This investigation stems from allegations of these companies, along with others like Dubai's Aramex and some domestic firms, manipulating charges collectively and controlling customer discounts in violation of Indian antitrust laws.
The CCI's inquiry, initiated in October 2022 following a complaint by the Federation of Indian Publishers, alleges that these companies exchanged sensitive information related to volumes, charges, and discounts for courier and storage services at airports. The evidence suggests they made joint decisions on rates, prompting the CCI's broader investigation.
The watchdog has begun reviewing an extensive volume of emails to delve into the fees charged by these companies for airport services. The preliminary assessment by the CCI indicates a possible sharing of commercially sensitive information among these firms to collectively determine tariffs.
Both FedEx and DHL have denied the accusations but expressed cooperation with the CCI, emphasizing their commitment to legal compliance. UPS also confirmed its cooperation with the ongoing, non-public investigation. Aramex and the Indian complainant did not respond to queries from Reuters.
If proven, cartel-like actions could lead to substantial fines, potentially three times the profit in each year the fee was fixed by the companies or 10% of annual revenue for each year of violation, whichever is higher.
Denne historien er fra January 06, 2024-utgaven av The Business Guardian.
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Denne historien er fra January 06, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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POLLUTION IMPACT NOT RESTRICTED TO DELHI ALONE: SISODIA
Aam Aadmi Party (AAP) leader Manish Sisodia on Monday put the blame on the Bharatiya Janata Party (BJP)-led central government over rising pollution in North India.
AAP blames officials for negligence
Amid worsening air quality in the national capital, Delhi Environment Minister Gopal Rai said that the meeting of senior officers of departments concerned at 12 noon for implementation of GRAP IV was rescheduled for later on Monday.
CM ATISHI HITS OUT AT CENTRE AS POLLUTION SOARS IN NORTH INDIA
Atishi slams the Centre for failing to tackle stubble burning, a recurring issue for five years.
LG orders staggered office hours
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Air purifier, mask sales up in Delhi-NCR
\"At this level, wearing an N95 mask is not an option but a necessity. Even healthy individuals can fall victim to health complications\"
Govt to act on 'odd-even' scheme based on expert advice
The scheme operates from 8 am to 8 pm, restricting vehicular movement based on this alternating pattern.
SC seeks explanation from Registry why counter affidavit tiled by non-party was accepted
The Supreme Court in the case Harmanpreet Singh v. State of Punjab observed and has sought an explanation from the Registrar (Judicial) how a party i.e., the complainant in the said case was able to file a counter-affidavit when its application filed seeking impleadment was not allowed by the Court.
SC Collegium recommends appointment of Justice D Krishnakumar as the Chief Justice of Manipur High Court
The Supreme Court Collegium bench led by CJI Sanjiv Khanna has on November 18, recommended the appointment of Justice D Krishnakumar as the Chief Justice of Manipur High Court.
Supreme Court dismisses plea for enquiry into Netaji Subhash Chandra Bose's death
The Supreme Court in the case observed and has dismissed the petition filed seeking inquiry into the death of Netaji Subhash Chandra Bose.
Delhi High Court directs RSY News to take down original videos of ANI in copyright infringement suit
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