The Monopolies and Restrictive Trade Practices Commission, which is inquiring into the Rs 2,300 crore (Rs 23 billion) takeover of Air Sahara by Jet Airways, has forwarded the case to the director general (investigations and registrations
The Director General (investigations and registrations) will issue a notice to Jet Airways shortly
During a hearing before the Monopolies and Restrictive Trade Practices Commission (MRTPC) last month Bharti Airtel, Vodafone Essar, Reliance Communications, Tata Teleservices, and government-run BSNL and MTNL agreed to submit the undertaking.
The slugfest between BCCI and rival ICL has taken a new twist, with anti-monopoly watchdog MRTPC initiating an investigation against the cricket board.
Admitting a report of MRTPC's investigative unit DGIR, a Bench of the quasi-judicial body, headed by Justice O P Dwivedi, issued 'notice of enquiry' and started judicial inquiry against these operators for cartelising and increasing prices of telecom services simultaneously. Admitting a report of MRTPC's investigative unit DGIR, a Bench of the quasi-judicial body, headed by Justice O P Dwivedi, issued 'notice of enquiry' and started judicial inquiry against these operators.
The director general of investigations and registration, in its 30-page report submitted to MRTPC, said that industry body CMA was instrumental in fixing prices in the sector.
MRTPC has suspected cartelisation amongst low-cost fliers over fixing of air fairs. It has called for a probe into the matter.
The investigative arm of the country's anti-monopoly watchdog has recommended action against two multinational banks for making false promises to their credit card customers and violating the Reserve Bank of India guidelines.
Puzzled by the way banks levy differing 'floating interest rates' from new and existing customers, the fair trade practices body MRTPC has initiated a probe into how lending institutions arrive at these rates.Monopolies and Restrictive Trade Practices Commission feels that the practice of banks using low interest rates to woo new customers while forcing the old ones to pay higher rates was discriminatory and restrictive under the MRTP Act.
India's anti-monopoly watchdog has launched a judicial probe against ABN-Amro Bank after a preliminary investigation found the lender engaging in deceptive practices in its credit cards business.
The Monopolies and Restrictive Trade Practices Commission on Friday issued a notice of inquiry to HDFC Bank for not preventing direct selling agents from making false promises to its credit card customers.
There is fear amongst various lobbies with Jet Airways having taken over Air Sahara.
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