-PTI Competition watchdog CCI has imposed Rs 317 crore in penalties on three companies, including agro-chemicals major United Phosphorus, for collusive bidding to supply ALP tablets to Food Corporation of India (FCI).  The aluminium phosphide (ALP) tablet manufacturers -- United Phosphorus, Excel Crop Care, and Sandhya Organics -- have been fined 9 per cent of the their three years' average profits.  ALP tablets are used by the FCI for preserving its central pool...

-PTI   The Competition Commission of India (CCI) today imposed a penalty of Rs 165.58 crore on 48 LPG cylinder makers for forming a cartel while bidding during the tenders floated by Indian Oil in 2010-11. The competition watchdog imposed the penalty after finding them guilty of manipulating the bids and quoting "identical rates in groups through an understanding and collusion action". The ruling was based on the findings of the CCI's Director General...

India's competition regulator Competition Commission of India has absolved sugar manufacturing associations and their members of cartelisation and price manipulation charges.  Earlier, the competition regulator had sent a notice to sugar mills associations and their members charging them of cartelisation and price manipulation. The suo motu action charged Indian Sugar Mills Association (Isma), National Sugar Mills Co-operative Federation, and some private sugar firms of cartel violation.  However, the sugar associations and companies...

-The Times of India   The Competition Commission of India (CCI) has given an assurance that as a regulator, it is committed to discharging its legal mandate on any anti-competitive behaviour by potential entrants arising from the government's decision to raise the FDI limit to 51% in multi-brand and 100% in single brand retail. This statement is expected to soothe the nervousness of those with genuine concerns about the adverse competitive implications...

Caught in the middle of a maelstrom of controversies, the Planning Commission has been accused of being disconnected from ground realities. Its 12th Plan hopes to fix that. A short while ago, the Congress general secretary and scion of the Nehru-Gandhi dynasty, Rahul Gandhi, remarked that members of the Planning Commission are not in touch with the ground realities in India. He could have been somewhat influenced by his father, former...