Australia court approves $10 billion Vodafone-TPG merger, overrules regulator
By Ritu, Capital Sands An Australian court approved a A$15 billion merger between a unit of Britain’s Vodafone Group and internet provider TPG Telecom on Thursday, overruling a regulator and enabling a huge rival to the country’s top telcos. A Federal Court judge said a tie-up between Vodafone’s joint venture with local telco Hutchison Telecommunications […]
India’s January retail inflation rises, industrial output shrinks
By Administrator_India Capital Sands India’s annual retail inflation accelerated to its highest level in nearly six years, while industrial output unexpectedly contracted, showing that Asia’s third-largest economy remains troubled. Annual retail inflation rose to 7.59% in January, partly driven by rising vegetable prices. December industrial output contracted 0.3%, after rising for the first time in […]