Page 10 - Competition Commission Of India

Google 'repeatedly disobeying' CCI's orders on billing: Startup think tank

Accuses tech giant of charging an "exorbitant" commission without providing additional service, while India's entire payment industry is working on 1-5% service fees

Competition Commission conducting inquiries against big tech firms: Govt

Competition Commission is conducting inquiries against Amazon, Flipkart, Zomato, Swiggy, BookMyShow, Apple, WhatsApp, Facebook (Meta) and Google for alleged anti-competitive practices, the government said on Tuesday. To a query in the Rajya Sabha on whether the government is aware of the fact that anti-competitive practices are indulged by big tech companies like Amazon, Flipkart, Google, Meta, Twitter, Apple, Facebook, Twitter and Google etc in the country, Union Minister Nirmala Sitharaman replied in the affirmative. In a written reply, the Finance and Corporate Affairs Minister said the Competition Commission of India (CCI) after conducting inquiries in three different cases, passed orders in the matter related to Google on January 31, 2018, October 20, 2022, and October 25, 2022. In the matter related to MakeMyTrip-Go and OYO, the order was passed on October 19, 2022. "Appeals have been filed against these orders passed by CCI. Inquiries against Amazon, Flipkart, Zomato, Swiggy

Competition Commission clears proposed JM Baxi Ports deal with HAL

Competition Commission has cleared the proposed acquisition of certain shareholding of JM Baxi Ports and Logistics Ltd by Germany's HLAG. The acquisition would be done by HL Terminal Holding B.V., a wholly-owned subsidiary of Hapag Lloyd Aktiengesellschaft. JM Baxi Ports is a private terminal and inland transport service provider in India. In a release on Monday, Competition Commission of India (CCI) said it has given the approval for the acquisition of shareholding of JM Baxi Ports HL Terminal Holding B.V. The acquiring entity has been set up to serve as a strategic/investment holding company for the port terminal business of HLAG. HLAG is the parent company of the acquirer group, which is headquartered in Germany. It is active in the maritime sector. Separately, CCI has given its nod for the acquisition of share capital of NSPIRA Management Services Pvt Ltd by three individuals -- Puneet Kothapa, Ponguru Sindhura and Ponguru Sharani. Currently, the acquirers collectively hold

CCI to set up in-house digital mkt data unit for regulating tech platforms

Jyoti Jindgar Bhanot, secretary of the CCI, emphasised on early intervention as a key to ensure that competitive landscape in digital markets is not distorted beyond repair

CCI allows AGI Greenpac to acquire Hindusthan National Glass & Industries

AGI Greenpac has received approval from Competition Commission of India for the proposed acquisition of Hindusthan National Glass & Industries Limited through Corporate Insolvency Resolution Process

Reliance buyout of METRO Cash & Carry India gets CCI's clearance

METRO India began operations in India in 2003 and was the first company to introduce a cash-and-carry business format in the country

Top headlines: Russia still India's main arms supplier, SVB fallout

Business Standard brings you the top headlines at this hour

Competition Commission of India squeezed by staff vacancies, workload

A void at the top rung of India's competition agency underscores a chronic resource crunch and is undermining its capacity to regulate major companies in the world's fifth-largest economy

Competition Commission of India squeezed by staff vacancies and workload

The Competition Commission of India, which has imposed million dollar penalties on Alphabet Inc.'s Google to Amazon.com Inc., is functioning with just two members

Google's non-compliance will hit us hard, lament leading Indian startups

Leading startups gathered under one roof to brainstorm on implications of Google's User Choice Billing system, saying Google's non-compliance with CCI orders will only harm the startup ecosystem

Google disobeying CCI orders blatantly: Digital start-up thinktank

The CCI in October 2022 directed Google to make significant changes to its Play Store policies after it found several anti-competitive practices on the platform

Like Google, Apple may now be asked by CCI to change app store policy

In December 2021, CCI had initiated a probe into Apple's policies following allegations by Together We Fight Society about its high commission and lack of third party options

Like Google, Apple may now be asked by CCI to change app store policy

In December 2021, CCI had initiated a probe into Apple's policies following allegations by Together We Fight Society about its high commission and lack of third party options

Competition Comm approves NIIF's stake purchase in Hindustan Ports

The Competition Commission of India (CCI) on Thursday cleared the acquisition of stake in Hindustan Ports Pvt Ltd by National Investment and Infrastructure Fund (NIIF). The proposed transaction relates to NIIF's acquisition of up to 25 per cent in Hindustan Ports Pvt Ltd (HPPL). The regulator also approved the merger of Hindustan Infralog Pvt Ltd (HIPL) into HPPL. In a tweet on Thursday, the CCI said it has approved the "acquisition of up to 25 per cent shareholding in HPPL by National Investment and Infrastructure Fund and proposed merger of HIPL into HPPL". Last year in June, NIIF said it has invested Rs 2,250 crore in HPPL, a local arm of UAE's DP world. NIIF is an alternative investment fund and is sponsored and anchored by the government. HIPL and HPPL are engaged in providing container terminal services. In a separate tweet, the watchdog said it has given its nod to acquisition of 100 per cent equity shareholding of Lanco Anpara Power Ltd (LAPL) by Megha Engineering and ...

Competition Bill may propose levying penalty on firms' global turnover

The suggestion to allow cartels to opt for the settlement scheme is also likely to be introduced in the Bill

CCI meeting this Thursday to clear 20 merger deals pending approval

Decision on these applications had been delayed due to lack of full strength of CCI quorum

Competition Commission to invoke 'doctrine of necessity' for M&A deals

In a significant move, the Competition Commission in the absence of requisite quorum will soon invoke the 'doctrine of necessity' principle to examine merger and acquisition deals, according to sources. Currently, the Competition Commission of India (CCI) has only two members and the post of Chairperson is vacant since Ashok Kumar Gupta retired on October 25, 2022. For examining mergers and acquisitions, also known as combinations in the CCI parlance, the fair trade regulator needs a quorum of three members. Since there is a lack of quorum, many deals are awaiting approvals. Against this backdrop, the sources said that Attorney General R Venkataramani has given a favourable opinion to the corporate affairs ministry with respect to the CCI invoking the 'doctrine of necessity' for examining combinations. Generally, the 'doctrine of necessity' allows carrying out certain activities which are not permitted in the normal course. The corporate affairs ministry is the administrative mini

Govt exploring legal options on pending CCI approval of 16 mergers

Seeks solutions within statutory framework of Competition Act to speed up approvals

Google acts on CCI order: Android users can now pick default search engine

Says will take time to make all the changes that CCI has asked for

Govt extends tenure of Sangeeta Verma as CCI's acting Chairperson

The government has extended the tenure of Sangeeta Verma as the acting Chairperson of the Competition Commission of India (CCI). Verma has been the acting Chairperson of the anti-trust regulator since October last year after Ashok Kumar Gupta demitted office as the full-time Chairperson. According to an official communication issued by the corporate affairs ministry on Tuesday, Verma shall act as the acting Chairperson ""until the date on which new Chairperson is appointed or till any further orders in this regard". She is a member at the regulator.