competition commission

Bank employees to go on strike Aug 22-23


August 21st, 2012 - 8:07 pm ICT by IANS
New Delhi, Aug 21 (IANS) A section of employees of the government-run banks plan to go on two-day country wide strike beginning Wednesday to protest proposed amendments in banking regulation ... Read more...

Posted in Business |

Employees Provident Fund approves Reliance-Nippon stake deal


August 7th, 2012 - 6:27 pm ICT by IANS
New Delhi, Aug 7 (IANS) The Employees Provident Fund Organisation (EPFO) Tuesday gave its nod to the 26 percent stake sale by Reliance Capital Asset Management Company to Japan's Nippon ... Read more...

Posted in Business |

Shree Cement penalized Rs.397.51 crore for monopolistic practices


July 30th, 2012 - 8:20 pm ICT by IANS
New Delhi, July 30 (IANS) The Competition Commission of India (CCI) Monday found 11 cement manufacturers and the Cement Manufacturers Association contravening the provisions of the Competition Act through monopolistic ... Read more...

Posted in Business |

Government panel wants natural resources’ auction, SC told


July 11th, 2012 - 9:57 pm ICT by IANS
New Delhi, July 11 (IANS) NGO Centre for Public Interest Litigation (CPIL) Wednesday told the Supreme Court that while the government was resisting auctioning of natural resources, its own high-powered ... Read more...

Posted in Business |

Competition panel launches fresh enquiry against Google


July 9th, 2012 - 7:42 pm ICT by IANS
New Delhi, July 9 (IANS) The Competition Commission of India has launched an enquiry against the search engine Google for abuse of dominant position and anti-competitive practices.The competition watchdog has ... Read more...

Posted in Business |

Pakistani daily seeks fair banking practices


July 4th, 2012 - 12:35 pm ICT by IANS
Islamabad, July 4 (IANS) A panel has revealed price collusion in ATM usage and a Pakistani daily now wants more vigilance since "there are all manner of small fees and ... Read more...

Posted in South Asia |

Rs.6,000 crore penalty on 11 cement firms for price fixing (Lead)


June 21st, 2012 - 8:52 pm ICT by IANS
New Delhi, June 21 (IANS) The Competition Commission of India (CCI) Thursday imposed a hefty penalties amounting to over Rs.6,000 crore ($1.1 billion) on 11 cement companies including Ambuja Cements, ... Read more...

Posted in Business |

Competition panel levies Rs.6,000 crore penalty on cement firms


June 21st, 2012 - 6:29 pm ICT by IANS
New Delhi, June 21 (IANS) The Competition Commission of India (CCI) Thursday imposed penalties amounting to over Rs.6,000 crore ($1.06 billion) on 11 cement companies including Ambuja Cements, ACC, Ultratech ... Read more...

Posted in Business |

Windmill makers in Tamil Nadu accused of opaque pricing


June 15th, 2012 - 12:44 pm ICT by IANS
Chennai, June 15 (IANS) The Tamil Nadu Spinning Mills Association (TASMA) has decided to approach the Competition Commission of India if windmill makers failed to provide the capital expenditure break-up ... Read more...

Posted in Business |

Reliance Capital gets regulator’s nod to sell stakes to Nippon Life


June 13th, 2012 - 8:49 pm ICT by IANS
Mumbai, June 13 (IANS) Reliance Capital Wednesday said it has got market regulator Security and Exchange Board of India's approval to sell 26 percent stake in its mutual fund business, ... Read more...

Posted in Business |

Indian aviation sector in critical phase: IATA (Lead)


March 15th, 2012 - 8:19 pm ICT by IANS
Hyderabad, March 15 (IANS) The situation in the Indian aviation sector is critical and there is an urgent need to address the problems, the head of an international carriers' trade ... Read more...

Posted in Business |

Railways appeals single judge’s order on competition panel


February 28th, 2012 - 8:51 pm ICT by IANS
New Delhi, Feb 28 (IANS) The Indian Railways Tuesday moved the Delhi High Court against the order of a single judge that held that Competition Commission of India (CCI) is ... Read more...

Posted in Business |

‘More stringent laws against cartelisation needed’


February 14th, 2012 - 12:38 am ICT by IANS
Kolkata, Feb 13 (IANS) Competition watchdog,he Competition Commission of India (CCI) is in favour of more stringent laws against formation of cartels as it affects consumers' interest. "Cartelisation can become ... Read more...

Posted in Business |

India needs to rebuilt its telecom narrative (Comment)


February 6th, 2012 - 12:02 pm ICT by IANS
Telecom sits on the top of the incredible India story. But the mess, evident in the award of second generation (2G) licences, shows how at least six principal characters worked overtime ... Read more...

Posted in Uncategorized |

Court refuses to stay probe against chess federation (Lead)


November 22nd, 2011 - 10:35 pm ICT by IANS
New Delhi, Nov 22 (IANS) The Delhi High Court Tuesday refused to impose a stay on its earlier order asking the Competition Commission of India (CCI) to probe allegations that ... Read more...

Posted in Uncategorized |

Misleading ads: Agency might monitor and act


October 16th, 2011 - 5:51 pm ICT by IANS
New Delhi, Oct 16 (IANS) Flooded with growing consumer complaints over misleading advertisements, especially relating to health and nutritional benefits and the get-rich schemes, the government is planning an investigating ... Read more...

Posted in Business |

Competition check for FDI in pharma will help consumers: CUTS


October 11th, 2011 - 6:26 pm ICT by IANS
New Delhi, Oct 11 (IANS) The government's decision to keep a check on the flow of foreign direct investment (FDI) and mergers and acquisitions in pharmaceutical sector will benefit ... Read more...

Posted in Business |

Competition watchdog approves Danone’s acquisition of Wockhardt arm


September 18th, 2011 - 4:25 pm ICT by IANS
New Delhi, Sep 18 (IANS) The Competition Commission of India (CCI) has approved the proposed acquisition of the nutrition business of pharmaceuticals firm Wockhardt by global dairy major Danone.The deal ... Read more...

Posted in Uncategorized |

DLF scrip plummets day after Rs.630 crore fine


August 17th, 2011 - 3:16 pm ICT by IANS
Mumbai, Aug 17 (IANS) A day after the competition watchdog imposed a Rs.630 crore fine on real estate major DLF for unfair business practices, the company's scrip tumbled close to ... Read more...

Posted in Business |

24 commodities dearer in Pakistan in Ramzan’s first week


August 7th, 2011 - 6:45 pm ICT by IANS
Islamabad, Aug 7 (IANS) The prices of 24 essential commodities have gone up across Pakistan in the first week of Ramzan, affecting the poor and middle-class people the most, a ... Read more...

Posted in World |

India to liberalise merger and acquisition norms


June 23rd, 2011 - 9:16 pm ICT by IANS
Mumbai, June 23 (IANS) India will further liberalise norms to facilitate mergers and acquisitions that have been one of the biggest contributors to the country's industrial expansion, an official said ... Read more...

Posted in Business |

New merger regulations welcome but don’t fulfill all needs: CII


May 22nd, 2011 - 5:26 pm ICT by IANS
New Delhi, May 22 (IANS) The Confederation of Indian Industry (CII) said Sunday it appreciated the new mergers and acquisitions regulations released by the competition watchdog, but added they rules ... Read more...

Posted in Business |

Airlines asked to explain on price hike by May 25


May 14th, 2011 - 4:41 pm ICT by IANS
New Delhi, May 14 (IANS) Officials of the Competition Commission of India (CCI) will meet private airline officials May 25 to seek their explanation on the sudden hike in fares ... Read more...

Posted in Business |

Airlines quizzed on fare hike during Air India stir


May 13th, 2011 - 7:08 pm ICT by IANS
New Delhi, May 13 (IANS) The Competition Commission of India (CCI) Friday met representatives of private airlines seeking an explanation for the sudden hike in fares during the 10-day strike ... Read more...

Posted in Uncategorized |

New merger, acquisition norms unveiled; to take effect from June 1


May 11th, 2011 - 8:06 pm ICT by IANS
New Delhi, May 11 (IANS) The competition watchdog Wednesday notified new merger and acquisition norms, making it mandatory for large corporates to seek its approval before going in for high-value ... Read more...

Posted in Uncategorized |

Murdoch, Exor considering joint bid to buy F1


May 4th, 2011 - 3:13 pm ICT by ANI
London, May 4(ANI): Multi-billionaire tycoon Rupert Murdoch's media group, News Corporation, and an Italian-based industrial holding company controlled by the Agnelli family, Exor, have said that they are planning a joint bid ... Read more...

Posted in Sports |

Ecclestone rules out any chance of successful Murdoch F1 bid


April 30th, 2011 - 6:46 pm ICT by ANI
London, Apr 30(ANI): Formula One chief Bernie Ecclestone has said that multi-billionaire tycoon Rupert Murdoch's media group, News Corporation, would effectively be blocked from buying his racing series due to an agreement ... Read more...

Posted in Sports |

Govt. committed to bring fair merger, acquisition regime for economic growth: Deora


April 21st, 2011 - 10:38 pm ICT by ANI
New Delhi, Apr 21 (ANI): Union Minister of Corporate Affairs Murli Deora on Thursday said that the Competition Commission of India (CCI) will soon finalise regulation on mergers and acquisitions that may ... Read more...

Posted in National |

Competition panel will block monopolistic mergers: Deora


April 21st, 2011 - 5:11 pm ICT by IANS
New Delhi, April 21 (IANS) The Competition Commission of India (CCI) will soon finalise regulation on mergers and acquisitions that will help block deals that may create monopoly in the ... Read more...

Posted in Business |

‘Merger regulations needed to protect consumers’


April 14th, 2011 - 9:16 pm ICT by IANS
New Delhi, April 14 (IANS) Proper norms are needed to regulate mergers and acquisitions to avoid monopolistic situations in the market and protect the interests of consumers, advocacy group Consumer ... Read more...

Posted in Business |

Merger regulation could impede economic growth: CII


April 4th, 2011 - 4:39 pm ICT by ANI
New Delhi, Apr. 4 (ANI): Expressing concern about the notification of provisions of the Competition Act 2002 relating to regulation of mergers, CII said, "The move is ill-timed given the present economic ... Read more...

Posted in Business |

Onion, cement price hike under competition panel’s scanner


February 21st, 2011 - 8:38 pm ICT by IANS
Chandigarh, Feb 21 (IANS) The Competition Commission of India (CCI), constituted to promote consumer welfare through fair competition in markets, has received various complaints pertaining to the sudden rise in the prices ... Read more...

Posted in Business |

Professional course on competition policy launched


January 29th, 2011 - 6:12 pm ICT by IANS
New Delhi, Jan 29 (IANS) With the enactment of the Competition Act and the flurry of cases the regulator is handling, a Delhi-based research institution has launched two courses in the areas ... Read more...

Posted in Business |

Murdoch waits for Ofcom report on BSkyB deal


December 31st, 2010 - 10:49 am ICT by ANI
London, Dec. 31 (ANI): Media baron Rupert Murdoch and his News Corporation are reported to be waiting anxiously for media regulator Ofcom to rule on whether his proposed eight billion pound buyout ... Read more...

Posted in Business |

No hearing needed before ordering unfair trade practices probe


September 9th, 2010 - 11:06 pm ICT by IANS
New Delhi, Sep 9 (IANS) The Supreme Court Thursday held that the Competition Commission of India (CCI) could order preliminary enquiry against a company allegedly engaged in unfair trade practices without affording ... Read more...

Posted in Business |

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