Competition Commission of India to probe carmakers
MUMBAI (Reuters) - The Competition Commission of India (CCI) is investigating anti-competitive practices by carmakers, corporate affairs minister Sachin Pilot said in a written reply in parliament on Monday.
The three-year-old CCI, which has become increasingly assertive, in June levied a record fine of more than $1.1 billion on 12 of the country's biggest cement companies for price fixing.
(Reporting by Aditi Shah; Editing by Dan Lalor)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Investors in India's markets are betting that Finance Minister Arun Jaitley will persuade a more hawkish central bank to reduce benchmark interest rates as early as next week. Full Article