CCI Approves Coromandel's Stake Acquisition in NACL
The Competition Commission of India has approved Coromandel International Limited’s proposed acquisition of equity shares in NACL Industries Limited. Coromandel, a public listed agri-solutions provider, operates in crop nutrition, crop protection, active ingredients, and retail.NACL Industries, also a listed firm, offers a range of crop protection products including insecticides, fungicides, and herbicides. The acquisition aims to enhance Coromandel’s presence in the agrochemical sector. A detailed order is awaited. ..
CCI Fines Publishers' Body Again for Anti-Competitive Practices
The Competition Commission of India (CCI) has penalised the Federation of Publishers’ and Booksellers’ Association in India (FPBAI) and three office-bearers for indulging in anti-competitive conduct. This includes fixing inflated conversion rates for imported books and journals, enforcing pricing terms on its members, and promoting only its approved suppliers to institutions. These practices violate Sections 3(3)(a), 3(3)(b) and 3(1) of the Competition Act.Despite an earlier cease and desist order from CCI, old circulars related to discount restrictions remained online and unwithdrawn. Con..
South West Pinnacle Wins Rs 30 Cr Oman Mining Contract
South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..
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