AGL 40.90 Decreased By ▼ -0.60 (-1.45%)
AIRLINK 127.00 Decreased By ▼ -1.00 (-0.78%)
BOP 6.43 Increased By ▲ 0.17 (2.72%)
CNERGY 4.14 Increased By ▲ 0.01 (0.24%)
DCL 8.49 Increased By ▲ 0.05 (0.59%)
DFML 40.99 Increased By ▲ 0.30 (0.74%)
DGKC 87.01 Decreased By ▼ -0.89 (-1.01%)
FCCL 33.85 Decreased By ▼ -0.25 (-0.73%)
FFBL 65.85 Decreased By ▼ -0.48 (-0.72%)
FFL 10.46 Decreased By ▼ -0.10 (-0.95%)
HUBC 109.39 Increased By ▲ 0.69 (0.63%)
HUMNL 14.81 Increased By ▲ 0.35 (2.42%)
KEL 4.82 Increased By ▲ 0.17 (3.66%)
KOSM 7.67 Increased By ▲ 0.34 (4.64%)
MLCF 42.15 Decreased By ▼ -0.57 (-1.33%)
NBP 61.50 Increased By ▲ 0.66 (1.08%)
OGDC 179.10 Increased By ▲ 0.13 (0.07%)
PAEL 25.85 Increased By ▲ 0.15 (0.58%)
PIBTL 6.26 Increased By ▲ 0.20 (3.3%)
PPL 146.39 Increased By ▲ 0.24 (0.16%)
PRL 24.56 Decreased By ▼ -0.35 (-1.41%)
PTC 16.25 Increased By ▲ 0.11 (0.68%)
SEARL 69.60 Decreased By ▼ -0.60 (-0.85%)
TELE 7.38 Increased By ▲ 0.16 (2.22%)
TOMCL 36.42 Increased By ▲ 0.22 (0.61%)
TPLP 7.89 Increased By ▲ 0.05 (0.64%)
TREET 15.60 Increased By ▲ 0.01 (0.06%)
TRG 51.76 Increased By ▲ 1.40 (2.78%)
UNITY 27.20 Increased By ▲ 0.30 (1.12%)
WTL 1.25 Increased By ▲ 0.01 (0.81%)
BR100 9,824 Increased By 29.8 (0.3%)
BR30 29,810 Increased By 163.2 (0.55%)
KSE100 92,283 Increased By 261.2 (0.28%)
KSE30 28,702 Increased By 37.4 (0.13%)

India's anti-trust regulator has fined Monsanto Co 15 million rupees ($233,000) for being too slow in replying to questions in a competition probe into the US seeds company. The Competition Commission of India (CCI) last year ordered an investigation into whether Monsanto had abused its dominant position as a supplier of genetically modified (GM) cotton seeds.
The CCI, which is yet to complete its investigation, fined Monsanto for delays in filing replies, according to official documents reviewed by Reuters. Monsanto responded to CCI's queries in August, but only after eight reminders issued between April 2016 and May this year, the watchdog's November order showed.
"The commission hopes and trusts that full cooperation shall now be provided," the CCI said in its order dated November 14. A Monsanto India spokesman said: "Monsanto continues to extensively cooperate with the CCI in the investigation and has been providing information in response to requests received."

Comments

Comments are closed.