Equities

Reuters exclusively reports Indian antitrust investigators clear five domestic carriers of price fixing

Reuters exclusively reports Indian antitrust investigators clear five domestic carriers of price fixing

Investigators with India’s antitrust watchdog have found no evidence that the country’s biggest airline, IndiGo, and four rival carriers colluded to fix ticket prices, Reuters reported exclusively. The inquiry by the Competition Commission of India, which included an analysis of the algorithms airlines use to determine ticket fares, found that all five airlines were working independently. The other four carriers were SpiceJet, GoAir, Air India and Jet Airways.