The country will remove the fare caps imposed on domestic airlines in 2020 during the COVID-19 pandemic from Aug 31, the Indian civil aviation ministry says

The South Asian country has aggressively stepped up purchases of Russian oil and coal since the war in Ukraine began

The move would be a blow to Chinese companies such as Xiaomi, according to a report by the Bloomberg News

They colluded to raise prices and restrict supplies for years, which included regularly inspecting one another to ensure there is no breach of the agreements