CCI

The draft Digital Competition Bill has proposed ex-ante (preventative) regulations requiring digital companies to notify the CCI that they fulfil the criteria to qualify as SSDEs

Tech giant Samsung has challenged the legality of a 2022 CCI search and seizure, claiming the cloning of its employees' phones and data was illegal

The Competition Commission of India (CCI) on Tuesday said it has cleared Blackstone's arm BREP Asia III India Holding Co VIII's proposed acquisition of stakes in Bagmane Developers and Bagmane Rio. US-based Blackstone is the world's largest alternative asset manager, with more than USD 1 trillion in assets under management (AUM). "The proposed combination involves the acquisition of certain stake in the Bagmane Developers and Bagmane Rio (Target entities) by BREP Asia III India Holding Co VIII (Acquirer)," CCI said in a release. Bagmane Developers and Bagmane Rio are engaged in the business of development, leasing and operation of commercial real estate, hospitality business as well as allied services such as generation of renewable power. "Commission approves the acquisition of certain stake in Bagmane Developers Pvt Ltd and Bagmane Rio Pvt Limited by BREP Asia III India Holding Co VIII Pte Ltd," the regulator said. In a separate release on Tuesday, CCI said it approved the propo

Fair trade regulator CCI on Tuesday said it has approved Abu Dhabi National Oil Company's (ADNOC) proposal to acquire Covestro for USD 16.4 billion. Abu Dhabi's state-owned oil firm ADNOC is an energy and petrochemicals group. "The proposed transaction relates to the acquisition of up to 100 per cent of the share capital of Covestro AG by ADNOC PJSC, ADNOC International Ltd and ADNOC International Germany Holding AG (ADNOC Germany) by way of an all-cash voluntary public takeover offer to all Covestro shareholders. "Upon closing of the public takeover, ADNOC Germany will additionally subscribe to 1.89 crore new shares in Covestro, corresponding to 10 per cent of Covestro's current share capital, by means of a capital increase against cash consideration with the exclusion of subscription rights of any remaining minority shareholders of Covestro," the Competition Commission of India (CCI) said in a release. The company runs its India operations through Covestro (India) Pvt Ltd. Coves

The commission's investigation unit concluded in August that Amazon and Flipkart breached India's antitrust laws by favouring selected sellers on their websites

Leading cement maker UltraTech Cement has received a notice from the fair trade regulator CCI over its proposed acquisition of the South-based India Cements Ltd. UltraTech Cement, in a regulatory filing, said it has received notice from the Competition Commission of India (CCI), and the Aditya Birla group flagship firm is confident in the merits of its case. "The Company has received a communication from the Competition Commission of India under Section 29 (1) of the Competition Act, 2002, regarding the proposed acquisition of The India Cements Ltd. The Company will be responding to the same," said UltraTech. The southern market for grey cement, where India Cements primarily operates, is highly competitive and fragmented, with the presence of over 35 grey cement manufacturers. "We are confident of the merits of our case," the Aditya Birla Group firm said. Under the CCI Act, where the fair trade regulator is of the opinion that a combination is "likely to cause, or has caused an ..

The Competition Commission of India (CCI) on Tuesday approved a proposed transaction involving GMR Infra Enterprises Pvt Ltd and a trust of the Abu Dhabi Investment Authority. The proposed combination involves subscription to unlisted and unrated optionally convertible debentures of GMR Infra Enterprises by Platinum Stone A 2014 Trust (acting through its trustee Platinum Rock B 2014 RSC Ltd), according to a release. The Abu Dhabi Investment Authority is the sole beneficiary of Platinumb Stone. GMR Infra Enterprises Pvt Ltd will acquire a cumulative of approximately 9 per cent stake on a fully diluted basis of GMR Airports Ltd (GAL) from its promoter -- GMR Enterprises Pvt Ltd (GEPL). The shareholding of GAL held by GMR Infra Enterprises will be pledged in favour of the trust with a view to secure the debenture subscription amount, the release said. The Competition Commission of India (CCI) has given its nod for the deal. In October, GMR Group said it has secured Rs 6,300 crore de

Fair trade regulator CCI on Thursday ordered a probe against Google and its affiliates for alleged unfair business practices with respect to listing of real money gaming apps on Play Store. While passing the order, CCI said the "the Commission directs the Director General ('DG') to cause an investigation to be made into the matter under the provisions of Section 26(1) of the Act". The Commission also directed the DG to complete the investigation and submit a consolidated report within 60 days. The probe follows a complaint by Winzo Games, accusing Google of abusing its dominant position and unfairly favouring select gaming categories, thereby distorting competition. In its 24-page order, the regulator noted that the selective inclusion of DFS and Rummy apps gives them an undue competitive advantage. "Direct access to end-users via the dominant Play Store provides a significant edge to DFS and Rummy apps, potentially disadvantaging other RMG applications," the Commission said in it

Apple asked the CCI "to take action against TWFS for non-compliance with its order" and "to withhold the revised" report, the CCI order, dated Nov. 13, seen by Reuters showed

Trade associations should work within the framework of the competition law as their activities can sometime lead to unintended consequences such as anti-competitive practices, CCI Chairperson Ravneet Kaur said on Friday. The Competition Commission of India (CCI) works to promote fair competition and curb unfair business ways in the market place. Addressing a regional workshop on competition law in Kolkata organised by CCI, along with Merchants' Chamber of Commerce & Industry, Kaur highlighted the instrumental role played by trade and industry chambers in providing a platform for engaging in open dialogue and maintaining a level-playing field. She said trade associations have to operate within the framework of competition law, according to a release issued by the regulator. The influence wielded by trade associations can sometimes lead to unintended consequences, such as the facilitation of anti-competitive agreements or practices, she said, adding that CCI will work proactively ...

On Monday, CCI imposed a penalty of Rs 213.14 crore on Meta for abusing its dominant position

The Competition Commission of India has accused Meta-owned WhatsApp of abusing its dominant market position in its 2021 privacy update. Here's all you need to know

Second instance of big tech penalised for abusing dominant position

Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a Rs 8,100-crore deal. According to a CCI notice, the proposed transaction is a two-stage acquisition process, initiated through two share purchase agreements (SPAs) on October 22, 2024, will see Ambuja Cements initially acquiring a 46.80 per cent stake in Orient Cement. This includes a 37.90 per cent stake from the current promoter group and an additional 8.90 per cent from certain public shareholders. Pursuant to the acquisition of shares, it "triggers an obligation on the acquirer to make an open offer under Sebi's SAST (Substantial Acquisition of Shares and Takeovers) rules for acquisition of up to 26 per cent of the expanded share capital of the target (open offer)", according to the notice. Assuming full acceptance of open offer, the stake of Ambuja Cements will stand at 72.8 per cent, said a not

Deepinder Goyal-led Zomato clarified to the BSE that although the CCI initiated a preliminary investigation in April 2022, no findings or orders have been issued against the food delivery platform

The CCI documents are not public, in line with its confidentiality rules, and were shared with Swiggy, Zomato and the complainant restaurant groups in March 2024

The CCI found that Zomato signed 'exclusivity contracts' for lower commissions, while Swiggy promised business growth to restaurants listing exclusively on its platform

The NCLAT on Friday upheld a CCI order that rejected a plea by the Travel Agents Association of India (TAAI) alleging anti-competitive practise by the government by exclusively using the services of their own agencies. A three-member bench also imposed a cost of Rs 5 lakh, observing that Government of India cannot be considered as an enterprise. The case pertains to a direction issued by the Department of Expenditure(DoE) in March 2006 to all government officials, including employees of PSU units to exclusively utilise the services of either Balmer Lawrie & Co or Ashok Travels and Tours. Balmer Lawrie & Co is a company under Ministry of Petroleum & Natural Gas while Ashok Travels and Tours is a division of state-owned India Tourism Development Corporation. Terming the directive anti-competitive, TAAI approached CCI alleging that it has restricted the market access for travel agent services for booking air tickets for the last 14 years and adversely impacted the benefits ..

The Competition Commission of India (CCI) on Tuesday published the 48-page detailed order approving the mega media assets merger of Reliance Industries and Walt Disney, entailing various conditions, including divestment of seven TV channels. As part of seeking the regulator's approval, the parties have voluntarily agreed that they will not bundle TV ad slots for IPL, ICC and BCCI cricketing rights till the end of existing rights. Also, the parties will sell seven TV channels, including Hungama and Super Hungama. Among other conditions, the companies have voluntarily agreed that they will not bundle together the TV ad slot sales for all three cricketing rights available with them -- IPL, ICC and BCCI -- for the remaining tenure of the existing rights. "The parties will not bundle together OTT ad slot sales for all three cricketing rights available with the parties i.e. IPL, ICC and BCCI for the balance tenure of the existing rights," the 48-page order said. The parties have given a

The association has also sought to facilitate a dialogue among all stakeholders, including FMCG companies