minister Tony Abbott arrived in India on Thursday to sign a long-awaited deal to sell uranium to his energy-starved hosts and strengthen ties.Abbott is expected to meet new Indian Prime Minister Narendra Modi and senior ministers during a two-day visit also aimed at boosting trade."We expect significant outcomes from the visit to further enhance our partnership," said Sanjay Bhattacharya, Indian foreign ministry joint secretary, on the eve of Abbott's arrival."For us, Australia ...
Central Africa attack kills at least five: peacekeepers BANGUI: At least five people were killed during an attack by armed men on a northern town in the Central African Republic, a source in the African peacekeeping force said Wednesday.Heavily armed men believed to be ex-Seleka rebel fighters stormed Nana Bakassa, 300 kilometres (185 miles) north of the capital Bangui on Tuesday, an officer with the MISCA force told AFP."We provisionally counted five dead and others wounded," with people targeted on the streets and ...
Robin Hood monkey showers Indian town with cash SHIMLA: A monkey sparked a dash for cash in a northern Indian town when he showered banknotes from a rooftop, witnesses told AFP on Tuesday.Passersby in the hill town of Shimla spotted the monkey with a bundle of notes on Sunday after it broke into a construction site in search of food.Finding nothing to munch on, it stole 10,000 rupees ($165) that a contractor had planned to pay his labourers, according to the Amar Ujala ...
Iran unveils new missile, radar systems TEHRAN: Iran unveiled a new surface-to-air missile Tuesday and two radar systems it said would improve its defences against "enemies".The military ceremony came just one week after Iran said it downed an Israeli spy drone that had reportedly been deployed above the Natanz uranium enrichment site in central Iran.The Talash-3 (Effort-3, in Persian) missile is capable of hitting targets at higher altitudes than previously possible, said General Farzad Esmaili, Iran's aviation defence commander, without stating ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln