CCI has also held 56 top executives, including JSW Steel's Sajjan Jindal and Tata Steel CEO TV Narendran, liable for steel price collusion since at least 2015.
The development has triggered several internal discussions, including speculation over the Tata Group’s dissatisfaction with the pace of the airline’s turnaround
Reliance’s retail business is often seen as one of the biggest drivers of its stock price, with ICICI Securities valuing the business at more than $103 billion.