Suspension of flights by crisis-hit Kingfisher Airlines may be a possible reason for soaring airfares, although there is no evidence as yet of any price cartelisation among the carriers, fair trade regulator Competition Commission has said. "If there was indeed a cartel, which is formed to make disproportionately high profits, the airlines would not have been making losses. But, the fact is none of them is making profits, so you...
02:40 AM, Dec 31, 2012
Mumbai: Superstar Shah Rukh Khan finds the ongoing controversy regarding the number of screens alloted for the release of his film 'Jab Tak Hai Jaan' and Ajay Devgn's 'Son of Sardar' "silly and strange" and insists that it is a free market and not "monopolistic". Ajay Devgn Films Pvt Ltd (ADF) had moved the Competition Commission Of India (CCI) claiming that Yash Raj Films (YRF) was using its dominant position...
06:44 PM, Nov 06, 2012
New Delhi: It is a verdict that could bring some order to one of India's most disorganised sectors. The Rs 630 crore penalty imposed on real estate giant DLF will relieve customers, who say sale agreements are heavily tilted in favour of the builder. Head-Buyer Association at Dlf Park Place Harsh Sehgal said, "If I have to buy an apartment, I have to sign on dotted line. I have no...
07:16 AM, Aug 18, 2011
New Delhi: iPhone and iPad maker Apple Inc has come under the scanner of the Competition Commission of India for allegedly limiting the availability of its products to a few service providers using its dominant market position. A customer has filed a complaint before the Commission under section 4 of the Competition Act 2002 that Apple is curbing the customer's choice by limiting the availability of iPhones and iPads in...
07:32 PM, Jun 20, 2011
