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CCI to probe carmakers

CCI in June had levied a record fine of more than $1.1 billion on 12 of the country's biggest cement companies for price fixing

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The Competition Commission of India (CCI) is investigating anti-competitive practices by carmakers, corporate affairs minister Sachin Pilot said in a written reply in parliament on Monday.

The three-year-old CCI, which has become increasingly assertive, in June levied a record fine of more than $1.1 billion on 12 of the country's biggest cement companies for price fixing.

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SpiceJet raises Rs 126 cr from Kalanithi Maran

Budget-carrier SpiceJet today said it has raised Rs 126.5 crore through issue of securities to promoter Kalanithi Maran.

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