Cci

  • Ponzi schemes: Lawmakers quiz regulators, ministry officials 4 days ago

    New Delhi: Lawmakers on Thursday quizzed officials of RBI, SEBI and the government about the steps being taken to avoid recurrence of fraudulent money-pooling activities like Saradha scam. The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or...
  • Tesco gets CCI approval for Trent stake purchase May 28, 2014

    Fair trade regulator CCI has cleared British retail major Tesco's purchase of a 50 per cent stake in Tata Group firm Trent Hypermarket, the first FDI transaction in multibrand retail since the sector was opened up in 2012. The approval by the Competition Commission of India (CCI) comes when a political...
  • PSU banks need to free themselves from government influence: Raghuram Rajan May 20, 2014

    New Delhi: Pitching for greater operational flexibility to public sector banks, Reserve Bank Governor Raghuram Rajan on Tuesday said that they can become more competitive by distancing themselves from government influence. "If public sector banks become competitive, and especially if they do so by distancing themselves from the influence of...
  • Competition Commission orders fresh probe against Google May 14, 2014

    New Delhi: The Competition Commission has ordered a fresh probe against Internet major Google for alleged abuse of its dominant position in the online search advertising space. The fair trade watchdog is already probing the Internet major for alleged anticompetitive business practices. The latest order came on a complaint by one...
  • CCI orders probe against Indian Railways, IRCTC March 13, 2014

    The Competition Commission has ordered an investigation against Indian Railways and its arm IRCTC for alleged unfair practices related to compulsory sale of food to travellers on some trains and ticket booking. This is the second major probe by the fair trade watchdog against a central government enterprise, after Coal India. The...
  • Capital market, financial sector reforms on unveil, says P Chidambaram November 29, 2013

    Exuding confidence that growth rate will climb to 6 per cent next year, Finance Minister P Chidambaram on Friday said government will in next 6 months liberalise capital markets and financial sector to help economy return to high growth trajectory. Unveiling UPA government's agenda for the remaining six months of its...
  • Australian team arrives in India, holds first training session October 6, 2013

    Mumbai: The Australian cricket team on Sunday sweated it out at the Cricket Club of India in their first training session ahead of the sevenmatch ODI series against India that will be preceded by the lone Twenty20 game at Rajkot on October 10. The ODI rubber commences on October 13 in...
  • MCA objects to matches being directly allotted to CCI October 1, 2013

    Mumbai: The longstanding tussle between the Mumbai Cricket Association and the Cricket Club of India, both affiliated units of the BCCI, came to the fore at last Sunday's AGM of the Board following a suggestion to allot international matches directly to CCI. "There was a suggestion from the chair (BCCI chief...
  • CCI seeks information from state govts as onion prices soar September 22, 2013

    With onion prices continuing to rule high across the country, fair trade regulator CCI is seeking information from state governments to check whether market entities are indulging in cartelisation. Competition Commission of India (CCI), which keeps a tab on anti-competitive practices, is looking into the issue of persisting high prices of...
  • RBI adopted balanced approach in policy review, says Montek Singh Ahluwalia September 20, 2013

    Planning Commission Deputy Chairman Montek Singh Ahluwalia on Friday said that the RBI's mid term monetary policy statement reflects "balanced" approach to deal with "worrisome" inflation and slacking growth. Reserve Bank, in its mid term review of the monetary policy on Friday, decided to hike short term policy rate by 0.25...
  • CCI to probe Coal India fuel pact with sponge iron makers September 12, 2013

    New Delhi: Fair trade regulator CCI has ordered a probe into the allegations that state-run Coal India and its subsidiaries abused dominant market position in supplying fuel to sponge iron manufacturers. The probe against the country's largest coal miner comes on a complaint filed by Sponge Iron Manufacturers Association. Finding prima...
  • FM for reviving animal spirits, starting stalled projects June 6, 2013

    Mumbai: Asking India Inc to revive its "animal spirits", Finance Minister P Chidambaram on Thursday announced setting up of a committee headed by Anil Swarup to restart 215 large projects worth over Rs 7 lakh crore that have been stalled for various reasons. "After extensive discussions today, the Prime Minister has...
  • Sebi, CCI seek clarity on JetEtihad deal May 23, 2013

    New Delhi: Abu Dhabi carrier Etihad's Rs 2,058crore stake purchase in Jet Airways has hit a regulatory air pocket, as regulators are seeking more clarity on the deal to ensure overall competition in the aviation market is not affected and interests of public shareholders and consumers are protected. ...
  • Cabinet clears NTPC power project in Jharkhand February 21, 2013

    New Delhi: The Cabinet Committee on Investment (CCI) on Wednesday approved the setting up of the 1,980 MW North Karanpura Super Thermal Power Plant in Jharkhand by the National Thermal Power Corporation (NTPC). A power ministry statement in New Delhi said the CCI also agreed to restore the original coal linkage...
  • Kingfisher crisis pushing up airfares: CCI December 31, 2012

    New Delhi: Suspension of flights by crisishit 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...
  • Govt clears panel to clear mega projects, calls it CCI December 13, 2012

    New Delhi: Seeking to remove investment bottlenecks and promote growth, the government on Thursday decided to set up a Cabinet Committee on Investment (CCI) to accord singlewindow approval to mega projects of over Rs 1,000 crore. "The proposal to set up Cabinet Committee on Investment, headed by Prime Minister, to...
  • CCI honours Tendulkar on its 75th annivesary November 23, 2012

    Mumbai: The Cricket Club of India (CCI), which changed its rules in the 1980s to let a then 14yearold Sachin Tendulkar use its dressing room, honoured the senior batsman as part of its 75th anniversary celebrations at the Brabourne Stadium here. The 39yearold became nostalgic at a function here last evening...
  • Vishnu scrapes past Ashwin to enter 2nd round October 23, 2012

    Mumbai: Top seed J Vishnu Vardhan had to dig deep into his reserves to overcome a spirited challenge from a rival placed 500 places below him and enter the singles second round in the USD 15,000 CCIITF men's Futures tennis tournament on Tuesday. Vishnu, who took part in singles as well...
  • Rs 72.5 lakh CCI penalty on Kingfisher set aside August 31, 2012

    New Delhi: The Competition Appellate Tribunal has set aside a penalty imposed by Competition Commission of India (CCI) on Kingfisher Airlines, which was charged with not furnishing certain information during a probe into a strategic pact announced with Jet Airways in 2008. The airline, part of Vijay Mallya-led UB Group, had...
  • India antitrust body investigating Google August 14, 2012

    New Delhi: India's antitrust regulator has launched a probe against Google Inc over alleged anti-competitive practices by the US Internet search giant, following a complaint by a consumer advocacy group, a federal minister said on Monday. The Competition Commission of India (CCI) has received information about contravention of an Indian competition...
  • Cement stocks slide on CCI penalty June 22, 2012

    Mumbai: Cement stocks, including those of ACC and Ambuja today lost ground, falling up to 6.3 per cent after competition watchdog CCI slapped a hefty Rs 6,307 crore penalty on 11 companies for price cartelisation. Shares of ACC tanked 5.17 per cent to Rs 1,191, while Ambuja Cements lost 5.18 per...
  • CCI fines 11 cement firms over Rs 6,000 crore June 21, 2012

    Mumbai: The Competition Commission of India (CCI) imposed a $1.1 billion fine on Thursday against 11 cement companies for price-fixing, in the largest-ever penalty ordered by the increasingly assertive regulator. The CCI said the companies colluded to push prices higher by underutilising their plants and creating an artificial shortage of cement,...
  • CCI orders probe in Google's AdWords programme May 7, 2012

    New Delhi: Competition watchdog CCI has asked its investigation arm to probe the alleged discriminatory practices by global search engine Google relating to its AdWords, sources said. The investigation, according to sources, was ordered after the Competition Commission of India (CCI) found "prima facie evidence" that Google has abused its...
  • Probe ordered into 'cartelisation' by airlines May 10, 2011

    New Delhi: Competition watchdog CCI has found prima-facie evidence of cartelisation by private airlines to take advantage of strike by pilots of national carrier Air India. "The CCI has prima-facie found evidence of anti-competitive agreement by private airlines in jacking up prices. An investigation has been...
  • Legends' presence a boost for Indian snooker January 21, 2011

    Jimmy White and Stephen Lee are among those rubbing shoulders with young Indian players at the CCI Invitational event. ...