Investigation
Companies

CCI Probing Fragrance Giants Givaudan, Firmenich, IFF: Report

The report states that CCI initiated the probe in August after a company approached it under its leniency programme

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Food & Beverage.

Income Tax Dept Finds Hidden Sales Worth Rs 408 Cr By Restaurants

During the exercise, it was found that several restaurants were engaged in the deletion of bulk bills and other modifications to suppress the actual sales

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Brands Companies Consumer

UltraTech Denies CCI Investigation Reports

UltraTech notes that it is not under investigation before the Competition Commission of India (CCI) and has not received any order from the CCI in this case number 35 of 2020

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Brands Companies Consumer

Asian Paints Reviewing CCI Order, To Take Legal Recourse

Asian Paints states that the company remains committed to fully cooperating with the Competition Commission of India (CCI) during the investigation

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Brands Companies Food & Beverage. News

Worm In Cadbury Chocolate Goes Viral, Company Responds To Consumer Complaint

Robin Zaccheus, a Hyderabad resident, saw a live worm moving in a bar of Cadbury Dairy Milk Chocolate he purchased from a shop near Ameerpet metro station on Friday. In a post on X, formerly known as Twitter, Robin shared a video of the worm-infested chocolate bar as well as the receipt for the Rs […]

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Companies Finance Government News

Shree Cement Hit with Rs 4,000 Cr Tax Fine In Mega Evasion Case

The Income Tax department reportedly levied a Rs 4,000 crore fine on Shree Cement following a survey indicating improper claims of Rs 8,500 crore over nine years. Conducted at five locations in June last year, the survey focused on deductions under section 80IA of the Income Tax Act from April 2014 to March 2023, as […]

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Brands Companies News People

PMLA Case: Vivo Executives In ED Grip, Patiala House Court Extends Custody By 2 Days

The Patiala House Court on Tuesday extended the Enforcement Directorate custody of three Vivo-India executives by two days. The executives are being investigated for money laundering in connection with the Chinese smartphone maker and others. The three accused, including the interim CEO, were freshly arrested by the Enforcement Directorate (ED) in an ongoing investigation related […]

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Companies Electronics Government National News

Indian Govt To Investigate Vivo For Alleged Financial Irregularities

The Ministry of Corporate Affairs (MCA) is likely to investigate Chinese smartphone manufacturer Vivo under a Serious Fraud Investigation Office (SFIO). Vivo has already been accused by the Enforcement Directorate (ED) of laundering, a leading media house reported on Saturday from people familiar with the matter. The ministry has instructed Vivo’s regional director to conduct […]

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