Page 12 - Competition Commission Of India

Competition (Amendment) Bill: Panel wants annual review of deal valuations

Proposed Settlement and commitment mechanism

GST superstructure lacks some basic features even after 5 years

Currently, there is no appellate mechanism in place for rulings by the GST authorities and a group of ministers is deliberating on it

India-EU Competition Week on digital resolutions starts on Monday

Experts from the European Union would share their experiences in applying antitrust laws to the digital economy and markets and the introduction of the EU's Digital Markets Act

Pass fresh order; review fines to save domestic tyre industry: NCLAT to CCI

Appellate tribunal NCLAT has directed the Competition Commission to pass a fresh order in the matter of alleged cartelisation by tyre companies, citing the need to re-examine arithmetical and inadvertent errors as well as to review the penalty to save the domestic tyre industry. The National Company Law Appellate Tribunal's (NCLAT) order dated December 1 has come on a batch of appeals filed by the tyre makers against the ruling by the Competition Commission of India (CCI) back in August 2018. The CCI had imposed penalties totalling more than Rs 1,788 crore on the tyre companies. In its 166-page order, the tribunal has remanded back all cases for review to CCI and also directed the regulator to pass a fresh order "after hearing the parties". The regulator should also "consider reviewing the penalty to save domestic industry" in view of the fact that it is under a lot of pressure from global tyre manufacturing companies where a lot of unutilised capacity is available, as per the ...

Air India group most frequent flyer on 7 of 10 busiest domestic routes

Also runs IndiGo close on the other three

Centre to come up with light-touch regulations for big tech firms: Report

This comes in the backdrop of signs that tech firms may slow down investment in India after the Competition Commission of India's (CCI's) penalty on Google

M&G gets CCI nod for subscription of Trustroot Internet bond, warrants

The Competition Commission of India (CCI) on Monday said the proposed deal of M&G Group subscribing to convertible bonds and warrants issued by Trustroot Internet Pvt Ltd has been cleared under the green channel route. Under the green route, a deal which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on it being intimated to the competition watchdog. In a release, the fair-trade regulator said it has approved the proposed deal. M&G Catalyst Capital Fund, Asia Pacific Fund and Prudential Assurance Company are collectively referred to as acquirers. The combination involves acquirers collectively proposing to subscribe to additional optionally convertible bonds and warrants issued by the Trustroot Internet which convertible into the share capital of the company as per the terms and conditions set out in the subscription agreement in October 2022. Upon conversion of warrants, the acquirers will hold less than 5 per cent stake in ...

FHRAI writes to Sebi to stop OYO from launching IPO after CCI penalty

Federation of Hotel & Restaurant Associations of India on Tuesday said it has written to Sebi to stop OYO from launching its IPO in the wake of a penalty imposed by the Competition Commission of India on the hospitality and travel-tech firm for unfair business practices. OYO, however, said the Federation of Hotel & Restaurant Associations of India (FHRAI) is misrepresenting the CCI order and the letter to Securities and Exchange Board of India (Sebi) is to distract attention from the executive committee meeting of FHRAI being held as null and void by the NCLT, which has also ordered a court-monitored AGM of the hospitality industry body. In October this year, the Competition Commission of India (CCI) slapped penalties totalling more than Rs 392 crore on online travel firms MakeMyTrip, Goibibo, and hospitality services provider OYO for indulging in unfair business practices. "Now that OYO has been found guilty of indulging in anti-competitive and unfair business practices ...

CCI needs an update to ensure fair play in digital economy, say experts

New Bill, better training will help anti-trust regulator perform better, they add

Google may face a third CCI fine in less than a month. Now for Android TV

Google has already been fined in previous two cases for "abusing its market dominant position" in connection with the Android mobile device ecosystem

AirAsia exits AirAsia India, sells 16.33% stake to Air India for Rs 156 cr

Malaysian carrier's India foray ends after eight years; Tatas are working to merge AirAsia India with low-cost service Air India Express

CCI puts AGI Greenpac's acquisition of HNG on hold, seeks more details

On the CCI website, the notice filed by AGI Greenpac on September 27 regarding the acquisition, has been marked as 'Notice Not Valid'

JSW Energy likely to close Rs 10,530-cr Mytrah acquisition by December-end

The deal, announced in August, is JSW Energy's largest till date; will take the firm's operational generation capacity to 6.5 Gw from 4.8 Gw now, and accelerate its plans to achieve 10 Gw by FY25

Google plans legal challenge to block CCI's Android order: Report

The CCI-Android ruling, despite involving a smaller $162 million (Rs 1,334 crore) fine, has worried Google since it seeks wider ranging remedial measures

The competition conundrum: A third of posts lie vacant in CCI, shows data

However, data shows that its record in collections has been dismal

Best of BS Opinion: Protecting competition, the overvalued rupee, and more

Here is the best of Business Standard's opinion pieces for today

Protecting competition

The Competition Commission of India's action will open up the Android space

Centre plans to provide legal power to CCI ahead of merger with NAA

The proposed amendments will require the GST Council's approval

Indian developers benefit from Android, Play: Google on CCI penalty

Tech giant was yesterday ordered to pay Rs 937 cr as penalty for abusing dominant position of its app store

Zee, Sony agree to sell three Hindi channels to address CCI concerns

Big Magic, Zee Action and Zee Classic are all part of Zee network; the merging firms have a combined viewership share of 36% in Hindi general entertainment, and 33% in Hindi movies