Competition Commission clears Shree acquisition of Jaiprakash unit
The Competition Commission of India (CCI) said it has approved a proposal of Shree Cement to acquire Jaiprakash Associates' 1.5Mta grinding unit in Haryana, saying the deal will...
Competition Commission Of India
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SC refuses to interfere with COMPAT order against Indian cement firms
The Supreme Court declined to interfere with the order of the competition tribunal directing 10 cement firms to deposit 10 per cent of the penalty of INR63bn (US$1.08bn) imposed...
CCI asked to provide details on cement cartel ruling, India
The Competition Appellate Tribunal (COMPAT) has asked the Competition Commission of India to submit fresh copies of its order levying over INR 6,300 crore (US$1.1bn)) in penalti...
Shree Cement to challenge CCI allegation
In an interview with CNBC-TV18, HM Bangur, Shree Cement’s managing director, said the company will challenge the fine imposed by India’s Competition Commission (CCI). Last month...
Shree Cement fined by regulator for price fixing, India
Shree Cement Ltd has been fined US$72m by the Competition Commission of India (CCI), the watchdog said in a statement, making it the 12th cement company to be fined for cartel p...
Moody's says CCI ruling to hurt Holcim & Lafarge
Moody's has said the Competition Commission of India's (CCI) decision to impose a penalty on 11 cement producers is 'credit negative' for global cement majors Holcim and Lafarge...
BNP Paribas maintains 'deteriorating' outlook on Indian cement sector
BNP Paribas has maintained its ‘deteriorating’ outlook on the Indian cement sector given its weak
Indian producers face alleged cartel fines
The Competition Commission of India (CCI) is expected to soon impose fines over alleged price collusion in the industry. According to local press reports, the CCI is expected to...
India: collusion ruling looms large over cement makers
Indian cement makers’ stocks fell on fears that the Competition Commission of India (CCI) will rule against the sector as it deliberates on whether companies have colluded to pu...