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Detailed stories on technology startups, business and economic current affairs.

Around 2008, global prices of nickel and zinc started going up sharply. For the leading Indian dry cell battery manufacturers, Eveready Industries India Ltd, Indo National Ltd (Nippo) and Panasonic Energy India Co. Ltd, this meant a spike in input costs. Following a series of meetings, key executives from the companies decided to hike prices in tandem. In order to give the appearance it wasn’t a concerted action it was decided that Eveready, the market leader, would make a disclosure about the price hike to the stock exchange, which would be the cue for the other two companies to follow …