IndiGo scrutiny: No decision yet on abuse of dominance probe, says CCI chief

Competition Commission of India (CCI) chairperson Ravneet Kaur said on Friday clarified that the probe was based on an initial assessment of information received by the regulator after flights cancellations. The regulator had decided to look into IndiGo’s operations following the recent flight disruptions that affected passengers across the country,Speaking to PTI, Kaur said specific…

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Shriram Finance inks pact with Japan’s MUFG Bank for investment of Rs 39,618 crore; MUFG to acquire 20% stake

Shriram Finance Limited (SFL) has entered into a definitive agreement with MUFG Bank Ltd., Japan’s largest bank and a part of Mitsubishi UFJ Financial Group (MUFG), for an investment of Rs 39,618 crore, the company informed stock exchanges in a regulatory filing on Friday.According to the filing, the Board of Directors of Shriram Finance approved…

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Boom or skewed spike? India’s exports to China jump 90% – but why there is little reason to cheer

According to GTRI, India’s trade relationship with China has entered a phase of sharp contrasts. (AI image) India’s exports to China surged 90% in November to hit $2.2 billion! However, the remarkable year-on-year spike masks the truth of how volatile India’s exports to China are, and the growing dependence on the neighbouring country for imports,…

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