The Commission has concerns that the companies involved may have violated EU antitrust rules that prohibit cartels and restrictive business practices (Article 101 of the Treaty on the Functioning of the European Union). The Commission officials were accompanied by their counterparts from the relevant national competition authorities.

Unannounced inspections are a preliminary step into suspected anticompetitive practices. The fact that the Commission carries out such inspections does not mean that the companies are guilty of anti-competitive behaviour nor does it prejudge the outcome of the investigation itself. The Commission respects the rights of defence, in particular the right of companies to be heard in antitrust proceedings.

There is no legal deadline to complete inquiries into anticompetitive conduct. Their duration depends on a number of factors, including the complexity of each case, the extent to which the undertakings concerned co-operate with the Commission and the exercise of the rights of defence.

The Vice President of India, Shri M. Venkaiah Naidu has said that democracy is the ideal system of governance and Shri Atal ji has succeeded in preserving it. He was addressing the gathering after releasing the Books on former Prime Minister, Shri Atal Bihari Vajpayee, ‘Sarvapriya Atalji’, ‘Jannayak Atalji’ and ‘Atal Jeevan Gatha’, here today.

Defence Research and Development Organisation (DRDO), with a saga of achievements in last 60 years would be showcasing its flagship products during the DefExpo India – 2018, being held in Chennai from 11 – 14 April 2018.

? The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) today with the Indian Institute of Corporate Affairs (IICA). The MoU was signed by Ms. Geeta Singh Rathore, Chief Administrative Officer of the IICA and Mr. K.R.Saji Kumar, Executive Director of the IBBI in the august presence of Mr.Injeti Srinivas, Secretary, Ministry of Corporate Affairs; Dr. M. S. Sahoo, Chairperson, IBBI; Mr. Gyaneshwar Kumar Singh, Director General, IICA; and other distinguished officers of the Ministry of Corporate Affairs, IBBI and IICA.

Prime Minister, Shri Narendra Modi will interact with over 100 MUDRA beneficiaries from across the country at a function in the capital tomorrow.

Pradhan Mantri Mudra Yojana (PMMY) has been one of the flagship initiatives of the Governmentto promote entrepreneurship spirit among the youth by providing easy loans without guarantees.