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May 30, 2020

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Ambuja Cement moves SC against Rs. 6,300-cr CCI fine.

Some cement makers as Ambuja Cement moved the Supreme Court against the NCLAT’s ruling that upheld the fair trade regulator CCI’s order to impose a penalty of Rs. 6,300 crore for alleged cartelization on 11 manufacturers. In August 2016, CCI had slapped approximately Rs 6,300 crore penalties on 11 cement firms including UltraTech, ACC, Ambuja, Ramco and JK cement as well as the industry body Cement Manufacturers Association (CMA) for indulging in cartelisation. CCI had imposed the highest penalty of Rs 1,175.49 crore on Aditya Birla group firm Ultra Tech. Challenging the NCLAT’s July 25 order, Ambuja said that the Read More
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Amazon v. Rohit Reddy Chintha

Date of the case : May 4,2016 Outcome of the case: Holding Amazon guilty of deficiency in service, Bengaluru Rural and Urban Additional District Consumer Disputes Redressal Forum has directed it to refund Rs 2,85,284 within a month Summary of the case: Rohit Reddy Chintha from Hitech city, Hyderabad, had placed an order for the gold coins on August 25, 2015 at Amazon Seller Service Private Limited located in Malleswaram with order No-171-7238017-9209918 and received the courier on October 2, 2015 under the impression that the courier contained the gold he ordered. He was shocked when he opened the package Read More
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Relationship of State Bank of India with Nifty50

Title:- Relationship of State Bank of India with Nifty50 Author:- Saira Shaikh Introduction: The State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. It is a government corporation statutory body headquartered in Mumbai, Maharashtra. SBI is ranked as 236th in the Fortune Global 500 list of the world’s biggest corporations of 2019. It is the largest bank in India with a 23% market share in assets, besides a share of one-fourth of the total loan and deposits market. State Bank of India (SBI) is the country’s largest commercial bank, in terms of Read More
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VEDANTA LIMITED – LEGAL ISSUES By Vignesh N S (ITM EMBA Batch 17)

 VEDANTA LIMITED Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia. Vedanta is a leading producer of Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Aluminium & Power.  LEGAL ISSUES M/s. Vedanta Limited was involved in numerous legal misadventures mostly concerning environment. Few of those are as follows, o ALUMINA EXTRACTION IN NIYAMGIRI, ODISHA In 2004, Vedanta joined ventured with OMCL (Odisha Mining Corporation Ltd) to extract bauxite from the Niyamgiri hills to supply it to their Read More
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Child Labor

Child Labour Author: Zeba Ahmed 1 . Evidence from Guatemala According to Vasquez,William F , Child labor affects the current and future welfare of children. In the short run, child labor exposes children to unsafe working environments and prevents normal child development.Using data from the National Survey of Standards of Living conducted in Guatemala in 2000, Guatemalan households use child labor and reduce child schooling to cope with household shocks. They may use child earnings to pay for survival expenditures, especially when adult income decreases as a result of socioeconomic shocks.The incidence of child labor has gradually increased in Guatemala Read More
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