CCI: HYUNDAI MOTOR INDIA FINED 87CR
Competition Commission of India (CCI) has imposed a penalty of Rs. 87 crore on Hyundai Motor India for unfair business practices with respect to providing discounts for cars.
In it order, the CCI asked the company to cease and desist from such anti-competitive practices.
It said, the company’s anti-competitive conduct include putting in place arrangements that resulted in resale price maintenance by way of monitoring of maximum permissible discount level.
It said, this was done through discount control and penalty mechanisms for non-compliance of the discount scheme.
The CCI said the company contravened competition law through arrangements which resulted into resale price maintenance and by mandating its dealers to use recommended lubricants and oils.:
EC DIRECTS FIR AGAINST TTV DINAKARAN, CM PALANISWAMI & OTHERS
Election Commission has directed registration of FIR against AIADMK leader TTV Dinakaran, Tamil Nadu Chief Minister EK Palaniswami, State Health Minister C Vijayabaskar and others in connection with the RK Nagar bypoll bribery case. According to a news agency report, the Commission’s direction came in response to an RTI query demanding probe into allegations of money distributed to voters for bypoll to the Assembly seat on 12th April. The incident came to light after a video went viral.
In a raid at AIADMK (Amma) faction leader Vijayabaskar’s residence, I-T officials had seized documents which showed that close to 90 crore rupees was distributed to voters in R K Nagar constituency. The Amma faction had fielded TTV Dhinakaran as its candidate in the by-election. Allegedly, the documents also pointed to seven senior AIADMK leader, including Chief Minister Palaniswami, for distribution of cash to voters . Following this, the Election Commission had called off the bypoll.
In a raid at AIADMK (Amma) faction leader Vijayabaskar’s residence, I-T officials had seized documents which showed that close to 90 crore rupees was distributed to voters in R K Nagar constituency. The Amma faction had fielded TTV Dhinakaran as its candidate in the by-election. Allegedly, the documents also pointed to seven senior AIADMK leader, including Chief Minister Palaniswami, for distribution of cash to voters . Following this, the Election Commission had called off the bypoll.
INDIAN MEN’S HOCKEY TEAM REGISTER AN IMPRESSIVE 3-0 WIN AGAINST CANADA
~ SV Sunil (5′), Akashdeep Singh (10′) and Sardar Singh (18′) score in India’s second successive win at the Hero Hockey World League Semi-Final; face Pakistan in their next match on Sunday ~
London, 17 June 2017: India came up with a clinical all-round performance to beat Canada 3-0 in their second match here at the Hero Hockey World League Semi-Final on Saturday. Goals by SV Sunil (5′), Akashdeep Singh (10′) and Sardar Singh (18′) helped India register their second successive win in Pool B and top the table.
Riding high on their strong opening match victory, India got off to a rollicking start displaying brilliant counter-attacking skills. The effort resulted in winning a penalty corner in the opening minute of the match. It was forward SV Sunil at the baseline who found the foot of Canadian defender but the chance went amiss with Harmanpreet Singh’s powerful flick going above the post. The forwards, however, were impeccable as they kept up the pace to find gaps in the Canadian circle. It was Sunil who found an early breakthrough in the 5th minute when he fired across from the baseline to put the ball in the post. The 1-0 lead was doubled in the 10th minute with Akashdeep Singh who timed his run perfectly to receive from Ramandeep Singh from the top of the circle to deflect the ball past Canadian keeper David Carter. India went into the first break with a solid 2-0 lead.
India continued to put pressure on Canada with their third goal in the 18th minute to take a formidable 3-0 lead. It was Ramandeep Singh on the counter attack who accelerated towards the circle to push the ball towards Sardar Singh who had doubled up as a forward. The celebrated midfielder was effortless in nicking the ball into the post leaving no chance for Carter to save. Even as Canada struggled to find an opportunity to score, Indian defenders were up to the task to keep them at bay.
The third quarter saw India keep up the tempo with an all-round performance. They were calm in their pursuit, rotating the ball with disciplined passes and good man-to-man marking that helped defend their score. Vikas Dahiya, who substituted Akash Chikte at the goalpost after half time, made two good saves when Canada came close to having a real good shot on goal. India won two back-to-back PCs this quarter but Canadian defence was strong enough to keep the dangerous dragflicker Harmanpreet Singh from converting. The quarter ended with no changes to the score-line.
India started the fourth quarter with just nine players with both captain Manpreet Singh and his deputy Chinglensana Singh sitting out with a green and yellow card respectively. But that didn’t dent India’s chances as they contained Canada from taking advantage. Canada won their second PC with less than two minute for the final hooter but a great stop by Surender Kumar denied Canada from converting and India walked away with the winning points yet again. “We played well in first two quarter but were a bit unlucky to convert chances in the third and fourth quarter, credit must go to the Canadian goalkeeper for coming up with good saves. Overall I am pleased with the performance,” expressed Chief Coach Roelant Oltmans post the match.
“We want to give our best against Pakistan. Cricket also playing Champions Trophy final and we are confident that India will win in Cricket as well as in Hockey,” stated skipper Manpreet Singh about their next match against Pakistan.
India will play Pakistan in their third Pool B match on June 18 at 18.30 hours IST.
Please find attached action pictures, schedule and pool standings of the Hero Hockey World League Semi Final.
For live score updates, please follow http://www.fih.ch/events/match-center
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Works in co-operation with both the national and continental organizations. News, regulations, events and results, coaching, umpire and medical information.
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Matches will be shown live on Star Sports 2 & Star Sports HD 2 as well as live streamed on Hotstar.com
Regards,
Pratik S. Gore
pratikg@wordswork.in
+91 99709 64487
Pratik S. Gore
pratikg@wordswork.in
+91 99709 64487
‘PAHLE INDIA FOUNDATION – YES GLOBAL INSTITUTE MONTHLY SEMINAR SERIES ON SMES’.
Dear Friend,
Greetings from Pahle India Foundation and YES Global Institute, the practicing ‘think tank’ at YES BANK.
We are pleased to announce the commencement of the ‘Pahle India Foundation – YES Global Institute Monthly Seminar Series on SMEs’. The 1st Edition of the series will focus on ‘Driving Entrepreneurship through SMEs’.
Please Save the Date and join us at India International Centre, New Delhi on July 3rd, 2017 for the Seminar.
A formal invitation along with the Seminar agenda will be shared with you shortly.
For any further information, please get in touch with Mr. Anil Kumar, Assistant Manager, Pahle India Foundation (anil.kumar@pahleindia.org ; +91 11 41551498 or +91 8826408889).
We look forward to your participation.
Thank you.
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Best regards,
Rajiv Kumar
Founder Director
Pahle India Foundation
C4/54 First Floor
Safdarjung Development Area
New Delhi – 110016
+91 11 41551498
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