New Delhi, July 13 (IANS) The Competition Commission of India (CCI) on Monday imposed a total penalty of Rs 142.37 crore on HP India Sales Private Limited and 21 of its resellers in two separate orders after finding them guilty of cartelisation and bid rigging in government procurement through the Government e-Marketplace (GeM).In one order, the fair trade regulator imposed a penalty of Rs 126.87 crore on HP India and a combined penalty of around Rs 1.22 crore on five of its resellers for indulg…
Latest Competition Act News & Updates
New Delhi, July 13 (IANS) The Competition Commission of India (CCI) on Monday imposed penalties totalling more than Rs 14 crore on HP India and 16 of its resellers for engaging in anti-competitive practices related to the sale and supply of printer consumables, including toner cartridges and other supplies used with printing hardware.In an order issued under Section 27 of the Competition Act, 2002, the competition watchdog imposed a penalty of Rs 11.98 crore on HP India and a combined penalty of…
New Delhi, July 10 (IANS) The Forum for Internet Retailers, Sellers and Traders (FIRST) — an association of online retailers under the India SME Forum — has approached the Competition Commission of India (CCI) alleging that Flipkart engaged in predatory and discriminatory business practices that distorted competition on its marketplace, according to a report.NDTV Profit reported that according to the complaint, FIRST alleged that Flipkart’s GST avoidance created a pool of nearly Rs 3,000 crore…
New Delhi, Feb 4 (IANS) The Competition Commission of India (CCI) on Wednesday ordered a detailed investigation against IndiGo over allegations of unfair business practices, more than two months after the airline cancelled thousands of flights due to major operational problems.IndiGo currently dominates India’s domestic aviation market with over 65 per cent share. In December, the Air India Group increased its market share to 29.6 per cent, while Akasa Air’s share rose to 5.2 per cent.Both a…