Nov 28, 2024, at 03:12 am
Bengaluru: A group of e-retailers operating on major platforms like Amazon and Walmart-backed Flipkart argued before the Karnataka High Court (HC) on Wednesday that the investigation by the Competition Commission of India (CCI) into alleged anti-competitive practices exceeds the regulator's statutory authority, media reports said.
Meta disagrees with CCI's Rs 213-crore penalty over WhatsApp policy, to file an appeal
Nov 20, 2024, at 06:42 pm
New Delhi/IBNS: WhatsApp parent Meta plans to contest the Rs 213.14 crore fine imposed by the Competition Commission of India (CCI) for alleged anti-competitive practices tied to WhatsApp’s 2021 privacy policy update, according to media reports.
Swiggy, Zomato flouted competition laws, CCI finds in probe: Report
Nov 09, 2024, at 01:06 am
New Delhi: An investigation by India’s Competition Commission (CCI) found that major food delivery companies Zomato and SoftBank-backed Swiggy violated competition laws through practices that favoured specific restaurants on their platforms, according to confidential CCI documents.
Oct 23, 2024, at 05:36 am
New Delhi: The Competition Commission of India (CCI) has approved Bharti Airtel's proposal to increase its stake in Indus Towers, following a buyback of shares by the telecom infrastructure company. Indus Towers, a passive telecom infrastructure provider, deploys, owns, and manages infrastructure for various mobile operators.
Companies with turnover over Rs 500 cr in India required to seek CCI approval for mergers
Sep 11, 2024, at 02:47 am
New Delhi: The Competition Commission of India (CCI), on Tuesday, introduced new regulations expanding the scope of companies that must obtain approval for mergers.
CCI approves Reliance-Disney India merger
Aug 29, 2024, at 05:44 am
New Delhi: India's anti-trust regulator has approved Reliance Industries Ltd's Rs 70,350 crore merger with Disney's Indian media assets, subject to specific voluntary modifications, paving the way for a media giant.
Reliance, Disney merger will hurt competition, CCI warns
Aug 21, 2024, at 06:01 am
New Delhi: The Competition Commission of India (CCI) has made an initial assessment that the $8.5 billion merger between Reliance and Walt Disney’s media assets could harm competition, particularly due to their control over cricket broadcast rights, Reuters reported on Tuesday.
CCI probe alleges Apple exploited its dominant position in the app store market
Jul 13, 2024, at 06:06 am
New Delhi: An investigation by The Competition Commission of India (CCI) has concluded that Apple exploited its dominant position in the app store market on its iOS operating system, engaging in "abusive conduct and practices," Reuters reported.
CCI to bring new set of merger regulations soon
May 21, 2024, at 07:24 pm
New Delhi/IBNS: Competition Commission of India (CCI)'s chairperson Ravneet Kaur on Monday said that the country's apex national competition regulator will soon come out with a new set of merger regulations, giving effect to competition law amendments enacted last year.
CCI approves acquisition of additional shares in Sikkim Urja Ltd by Greenko Energies
May 08, 2024, at 07:04 am
New Delhi: The Competition Commission of India (CCI) has approved the acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by Greenko Energies Private Limited, the anti-trust watchdog said in a press release on Tuesday.
CCI approves 7 proposals involving acquisition of shares across companies
Apr 03, 2024, at 06:37 am
New Delhi: In a slew of decisions, the Competition Commission of India (CCI) on Tuesday approved seven proposals that include acquisition of shares partly or 100 percent in transactions involving MG Motors, Max Life Insurance, Sharekhan Limited and others.
CCI approves 100% acquisition of Lanco Amarkantak Power by Adani Power
Mar 27, 2024, at 06:52 am
New Delhi: The Competition Commission of India (CCI) has approved the 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited.
CCI approves JSW's acquisition of up to 38 pct stake in MG Motor India
Jan 24, 2024, at 11:46 pm
The Competition Commission of India (CCI) has approved the acquisition of up to approximately 38 percent of the share capital of MG Motor India Private Limited by JSW Ventures Singapore Pte. Limited.
CCI approves merger of Fincare and AU Small Finance Bank Limited
Jan 24, 2024, at 11:42 pm
The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank Limited (Fincare) and AU Small Finance Bank Limited (AU).
CCI green lights Nirma Ltd's acquisition of Glenmark Life Sciences
Dec 20, 2023, at 05:07 am
New Delhi: The Competition Commission of India (CCI) on Tuesday gave its nod to Nirma Limited to acquire the majority shares of Glenmark Life Sciences Limited.
Competition watchdog greenlights Abu Dhabi Ports' acquisition of Delanord Investments
Nov 30, 2023, at 06:50 am
New Delhi: The Competition Commission of India (CCI) has approved the acquisition of shareholding in Delanord Investments by Abu Dhabi Ports Company.
CCI approves Atlas 2022 Holdings' move to increase stake in Vodafone
Nov 30, 2023, at 06:47 am
New Delhi: The Competition Commission of India (CCI) has given the go-ahead for Atlas 2022 Holdings Limited to raise its ownership in Vodafone from 14.6% to just below 25%.
CCI approves Air India-Vistara merger
Sep 02, 2023, at 02:48 am
New Delhi: India’s anti-trust watchdog the Competition Commission of India (CCI) has approved the merger of Tata Group airlines Vistara and Air India, making Air India the largest international carrier in India and the second biggest domestic carrier after IndiGo.
Aug 19, 2023, at 08:02 am
Mumbai: The Competition Commission of India (CCI) has imposed a penalty of Rs 40 lakh on Axis Bank for its failure to inform the regulator about its acquisition of a stake in CSC e-Governance, media reports said.
Jul 05, 2023, at 06:00 am
New Delhi: The Competition Commission of India (CCI) has approved the acquisition of Marnix Lux by Concentrix Corporation and shareholding in the combined company by the shareholders of Marnix Lux.
CCI approves HDFC's acquisition of more shares in insurance companies
Jun 21, 2023, at 07:27 am
New Delhi: The Competition Commission of India (CCI) Tuesday said it has approved the proposed combination involving the acquisition by Housing Development Finance Corporation Ltd of certain additional shareholding of HDFC ERGO General Insurance Company Ltd and HDFC Life Insurance Company Ltd.
May 18, 2023, at 09:10 pm
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of the Memorandum of Understanding (MoU) between the Competition Commission of India (CCI) and the Egyptian Competition Authority (ECA).
CCI to examine if Google's new users' choice billing policy violates its order
May 13, 2023, at 03:32 am
New Delhi: The Competition Commission of India (CCI) on Friday said that it is required to investigate Google's new users' choice billing policy and verify if the company has adhered to the October 2022 directive, which directed the US-based tech giant to refrain from limiting app developers from using third-party billing systems, media reports said.
CCI approves SREI Infra Finance's acquisition by NARCL, IDRCL
Apr 08, 2023, at 04:42 am
New Delhi: The Competition Commission of India (CCI) announced on Thursday that it has given the green light for National Asset Reconstruction Company Ltd (NARCL) and India Debt Resolution Company Ltd (IDRCL) to acquire SREI Infrastructure Finance.
CCI approves LIC MF arm's acquisition of IDBI MF
Mar 23, 2023, at 05:16 am
New Delhi/IBNS: The Competition Commission of India (CCI) has approved the proposed acquisition of the management rights over the schemes of IDBI MF from IDBI Asset Management Limited by the LIC Mutual Fund Asset Management Ltd.
Android case: SC refuses to modify NCLAT's order upholding CCI's penalty on Google
Feb 11, 2023, at 03:43 am
New Delhi: The Supreme Court on Friday rejected Google’s plea to modify its January 19 order in a case of unfair and anti-competitive practices related to Android devices, media reports said.
Jan 12, 2023, at 05:23 am
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday rejected Google’s appeal to stay the second Competition Commission of India (CCI) order slapping a penalty of Rs 936.44 crore on the US-based tech giant company for abusing its dominant position through its Playstore policies, media reports said.
Android abuse: Big setback for Google as NCLAT refuses interim stay on CCI order
Jan 05, 2023, at 01:40 am
New Delhi: The National Company Appellate Tribunal (NCLAT) rejected Google’s plea seeking an interim stay on CCI’s order directing the US-based tech giant to change its business model in India, media reports said.
Google accuses CCI of copy-pasting European Commission's order on abusing Android dominance: Report
Jan 04, 2023, at 03:20 am
New Delhi/IBNS: Google has accused the Competition Commission of India (CCI) of copying parts of a European ruling against the U.S. firm for abusing the market dominance of its Android operating system, Reuters reported.
Oct 27, 2022, at 05:00 am
In an effort to address likely anti-competition issues, media groups Zee and Sony have agreed to sell three channels -- Big Magic, Zee Action, and Zee Classic, that may arise post their proposed merger deal, according to media reports.