Union Finance Minister Presides Over 16th Annual Day of CCI

23 May 2025 CW Team

Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presided over the 16th Annual Day commemoration of the Competition Commission of India (CCI) in New Delhi on 20 May 2025. She highlighted CCI’s crucial role in safeguarding liberalisation and promoting an environment where enterprises compete on merit, consumers have choices, and innovation is rewarded.

Smt. Sitharaman emphasised the importance of balancing regulatory vigilance with a pro-growth mindset to build a resilient, equitable, and innovation-driven economic framework aligned with India’s vision of Viksit Bharat 2047. She praised CCI’s firm enforcement against anti-competitive practices and commitment to enabling legitimate business conduct.

The Minister underscored the need for regulators to follow the principle of ‘minimum necessary, maximum feasible’ regulation and spoke on emerging challenges such as artificial intelligence and digital markets. The establishment of the Digital Markets Division and ongoing market studies on AI demonstrate CCI’s proactive approach.

The event included the release of CCI’s “Diagnostic Toolkit Towards Competitive Tenders for Public Procurement” and “FAQs on Combinations,” which address recent legislative changes and offer practical guidance on merger control.

CCI Chairperson Smt. Ravneet Kaur reflected on the Commission’s journey, its forward-looking regulatory approach, and its alignment with India’s economic and technological landscape.

Source:Press Information Bureau, Competition Commission of India

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..