India Sets Collusion Probe of DHL, FedEx, UPS, Reuters Reports
--India's antitrust body is investigating the domestic units of global delivery companies such as Germany's DHL and U.S.-based United Parcel Service and FedEx for alleged collusion on discounts and tariffs, Reuters reports.
--Following a complaint by the Federation of Indian Publishers, the Competition Commission of India has begun reviewing hundreds of thousands of emails as it investigates the fees companies charged for airport services, Reuters reports, citing government documents and three sources.
--FedEx denied the accusations in the complaint but said it was cooperating with the probe, while DHL and UPS also said they were cooperating, according to the report.
Full story: https://www.reuters.com/sustainability/india-probes-dhl-fedex-ups-alleged-antitrust-practices-price-collusion-2024-01-05/
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 05, 2024 08:09 ET (13:09 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Best- and Worst-Performing Stocks of Q2 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations