EU regulators look to streamline antitrust rulesUnder the rules, known as Regulation 1/2003, the European Commission has taken on Alphabet units Google, Apple, Amazon, Meta, Microsoft, an...
31 Mar, 2022, 04.17 PM IST
EU fines BMW and Volkswagen Group $1 billion over emission cleaningThe EU executive said the trio had colluded on technical development in the area of nitrogen oxide cleaning, but Daimler was not fined beca...
08 Jul, 2021, 04.08 PM IST
EU fines UBS, Nomura, UniCredit $452 million over bond cartelThe European Commission said the European government bond cartel ran from 2007 to 2011, with traders from the banks informing each other on...
21 May, 2021, 08.56 AM IST
Can CCI be more agile like its EU and US counterparts in disposing of cases?The recommendations made by the Competition Law Review Committee could make the CCI more effective.
25 Nov, 2019, 09.59 AM IST
Citigroup, JPMorgan among banks fined $1.2 billion in forex probeFive banks agreed to pay EU fines of about $1.2 billion for colluding on forex trading strategies.
16 May, 2019, 04.07 PM IST
When a corporate crosses the line! Some instances of penalties handed by the EUThe EU slapped a €2.42 bn antitrust fine on Google for abusingits monopoly over internet searches. Here are a few others.
30 Jun, 2017, 11.04 AM IST
Google executives hunker down for fight with EU as fines loomA penalty in the shopping-search probe could come within weeks and many expect it to exceed a $1.2 billion fine on Intel Corp in 2009.
18 Jun, 2017, 12.55 PM IST
Philips, LG Electronics, 4 others fined 1.47 billion Euros for EU cartelTwo Panasonic joint ventures were also fined. Taiwanese firm Chunghwa Picture Tubes blew the whistle on the cartel and was escaped a fine.
05 Dec, 2012, 06.13 PM IST
- Libor rate rigging scandal: Banks face penalties worth $22 billion
Twelve global banks involved in the Libor rate-rigging scandal may face up to a combined $22 billion in penalties and damages.
14 Jul, 2012, 12.21 AM IST
- EU fines 11 airlines 800 million euros for air cargo cartel
The 11 cargo carriers coordinated their action on surcharges for fuel and security without discounts over a six-year period.
10 Nov, 2010, 03.36 AM IST
- EU fines ArcelorMittal, 16 others for cartelisation
ArcelorMittal was imposed the largest individual fine -- over 230 million euro. In total it slapped a fine of over 458 million euros.
07 Oct, 2010, 04.39 PM IST
- EU fines 10 memory chip producers $403 mn
The European Union has fined 10 producers of memory chips a combined euro331 million ($403 million) for colluding in a price-fixing cartel.
19 May, 2010, 04.03 PM IST
- EU fines 9 companies over wax cartel
The European Union on Wednesday imposed one of its highest ever cartel fines on a `paraffin mafia'' accused of fixing prices and markets fo...
01 Oct, 2008, 05.56 PM IST
- Air New Zealand receives EU inquiry in air freight cartel probe
Air New Zealand is one of 25 airlines that have received a Statement of Objection from the European Union over a probe into an alleged carg...
27 Dec, 2007, 11.52 AM IST
- EU slaps fines on 5 chemical giants
European Union regulators slapped five companies, including DuPont and Dow Chemical, with $358 million in fines on Wednesday for fixing the...
06 Dec, 2007, 02.45 AM IST
- EU fines Siemens, Areva, Alstom for price fixing
European authorities fined Siemens, Areva, Alstom, Schneider Electric and six competitors 750.7 million euros ($976.6 million) for fixing p...
25 Jan, 2007, 01.19 AM IST
- EU slaps $400m fine on 30 cos in copper scandal
EU regulators on Wednesday fined 30 companies e314.7m ($399.4m) for taking part in a copper fittings cartel - its fifth largest ever such f...
21 Sep, 2006, 04.26 AM IST