Indian Authorities

India wants Mallya to face trial after the liquor and aviation tycoon was charged with conspiracy and fraud over a loan to his defunct Kingfisher Airlines. It said this month that it had asked Britain to extradite him.

Sugar prices rise on fresh buying, thin supply

Marketmen said besides restricted arrivals from mills, gearing up in demand from stockists and bulk consumers such as soft-drink and ice-cream makers ahead of new month, mainly brought the rise in sweetener prices.

India seen holding off for now on reducing raw sugar import tax

Soaring domestic sugar prices in the world's second-biggest producer, where drought has cut yields in the main growing regions such as Maharashtra, mean that mills will increasingly spurn the export market.

Vijay Mallya traced to countryside estate near London

CNN-IBN traced him to his estate from London with the assistance of people in the neighbourhood villages who know of him for his thirty acre estate, and for his rather colourful lifestyle. They spoke of his lifestyle in the pub and of interesting visitors in recent days.

Tax officials search HSBC's Mumbai HQ: Sources

Indian tax officials searched the Mumbai headquarters of HSBC Holdings PLC last week as part of a probe related to allegations that the bank's Swiss business helped clients dodge taxes, a person with knowledge of the matter said on Tuesday.

Indian diaspora demands big risk premium to support rupee

Indian diaspora ha been demanding big risk premium to support the falling rupee. Indian authorities are contemplating longer term steps to plug a deep current account deficit to help prop up the currency.

Talks resume to free second Italian hostage

Talks between Maoist rebels and Indian authorities resumed on Monday to free the second of two Italians abducted in Orissa after the first was released unharmed by the Maoists over the weekend.

India looking into tax liability in Kraft's Cadbury deal

The ministry of finance has initiated action to see if Kraft Foods will have to pay taxes to Indian authorities in its USD 19 bn takeover of Cadbury last year, as claimed by a public interest petition.