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

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..