Search result for 'cartels'

CCI chief Ravneet Kaur highlights the potential for AI to enable collusion and algorithmic discrimination, urging regulators to adopt a forward-looking approach and trust-based regulations.

A CAG report on Delhi's 2021-22 excise policy highlights the risks of monopolies and brand pushing, with just 3 wholesalers controlling over 71% of liquor supply. The report also flagged the...

The DGGI, Pune Zonal Unit, has unearthed a massive GST fraud involving multiple private firms and fake ITC transactions worth Rs 1,196 crore, leading to the arrest of one individual.

Union Minister Gadkari highlights the issue of cartels in the steel & cement industry, urging for FRP as a cost-effective alternative to break their hold and boost infrastructure development.

India's Petroleum Minister Hardeep Singh Puri predicts oil market stability with increased production from the US, Canada, and other western countries. He expects OPEC+ to review production cuts...

CAIT and AIMRA accuse Flipkart, Amazon of predatory pricing, creating a grey market for mobile phones, leading to tax losses for India.

BJP MP Brijmohan Agrawal urges Chhattisgarh govt and Centre to intervene and rollback the steep hike in cement prices, citing impact on infrastructure projects and PM Awas Yojana.

The Competition Commission of India (CCI) is notifying new merger control regulations, including deal value-based threshold for notifying transactions.

The National Company Law Appellate Tribunal dismissed Sundaram Brake Linings' appeal against the CCI order, finding evidence of cartelisation in tenders for Indian Railways.

India has auctioned 91 coal mines for commercial use, expecting over Rs 33,000 crore in annual revenue. The auctions aim to boost economic growth and energy security.

The Coal Ministry refutes claims that West Bengal Power Development Corporation Limited was illegally barred from participating in coal auctions, clarifying its stance on allotment and bidding...

OPEC+ members, including Saudi Arabia and Russia, extend voluntary oil production cuts, deepening reductions by 2.2 million barrels a day. The move aims to balance the oil market, but analysts...

Medellin's tourism boom faces a dark side with killings of tourists and Colombian women after dating app encounters, highlighting sex trafficking and safety concerns.

Indian and Hong Kong customs uncover a major money laundering scheme involving synthetic diamonds and Hong Kong-based exporters. The scheme used overvalued imports and dummy firms to launder money.

India's chief economic advisor believes a global oil price spike is unlikely to significantly impact the country's growth in FY25, citing factors like economic slowdown and geopolitical conflicts.

Angola has left OPEC after disagreements over production cuts, citing no benefit from membership. The move follows OPEC's decision to lower Angola's production quota.

Kinnow growers in Punjab are facing low prices despite a bumper yield, with farmers receiving Rs 6-10 per kg, compared to Rs 20-25 last year. They are demanding government intervention to fix a...

The COP28 climate summit is facing a stalemate over fossil fuels, with some countries pushing for a phase-out while others resist. The final agreement remains uncertain as negotiators scramble to...

COP28 negotiations face roadblocks on fossil fuel phase-out and adaptation funding as pressure mounts to avert climate disaster.

OPEC urges members to block any fossil fuel phase-out language at COP28, sparking controversy as negotiators push for ambitious climate action.

Saudi Arabia extends its oil production cut through Q1 2024 in an effort to raise prices, despite OPEC+ reductions failing to achieve the desired outcome. The move benefits US drivers with lower...

OPEC+ members struggle to agree on oil production cuts as prices fall despite efforts to prop them up, impacting economies and the global oil market.

OPEC+ nations are struggling to agree on oil production cuts despite falling prices, raising concerns about their ability to influence the market.

The Competition Commission of India (CCI) will conduct a pan-India market study on the cement sector to ensure fair competition and consumer benefits in this critical industry.

India, the world's third-largest energy consumer, is closely monitoring the global energy situation amidst geopolitical crises, Oil Minister Hardeep Singh Puri said, expressing hope of navigating...