Market Chatter: HP India Fined by Indian Antitrust Regulator Over Tender Cartelization

MT Newswires Live07-14 17:11

HP (HPQ) India's unit was fined 1.27 billion rupees ($13.3 million) by India's antitrust regulator for allegedly rigging government procurement bids with resellers, Bloomberg reported Tuesday.

The regulator also fined five HP India resellers a combined 12.2 million rupees, alleging the company dictated bid prices and manipulated tender participation, according to the report.

In a separate order, the watchdog imposed penalties totaling 119.8 million rupees on HP India and 16 of its resellers in another public procurement cartelization case, Bloomberg added.

HP did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2651761231?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-14 17:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2651761231","market":"hk","top_or_hot":-1,"title":"Market Chatter: HP India Fined by Indian Antitrust Regulator Over Tender Cartelization","media":"MT Newswires Live","content":"<html><body><p> HP (HPQ) India's unit was fined 1.27 billion rupees ($13.3 million) by India's antitrust regulator for allegedly rigging government procurement bids with resellers, Bloomberg reported Tuesday.</p><p>The regulator also fined five HP India resellers a combined 12.2 million rupees, alleging the company dictated bid prices and manipulated tender participation, according to the report.</p><p>In a separate order, the watchdog imposed penalties totaling 119.8 million rupees on HP India and 16 of its resellers in another public procurement cartelization case, Bloomberg added.</p><p>HP did not immediately respond to MT Newswires' request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: HP India Fined by Indian Antitrust Regulator Over Tender Cartelization</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: HP India Fined by Indian Antitrust Regulator Over Tender Cartelization\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-07-14 17:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> HP (HPQ) India's unit was fined 1.27 billion rupees ($13.3 million) by India's antitrust regulator for allegedly rigging government procurement bids with resellers, Bloomberg reported Tuesday.</p><p>The regulator also fined five HP India resellers a combined 12.2 million rupees, alleging the company dictated bid prices and manipulated tender participation, according to the report.</p><p>In a separate order, the watchdog imposed penalties totaling 119.8 million rupees on HP India and 16 of its resellers in another public procurement cartelization case, Bloomberg added.</p><p>HP did not immediately respond to MT Newswires' request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HPQ","symbol_name":"惠普","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2651761231","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651761231","pubTimestamp":1784020262,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"HP  India's unit was fined 1.27 billion rupees  by India's antitrust regulator for allegedly rigging government procurement bids with resellers, Bloomberg reported Tuesday.The regulator also fined five HP India resellers a combined 12.2 million rupees, alleging the company dictated bid prices and manipulated tender participation, according to the report.In a separate order, the watchdog imposed penalties totaling 119.8 million rupees on HP India and 16 of its resellers in another public procurement cartelization case, Bloomberg added.HP did not immediately respond to MT Newswires' request for comment.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HPQ":"惠普","BK4588":"碎股","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","BK4170":"电脑硬件、储存设备及电脑周边","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","BK4585":"ETF&股票定投概念","BK4092":"石油与天然气钻井","HP":"赫尔默里奇和佩恩材料","BK4533":"AQR资本管理(全球第二大对冲基金)","WLDR":"Affinity World Leaders Equity ETF"},"translate_title":"市场传闻：惠普印度公司因招标卡特尔被印度反垄断监管机构罚款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HP":1.5,"HPQ":1,"MNDmain":1.5,"WLDR":0.6},"content_text":"HP (HPQ) India's unit was fined 1.27 billion rupees ($13.3 million) by India's antitrust regulator for allegedly rigging government procurement bids with resellers, Bloomberg reported Tuesday.The regulator also fined five HP India resellers a combined 12.2 million rupees, alleging the company dictated bid prices and manipulated tender participation, according to the report.In a separate order, the watchdog imposed penalties totaling 119.8 million rupees on HP India and 16 of its resellers in another public procurement cartelization case, Bloomberg added.HP did not immediately respond to MT Newswires' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2651761231","isCrawlerRequest":true}