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India jewellers’ strike enters third week as tax stalemate drags on

Bangkok / AFP A jewellers’ strike in India, the world’s biggest gold consumer after China, to oppose a proposed excise tax has extended into its third week as the industry intensified protests by conducting rallies on Thursday in the capital, New Delhi. Bullion stores have been shut since March 2 to protest an excise levy of 1 percent on ornaments ...

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Toshiba sells medical unit to Canon for US$5.9bn

TOKYO / AP Scandal-plagued Japanese electronics maker Toshiba Corp. sold its medical unit to Japanese camera maker Canon Inc. for 665.5 billion yen ($5.9 billion) on Thursday, both sides said. Separately, Toshiba said it reached an agreement with Chinese home appliance manufacturer Midea Group on selling its refrigerator and other so-called “white goods” business, targeting the end of March. Pricing ...

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Bharti pays US$662mn for Videocon Spectrum

New Delhi / Bloomberg Bharti Airtel Ltd., India’s largest wireless operator by subscribers, said it will buy airwaves from Videocon Telecommunications Ltd. for six regions for 44.3 billion rupees ($662 million) to increase its network coverage. The carrier will use the 1,800 megahertz band spectrum for services in Bihar, Haryana, Madhya Pradesh, Uttar Pradesh East and West as well as ...

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