CCI Probes Asian Paints for Position Abuse on Grasim’s ComplainÂ
The Competition Commission of India (CCI) has initiated an investigation into Asian Paints over allegations of anti-competitive practices, based on a complaint filed by Grasim Industries, part of the Aditya Birla Group. The CCI has ordered the Director General to investigate and submit a report within the 90 days, mentioning there was no need to…
Sumit
Swadeshi Brands That Are Truly Timeless
Historically, the Swadeshi movement started from Town Hall, Calcutta (now Kolkata) on 7 August 1905 to curb British products and improve the dependency on domestic production. Decades after the Swadeshi movement, the country is pushing hard to find economic footing. Nowadays, buying local products is an idea of contributing to the nation’s development. For the…
Yash Sharma
Reliance Retail Acquires 54% Shares in Addverb For ₹ 983 Cr.
Reliance Retail Venture Ltd., the retail unit of Reliance Industries Ltd., has now acquired 54% stakes in Robotic Company, Addverb Technologies for ₹ 983 Cr. ($ 132 million approximately). Before this, Reliance has picked 25.5% stacks worth in Dunzo for $240 million. With this, the company is expecting business extension in Europe and US and…
John David