Cartelisation

Top Court To Hear Cement Manufacturers Case Against Rs 6,300 Crore Penalty

India News | Indo-Asian News Service | Friday October 5, 2018

The Supreme Court on Friday asked eight cement manufacturing companies to deposit 10 per cent of the penalty amount imposed on them by the Competition Commission of India (CCI) allegedly for resorting to cartelisation for manipulating the cement prices.

Jet Airways, IndiGo, SpiceJet Fined For Fixing Fuel Surcharge Rates

Business | Thomson Reuters | Wednesday March 7, 2018

CCI noted that "the airlines acted in a concerted manner" in fixing and revising the fuel surcharge rates, which are a component of freight charges.

Ensure Safety Of Customers' Lockers: RBI To Banks

Business | Press Trust of India | Tuesday August 8, 2017

The Competition Commission of India (CCI), in May, received a complaint alleging cartelisation among banks in respect of providing locker services to customers.

Reliance Jio vs Airtel, Vodafone, and Idea as IMG Panel Looks Into Telecom Sector Woes

Press Trust of India | Tuesday June 13, 2017

Reliance Jio is accusing incumbents of milking the sector using borrowed money, while the older players blamed Jio's free voice and data offerings for financial woes of the sector.

Reliance Jio Accuses Airtel, Vodafone and Idea Of Cartelisation

Business | Press Trust of India | Monday June 12, 2017

In a presentation to the inter-ministerial group, Jio said smaller operators are in financial distress because of actions of incumbent ones such as Airtel, Vodafone and Idea.

Airtel's 'Fastest Network' Claim Misleading, Alleges Jio

Business | Tuesday March 21, 2017

Mukesh Ambani-owned Reliance Jio has been at war with most of the incumbent telecom providers for what it calls "cartelisation" to ward off competition even before its commercial launch.

India Cements Gets Stay On CCI Order

Business | Press Trust of India | Monday November 28, 2016

CCI in its order imposed a penalty of Rs 6,715 crore on 11 cement companies, including India Cements Ltd and Cement Manufacturers Association, for cartelisation.

Fair Trade Regulator Fines Cement Firms Rs 6,320 Crore For Price Fixing

Business | Reuters | Wednesday August 31, 2016

The Competition Commission of India (CCI) has imposed a Rs 6,320 crore ($944 million) fine on 10 cement companies and a trade body for price fixing, the Ministry of Corporate Affairs said a statement.

Government Orders Crackdown On Hoarders After Pulses Race To Rs 200 Per Kg

India News | Press Trust of India | Thursday June 16, 2016

With pulses prices rising unabated, the government today asked central security agencies, including Intelligence Bureau and Directorate of Revenue Intelligence, to "pull up the socks" to curb cartelisation and ensure there is no artificial rise in prices of lentils.

Tribunal Stays Competition Commission Fines on IndiGo, SpiceJet

Business | Press Trust of India | Tuesday February 9, 2016

Competition Appellate Tribunal today stayed penalties totalling Rs 106 crore imposed by fair trade watchdog CCI on leading carriers IndiGo and SpiceJet for alleged cartelisation in fixing fuel surcharge on air cargo.

Competition Watchdog 'Examining' Fresh Complaint Against Cement Makers

Business | Press Trust of India | Friday December 18, 2015

The Competition Commission of India (CCI) is examining a fresh complaint of alleged unfair business practices made against cement makers, chairman Ashok Chawala said on Friday.

Cement Industry Welcomes Tribunal Verdict Quashing Penalty

Business | Press Trust of India | Friday December 11, 2015

Cement industry on Friday welcomed the verdict of Competition Appellate Tribunal (Compat) setting aside the Rs 6,316.59-crore penalty imposed on 11 cement firms by fair trade regulator Competition Commission of India (CCI) on cartelisation charges.

Compat Quashes CCI's Rs 6,316 crore Penalty on Cement Firms

Business | Press Trust of India | Friday December 11, 2015

In a major verdict, the Competition Appellate Tribunal today set aside Rs 6,316.59 crore penalty imposed on 11 cement firms by CCI on cartelisation charges and asked the fair trade regulator to hear the matter afresh.

Competition Commission Imposes Rs 258 Crore Fine on Jet Airways, IndiGo, SpiceJet

India News | Press Trust of India | Wednesday November 18, 2015

Clamping down on unfair business practices in the aviation sector, Competition Commission today slapped penalties totalling Rs 258 crore on Jet Airways, IndiGo and SpiceJet for cartelisation in fixing fuel surcharge for transporting cargo.

Fair Trade Regulator Imposes Rs 258 Crore Fine on Jet Airways, IndiGo, SpiceJet

Business | Press Trust of India | Wednesday November 18, 2015

Clamping down on unfair business practices in the aviation sector, Competition Commission on Tuesday slapped penalties totalling Rs 258 crore on Jet Airways, IndiGo and SpiceJet for cartelisation in fixing fuel surcharge for transporting cargo.