Page 14 - Competition Commission Of India

SC clears decks for CCI probe into WhatsApp's 2021 privacy policy

The apex court cleared the decks for the regulator to further probe and reach finality in the case it initiated in March 2021 against WhatsApp for alleged abuse of dominance

99.99% of Zee Entertainment shareholders vote for merger with Sony

Attention will likely shift back to the Competition Commission, which had granted conditional approval to the proposed deal last week

CCI urges self regulation for film industry, wants end to bans and boycotts

Implementation of a box office monitoring system, sharing of promotion cost by multiplexes, phasing out the virtual print fee are among other suggestions made by antitrust watchdog

SC upholds Delhi HC's order, refuses to entertain WhatsApp-Meta pleas

The Supreme Court on Friday upheld the Delhi High Court order, which dismissed the appeals filed by WhatsApp and Facebook (now Meta) challenging a single judge bench order refusing to stay CCI probe

CCI clears ADIA's minority stake buy in Intas Pharmaceuticals

Anti-trust regulator Competition Commission of India (CCI) on Monday cleared Platinum Owl's acquisition of a minority stake in Intas Pharmaceuticals. The proposed transaction involves a secondary acquisition by Platinum Owl of 3 per cent of the equity shareholding of Intas (on an outstanding shares basis). Platinum Owl is acting in its capacity as a trustee for Platinum Jasmine A 2018 Trust and Abu Dhabi Investment Authority (ADIA) is the sole beneficiary and settlor of the Platinum Jasmine A 2018 Trust. Intas is engaged in the business of development, manufacture and marketing of pharmaceutical formulations. In a separate combination, CCI approved acquisition of 100 per cent of the equity and compulsorily convertible debentures of five special purpose vehicles (SPVs) by IndInfravit and allotment of units of IndInfravit to CPHI-4 for the purpose of part-funding the acquisition of SPVs. The five SPVs are engaged in the operation and maintenance of highways in the states of Andhra .

CCI okays equity and CCD allotment of five highway SPVs by Indinfravit

The five SPVs are engaged in operating and maintaining highways in the states of Andhra Pradesh, Uttar Pradesh, Bihar and Maharashtra

CCI orders another probe against Google for unfair revenue sharing

The Competition Commission has ordered another detailed probe against Google for alleged unfair revenue sharing terms with respect to news content. The case will be clubbed with two other ongoing matters against the search engine major where the allegations are substantially same, according to the Competition Commission of India (CCI). The latest order has come on a complaint filed by the News Broadcasters & Digital Association. In January this year, CCI ordered a probe against Google on the complaint filed by the Digital News Publishers Association. Later, the Indian Newspaper Society also filed a similar case and that was clubbed with the first one. Now, the regulator's probe arm Director General (DG) will submit a consolidated investigation report, the watchdog said in an order released on Friday. The News Broadcasters & Digital Association had alleged that its members are forced to provide their news content to Google in order to prioritise their weblinks in the Search ...

Zee stock gets a boost post CCI clearing mega merger deal with Sony

Though there are some near-term concerns on the business front, most analysts are positive

CCI needs to be abreast of global best practices on mergers: FM Sitharaman

Finance Minister stressed upon the need for the federal competition watchdog to communicate more

Penalty to be levied on tech giants breaking digital market rules

These norms are expected to prohibit actions taken by e-commerce platforms such as "self-preferencing" to market their own brands

Top Headlines: Reliance Jio 5G trials today, Musk-Twitter deal, and more

Advancing its 5G launch, Reliance Jio will start a beta trial of the service in four cities on Wednesday, offering select customers unlimited data with up to 1 Gbps speed

CCI gives conditional approval to Sony-Zee merger deal: Report

Competition Commission on Tuesday gave its conditional approval for the proposed merger between media groups Sony and Zee, according to sources. The approval has been given after the Competition Commission of India (CCI) accepted the voluntary remedies proposed by the parties to allay possible anti-competitive concerns, the sources close to the development said. The proposed merger of Zee Entertainment Enterprises Ltd (ZEEL) with Sony Pictures Network India (SPNI) was announced in September last year. The deal would help Sony to expand its media business in India. SPNI is an indirect wholly-owned subsidiary of Sony Group Corporation, Japan. Deals beyond a certain threshold require the approval of the CCI.

Naspers-owned Prosus terminates $4.7 billion deal to acquire BillDesk

Prosus has been a long-term investor and operator in India, putting in close to $6 billion in Indian technology companies since 2005

Insolvency law changing the way society perceives biz failures: CCI chief

With a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way society perceives business failures and striving to build confidence among creditors, Competition Commission of India chief Ashok Kumar Gupta said on Saturday. He also emphasised that suiting the new economic milieu, the Insolvency and Bankruptcy Code (IBC) projects exit as a resolvable fall-out of market competition and provides a rather graceful exit for entrepreneurs. He was delivering the annual day lecture of the Insolvency and Bankruptcy Board of India (IBBI), a key institution in implementing the Code. "Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way society perceives business failures, as it becomes a reform by, for and of stakeholders. "Standing on the two critical pillars of transparency and credibility, the Code and its implementation have continuously strived to build confidence among the creditors and the new management through a

CCI clears acquisition of Essar Group assets by ArcelorMittal Nippon Steel

The Competition Commission of India on Thursday approved acquisition of assets of Essar Group by ArcelorMittal Nippon Steel India Ltd.

CCI approves acquisitions of Diliigent Power and DB Power by Adani Power

Fair trade regulator Competition Commission of India (CCI) on Thursday approved the acquisition of 100 per cent equity of Diliigent Power and DB Power by Adani Power Ltd. The proposed combination relates to the acquisition of the 100 per cent of the share capital and economic rights of Diliigent Power and DB Power by Adani Power Ltd, according to an official release. In August, Adani Power said it will acquire DB Power Ltd, which owns and operates a 2x600 MW thermal power plant at Janjgir-Champa district in Chhattisgarh, at an enterprise value of Rs 7,017 crore for cash consideration. Diliigent Power is primarily engaged in the activities of a holding company. DB Power operates a coal-based thermal power plant with an installed capacity of 1,200 MW per hour in Chhattisgarh. Adani Power is a publicly listed company with eight operational power plants in India. Deals beyond certain thresholds require approval from CCI which keeps a tab on anti-competitive practices.

Hospital chains abused their dominance to charge exorbitant prices: Report

A CCI investigation showed that higher pricing was charged for renting rooms, medicines, tests, medical devices, and consumables. In some hospitals, the room rents exceeded charges of 4-star hotels

Several app developers may soon have to pay 6% commission to Google: Report

This comes after Google announced a change in its billing system allowing the developers to pay via mechanisms other than the Google Play billing system

Amid chip shortage, Indian banks reach out to govt, seek CCI intervention

Indian banks have also asked for an investigation by the Competition Commission of India (CCI) into the practices of chip suppliers.

CCI rejects complaint against proposed merger of multiplex chains PVR, INOX

The Competition Commission of India (CCI) on Tuesday rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an entity cannot be a subject of probe. The watchdog's order has come on a complaint filed against the proposed merger that would create the country's largest multiplex chain with a network of more than 1,500 screens. On March 27, PVR and INOX Leisure announced the merger. However, the entities were not required to seek CCI approval for the deal as it was below the regulator's threshold levels. Under the competition law, deals beyond certain thresholds require clearance from the regulator. In a seven-page order, the regulator said it was of the view that apprehension of likelihood of AAEC (Appreciable Adverse Effect on Competition) by an entity which is yet to take form cannot be a subject matter of inquiry/investigation under Section 3 or 4 of the Competition Act. Section