According to the US Security and Exchange Commission (SEC), these violations were conducted by Walmart's third-party intermediaries who made payments to foreign government officials without reasonable assurances that they complied with the FCPA.
At the interbank foreign exchange (forex) market, the domestic currency opened sharply lower at 69.75 against the dollar. However, it recovered some lost ground in the early deals to trade at 69.72, registering a fall of 28 paise.
"India has recently promulgated a number of data localisation requirements that would serve as significant barriers to digital trade between the US and India," the US Trade Representative's 2019 National Trade Estimate Report on Foreign Trade Barriers said.
In an interview with The Indian Express, Leo Puri, who earlier made his mark in McKinsey and Warburg Pincus, spoke about the issues before the UTI group which manages assets worth over Rs 3.74 lakh crore.
Jaipur, Jan 23 (ANI): Bollywood actress Kajol was present at the launch of Indian writer Ashwin Sanghi's latest book, The Sialkot Saga, at Jaipur Literature Festival 2016. The world's largest free festival of its kind, the ZEE Jaipur Literature Festival has been described as the 'greatest literary show on earth'. The festival that began on 21st January will conclude on January 25.
Kolkata, Jan 08 (ANI): While addressing at the Bengal Global Business Summit in Kolkata, the chairman of Reliance Industries, Mukesh Ambani on Friday said that West Bengal is one of the top Indian states on the 'ease of doing business matrix today'. He also said that it's a platform to bring together everyone who has a stake in the development of the state.
Kolkata, Jan 08 (ANI) : Asserting that West Bengal has capability and readiness to take on bigger and greater business challenges with an aim to fulfill aspirations, Union Finance Minister Arun Jaitley on Friday said more investments will lead to greater revenues, jobs, more manufacturing power and better infrastructure. Jaitley, who was speaking at the 2016 Global Business Summit, said the economy of any country or state needs investments to grow. The Summit received participation from 20 countries including UK, Japan, USA, Singapore, Australia, China, Malaysia, Taiwan, Israel, Spain, Belarus, Czech Republic, Korea, Luxembourg and neighbouring countries like Bangladesh, Nepal and Bhutan.