Competition Commission Of India Cci

Zomato, Swiggy deny CCI antitrust violations, say media report 'misleading'

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

CCI proposes changes to penalty recovery rules, seeks feedback by Dec 6

The Competition Commission of India (CCI) on Thursday proposed amendments to improve the efficiency and structure of its penalty recovery process. Inviting comments by December 6, the CCI said the proposed changes target procedural clarity and effectiveness in recovering penalties levied for violations of the Competition Act, 2002. "Based on the experience gained during implementation of these regulations over the years and to streamline the process of recovery, certain amendments are deemed fit to be incorporated in the said regulations. "Accordingly, such amendments are being proposed to the Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2011," CCI said in a release. The amendments are proposed after challenges encountered in implementing these rules over the years and aim to improve regulatory compliance and efficiency. The key aspects of the draft amendments, including procedures for issuing demand notices and recovery certificates, ...

Karnataka HC halts CCI probe against Flipkart, Amazon over procedural error

The DG reclassified sellers initially listed as "third parties" to "opposite parties" without seeking prior approval from the CCI, which contravened standard procedures

Govt notifies Apr 1, 2025, as sunset date for GST anti-profiteering

The government has notified April 1, 2025, as the sunset date for the anti-profiteering clause in the GST law. Also, from October 1 all pending complaints under the anti-profiteering provisions will be handled by the Principal bench of the GST Appellate Tribunal (GSTAT), instead of the Competition Commission of India (CCI), the GST policy wing of the government said in another notification. These notifications follow the recommendations of the GST Council, which in its 53rd meeting on June 22, had recommended to amend Section 171 and Section 109 of CGST Act, 2017 to provide a sunset clause for anti-profiteering under GST and to provide for the handling of anti-profiteering cases by Principal bench of GSTAT. Council has also recommended the sunset date of April 1, 2025, for receipt of any new application regarding anti-profiteering. The notification by the GST policy wing would mean that from April 1, 2025, consumers would not be able to file complaints regarding profiteering by ...

CCI's latest merger overhaul may push deal timelines, increase filings

The amendments bring welcome changes like shorter assessment timelines and CCI hearings, but experts believe they may hinder ongoing deals and increase workload

CCI warns staff over unauthorised media contacts, information disclosure

CCI is investigating high-profile companies and reviewing deals involving the likes of Amazon, Walmart's Flipkart, Reliance, Walt Disney and liquor maker Pernod Ricard

CCI orders probe into Google's practices over Play Store policies

Asks the Director General to submit a report within 60 days

CCI approves JSW Group's acquisition of up to 38% in MG Motor India

In November last year, the JSW Group had announced the acquisition of a 35 per cent stake in MG Motor India

CCI clears Alpha Alternatives Group stake purchase in Dilip Buildcon

Fair trade regulator Competition Commission of India (CCI) has granted an approval to Alpha Alternatives Group for the acquisition of a 10 per cent stake in Dilip Buildcon, according to a notice. The CCI cleared the deal under the green channel route. The transaction involves the acquisition of 9.99 per cent of the equity stake in DBL by way of subscription to warrants by Alpha Alternatives Holdings Pvt Ltd (AAHPL), and its other entities, the CCI said in the notice on Friday. The commission has also approved the acquisition of 26 per cent equity shareholding and investment in certain non-convertible debentures (NCDs) in DBL's Special Purpose Vehicles (SPVs) by AAHPL along with its affiliates. The SPVs operate Hybrid Annuity Model (HAM) projects (constructed and under-construction projects) engaged in the road infrastructure sector in India. AAHPL is a multi-asset class asset management firm that raises capital and manages investments on behalf of its clients. In November, engine

Disney-Reliance merger may be beset with antitrust headaches: Experts

One key area of regulatory scrutiny for a Disney-Reliance merger would be their streaming businesses and their power over advertising during cricket

CCI proposes fees to file applications, seeks stateholders' comments

The CCI has proposed introduction of fees for filing miscellaneous applications in a bid to expedite case disposal by discouraging unnecessary requests and fostering a more disciplined approach to proceedings. The fair trade regulator has invited stakeholder comments on the proposed regulation. The measure is aimed at streamlining the process and ensuring a more efficient resolution of cases before the commission. "In order to monitor and tracking of interlocutory application for speedy disposal of cases, every such application is required to be registered in running number and to be accompanied with a certain fee," CCI said in its notice. The Competition Commission of India (CCI) has invited stakeholders to submit their comments by January 1, 2024 on the draft amendment in CCI (General) Regulation 2009, the regulator said in a notice on Tuesday. The proposed amendment will involve levying fees for applications that seek adjournments, extensions, cross-examinations, the establishm

CCI conducting market study on AI to assess competition landscape

Fair trade watchdog CCI is conducting a market study to assess the impact of artificial intelligence on the competition landscape, the regulator's chief Ravneet Kaur said on Friday. In recent times, there has been an increasing use of artificial intelligence (AI) applications in several sectors. "We are doing a market study on artificial intelligence... In that study (we will) try to understand the dynamics better. We can differentiate what kind of AI that we would like to support and which one is stifling competition," Kaur said at an event organized by industry chamber FICCI here. This can provide valuable insights into the competitive landscape. The CCI has the mandate to curb unfair business practices in the marketplace across sectors and also promote fair competition. Since its inception, the CCI has cleared 1,000 combinations, mergers & acquisitions cases, Kaur said. The CCI has played a key role in regulating and ensuring a competitive market in the country.

CCI approves acquisition of additional stake in Niva Bupa Health Insurance

Fair trade regulator CCI on Thursday approved the acquisition of an additional stake in Niva Bupa Health Insurance Company by Bupa Singapore Holdings Pte. Bupa Singapore Holdings is a shareholder of Niva Bupa and a subsidiary of international healthcare group The British United Provident Association Ltd (Bupa). The transaction relates to the secondary purchase of shares by Bupa Singapore Holdings in the Niva Bupa Health Insurance Company from Fettle Tone LLP. After the transaction, the shareholding of Bupa Singapore Holdings will increase to 63 per cent in Niva Bupa Health Insurance. Niva Bupa Health Insurance provides insurance policies in India, while Fettle Tone LLP is a special purpose vehicle (SPV) set up by private equity firm True North Fund. The Competition Commission of India (CCI) said it has cleared the deal under the green channel route. "Apart from the Bupa Singapore Holdings's (Acquirer) and Bupa's existing interests in Niva Bupa (Target), there are no horizontal ..

Deepak Anurag sworn in as member of Competition Commission of India

Deepak Anurag, retired additional deputy comptroller and auditor general of India, was sworn in as member of fair trade regulator Competition Commission on Monday. The Competition Commission of India (CCI) now has four members, including Chairperson Ravneet Kaur. Anurag was sworn in as member on Monday, according to a post by CCI on social media platform X. According to his LinkedIn profile, Anurag is a retired additional deputy comptroller and auditor general of India, at the Office of Comptroller and Auditor General of India. CCI also shared pictures of the member being sworn in on Monday. Last month, lawyer Sweta Kakkad and retired police officer Anil Kumar Agrawal were sworn in as members of the CCI. Kaur took charge as the Chairperson in May. The fair trade regulator is pursuing various cases, including those related to digital space, as well as dealing with all complaints related to GST profiteering.

AI, Singapore Airlines to maintain minimum capacity on certain routes

Air India and Singapore Airlines will ensure minimum capacity on various domestic and international routes, including Delhi-Sydney and Delhi-Paris, as part of commitments made to fair trade regulator CCI to address possible competition concerns arising out of the Vistara merger. Competition Commission of India (CCI), on September 1, approved the proposed merger of Vistara with Air India under a deal wherein Singapore Airlines will also acquire a 25.1 per cent stake in Air India. Certain competition concerns due to the proposed merger were raised by the watchdog and to address them, the airlines have given certain commitments with respect to the merger. As per the commitments, Air India has voluntarily offered to maintain "minimum capacity/ supply level" on certain overlapping O&D (Origin & Destination) domestic and overseas routes. They are Bhubaneshwar-Delhi, Bengaluru-Guwahati, Cochin-Delhi, Delhi-Thiruvananthapuram, Amritsar-Delhi, Bhubaneshwar-Mumbai and Bengaluru-Delhi in

CCI slaps Rs 55 lakh penalty on ADIA, TPG Group for false declarations

The Competition Commission of India has slapped penalties totalling Rs 55 lakh on Abu Dhabi Investment Authority (ADIA) and TPG Group for making false declarations before the regulator while availing the green channel facility in a deal related to the acquisition of a stake in UPL Sustainable Agri Solutions Ltd (UPL SAS). The acquirers, ADIA and TPG Group, shall pay the penalty jointly and severally, the CCI order said. The transaction pertains to the combination comprising the acquisition of a stake in UPL SAS by Platinum Trust and TPG Upswing through the Upswing Trust, the CCI said in the order. Abu Dhabi Investment Authority is the sole beneficiary and settlor of the Platinum Trust, while TPG Upswing is a part of the TPG Group. In December 2022, the Competition Commission of India (CCI) received a notice jointly given by Platinum Trust, acting through Platinum Trustee, and TPG Upswing in relation to the combination. The regulator noted that the UPL SAS acquisition has been ...

CCI brings draft regulations for Settlement and Commitment scheme

The antitrust watchdog has invited stakeholders to submit written comments on these draft regulations within 21 days ending September 13, 2023

CCI allows Apax Partners to acquire 30% stake in IBS Software Pte

Fair trade regulator Competition Commission of India (CCI) on Wednesday said it has approved Apax Partners' proposed acquisition of the stake in IBS Software Pte. The proposed combination relates to the acquisition of approximately 30 per cent of the issued share capital on a fully diluted basis of IBS Software Pte Ltd from Techware Singapore Holdings Pte Ltd, a portfolio company of Blackstone Inc by Pelipper HoldCo SARL, according to an official release. Pelipper HoldCo SARL is a special-purpose vehicle indirectly wholly owned by investment funds advised by Apax Partners LLP. IBS Software Pte is the parent company of the IBS group of companies, which is mainly active as a software vendor and predominantly for the aviation and travel industry. In May this year, global travel and logistics SaaS company IBS Software said Apax Funds will buy a minority stake in the company for USD 450 million. Post the latest transaction, IBS Software's Founder and Executive Chairman V K Mathews will

Competition Comm approves Toshiba Corporation-TBJH deal

Fair trade regulator CCI has approved the proposed deal involving Toshiba Corporation and TBJH Inc, an indirect subsidiary of private equity firm Japan Industrial Partners. The deal has been cleared under the green channel route. The combination relates to TBJH Inc acquiring the complete shareholding of Toshiba Corporation. Toshiba is a Japanese multinational conglomerate. In March, TBJH Inc announced that it will buy out all of Toshiba's shares listed on the Nagoya and Tokyo stock exchanges and take the business private. The Competition Commission of India (CCI) said it has cleared the deal. "The parties (including their affiliates) activities do not exhibit any horizontal, vertical, or complementary overlaps in any of the plausible relevant markets in India. "The proposed combination is being notified under the green channel route," according to an update on CCI's website on Tuesday. Under the green channel route, a transaction which does not raise any risk of an appreciable

Vistara to respond to CCI queries by month end, says CEO Vinod Kannan

Vistara CEO Vinod Kannan on Monday said the airline will submit its response to the Competition Commission's queries on the proposed merger with Air India by the end of this month and expressed confidence of receiving all regulatory approvals by early next year. The Competition Commission of India (CCI) has sought more details on the merger of Vistara with Air India, a deal that was announced in November last year. "There are certain questions that have been asked. We are going to give our response to the CCI by the end of this month. Then, the CCI will decide whether it needs to go to phase two or needs further clarification," Kannan said here. As per CCI norms, in case there are anti-competitive concerns, it can go for a detailed scrutiny which is generally called phase two of the approval process. Kannan said Vistara is expecting to have all regulatory approvals in place by early next fiscal. "The merger with Air India is on track". The airline has applied for approval for the