Competition Commission of India (CCI) on September 24 has imposed penalties of around ₹900 crore on three beer-making companies also as their trade association All India Brewers’ Association (AIBA) for cartelisation. The antitrust body during a statement said that SABMiller India (makers of foster beer), United Breweries (makers of Kingfisher beer) and Carlsberg India were indulging in cartelisation within the sale and […]
Tatas Submit Bid For Air India Sale
The government is predicted to finish the bidding process of debt-laden national carrier Air India on Wednesday (September 15). Tata Sons has apparently submitted its bid for the sale. Air India received financial bids (including Tata’s) for its disinvestment process, Finance Ministry said. “Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding […]
Afghan Economic Meltdown Would Be “Gift For Terrorists”: UN Chief
United Nations: UN Secretary-General Antonio Guterres appealed on Friday for an injection of money into Afghanistan to avoid an economic meltdown that might spark a “catastrophic” situation for the Afghan people and be a “gift for terrorist groups.” His remarks come after his special envoy on Afghanistan, Deborah Lyons, warned the safety Council on Thursday that the freezing of billions of […]