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)
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As well as making the lives of millions of middle class Indians easier, the sharp drop in Brent crude prices since June is a boon for Prime Minister Narendra Modi in his fight to revive an economy growing at its slowest rate since the 1980s. Full Article