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Aditya Kalra

India's finance minister says Mastercard, Visa losing out to local players

08 Nov 2018

NEW DELHI India's finance minister said on Thursday that Mastercard and Visa were losing market share to domestic payments networks, months after Mastercard complained to the U.S. government that Indian Prime Minister Narendra Modi was using nationalism to promote a local rival.

Exclusive - Mastercard lodged U.S. protest over Modi's promotion of Indian card network

01 Nov 2018

NEW DELHI Mastercard told the United States government in June that Indian Prime Minister Narendra Modi was using nationalism to promote the use of a domestic payments network, and New Delhi's protectionist policies were hurting foreign payment companies, a document seen by Reuters showed.

Mastercard says storing India payments data locally in face of new rules

30 Oct 2018

NEW DELHI Global card payments giant Mastercard is storing its new Indian transaction data locally, the company said on Tuesday, as it starts to comply with a regulatory directive which U.S. companies unsuccessfully lobbied hard to dilute.

RPT-INSIGHT-AB InBev told Indian authorities about cartel, triggering anti-trust probe

26 Oct 2018

* In rare dawn raids, watchdog seized documents, copied hard disks

AB InBev told Indian authorities about cartel, triggering anti-trust probe

25 Oct 2018

NEW DELHI An Indian anti-trust probe into beer price-fixing allegations was initiated after the world's largest brewer Anheuser-Busch InBev told the authorities last year it had detected an industry cartel, three people familiar with the matter told Reuters.

India's FBI-style police agency hit by infighting, government orders probe

24 Oct 2018

NEW DELHI India's government on Wednesday ordered a probe at the country's top crime fighting bureau after its two senior officers accused each other of bribery and interference in police investigations.

Defamation suits aimed at India's #MeToo complainants could stall movement

18 Oct 2018

NEW DELHI Defamation lawsuits filed by two Indian public figures accused of sexual harassment have sparked warnings from women's rights activists and legal experts that prolonged court battles could put the brakes on the country's nascent #MeToo movement. | Video

Exclusive - U.S. senators urge India to soften data localisation stance

13 Oct 2018

NEW DELHI Two U.S. senators have called on Indian Prime Minister Narendra Modi to soften India's stance on data localisation, warning that measures requiring it represent "key trade barriers" between the two nations.

EXCLUSIVE-Two US senators urge India to soften data localisation stance - letter

13 Oct 2018

NEW DELHI, Oct 13 Two U.S. senators have called on Indian Prime Minister Narendra Modi to soften India's stance on data localisation, warning that measures requiring it represent "key trade barriers" between the two nations.

Exclusive: Top brewers raided by Indian watchdog in price-fixing probe - sources

11 Oct 2018

MUMBAI India's antitrust watchdog raided the offices of three top beer companies on Thursday as part of an investigation of price-fixing allegations, three sources with direct knowledge of the matter told Reuters.

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