Law

CCI probe indicts UltraTech in ONGC tender cartelisation case

IANS | July 4, 2025 8:14 PM

New Delhi, July 4 (IANS) The Competition Commission of India (CCI) has directed Aditya Birla Group company UltraTech, which owns India Cements, and two other cement manufacturing companies as well as their executives to submit financial documents, after its Director General’s investigations revealed that these companies contravened competition norms by colluding in the tenders floated by public sector oil giant ONGC.

FEMA penalty: SC rejects Lalit Modi's plea demanding BCCI indemnify him

IANS | June 30, 2025 2:47 PM

New Delhi, June 30 (IANS) The Supreme Court on Monday refused to entertain a plea fled by former IPL head Lalit Modi seeking a direction to the BCCI (Board of Control for Cricket in India) to pay a penalty of Rs 10.65 crore imposed on him for alleged violation of the Foreign Exchange Management Act (FEMA).