Business
‘We can’t justify a £52 lunch’: Middle-income families cut back on fun as prices rise
A household with an average gross income of £55,000 has cut spending on leisure activities by £40 a week, offical figures suggest.
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Business
CCI to probe Pernod Ricard, seven others – The Times of India
NEW DELHI: The Competition Commission has ordered a detailed probe against French spirits major Pernod Ricard and seven other entities for alleged cartelisation in the Indian-made foreign liquor market.The seven entities that have come under the watchdog’s lens are Indo Spirits, Pathway HR Solutions, Universal Distributors, Khao Gali, Bubbly Beverages, Shiv Associates and Organomix Ecosystems.Ordering the investigation, the regulator said it is of prima-facie view that Pernord Ricard’s restrictive conduct with its retailers/wholesalers, purportedly, to induce brand pushing and achieve higher market share in IMFL market in Delhi, falls within the purview of ‘exclusive dealing agreement’ under the Competition Act. Such conduct violates the Act, according to a 26-page order, dated May 5, by the Competition Commission of India (CCI). The complaint was filed before the CCI in 2024.CCI’s Director General (DG) will carry out the investigation that will also look into the role of the persons/officers who were responsible for the conduct of the activities of such entities as well as individuals whose consent or connivance was involved during the time of the contraventions.
Business
Cost of living crisis sees tradespeople having to chase debt
More than half of tradespeople have seen an increase of late payments compared to a year ago, a survey finds.
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Pakistan takes major step with floating solar power project at Keenjhar Lake, Sindh – SUCH TV
Pakistan is taking a significant step towards promoting renewable energy and energy self-sufficiency with 243 million dollars floating solar power project on Keenjhar Lake in Sindh.
The 500 megawatt project has already been finalized and aims to promote renewable energy and reduce dependence on imported fossil fuels.
The floating solar system on Keenjhar Lake will provide an innovative solution for generating energy without using land and will help in efficient power transmission and meeting energy needs of industrial and urban areas.
This development is a significant step towards Pakistan’s 2030 environmental goals and self-sufficiency in the energy sector.
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