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 govt is not keen to fill the vacancies as it will be replaced by the CCI. Officials say the government is not keen to fill the vacancies as the body will be replaced by the CCI. However, even after CCI is notified, the MRTPC will function for two more years to clear the cases it is hanling at present. The MRTPC is still taking fresh cases.
Monoplies and Restrictive Trade Practices Commission is all set to give a go-ahead to the biggest aviation deal in India.
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.
The Monopolies and Restrictive Trade Practices Commission has initiated two cases of unfair trade practice against low-cost carrier Spicejet.
Shortage of staff is preventing the Monopolies and Restrictive Trade Practices Commission from summoning over 140 B-schools to furnish details about their fee structure, faculty payments and tie-ups. The body issued notices to around 100 "defaulter" B-schools last week.
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.
Taking a suo motu action, the Monopolies and Restrictive Trade Practices Commission directed its investigation wing to probe the 'sudden' increase in air fares by airlines in unison, sources in the commission said. The Directorate General of Investigation and Registration, investigation wing, has been directed to submit its inquiry report within 60 days.
MRTPC has suspected cartelisation amongst low-cost fliers over fixing of air fairs. It has called for a probe into the matter.
The Monopolies and Restrictive Trade Practices Commission on Wednesday banned consumer electronics major LG Electronics from advertising its 'Mangal Hi Mangal Offer' gift scheme, saying the advertisement was "deceptive".
The Supreme Court on Friday stayed Delhi high court order directing Monopolies and Restrictive Trade Practices Commission to investigate allegations of financial irregularities by Star Plus television channel in its game show Kaun Banega Crorepati.
The Monopolies and Restrictive Trade Practices Commission on Thursday advised auto giants Maruti and Hyundai not to target each other in advertisements and asked Maruti to file its reply to a complaint filed by its rival carmaker.
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.
The MRTPC on Monday adjourned hearing on the petition by sportswear company Adidas seeking restrain on rival Nike's "misuse" of cricketer Sachin Tendulkar's images for promotions when not playing for the country.
The Monopolies and Restrictive Trade Practices Commission passed the direction on a complaint from a credit card customer of the bank that he was wrongfully billed for a cash withdrawal of Rs 16,000, although he had never used the card in an ATM.
The Monopolies and Restrictive Trade Practices Commission (MRTPC) had sent a letter to about half a dozen banks last month, seeking details on how they had determined the interest rate increases on their housing loans.
Adidas says the BCCI granted Nike only sponsorship and licensing rights and trademarks of the batsman only while playing for the country.
The Monopolies and Restrictive Trade Practices Commission has issued notices to mobile operators Bharti Airtel, Idea Cellular and Hutchison on a complaint over downloading of ring tones.
The Monopolies and Restrictive Trade Practices Commission has issued notice to Unit Trust of India on a complaint challenging UTI's decision to terminate its Children's Gift Growth Fund Unit Scheme, 1986, with effect from April 1, 2004.
TataSky contended before the Monopolies and Restrictive Trade Practices Commission that Dish TV was indulging in deceptive advertisements as the set-top boxes being given out by Dish TV were not for free and was in violation with the MRTP Act, 1969. Admitting the petition of the TataSky, a 80:20 joint venture between Tata Sons and broadcast major Star India, the MR in two weeks.
The Supreme Court on Wednesday reserved its judgement on petitions filed by Star, Sony and ESPN, which hold rights for content broadcast of major satellite channels.
The Supreme Court on Tuesday set aside an interim order of the MRTPC directing Star, Sony and ESPN to provide the signals of their satellite channels to Siti Cable, which has switched over to HITS-based transmission from the terrestrial mode.
When the Monopolies and Restrictive Trade Practices Commission shot off notices to 14 cement producers on July 25 for allegedly colluding to raise prices, it was New Delhi's latest flank against the industry.
As it battles pre-IPO hiccups in a volatile market, construction major DLF was caught on the wrong side, the second time in the last three months, by Monopolies and Restrictive Trade Practices Commission who found the builder guilty of "unfair trade
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.
Monopolies and Restrictive Trade Practices Commission on Thursday issued notice of enquiry against Monsanto and its fully owned Indian subsidiary Mahyco for ignoring its direction asking them to reduce the trait value of transgenic Bt cotton seeds.
India's anti-trust body CCI, which would ultimately replace MRTPC, is an independent body responsible for investigating mergers, market shares and conditions and the regulation of firms. Section 66 of the Competition Act deals with repealing and dissolution of the MRTPC Act, 1969. With the operationalisation of CCI, MRTPC was supposed to stop entertaining new cases and was to deal with pending cases for two years before being completely dissolved.
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 investigative arm of MRTPC has alleged flagrant flouting of the November 2005 RBI guidelines on credit cards by commercial banks like ICICI, HSBC and Citibank.
In a bid to penalise airlines that lure customers with low fares but retain the amount in case of cancellations, the country's anti-monopoly watchdog has issued notices to six carriers, including state-run Indian.
The commission has told SP Jain Management school to refund fees to student who later took admission in IIM-Lucknow.
Adidas argued that the Board of Control for Cricket in India granted Nike only sponsorship and licensing rights and to carry trademarks of the batsman only while playing for the country.
Telecom major Bharti Group Chairman and Managing Director Sunil Bharti Mittal denied any attempt on forming a cartel with other telecom players to distort competition. Bharti Airtel had received a 'notice of enquiry' by anti- monopoly watchdog MRTPC. Vodafone Essar and Idea Cellular too had received such notices. It was alleged that 3 GSM operators, by colluding, have simultaneously increased the price. Mittal said that MVNOs will not work in India due to existing tariffs.
The Delhi high court directed the Monopolies and Restrictive Trade Practises Commission on Friday to investigate accusation of financial bungling by the Star Plus channel in its KBC show.
The notice was issued on a plea by Dinesh Kumar Mittal, director of Indore-based Amit Securities, alleging the company cheated and induced its customers to purchase its Mercedes S-Class model.
MRTPC disposed of the one-year-old legal battle between the two auto giants, in which the Korean car maker accused MSI (formerly Maruti Udyog Ltd) of indulging in unfair trade practice by issuing "misleading" advertisements.
Anti-trust body MRTPC has issued a stern warning to ICICI Bank for selling insurance policies to its credit card holders without their consent and has asked it to stop the practice.MRTPC bench headed by Justice O P Dwivedi passed a cease and desist order and held it as an unfair trade practice to promote its business.
The investigation arm of the Monopolies and Restrictive Trade Practices Commission, the country's anti-trust body, has launched a probe against 10 cellular service providers, including state-owned ones, for allegedly charging customers for Short Message Services that are not delivered.
Alarmed by reports that credit card companies have collected over Rs 6,000 crore (Rs 60 billion) in a decade from customers by way of fines and late fee, India's anti- monopoly watchdog has ordered a probe into the fees levied by them.
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