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.
In August, CCI had slapped over Rs 6,700 crore of penalty on 11 cement firms including UltraTech, ACC, Ambuja, Ramco and JK Cement as well as the industry body Cement Manufacturers Association (CMA) for indulging in cartelisation.
In August, CCI had slapped an over Rs 6,700 crore penalty on 11 cement firms including ACC, Ambuja, Ramco and JK Cement as well as the industry body Cement Manufacturers Association (CMA) for indulging in cartelisation.
The Competition Commission of India (CCI) on Wednesday imposed Rs 6,700 crore penalty on 11 cement companies and their lobby group Cement Manufacturers Association (CMA) for alleged cartelization and price collusion.
At least two other orders passed by the Competition Commission of India (CCI) related to Coal India where the former did not impose any penalty have also been set aside.
The Competition Commission of India (CCI) in December had penalised Alkem Laboratories and its two officials for indulging in unfair business practices.
SpiceJet has said that Competition Appellate Tribunal has set aside CCI's order imposing a penalty against it in the case of alleged cartelisation in relation to cargo fuel surcharge.
This is seen as a victory for Dalmia Cement which had challenged the sale process.
The tribunal's decision follows an appeal filed by the airline against the CCI order passed in November 2015.
Compat, which hears appeals against rulings of fair trade regulator Competition Commission of India (CCI), comes under the Corporate Affairs Ministry.
In an order issued last December, competition commission of India (CCI) penalised Alkem Laboratories and its two officials for indulging in unfair business practices. On an appeal filed by the company, the tribunal has stayed the order
CCI had imposed this penalty after Thomas Cook bought a 9.93 percent stake in Chennai-based Sterling Holidays from the open market just days before seeking the fair trade watchdog's approval for Rs 870-crore merger
DLF is already under the scanner of the Competition Commission of India (CCI), which earlier this year ordered two separate probes against the realty company.
Century Textiles & Industries Ltd on Monday said it has posted a net loss of Rs 29.01 crore for the quarter ended June 30, 2015.
The Competition Commission of India (CCI) has ordered two fresh probes this month against DLF, finding the company to have prima-facie abused its dominant position relating to the two different residential projects in Gurgaon.
DLF had earlier challenged an order passed by the Competition Commission of India (CCI), while it also appealed against an order passed by capital markets regulator Sebi against it last year.
At 11:26 hrs DLF was quoting at Rs 143.20, up Rs 1.45, or 1.02 percent on the BSE.
It is a huge win for customers, the realty major will be submitting undertaking of interest of 9 percent on Rs 630 crore fine and will pay Rs 50 crore of penalty within 3 weeks, says the apex court.
In 2011, CCI had found DLF violating fair trade norms and abusing its dominant position and imposed a penalty of Rs 630 crore.
The CCI has imposed a penalty of Rs 2544.64 crores on 14 auto companies for distorting fair competition and charging arbitrary and higher prices for spare partsd
On February 26, the tribunal had stayed the penalty subject to CIL depositing Rs 50 crore in three weeks' time. The company has already deposited the money.
Hearing an appeal filed by CIL today, Competition Appellate Tribunal said that status quo should be maintained until further orders regarding CCI's direction to modify fuel supply agreements and to cease and desist from unfair practices.
A former Air India ED has filed an appeal against the Competition Commission of India approval of the Jet-Etihad deal and accused the alliance of implementing the Commercial Cooperation Agreement before getting the CCI nod.
The Supreme Court has directed 11 cement companies to deposit Rs 630 crore with COMPAT
Competition Commission of India (CCI) has dismissed an appeal seeking anti-dominance sanctions against a new project of realty major DLF, saying it will not entertain any such plea merely on the basis of penalties imposed on the company's Belaire housing project.