https://www.taxtmi.com/news?id=17298 CCI found three firms guilty of coordinated market allocation and collusive bidding in Indian Railways tenders for Brushless DC fans, based on exchanged pricing instructions, frequent calls among key personnel, and an admission by one firm. The Commission imposed monetary penalties on the firms and on persons-in-charge, using profit multiples, turnover percentages and averaged personal income as bases, and granted a reduced penalty to a cooperating firm under the Lesser Penalty regime. en-us Fri, 20 Jan 2017 10:24:46 +0530 Fri, 20 Jan 2017 10:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17298 CCI found three firms guilty of coordinated market allocation and collusive bidding in Indian Railways tenders for Brushless DC fans, based on exchanged pricing instructions, frequent calls among key personnel, and an admission by one firm. The Commission imposed monetary penalties on the firms and on persons-in-charge, using profit multiples, turnover percentages and averaged personal income as bases, and granted a reduced penalty to a cooperating firm under the Lesser Penalty regime. News - Fri, 20 Jan 2017 10:24:46 +0530 https://www.taxtmi.com/news?id=17298