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Competition Commission of India

CCI approves merger of Mangalore Chemicals & Fertilisers with Paradeep Phosphates

CCI approves merger of Mangalore Chemicals & Fertilisers with Paradeep Phosphates

Wed, Jul 31, 2024

The 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.

Dixon Technologies gets CCI clearance to acquire majority stake in Ismartu India

Dixon Technologies gets CCI clearance to acquire majority stake in Ismartu India

Fri, Jul 19, 2024

Dixon Technologies also provides EMS for lighting solutions, television, washing machines, security systems, wearables and hearables etc.

Zee Biz Exclusive: CCI Initiates Probe Against Liquor Companies On Radico Khaitan's Complaint

Zee Biz Exclusive: CCI Initiates Probe Against Liquor Companies On Radico Khaitan's Complaint

Mon, Apr 24, 2023

Negative news has come for Liquor companies. CCI has started an investigation against Liquor companies on the complaint of Radiko Khaitan. CCI initiated a probe against UBL, Pernod Ricard, AB InBev. Know full details from Tarun Sharma.

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Govt sets up panel to review Competition Act

Govt sets up panel to review Competition Act

Sun, Sep 30, 2018

The government has constituted a panel to review the competition law, an official release said Sunday.

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.

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.

Tata Steel's Bhushan Steel bid emerges winner; price may hit Rs 35,000 cr mark

Tata Steel's Bhushan Steel bid emerges winner; price may hit Rs 35,000 cr mark

Fri, Mar 23, 2018

Tata Steel plans to double capacity to 26 million tonnes in five years. It recently commissioned a greenfield steel plant at Kalinganagar, Odisha. Bhushan Steel will help Tata Steel overtake JSW Steel to become the country's top steel producer. Bhushan Steel was on the RBI's first list of 12 companies to be referred to the National Company Tribunal Law (NCLT). Tata Steel had also participated in the bidding process for Electrosteel Steels Ltd. Its bid, however, has been challenged by Abhishek Dalmia-led Renaissance Steel India Pvt Ltd.

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.

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.

Bharti Airtel's deals with Videocon, Aircel approved: CCI

Bharti Airtel's deals with Videocon, Aircel approved: CCI

Fri, Jun 30, 2017

Under the deal, Bharti Airtel was to acquire the spectrum of Videocon Telecommunications Ltd (VTL) in six circles. In this regard, both had entered into a definitive agreement last March.

Reliance Jio seeks CCI nod for spectrum sharing with RCom

Reliance Jio seeks CCI nod for spectrum sharing with RCom

Tue, Jun 20, 2017

Mukesh Ambani-led Reliance Jio Infocomm has sought CCI approval for the proposed spectrum sharing deal with younger sibling's Reliance Communications.

Competition Commission slaps Rs 87 crore penalty on Hyundai for anti-competitive conduct

Competition Commission slaps Rs 87 crore penalty on Hyundai for anti-competitive conduct

Wed, Jun 14, 2017

Key highlights:

Govt may approve one more PSU bank consolidation by March

Govt may approve one more PSU bank consolidation by March

Fri, Jun 09, 2017

Now, the Finance Ministry is looking to replicate the model in the case of other state-run banks so that they reach critical mass to compete with global peers.

Bharti Airtel gets Sebi and Stock Exchanges approval for merger with Telenor

Bharti Airtel gets Sebi and Stock Exchanges approval for merger with Telenor

Thu, Jun 01, 2017

Bharti Airtel's merger with Telenor will enhance its foot-print in seven circles and will add up to nearly 52.5 million subscribers in its book. The scheme is filed before NCLT and is subject to other statutory approvals.

CCI approves Aceville's stake acquisition in Flipkart

CCI approves Aceville's stake acquisition in Flipkart

Tue, May 23, 2017

The Competition Commission of India (CCI) has said on Twitter on Tuesday that it has approved Singapore-based private investment holding company Aceville's acquisition of up to 6.02% stake in Flipkart.

Jio case: CCI seeks probe report on telcos in 2 months

Jio case: CCI seeks probe report on telcos in 2 months

Tue, May 16, 2017

The Competition Commission has directed its investigation arm to complete, in 60 days, the probe against incumbent operators and the industry association for colluding to deny network connectivity to newcomer Reliance Jio.

Tata Sons to seek CCI, tax authorities nod for DoCoMo payout

Tata Sons to seek CCI, tax authorities nod for DoCoMo payout

Wed, May 03, 2017

The other option was Tata purchasing the shares at the fair market value, which was Rs 23.44. However, this was not acceptable to DoCoMo and it had opted for arbitration.

RCom shareholders approve demerger of tower business

RCom shareholders approve demerger of tower business

Tue, May 02, 2017

RCom, in a BSE filing said, “The shareholders of Reliance Infratel Limited (RITL) – a subsidiary of Reliance Communication at their meeting held on April 29, 2017, have approved with 98% majority the scheme of arrangement for demerger of the tower division of the RITL into Towercom Infrastructure Private Limited (TIPL).”

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