The Competition Commission of India (CCI) has taken to task Hyundai Motor India for not conforming to the provisions of Competition Act, 2002, slapping fines worth $66m on the South Korean automaker. Two other automakers, namely, Mahindra ...
Tags: Hyundai Motor, Electric Car
Indian fair trade watchdog, Competition Commission of India (CCI) has approved the proposal of Reliance Industries to sell 49 per cent stake in a newly-formed textile firm to Chinese company, Shandong Ruyi. “The Commission is of the ...
Tags: Reliance Industries, Shandong Ruyi
The Competition Commission of India (CCI) has announced that it has approved the proposed merger between Indian steelmakers Uttam Galva Steels Limited (UGSL) and Shree Uttam Steel and Power Limited (SUSPL). The CCI stated that the ...
Tags: steel, metallurgy
Eleven cement companies will be forced to make a provision of Rs 669 crore in the June quarter for the Rs 6,698-crore penalty levied on them by the Competition Commission of India. In the cement price cartelisation case, the Supreme Court ...
Tags: Cement, Construction, Decoration
The planned sale of stake in Future Generali India Life Insurance Company to Industrial Investment Trust Ltd (IITL) has received approval from fair trade regulator Competition Commission of India (CCI). The approval was granted after a ...
Tags: Service
The Competition Commission of India (CCI) has approved Warren Buffett's Berkshire Hathaway and 3G Capital proposed acquisition of American food company HJ Heinz. CCI said that the transaction is not likely to have any adverse effect on ...
Tags: Berkshire Hathaway, 3G Capital's Acquisition, Agriculture
The Competition Commission of India (CCI), the country’s fair trade regulator, has closed the case against the Coimbatore-based textile machine maker Lakshmi Machine Works (LMW). The case against LMW was filed by Shahi Exports ...
Tags: CCI, textile machine maker, LMW
Business Line reported that the Competition Commission of India has given its approval to the acquisition of Future group's Pantaloon brand business by Aditya Birla Nuvo. Aditya Birla Nuvo Ltd, through a subsidiary, had proposed to acquire ...
Tags: Competition Commission of India, Future group, Pantaloon, retail
Cement prices in India have dropped around 6% since June this year. The dip in cement prices can be attributed to a slowdown in construction and the Competition Commission of India (CCI) order that penalized 11 cement companies, accusing ...
Tags: cement prices, India, June, dip
Business Line reported that the Competition Commission of India has dismissed a complaint by Bangalore based Minerals Enterprises Ltd alleging abuse of dominant position by Indian Railways in transportation of iron ore. Minerals ...
Tags: Competition Commission, India, Minerals Enterprises, Indian Railways
Business Standard reported that amid allegations of monopolization of chrome ore trade leveled by the All Odisha Steel Federation against state controlled miner Odisha Mining Corporation, the Odisha government has informed the Competition ...
Tags: chrome ore, chrome ore trade, ore, sponge iron
The Competition Commission of India (CCI) has approved Japanese underwriter Nippon Life's bid to acquire 26% stake in Reliance Capital's mutual fund arm RCAML. The INR14500m ($265m) worth deal is believed to be the largest Foreign Direct ...
Tags: CCI, Nippon Life, R-Cap
The Competition Commission of India (CCI) has approved Nestlé's proposed acquisition of Pfizer Nutrition business. CCI said that considering the instance that Pfizer is not involved in the Indian nutrition marketplace, it is not ...
Tags: acquisition, nutrition marketplace, business of nutrition
PTI reported that the Competition Appellate Tribunal adjourned the hearing till January over SAIL’s plea questioning the maintainability of a petition related to supply of rails by the steel maker to the Indian Railways. A 3 member ...
Tags: Sail Plea, Appellate Tribunal, supply of rail, steel
Business Line reported that the Competition Commission of India may soon get more teeth, if the Government has its way. In a move to grant direct powers to the fair trade regulator, the Government is considering vesting its chairperson ...
Tags: Cci Panel, India, Competition Commission of India, fair trade regulator