The Competition Commission of Pakistan (CCP) has successfully recovered Rs 27 million in penalties from Reliance Paints and Pakistan Steel Mills (PSM) by exercising its authority under Section 40(2)(a) of the Competition Act, 2010, through the attachment of their bank accounts. According to a press release, these recoveries are part of the CCP’s broader strategy … Read more
BENGALURU: India’s Reliance Industries is on track to more than double in size before the end of the decade, its billionaire-chairman Mukesh Ambani told shareholders on Thursday. Reliance, which is India’s most valuable company with a market capitalisation of $245.44 billion, said it expects to double sales and operating profit in its telecom and retail … Read more
ISLAMABAD: The energy ministry had embarked upon major reforms, including operationalisation of an energy exchange, which would allow the power plants to sell electricity to the buyer, Energy Minister Awais Leghari said on Wednesday. Leghari told the Senate Standing Committee on Energy that the ministry was currently facing problems related to high electricity prices. He … Read more