Business Standard

Tuesday, December 24, 2024 | 05:05 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

CCI slaps penalties totalling Rs 392 cr on MakeMyTrip, Goibibo, OYO

The CCI has also directed MakeMyTrip and Goibibo to amend its market behaviour

Photo: OYO Hotels & Homes
Premium

Photo: OYO Hotels & Homes

Press Trust of India New Delhi
The Competition Commission on Wednesday slapped penalties totalling more than Rs 392 crore on online travel firms MakeMyTrip, Goibibo and hospitality services provider OYO for unfair business practices.

A fine of Rs 223.48 crore has been slapped on Make My Trip-Goibibo (MMT-Go) and Rs 168.88 crore on OYO, according to a 131-page order.

Among others, it was alleged that MMT-Go imposed a price parity in their agreements with hotel partners. Under such pacts, the hotel partners are not allowed to sell their rooms on any other platform or on its own online portal at a price below the price at

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : CCI Oyo

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in