business

CCI slaps Rs 600 cr penalty on DLF

Competition watchdog CCI today imposed a penalty of around Rs 600 crore on realty major DLF for abusing its dominant market position. The penalty, which amounts to 7% of the company's average annual turnover of last three years, was imposed as DLF has been proven guilty of violating section 4(2) of the Competition Act, 2002, sources told PTI.

first published: Aug 16, 2011 02:40 pm