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CCI’s case against ad agencies points to the persistence of cartels in Indian business

Impunity among companies to collude rises if laws are not enforced effectively, publicly and swiftly

Is SEBI right in broadening the Jane Street investigation?

SEBI is likely to investigate Jane Street trades, despite an earlier clean chit from the NSE, amid rising concerns of market manipulation. At stake is the integrity of India’s financial markets—and whether a billion-dollar trading cartel is pulling the strings.

Limited options for oil cartel after muted response to the production cut

The oil market is now in a critical phase. Producers have been cutting production but the oil price refuses to rise, resulting in losses for them

China's crisis gives OPEC an excuse to cut oil production

For the oil market, the key numbers to watch out for are the production cut by the oil cartel and the reduction in consumption in China

The oil market is on the verge of being set on fire

The cartel seems to be running out of spare capacity to increase oil production. This gets confirmed by the backwardation data, which shows a much tighter physical oil market.

The steel industry has formed a cartel: fact or fiction?

Nitin Gadkari believes the steel industry has formed a cartel that is hiking prices in a concerted manner. His call for regulatory action is worrying investors

Capital raised will be used to augment working capital: Goodluck

In an interview to CNBC-TV18, Ram Agarwal, CEO at Goodluck India spoke about the latest happenings in his company and sector.

Divided OPEC fails to agree on production ceiling

OPEC members failed to agree an oil production ceiling on Friday at a meeting that ended in acrimony, after Iran said it would not consider any production curbs until it restores output scaled back for years under Western sanctions

CCI rejects cartelisation charges against 12 banks

A complaint filed by Muthoot Mercantile, a gold financing firm, had alleged that the 12 scheduled commercial banks had entered into an anti-competitive arrangement to determine the price and control the gold loan business.

Mexico solid on drug fight, captures cartel boss: Obama

President Pena Nieto caused some concern in the United States by dialing back the aggressive campaign against drug trafficking pursued by his predecessor, Felipe Calderon, in favor of a policy emphasizing reducing violence.

No cartel on rate cut, but have to answer shareholders: SBI

It is not cartelisation or a wilful action on the part of banks not to pass cuts, said Diwakar Gupta, Managing Director, State Bank of India adding that there were several global banks which had net interest margins in the range of 3 percent.

CCI cautions against cartelisation, warns of severe penalty

The Competition Commission of India (CCI) has pulled up 11 cement companies for forming a cartel and has penalized them with a fine of around Rs 6,000 crore. The commission has asked the companies to pay up 50% of their FY10 profits as penalty.

CCI order on cement cos: Could it be a buying opportunity?

The focus will be on cement stocks today as the Competition Commission of India (CCI) is expected to announce the penalty for key companies in the sector for manipulating prices by forming a cartel.