Economy & Market
CCI to decide on Lafarge-Holcim merger
The Competition Commission of India (CCI) will decide on the proposed merger of Lafarge and Holcim, according to CCI Chairman Ashok Chawla. The CCI is examining the merger as it raises competition concerns. In a joint filing to CCI, Lafarge and Holcim had said that they would continue to face aggressive competition from Indian cement makers such as UltraTech, Shree Cement and Jaypee at a pan-India level.