Competition Commission of India (CCI)

CCI imposes Rs 213.14 crore penalty on meta for anti-competitive practices

Tue, Nov 19, 2024

The Commission concluded that WhatsApp, operated by Meta, holds a dominant position in the OTT messaging app market in India.

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We disagree with decision, plan to appeal: Meta on CCI imposing Rs 213-crore penalty

Tue, Nov 19, 2024

Meta and WhatsApp have also been asked to implement certain behavioural remedies within a defined timeline to address the anti-competition issues, according to a CCI order.

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NRAI seeks full access to CCI report on Zomato and Swiggy's practices

Sat, Nov 09, 2024

In March 2024, the NRAI received a partially redacted version of the CCI's investigation report.

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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. 

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CCI clears JM Financial's 43% stake buy in JM Fin Credit Solutions

Wed, Oct 09, 2024

It is engaged in wholesale lending activities with a primary focus on real estate financing and corporate financing.

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Patanjali Foods gets CCI nod for Rs 1,100-cr buyout of parent's home & personal care business

Tue, Oct 08, 2024

The Competition Commission of India (CCI) on Tuesday cleared the proposed acquisition of the home and personal care business of Patanjali Ayurved by Patanjali Foods in a Rs 1,100 crore deal.

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CCI clears Canadian pension fund's additional stake buy in infra trust

Wed, Sep 04, 2024

Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.

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CCI proposes amendments to general rules, seeks stakeholder feedback

Sat, Jun 08, 2024

These agencies, which could include, accounting firms, management consultancies, or professional organisations, will ensure compliance and reporting to any non-implementation to the CCI.

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Competition Commission clears ITC hotel demerger plan

Wed, May 29, 2024

ITC will continue to hold a 40 per cent stake, while the remaining 60 per cent will be held by the conglomerate's shareholders.

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CCI clears International Finance Corp's acquisition of debentures in Napino

Tue, Apr 23, 2024

The Competition Commission of India (CCI) has approved subscription to compulsory convertible debentures (CCDs) of Napino Auto and Electronics Limited (Napino) by International Finance Corporation, CCI said in a release.

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UltraTech Cement gets CCI's nod to acquire Kesoram Cement

Tue, Mar 19, 2024

In November last year, UltraTech Cement announced it was set to acquire the cement business of BK Birla Group's flagship company Kesoram Industries in an all-share deal, with a business valuation of approximately Rs 7,600 crore, including debt.

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Govt proposes exempting certain mergers and acquisitions deals from Competition Commission approval requirement

Mon, Mar 18, 2024

The government has proposed exempting intra-group transactions and certain other mergers and acquisitions from the requirement of Competition Commission approval, a move that is likely to help in reducing the regulatory burden on the watchdog.

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CCI approves merger of Garagepreneurs Internet Private Limited with North East Small Finance Bank

Tue, Mar 12, 2024

GIPL primarily focuses on enabling access to financial services for underbanked customers through affordable and transparent cost solutions and structures.

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Govt notifies changes in competition law related to mergers and acquisitions

Fri, Mar 08, 2024

Vaibhav Choukse, Partner and Head of Competition Law at JSA Advocates and Solicitors, said it is an important development concerning M&As in the country.

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CCI clears JSW Group's 38% stake buy in MG Motor India

Wed, Jan 24, 2024

The Commission approved acquisition by JSW Ventures Singapore Pte Ltd, for up to approximately 38 per cent of the share capital of MG Motor India Pvt Ltd

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CCI clears Emirates Telecommunications Group-Vodafone deal

Wed, Nov 29, 2023

The combination relates to Atlas 2022 Holdings Ltd's proposal to increase its voting rights/shareholding in Vodafone from 14.6 per cent to less than 25 per cent in Vodafone Group Plc.

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CCI approves Kedaara Capital Fund's acquisition of 1.74% equity stake in Lenskart, also clears acquistion of majority stake in Indira IVF by Zonnebaars

Tue, Oct 03, 2023

As per the official release, the proposed combination relates to the acquisition of approximately 1.74% of the issued share capital on a fully diluted basis of Lenskart Solutions Private Limited by Kedaara Capital Fund III LLP.

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Competition Commission of India approves proposed acquisition of Lanco Amarkantak Power Limited

Tue, Oct 03, 2023

The proposed combination relates to acquisition of 100 per cent shareholding of Lanco Amarkantak Power by PFC Projects, REC, SJVN and Damodar Valley Corporation (DVC), according to an official release.

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Cummins fails to notify Meritor acquisition to CCI, levied Rs 10 lakh as penalty

Mon, Aug 21, 2023

The Competition Commission of India (CCI) has levied a penalty of Rs 10 lakh on Cummins for failing to notify the regulator about the acquisition of sole control of Meritor.

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Competition Commission of India slaps Rs 40 lakh fine on Axis Bank

Fri, Aug 18, 2023

The Competition Commission of India (CCI) has slapped a fine of Rs 40 lakh on Axis Bank for failing to notify the regulator about its acquisition of a stake in CSC e-Governance.

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CCI clears proposed investment by Qatar Investment Authority in BTS Investment 1 Pte

Thu, Mar 23, 2023

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Corp Affairs Ministry gets Rs 756 crore budgetary allocation

Wed, Feb 01, 2023

In 2022-23, the total allocation was initially at Rs 733.02 crore, and the same was sharply revised to Rs 630.36 crore, according to the Union Budget 2023-24 presented in Parliament on Wednesday.

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Google to allow users in India to choose default search engine on Android phones

Wed, Jan 25, 2023

In October last year, CCI had in its order said that licensing of Google's Play Store "shall not be linked with the requirement of pre-installing" Google search services, the Chrome browser, YouTube or any other Google applications.

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