Antitrust Antitrust

Eight suppliers of axle bearings to Indian Railways caught bid-rigging, fines not imposed

By Freny Patel
  • 12 Oct 2022 08:12
  • 12 Oct 2022 08:18
Eight vendors caught rigging bids during an eight-year period for the supply of axle bearings to Indian Railways were ordered to cease unfair business practices on Tuesday. However, no fines were imposed because the antitrust watchdog feared financial penalties could render the companies, which are micro, small, and medium enterprises, economically

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Freny Patel


Freny has been covering antitrust law, M&A and regulations for over a decade, serving as Asia editor at Policy and Regulatory Report. Prior to joining as an editor at Mergermarket, she headed the banking bureau of a leading Indian financial daily, Business Standard. When India privatized the insurance sector, she had her own column in The Observer.

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