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Competitive behaviour needs to be gauged prior to market monopolisation, says Parliamentary panel A Parliamentary panel has taken serious note of the challenges posed by the winner-take-all markets where winners emerge within a few years of the market having evolved, and by the time, anti-competitive policies are formulated, the market tips in one direction and a winner emerges. To tackle such a situation, the Parliamentary panel on Finance, in its report on anti-competitive practices by big tech companies, which was tabled on Thursday in Parliament, has suggested that competitive beha...
Competitive behaviour needs to be gauged prior to market monopolisation, says Parliamentary panel
Competitive behaviour needs to be gauged prior to market monopolisation, says Parliamentary panel
Source: IANS
28/07/2023 9:57:00 AM
Google accuses India antitrust body of protecting Amazon in Android probe Google has accused India's antitrust body of ordering changes to its business model "only to protect" rival Amazon, which complained about its struggles to develop a modified version of the Android system due to Google's restrictions, legal papers show. Google has approached India's Supreme Court to quash the Competition Commission of India's (CCI) October order asking the company to make 10 changes to its business model after the CCI found it abused its dominant ...
Google accuses India antitrust body of protecting Amazon in Android probe
Google accuses India antitrust body of protecting Amazon in Android probe
Source: Reuters
6/07/2023 1:12:54 PM
India`s gig economy in a limbo as online food deliveries slow down With a spurt in online food and grocery delivery, especially in the pandemic years, India saw a meteoric rise in the gig economy, giving millions of people job opportunities. However, delivering hot and piping food at customers' doorsteps has become a nightmare for many of them as the food delivery business turns out to be a losing game while more and more delivery partners report unfair work conditions, pay disparity, and harassment. India is likely to see its gig workforce add 9-1...
India`s gig economy in a limbo as online food deliveries slow down
India`s gig economy in a limbo as online food deliveries slow down
Source: IANS
18/03/2023 4:45:49 PM
CCI nod to acquisition of 100% equity share capital of L&T IDPL and KTL The Competition Commission of India (CCI) approved the acquisition of 100 per cent of the equity share capital of L&T Infrastructure Development Projects Limited (L&T IDPL) and Kudgi Transmission Limited (KTL), by Epic Concesiones Private Limited (ECPL) and Infrastructure Yield Plus II (IYP II), respectively, under Section 31(1) of the Competition Act, 2002. As per the CCI, the Proposed Combination envisages the acquisition of 51 per cent and 49 per cent of equity share capital of ...
CCI nod to acquisition of 100% equity share capital of L&T IDPL and KTL
CCI nod to acquisition of 100% equity share capital of L&T IDPL and KTL
Source: IANS
15/03/2023 4:07:14 PM
Competition Commission okays acquisition of VGP Holdings by Aramco subsidiary Gateway Velocity The Competition Commission of India (CCI) on Wednesday approved proposed acquisition of 100 per cent issued and outstanding share capital and sole control of VGP Holdings LLC by Gateway Velocity Holding Corp. Gateway Velocity Holding Corp. (Gateway), a newly formed corporation in Delaware (US), is a wholly-owned subsidiary of Aramco Overseas Company B.V. (AOC), which is a wholly owned subsidiary of Saudi Arabian Oil Company (Saudi Aramco). Gateway is a holding company and does not have ...
Competition Commission okays acquisition of VGP Holdings by Aramco subsidiary Gateway Velocity
Competition Commission okays acquisition of VGP Holdings by Aramco subsidiary Gateway Velocity
Source: IANS
23/02/2023 9:54:58 AM
CCI approves acquisition of certain equity share capital of LT Foods Limited The Competition Commission of India (CCI) approved acquisition of certain equity share capital of LT Foods Limited by SALIC International Investment Corporation under Section 31(1) of the Competition Act, 2002. SALIC International Investment Corporation (SIIC) is an unlisted limited liability company based in Riyadh, Kingdom of Saudi Arabia. It is fully owned and controlled by Saudi Agricultural and Livestock Investment Company (SALIC). SALIC is an investment company with holdings in va...
CCI approves acquisition of certain equity share capital of LT Foods Limited
CCI approves acquisition of certain equity share capital of LT Foods Limited
Source: IANS
15/02/2023 10:38:36 AM
CCI ruling on Google & digital bills key for a transparent ecosystem in India The year 2022 was a landmark year with regard to litigations and legislations in India in promoting a fair and transparent ecosystem in the country and laying the right platform for startups and smaller players to flourish. In late August, the government released a draft of the Digital Personal Data Protection Bill, 2022, which is likely to be passed during the Monsoon session of Parliament in 2023. In October 2022, the Indian government announced changes to its information technology (...
CCI ruling on Google & digital bills key for a transparent ecosystem in India
CCI ruling on Google & digital bills key for a transparent ecosystem in India
Source: IANS
4/01/2023 11:56:02 AM
Standing Committee on Finance to take view on Competition Amendment Bill 2022 The Standing Committee of Finance headed by Jayant Sinha will meet on December 8 to consider and adopt the draft report on Competition (Amendment) Bill 2022. On the same day, the Panel has summoned Law Secretary Niten Chandra to brief them on certain provisions of the Bill. The Bill seeks to amend the Competition Act, 2002, to regulate mergers and acquisitions based on the value of transactions. Deals with transaction value of more than Rs 2,000 crore will require CCI's approval. ...
Standing Committee on Finance to take view on Competition Amendment Bill 2022
Standing Committee on Finance to take view on Competition Amendment Bill 2022
Source: IANS
5/12/2022 9:47:03 AM
A ration shop for raw materials: MSME Association budget wish A ration or fair price shop for raw materials; bringing Small Industries Development Bank of India (SIDBI) under the Ministry of Micro, Small and Medium Enterprises (MSME); abolition of capital gains tax on properties sold by micro entrepreneurs; are some of the Union Budget 2023-24 wish list of the Association of Indian Entrepreneurs (AIE). The AIE also wants payment of salaries to the interns by the central government for 180 days. According to a memorandum submitted by the AIE, the b...
A ration shop for raw materials: MSME Association budget wish
A ration shop for raw materials: MSME Association budget wish
Source: IANS
28/11/2022 11:38:37 AM
FM Nirmala Sitharaman seeks greater presence of Competition Commission to ensure ease of doing business Finance Minister Nirmala Sitharaman on Thursday said that to ensure ease of doing business, it is essential that there is greater presence of Competition Commission of India (CCI) offices across the country. In her address after virtually inaugurating the CCI's regional office (western) and releasing the advocacy booklets in Urdu and Punjabi, she said that challenges of digitisation can't be ignored and therefore, it is important for Indian competition authorities to benchmark them...
FM Nirmala Sitharaman seeks greater presence of Competition Commission to ensure ease of doing business
FM Nirmala Sitharaman seeks greater presence of Competition Commission to ensure ease of doing business
Source: IANS
6/10/2022 5:04:43 PM
CCI clears Caladium's 7.49% stake buy in Aditya Birla Fashion The Competition Commission of India (CCI) on Tuesday okayed the acquisition of around 7.49 per cent stake in Aditya Birla Fashion and Retail by Caladium Investment, a GIC Investor. GIC Investor is a special purpose vehicle organised as a private limited company in Singapore that is part of a group of investment holding companies managed by GIC Special Investments Private Limited (GICSI). "Competition Commission approves acquisition of approximately 7.49 per cent shareholding in Adi...
CCI clears Caladium's 7.49% stake buy in Aditya Birla Fashion
CCI clears Caladium's 7.49% stake buy in Aditya Birla Fashion
Source: IANS
31/08/2022 10:23:28 AM
India plans to arm CCI with power to scrutinise global M&A deals New Delhi, Aug 5 (IANS) The Centre on Friday proposed significant amendments in the Competition Act, 2002, aiming to give the Competition Commission of India (CCI) powers to scrutinise all global mergers and acquisition deals exceeding $252 million with "substantial business operations in India". The Competition (Amendment) Bill, 2022 has come in light of several Big Tech companies like Meta, Microsoft and Google now having huge presence in the country, which has recently se...
India plans to arm CCI with power to scrutinise global M&A deals
India plans to arm CCI with power to scrutinise global M&A deals
Source: IANS
5/08/2022 8:15:35 PM
CCI approves acquisition of stake in IDFC Asset Management and IDFC AMC Trustee by Bandhan Financial, ChrysCapital and GIC The Competition Commission of India (CCI) approves acquisition of stake in IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited by Bandhan Financial Holdings Limited, ChrysCapital and GIC. The proposed combination envisages acquisition of 99.96% stake in IDFC Asset Management Company Limited (IDFC AMC) and 100% stake in IDFC AMC Trustee Company Limited (IDFC Trustee) by Bandhan Financial Holdings Limited (BFHL), Lathe Investment Pte. Ltd. (Lathe), Tangerine Investments L...
CCI approves acquisition of stake in IDFC Asset Management and IDFC AMC Trustee by Bandhan Financial, ChrysCapital and GIC
CCI approves acquisition of stake in IDFC Asset Management and IDFC AMC Trustee by Bandhan Financial, ChrysCapital and GIC
Source: Dion Global Solutions Ltd
3/08/2022 9:23:13 AM
How CCI order is also a breather for Zomato, Swiggy  As the Competition Commission of India (CCI) ordered a thorough investigation into the conduct of online food delivery platforms Zomato and Swiggy, the detailed document has actually given a breather to the food delivery platforms, people close to the matter told IANS on Tuesday. While the CCI has indeed directed a Director-General (DG) investigation, the order in some sense is a vindication for the food delivery companies since the CCI has not found concerns with issues around "...
How CCI order is also a breather for Zomato, Swiggy
How CCI order is also a breather for Zomato, Swiggy
Source: IANS
5/04/2022 7:08:42 PM
Tyres Federation urges government to remove anti-dumping duty duty on tyres The All India Tyres Federation has sought removal of anti-dumping duty on tyres and urged the government to lift import restrictions imposed after the Competition Commission of India's (CCI) order on domestic tyre manufacturers for indulging in price rigging and cartelisation. In August 2018, the CCI had imposed a total fine of more than Rs 1,788 crore on Apollo Tyres, MRF, CEAT, Birla Tyres, JK Tyre & Industries and the Automotive Tyre Manufacturers Association (ATMA). They were foun...
Tyres Federation urges government to remove anti-dumping duty duty on tyres
Tyres Federation urges government to remove anti-dumping duty duty on tyres
Source: Accord Fintech
4/02/2022 9:49:15 AM
Crocin, ENO, Iodex ownership changes as CCI approves acquisition The Competition Commission of India has approved acquisition by GlaxoSmithKline Consumer Healthcare Overseas Ltd and GlaxoSmithKline Consumer Healthcare UK Trading Ltd of shareholding in GlaxoSmithKline Asia Private Ltd. The proposed combination involves collective acquisition of 100 per cent shares of the GlaxoSmithKline Asia Private Ltd, which will acquire the trademarks pertaining to "Iodex" and "Ostocalcium" brands in India alongwith the legal, economic, commercial ...
Crocin, ENO, Iodex ownership changes as CCI approves acquisition
Crocin, ENO, Iodex ownership changes as CCI approves acquisition
Source: IANS
25/01/2022 9:54:31 AM
Traders' body moves Competition Commission against Amazon-Cloudtail deal The Confederation of All Indian Traders (CAIT) has moved the Competition Commission of India (CCI), seeking a direction to block the acquisition of Cloudtail India by Amazon. Cloudtail is a 100 per cent subsidiary of Prione Business Services, a joint venture of Amazon and Catamaran Ventures and is also presently the largest seller on Amazon's e-commerce platform, Amazon.in. Citing the proposed structure of stake in Cloudtail, the plea said: "Amazon would have 100 per cent stake...
Traders' body moves Competition Commission against Amazon-Cloudtail deal
Traders' body moves Competition Commission against Amazon-Cloudtail deal
Source: IANS
15/01/2022 9:54:43 AM
Amazon files new legal challenges in dispute with Future Group-sources By Aditya Kalra NEW DELHI -Amazon.com Inc has filed fresh legal challenges in its long-running dispute with Indian retailer Future Group after the national antitrust agency suspended a 2019 deal between the two sides, leading to a halt in their arbitration, four sources told Reuters on Sunday. The Competition Commission of India (CCI) last month suspended its approval of Amazon's 2019 deal with Future, denting the U.S. e-commerce giant's attempts to block the sale of Future...
Amazon files new legal challenges in dispute with Future Group-sources
Amazon files new legal challenges in dispute with Future Group-sources
Source: Reuters
9/01/2022 2:01:35 PM
Indian watchdog CCI orders anti-trust probe into Apple App Store The Competition Commission of India (CCI) on Friday ordered a thorough anti-trust investigation into Apple over its App Store business practises. The order came at a time when the Indian watchdog is fighting the same battle with Google over its Play Store policies that may hamper third-party app developers and the entire ecosystem. "The third-party app stores are not allowed to be listed on Apple's App Store as the developer guidelines as well as agreement prohibits app develop...
Indian watchdog CCI orders anti-trust probe into Apple App Store
Indian watchdog CCI orders anti-trust probe into Apple App Store
Source: IANS
1/01/2022 9:08:49 AM
CCI approves acquisition of Air India stake by Tata Sons' Talace Fair market regulator Competition Commission of India on Monday approved the acquisition of Air India, Air India Express, and Air India SATS Airport Services by Talace, which is a wholly owned subsidiary of Tata Sons. The acquisition envisaged 100 per cent equity share capital of Air India and Air India Express, and 50 per cent for that of Air India SATS Airport Services by Talace. At present, Air India is wholly owned by the government. The airline, along with AIXL, is primarily eng...
CCI approves acquisition of Air India stake by Tata Sons' Talace
CCI approves acquisition of Air India stake by Tata Sons' Talace
Source: IANS
21/12/2021 9:20:28 AM
Reliance Industries gains as its arm gets CCI’s approval for acquisition of stake in Sterling and Wilson Renewable Energy Reliance Industries is currently trading at Rs. 2399.25, up by 26.75 points or 1.13% from its previous closing of Rs. 2372.50 on the BSE. The scrip opened at Rs. 2404.00 and has touched a high and low of Rs. 2408.00 and Rs. 2369.00 respectively. So far 134458 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2750.00 on 19-Oct-2021 and a 52 week low of Rs. 1830.00 on 29-Jan-2021. Last one week high and low of the ...
Reliance Industries gains as its arm gets CCI’s approval for acquisition of stake in Sterling and Wilson Renewable Energy
Reliance Industries gains as its arm gets CCI’s approval for acquisition of stake in Sterling and Wilson Renewable Energy
Source: Accord Fintech
16/12/2021 3:41:18 PM
Centre's nod for cotton price support from 2014-15 till September 2021 Claiming to safeguard the interests of the cotton farmers, the Centre on Wednesday gave approval for committed price support of about Rs 17,000 crore to the Cotton Commission of India (CCI) for the cotton seasons from 2014-15 to 2020-21 till up to September 30 this year. Cotton is one of the most important cash crops and plays a major role in sustaining the livelihood of around 58 lakh cotton farmers and 400 to 500 lakh people engaged in related activities such as cotton processing and tra...
Centre's nod for cotton price support from 2014-15 till September 2021
Centre's nod for cotton price support from 2014-15 till September 2021
Source: IANS
11/11/2021 9:34:54 AM
Future Retail independent directors writes to CCI over Amazon's `evil non-desirable designs` The independent directors of Future Retail Limited (FRL) have written to the Competition Commission of India (CCI), urging it to act to stop Amazon from "perpetuating its evil non-desirable designs" for the purpose of eliminating competition. In a letter to CCI Chairman Ashok Kumar Gupta, the independent directors of FRL on Sunday urged CCI to intervene and stop Amazon's designs to make FRL bankrupt, make the Indian public sector banks write off Rs 30,000 crore, render 6,000 ...
Future Retail independent directors writes to CCI over Amazon's `evil non-desirable designs`
Future Retail independent directors writes to CCI over Amazon's `evil non-desirable designs`
Source: IANS
8/11/2021 9:20:53 AM
Zomato to shut its grocery delivery service Food tech major Zomato has decided to scrap its grocery delivery service for the second time amid growing competition in the segment. The company is of the view that its investment in Grofers will generate better outcomes than its in-house grocery effort. Zomato has informed its grocery partners through a mail that it plans to stop its pilot service with effect from September 17. "We have decided to shut down our grocery pilot and as of now, have no plans to run any other form o...
Zomato to shut its grocery delivery service
Zomato to shut its grocery delivery service
Source: IANS
12/09/2021 5:14:34 PM
CCI okays Zomato's 9.3% stake purchase in Grofers The Competition Commission of India (CCI) has approved the proposed acquisition of 9.3 per cent stake in e-grocer Grofers by online food delivery major Zomato. The acquisition involves an investment of $100 million by Zomato in the online grocer. Taking to Twitter, the anti-trust body said: "Commission approves proposed acquisition by Zomato of approximately 9.3 per cent stake in Grofers India and Hands on Trades." 'Hands on Trades' is the wholesale entity of Grofer...
CCI okays Zomato's 9.3% stake purchase in Grofers
CCI okays Zomato's 9.3% stake purchase in Grofers
Source: IANS
14/08/2021 9:25:21 AM
Zomato seeks CCI nod for 9.3% stake in Grofers Food delivery platform Zomato has sought the approval of the Competition Commission of India (CCI) to pick up 9.3 per cent stake in e-grocery major Grofers. The document filed with the anti-trust body said that the potential relevant markets or segments are highly fragmented with the presence of multiple players, including several unorganised players, who will continue to impose significant competitive constraints. "The notification form is being filed in relation to the proposed a...
Zomato seeks CCI nod for 9.3% stake in Grofers
Zomato seeks CCI nod for 9.3% stake in Grofers
Source: IANS
1/07/2021 5:19:50 PM
CCI okays Heineken's additional stake acquisition in United Breweries he Competition Commission of India (CCI) has approved the additional equity stake acquisition in United Breweries by Heineken International B.V. The proposed transaction, however, is subject to the outcome of certain court proceedings, according to a combination notice filed with the anti-trust body. In a tweet on Monday, the CCI said: "Commission approves proposed acquisition of additional equity stake in United Breweries Limited by Heineken International B.V." HIBV is an ...
CCI okays Heineken's additional stake acquisition in United Breweries
CCI okays Heineken's additional stake acquisition in United Breweries
Source: IANS
22/06/2021 9:15:04 AM
CAIT asks Goyal to direct CCI probe into Amazon, Flipkart A day after the Karnataka High Court judgement dismissing the petition of Amazon & Flipkart, the Confederation of All India Traders (CAIT) on Saturday sent a communication to Union Commerce Minister Piyush Goyal urging him to direct the Competition Commission of India (CCI) to immediately initiate investigation proceedings against Amazon and Flipkart without any further ado. The CAIT has also urged Goyal to immediately issue a fresh Press Note replacing Press Note 2 of the FDI policy w...
CAIT asks Goyal to direct CCI probe into Amazon, Flipkart
CAIT asks Goyal to direct CCI probe into Amazon, Flipkart
Source: IANS
12/06/2021 1:53:32 PM
CCI nod for Tata Digital`s acquisition of Big Basket The Competition Commission of India (CCI) has approved Tata Digital's proposed acquisition of 64.3 per cent stake in Supermarket Grocery Supplies Private Ltd (SGS), which operates the business-to-business arm of the online grocery firm BigBasket. The proposed combination involves acquisition by Tata Digital Limited (TDL) of up to 64.3 per cent of the total share capital of SGS (on a fully diluted basis) through a combination of primary and secondary acquisitions, in one or more series ...
CCI nod for Tata Digital`s acquisition of Big Basket
CCI nod for Tata Digital`s acquisition of Big Basket
Source: IANS
29/04/2021 2:17:23 PM
Tata Digital seeks CCI nod to acquire majority stake in BigBasket In what may be a major development in India's e-commerce scenario, Tata Digital has sought the approval of the Competition Commission of India (CCI) to acquire 64.3 per cent stake in Supermarket Grocery Supplies Private Ltd (SGS), which operates the business-to-business arm of the online grocery firm BigBasket. In its submission to the anti-trust body, Tata Digital, which is a wholly-owned subsidiary of Tata Sons, said that the proposed transaction involves acquisition by of up to 64.3...
Tata Digital seeks CCI nod to acquire majority stake in BigBasket
Tata Digital seeks CCI nod to acquire majority stake in BigBasket
Source: IANS
13/03/2021 10:00:20 AM
Financial health of Indian telcos to impact 5G launch: CCI Report The weak financial health of Indian telecom service providers will continue to impact the prospects of acquiring new spectrum and the subsequent launch of 5G network in the country, said a report by the Competition Commission of India (CCI). The 'Market study on the telecom sector in India' noted that spectrum ownership creates a competitive advantage for operators providing wireless access services and access to a larger quantum of the contiguous spectrum can increase operational ...
Financial health of Indian telcos to impact 5G launch: CCI Report
Financial health of Indian telcos to impact 5G launch: CCI Report
Source: IANS
25/01/2021 9:31:00 AM
Reliance shares jump 3% as Future Retail deal gets CCI nod The shares of Reliance Industries (RIL) surged over three per cent on Monday as the Competition Commission of India (CCI) has approved the proposed buyout of Future Group's retail assets by Reliance Retail Ventures Ltd. Its shares on the BSE touched an intra-day high of Rs 1,970 per share. At 11.42 a.m., the shares were trading at Rs 1,964.00, higher by Rs 64.80 or 3.41 per cent from its previous close. Shares of Future Retail also surged on Monday. Currently, its stock price on ...
Reliance shares jump 3% as Future Retail deal gets CCI nod
Reliance shares jump 3% as Future Retail deal gets CCI nod
Source: IANS
23/11/2020 11:59:53 AM