New Delhi, April 19
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 of India (CCI) reduced the quantum of penalties on Eveready, Indo National and their officials. The fine has been completely waived in the case of Panasonic Energy India, which was also involved in anti-competitive practices.
In a regulatory filing, Eveready said it will take "appropriate action after examining the order fully". The matter was taken up suo moto by the CCI pursuant to an application filed by Panasonic Energy India in May 2016. — PTI
Most Read In 24 Hours
Don't Miss
View All
Top News
Supreme Court to deliver verdict on PILs seeking 100% cross-verification of EVM votes with VVPAT on Friday
A Bench of Justice Sanjiv Khanna and Justice Dipankar Datta ...
Deeply biased: MEA on US report citing human rights violations in India
The annual report of the State Department highlights instanc...
Couldn't talk due to strictness of jail authorities: Amritpal's family after meeting him in jail
Their visit comes a day after Singh's legal counsel Rajdev S...
Centre grants 'Y' category security to Phillaur MLA Vikramjit Chaudhary and 2 other Punjab Congress rebels
The Central Reserve Police Force has been directed by the Mi...
