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of <h1>CCI Fines Three Firms for Colluding in Indian Railways' 2013 Tenders, Violating Competition Act, 2002.</h1> The Competition Commission of India (CCI) penalized three firms for colluding in Indian Railways' 2013 tenders for Brushless DC fans. The firms engaged in bid rigging and market allocation, violating the Competition Act, 2002. Penalties imposed were Rs. 2.09 crores on one firm, Rs. 62.37 lakhs on another, and Rs. 20.01 lakhs on the third. Additionally, penalties were levied on individuals in charge of these firms. M/s Pyramid Electronics, which cooperated with the investigation, received a 75% penalty reduction. The penalties were based on factors like cartel duration and tender value, with reductions for cooperation in the investigation.
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