ONGC cancels jack-up rig tender over cartelisation fears, flags 60% spike in bid pricesState-run ONGC has cancelled a tender for jack-up rigs due to concerns over unusual price hikes and bid patterns, suspecting collusive prac...
ONGC rig pricing veto may tighten fuel tapIndia's offshore drilling sector is facing a significant challenge. Oil and Natural Gas Corporation (ONGC) has cancelled multiple tenders f...
Election loss for Hungarian Prime Minister Orban has ripple effects for Trump, US conservativesThe defeat of Hungary’s Prime Minister Viktor Orbán has drawn attention in the U.S. due to his close alignment with Donald Trump and his in...
ONGC floats $20 billion global tender for deepwater rigsOil and Natural Gas Corporation plans a massive oil exploration program. The company will spend between $18 to $20 billion to hire deep-wat...
Lucky numbers and collusion: How an Indian cement cartel came unstuckA five-year probe uncovered a decade of price collusion by Indian cement companies. Dalmia Bharat, Shree Digvijay, and India Cements allege...
Vedanta Group's Cairn Oil & Gas seeks global partners for $5 bn expansion, invites bids for Gujarat gas outputCairn Oil & Gas, part of Vedanta Group, has invited global partners to participate in multiple projects under its $5 billion investment pla...
CCI penalises 24 entities, individuals for bid rigging in Indian Railways tendersAs many as 11 entities and 14 individuals of these entities were found to have violated competition norms. Out of these 25, the regulator d...
JK Tyre, others firms face antitrust scrutiny in bid-rigging caseThe Competition Commission of India (CCI) last year ordered a probe after Haryana said JK Tyre employed unfair trade practices while biddin...
CCI dismisses bid rigging allegations against Hitachi Sytems, IL&FS TechnologiesThe ruling comes following a complaint filed by Reprographics India against the companies alleging that in the entire bidding process, both...
Bid rigging: CCI slaps Rs 12 crore fine on coal transportation companiesAfter a detailed investigation on a complaint filed by Western Coalfields, the regulator found that these entities indulged in bid rigging.
ONGC expensive rig hiring plans trigger speculationONGC is in the process of hiring expensive high specification rigs for jobs that can be done by the much cheaper standard rigs, triggering ...
Government examining CAG report on irregularities in ONGC hiring rigThe company drilled seven ultra-deep wells using DDKG-1 rig till December 2010. Of these seven well, three were appraisal wells, drilled to...
CAG hauls up ONGC for hiring a 2nd rig from RelianceCAG has hauled up state-owned explorer ONGC for hiring a drilling rig from Reliance Industries without bidding and for no pressing reason.
- CCI looks at possible bid rigging in public procurement orders
Fair trade regulator Competition Commission of India is looking at possible bid-rigging activities in certain public procurement contracts.
CAG hauls up ONGC for hiring RIL drilling rig without biddingCAG has hauled up state-owned oil explorer ONGC for hiring a deep-sea drilling rig from Reliance Industries without calling for competitive...
- CCI finds rampant bid rigging in govt depts
Some of the departments that have fallen under the CCI’s radar for lack of competitive best practices include the Indian Railways and coal ...
- Oakland says to sue leading banks over collusion
The Californian city of Oakland said on Tuesday it would sue leading financial institutions.