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TENDER CARTELS
Railway Board orders crackdown on tender cartelsIn a bid to enhance transparency, Indian Railways is intensifying its oversight on significant contracts. Vigilance teams will meticulously...- CBI books Tata Consulting Engineers, JNPT officials for alleged running of cartelAccording to a first information report (FIR) filed earlier this week, Sunil Kumar Madabhavi, the chief manager (PP&D) of JNPT at the time,...
- NCLAT dismisses Sundaram Brake's plea against CCI cease and desist order on railways tenderingThe National Company Law Appellate Tribunal (NCLAT) rejected Sundaram Brake Linings' plea challenging a cease and desist order issued by th...
- CCI penalises seven entities for bid-rigging in Indian Railways tendersUnder Section 46 of the Act, a cartel member may approach the Commission by way of filing an application seeking a lesser penalty, in retur...
- 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...
- CCI issues 'cease and desist' against 8 firms found guilty of cartelizationThe evidence included e-mails, call detail records, and statements of the representatives of the firms showing that the firms discussed qua...
- CCI working on tool to scrutinise tenders for detecting cartels: Sudhir MitalCompetition Commission of India (CCI) Chairperson Sudhir Mital said the regulator was working on a "digital screen-based cartel detection s...
- Leniency provisions 'fantastic' in acting against cartels: CCI chiefThe CCI chief said that initially, when the competition law was being implemented, entities left "smoking gun evidence" and many did not kn...
- Nepotism charges against Siddaramaiah refuses to die downReddy, however, pointed out that the tendering process by the Pradhan Mantri Swastya Suraksha Yojaya authorities running the hospital was i...
- CCI imposes Rs 671 crore penalty on four state-run insurance companiesCCI has imposed the highest penalty of Rs 250 crore on New India Assurance Company. United India Insurance Company faces Rs 156.62 crore pe...
- General insurers to challenge Rs 671-crore CCI penaltyStating that they will seek legal remedy, they termed the Competition Commission order as "surprising". These insurers also pointed out tha...
- CCI imposes penalty on pharma majors GlaxosmithKline and Sanofi IndiaCCI has imposed a Rs 60 crore penalty on pharma majors GlaxosmithKline and Rs 3 crore on Sanofi India for indulging in unfair trade practic...
- Cartels in procurement loot railways of Rs 10,000 crore a year: E SreedharanThe committee's final report, submitted on March 15, has recommended that the board should not take any commercial decision.
- Antitrust regulator CCI may be lenient on cartel whistleblowersPhoenix Conveyor Belt (India) disclosed existence of an alleged cartel in the segment, CCI could impose lesser penalty on the company.
- Rail brake manufacturers 'cartel' under CCI scannerThe complaint filed by Kapurthala Railway coach factory states the order is normally split between both suppliers to ensure uninterrupted s...
- Competition Commission of India may probe price-fixing in RCF tenderIndian subsidiaries of German braking system maker Knorr Bremse and French railway equipment maker Faiveley Transport have formed a cartel ...
- CCI rejects complaint of cartelisation in a railway tenderQuadrant EPP Surlon India had alleged that six entities acted as a cartel and enjoyed the ability to control the supply of bearings, among ...
- CCI slaps fine of 5% of turn over to PES Installations, MDD Medical System and Medical Product Services
- OC inflated overlay rates, favoured cartels: CAGThe Comptroller and Auditor General's audit of the Commonwealth Games has practically accused Surtesh Kalmadi of running propaganda through...
- Govts turn up the heat on business cartelsCartels are so unambiguously harmful that competition law and competition authorities, almost everywhere, reserve their strictest treatment...
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