Exchange: NSE·Updated 04:00 PM GMT+5:30
News
all
press releases
Lucky numbers and collusion: How an Indian cement cartel came unstuck
A five-year probe uncovered a decade of price collusion by Indian cement companies. Dalmia Bharat, Shree Digvijay, and India Cements allegedly fixed prices for ONGC tenders. Evidence includes communications and admissions. The Competition Commission of India is investigating. Firms face potential fines up to three times profits or 10% of turnover annually.
cityfalcon.com
More News
Shree Digvijay Cement Panel Issues Recommendations on India Resurgence Open Offer
An update from Shree Digvijay Cement Co. Ltd. ( ($IN:SHREDIGCEM) ) is now available. Shree Digvijay Cement Company Limited has informed the exchang...
cityfalcon.com
Tejas Networks, Indo Farm, Everest Industries Among Top Analyst Stock Picks This Week
Technical charts point to strong momentum in Tejas Networks, Everest Industries, Indo Farm, and Shree Digvijay Cement.
Stocktwits
CCI directs UltraTech, two others to give financial statements
The Competition Commission of India (CCI) has instructed UltraTech, India Cements, Dalmia Cement (Bharat) Limited, Shree Digvijay Cement, and their executives to provide audited financial statements following a complaint by ONGC alleging cartelisation in tenders. The CCI's investigation suggests an anti-competitive agreement affecting competition in the Indian market.
cityfalcon.com
Cartel probe: CCI seeks 9 years of financial records from UltraTech, Dalmia Bharat, others; flags ONGC tender cartelisation
India's Competition Commission (CCI) is scrutinizing UltraTech Cement, Dalmia Bharat, and Shree Digvijay Cement for potential competition violations in ONGC tenders. Following a DG report, the CCI has directed the companies to submit detailed financial records, income tax data, and revenue details related to the alleged cartel activities. Failure to comply may result in penalties.
cityfalcon.com

Advertisement|Remove ads.