CCI slaps Rs 215 cr fine on Eveready, Indo National, others, for unfair biz ways

作者:Alexis 時間:2018-04-22 14:38:08 標籤: 分類:

Fair trade regulator CCI today imposed a total fine of Rs 215 crore on Eveready, Indo National, industry grouping AIDCM and their officials for cartelisation in pricing of zinc carbon dry cell batteries.

Invoking leniency provisions, the Competition Commission reduced the quantum of penalties on Eveready, Indo National as well as their officials. The fine has been completely waived off in the case of Panasonic Energy India, which was also involved in anti-competitive practices.

In a 39-page order, the watchdog has penalised Eveready and Indo National, which owns the brand 'Nippo' and Association of Indian Dry Cell Manufacturers (AIDCM) to the tune of nearly Rs 215 crore.

date = new Date(); date.setTime(date.getTime()+(1*24*60*60*1000)); $.cookie("dfp_cookie_article", "Y1", {expires: date,path:"/",domain: ".moneycontrol.com"});

The amount includes fines on officials of the two companies as well as that of the industry grouping. "From the evidence collected in the case, CCI found that the three battery manufacturers, facilitated by AIDCM, had indulged in anti-competitive conduct of price coordination, limiting production/ supply as well as market allocation," an official release said.

date = new Date(); date.setTime(date.getTime()+(1*24*60*60*1000)); $.cookie("dfp_cookie_article", "Y1", {expires: date,path:"/",domain: ".moneycontrol.com"});

related news

Cognizant completes acquisition of Bolder Healthcare Solutions

TCS Q4: Investments in digital paying off, BFSI challenges to end next fiscal

ATM cash crunch Live: RBI and Govt mismanaged currency distribution, says Yashwant Sinha

The fines imposed on Eveready and Indo National have been reduced by 30 per cent and 20 per cent, respectively, under the leniency provisions.

Eveready Industries India has to pay a fine of Rs 171.55 crore while the penalty on its officials is Rs 53.41 lakh. In the case of Indo National, the fine is Rs 42.26 crore on the company and Rs 29.57 lakh on the officials. The regulator has imposed a penalty of Rs 1.85 lakh on AIDCM and Rs 16.09 lakh on its officials.

The matter was taken up suo-moto by the Competition Commission of India (CCI).

It was also observed that the anti-competitive conduct of the entities was continuing from 2008 to 2016, as per the release.

However, Section 3 of the Competition Act pertaining to .

本文來源:https://www.moneycontrol.com/news/business/cci-slaps-rs-215-cr-fine-on-eveready-indo-national-others-for-unfair-biz-ways-2552855.html

Apr. 10th 2016

如何選擇美容機構

美容

我們在選擇美容減肥機構之前,就應該更充分了解美容機構好不好的問題,比如美哪家美容中心好。

Apr. 15th 2016

食療養生

養生

如何進行正確的食療養生呢?一個最簡單的方法就是要保持健康的材料,只有食材健康,其他的都會隨之而來應對。

Apr. 18th 2016

台灣旅遊

旅遊

台灣的阿裏山的風俗習慣依然保留着中國清朝等古代的風俗習慣,並且還擁有美麗的日月潭、花蓮海等等知名景點。

Apr. 20th 2016

金融管理人才

金融

一個成功的企業家往往也可以被稱之為半個金融學管理人才,在很多的優秀企業的老闆中,有很大一部分都是懂得金融管理的。