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Bharti Airtel gets CCI nod to increase stake in Indus Tower to over 50%

Bharti Airtel gets CCI nod to increase stake in Indus Tower to over 50%

Tue, Oct 22, 2024

The Competition Commission of India (CCI) on Tuesday cleared Bharti Airtel's proposal to increase its stake in Indus Towers, following a buyback of shares by the telecom infrastructure company. Indus Towers is a passive telecom infrastructure provider.

Zbiz Exclusive: CCI Investigates Flipkart, Amazon, Mobile Manufacturers - What's the Buzz?

Zbiz Exclusive: CCI Investigates Flipkart, Amazon, Mobile Manufacturers - What's the Buzz?

Fri, Apr 26, 2024

CCI investigation against Flipkart, Amazon, mobile manufacturers - CCI found irregularities in the investigation - Evidence of business found against Amazon, Flipkart in Indian market - Amazon, Flipkart were themselves taking business decisions of associate companies. - The nexus of Amazon and Flipkart with mobile manufacturers also came to light. - Know the complete news from Tarun Sharma...

AI can drive efficiency, but raises market concentration concerns: CCI chief Ravneet Kaur

AI can drive efficiency, but raises market concentration concerns: CCI chief Ravneet Kaur

Sun, Apr 07, 2024

The watchdog CCI, which has the mandate to curb anti-competitive ways and foster fair competition, will soon commission a study to look at all aspects of artificial intelligence (AI).

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Competition Commission rejects complaint against CIBIL

Competition Commission rejects complaint against CIBIL

Sat, Nov 24, 2018

Among others, it was alleged that CIBIL did not update his data resulting in lower credit score and that amounted to abuse of dominant position.

CCI probing alleged fixing of airfares, looking at algorithms used by airlines By Manoj Rammohan

CCI probing alleged fixing of airfares, looking at algorithms used by airlines By Manoj Rammohan

Thu, Nov 01, 2018

The Competition Commission is looking at algorithms used by airlines to determine fares, as part of a detailed probe into alleged fixing of air ticket prices, according to its chief Sudhir Mital.

Relief for DLF: CCI dismisses two complaints against realty major

Relief for DLF: CCI dismisses two complaints against realty major

Sun, Sep 02, 2018

For the cases, the Competition Commission of India (CCI) considered the market for 'provision of services for development and sale of residential apartments/ flats in Gurgaon' as the relevant one.

Competition Commission imposes Rs 10 cr penalty on Geep Industries (India), 3 others

Competition Commission imposes Rs 10 cr penalty on Geep Industries (India), 3 others

Fri, Aug 31, 2018

The Competition Commission today imposed a total penalty Rs 9.69 crore on Geep Industries (India) and three individuals, including a senior official of the firm, for cartelisation in sale of dry cell batteries.

Walmart-Flipkart deal: CCI says discounting practice 'already prevalent', no bar on it to probe

Walmart-Flipkart deal: CCI says discounting practice 'already prevalent', no bar on it to probe

Sun, Aug 12, 2018

Walmart-Flipkart deal: Having cleared global retail giant Walmart's USD 16 billion acquisition of home-grown Flipkart, fair trade watchdog CCI has opined that complaints about the deal violating FDI rules "may merit policy intervention" but do not fall under its ambit.

NCLAT dismisses cement manufacturers' plea against Rs 6,300 cr CCI penalty for cartelisation

NCLAT dismisses cement manufacturers' plea against Rs 6,300 cr CCI penalty for cartelisation

Thu, Jul 26, 2018

In August 2016, CCI had slapped approximately Rs 6,700 crore penalty on 11 cement firms including UltraTech, ACC, Ambuja, Ramco and JK Cement as well as the industry body Cement Manufacturers' Association (CMA) for indulging in cartelisation.

Walmart India, Flipkart top executives meet CCI; apprise of biz activities

Walmart India, Flipkart top executives meet CCI; apprise of biz activities

Wed, May 23, 2018

Top executives of Walmart India and Flipkart today met fair trade regulator CCI to explain their activities in the country, days after submitting an application seeking approval for their USD 16-billion mega merger deal.

CCI clears Bayer's deal for Monsanto

CCI clears Bayer's deal for Monsanto

Tue, May 22, 2018

Competition Commission of India (CCI) has approved the acquisition of U.S. seed major Monsanto Co by Bayer AG, in a decision that moves the $62.5 billion deal a step closer to the finish line. German conglomerate Bayer is preparing to close the takeover this quarter, giving it control of more than 25 percent of the world`s seed and pesticides market.

CCI approves JSW-led consortium bid to acquire Monnet Ispat

CCI approves JSW-led consortium bid to acquire Monnet Ispat

Sat, May 12, 2018

The committee of creditors (CoC) of Monnet Ispat and Energy, which is undergoing insolvency proceedings, had on April 12 approved the resolution plan submitted by the only bidder Sajjan Jindal's JSW Steel along with AION Capital

No cartelisation among banks in fixing savings bank rates, says CCI

No cartelisation among banks in fixing savings bank rates, says CCI

Tue, Apr 24, 2018

The fair trade watchdog Competition Commission of India (CCI) examined the parallel behaviour of banks in offering similar savings bank interest rates (SBIRs) and levying similar service charges on a suo motu basis. It also looked at the role, if any, played by the Indian Banks' Association (IBA) in determining these rates and charges

Flipkart-Amazon combine may face scrutiny for competition aspects

Flipkart-Amazon combine may face scrutiny for competition aspects

Sun, Apr 08, 2018

While there is no formal announcement from any quarter on the possible multi-billion dollar deal, reports indicate that discussions involving Flipkart and Amazon are going on. Engaged in intense competition, home-grown Flipkart and Amazon India are leading players in the Indian online retail market place . Deals beyond a certain threshold require the approval of Competition Commission of India (CCI) before they are consummated

CCI clears UltraTech's acquisition of Binani Cement

CCI clears UltraTech's acquisition of Binani Cement

Wed, Mar 28, 2018

The Competition Commission of India (CCI) in a tweet today said it has not found any "appreciable adverse effect on competition (AAEC) in respect of UltraTech Cement's proposed acquisition of 100 per cent shares of Binani Cement." Binani Industries Ltd (BIL) -- the promoter firm of BCL -- had approached UltraTech for arranging funds to pay off the lenders.

Honda Motorcycle faces crackdown in India, here is why

Honda Motorcycle faces crackdown in India, here is why

Thu, Mar 15, 2018

After finding prima-facie evidence of competition norm violations, the watchdog has decided to carry out a detailed probe against Honda Motorcycle and Scooter India (HMSI).

Competition Commission slaps Rs 52-cr penalty on BCCI

Wed, Nov 29, 2017

In its 44-page order, the Competition Commission of India (CCI) said the penalty of Rs 52.24 crore comes to nearly 4.48 per cent of the average of the BCCI's relevant turnover during the last three financial years.

CCI clears GIC's Rs 9,000 crore deal with DLF's rental arm

CCI clears GIC's Rs 9,000 crore deal with DLF's rental arm

Sat, Nov 04, 2017

The Competition Commission has approved Singapore's sovereign wealth fund GIC's plan to acquire 33 per cent stake in DLF Cyber City Developers for Rs 8,900 crore.

Consumer confidence in India drops in Apr-Jun: Nielsen

Consumer confidence in India drops in Apr-Jun: Nielsen

Mon, Aug 21, 2017

Consumer confidence in India declined in the second quarter of this year amid concerns regarding job security and lower optimism on employment prospects, says market insight firm Nielsen.

Idea-Vodafone merger gets go-ahead from Sebi, exchanges

Idea-Vodafone merger gets go-ahead from Sebi, exchanges

Mon, Aug 07, 2017

The go-head from Sebi and the exchanges will allow the the $23 billion merger deal between Idea Cellular and Vodafone India to go ahead.

Idea Cellular hopes to complete merger with Vodafone India by 2018

Idea Cellular hopes to complete merger with Vodafone India by 2018

Tue, Jul 25, 2017

In May, Idea Cellular and Vodafone India had approached CCI regarding the proposed merger and were awaiting the fair trade regulator's nod in this regard.

Competition Commission of India approves Idea Cellular-Vodafone India merger plans, report says

Competition Commission of India approves Idea Cellular-Vodafone India merger plans, report says

Mon, Jul 24, 2017

In March, Aditya Birla Group's telecom arm, Idea Cellular had informed the regulatory bodies that its board of directors have approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services with itself.

CCI approves SoftBank's 20% stake acquisition in Paytm's parent One97 Communications

CCI approves SoftBank's 20% stake acquisition in Paytm's parent One97 Communications

Tue, Jul 18, 2017

CCI has approved stake acquisition by SoftBank in Paytm's parent company - One97 Communications.

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