This is a rundown of last week's updates on Antitrust:
CCI imposes penalties on seven for bid-rigging in Indian Railway Tenders
The Competition Commission of India (CCI) has imposed penalties amounting to almost Rs. 30 lakhs on seven entities including individuals for manipulating the bidding process of railway tenders and cartelisation. The CCI stated that these entities have formed a cartel in the supply of protective tubes to the Indian Railway and were engaging in anti-competitive practices like determination of prices,…