Cci Penalty News
NCLAT sets aside Rs 87 cr CCI penalty on Hyundai Motor India for allegedly adopting unfair business ways
CCI had in June last year imposed a fine of Rs 87 crore on Hyundai Motor for allegedly forcing dealers to procure spare parts, accessories and all other requirements, either directly from Hyundai Motor or through vendors approved by it.
Shares of India Cements fell by 3.29 percent, UltraTech Cement dropped 2.39 percent, Ambuja Cements 1.50 percent, Grasim Industries 1.31 percent, JK Lakshmi Cement 1.26 percent and ACC 0.28 percent on BSE.
NCLAT stays Competition Commission's Rs 136 cr penalty on Google in search bias case; hearing on 28 May
The Competition Commission of India (CCI) in February this year had imposed a fine of Rs 136 crore on search engine major Google for unfair business practices in the Indian market for online search.
CCI imposed Rs 39.81 crore fine on Jet Airways while the penalties on InterGlobe Aviation and SpiceJet are Rs 9.45 crore and Rs 5.10 crore, respectively