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The Chairperson of the Competition Commission of India (CCI) also emphasised that the regulator cannot take "one-size fits all" interventions in technological markets, which require nuanced assessment
Competition Commission has sought stakeholders' comments on draft leniency plus regulations that will offer incentives to companies already under probe for cartelisation for providing information about other cartels. As incentives, the entity giving information could get an additional reduction in monetary fine could be as much as 30 per cent with regard to the first cartel besides a reduction in penalty of up to 100 per cent in respect of newly disclosed cartels. The framework is designed to create an additional incentive for companies to cooperate with antitrust authorities in identifying and addressing cartel activities, ultimately promoting fair competition. The Competition (Amendment) Act, 2023 has introduced 'lesser penalty plus' and withdrawal of 'lesser penalty'/'lesser penalty plus' applications in the existing framework, to incentivise an existing LP applicant in respect of the first cartel to give full, true and vital disclosures about a second cartel unknown to the ...
Foreign companies operating in China say tensions with Washington over technology, trade and other issues and uncertainty over Chinese policies are damaging the business environment and causing some to reassess their plans for investing in the giant market. The results of surveys released Tuesday by the American Chamber of Commerce in Shanghai and by the European Union Chamber of Commerce in China largely concurred in appealing for greater certainty and clarity over China's stance toward foreign businesses. For decades, European companies thrived in China, benefitting from a stable and efficient business environment. However, after the turbulent past three years, many have reevaluated their basic assumptions about the Chinese market, Jens Eskelund, the EU Chamber's president said, in a letter that accompanied the report. Eskelund said that predictability and reliability had been undermined by erratic policy shifts, hurting confidence in China's growth prospects. At the top of a ...
Shuttered for security reasons, markets to miss weekend crowds
However, labour market prospects for the next six months seem stagnant as the majority of firms expect no change in the labour employed
Improving business sentiment has boosted the overall hiring demand which witnessed a 15 per cent year-on-year growth in April, led by banking, financial services and insurance sector
The labour participation rate picked up to 41.4 per cent from 40.5 per cent -- its highest in eight weeks
Does the nature of demand revival justify India Inc's business sentiment? How can healthtech startups benefit from Ayushman Bharat Digital Mission? What are bull and bear markets? Get all answers here
With Covid seemingly under control, does India Inc have reasons to be confident again? And, is the demand revival broad-based enough to justify positive business sentiment? Let's find out
Sentiments improved sequentially in Q2FY22 with regard to production, domestic sales, exports, new orders, imports of raw materials, and pre-tax profits
The sentiments in the real estate market had turned pessimistic during the April-June quarter because of the outbreak of the second wave of the Covid-19 pandemic
India Inc's business sentiments are drawing closer to pre-pandemic levels, hinting at a more robust performance in the next quarter, according to a survey by Grant Thornton Bharat
Service-sector sentiment also turned positive for the first time in five quarters, suggesting that the economic recovery was broadening
Business optimism has turned positive on a year-on-year basis for the ongoing quarter after witnessing negative growth throughout 2020, amid rising consumer demand, higher businesses transactions and normalisation of supply disruptions, according to a survey. The Dun & Bradstreet Composite Business Optimism Index stood at 79.9 for the first quarter of 2021, registering an increase of 26.8 per cent as compared to the year-ago quarter. Five out of six optimism indices have registered an increase as compared to the first quarter of 2020. The latest survey was carried out in December and covered 350 chief executive officers and managing directors. "The survey data indicates a positive upturn in GDP growth during January-March 2021. The latest Index reflects the optimism generated from green shoots of economic recovery and the deployment of COVID-19 vaccines from January 2021," said Dun & Bradstreet Global Chief Economist Arun Singh. Singh further said the surge in optimism is also
Hong Kong's 'law and order' was important for international businesses, a government official said on Monday
The CEOs, who took the poll, included representatives from across sectors like metals and mining, manufacturing and others
Latest quarterly survey shows capacity utilization improving, but firms worried over low profits, weak domestic demands and rising inflation
Ensure that experimentation is just as natural as looking at the financial numbers on a daily basis, Thomke tells Shubhomoy Sikdar
"The most prominent signs of trouble came from the new export orders and future activity indices, which respectively indicated tumbling global demand and softening domestic confidence," Kerr noted.
Budget was a disappointment for the market but why despite six previous flop shows, the business community had fervid belief that the seventh time would be any different?