Business & Finance
05 January 2024, 2:12 am 1 minute
Reuters was first to report India’s antitrust body is investigating domestic units of global delivery companies, such as Germany’s DHL, U.S.-based United Parcel Service (UPS.N) and FedEx (FDX.N), for alleged collusion on discounts and tariffs.
Market Impact
The complainant group also alleged that some companies set a fuel surcharge of 17% to 22%, citing rising prices of fuel, but did not cut them subsequently when those prices eased, during the travels curbs surrounding the COVID-19 pandemic.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: India
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story