Page 16 - Competition Commission Of India

CCI approves RIL arm's acquisition of 50.1% stake in Sanmina-SCI India

Sanmina Corporation and RSBVL had inked an agreement in March to create a joint venture through investment in Sanmina's existing Indian entity (Sanmina SCI India)

CCI approves Greenforest New Energies' stake buy in Tata Power Renewable

The proposed combination relates to the acquisition of up to 11.43% stake in TPREL by Greenforest New Energies Bidco, an investment vehicle jointly run by BlackRock and Mubadala Investment Company

CCI clears Axis Bank's proposed acquisition of Citi's consumer biz in India

Under the deal worth Rs 12,325 crore, announced on March 30, Axis Bank would take over Citi's credit cards, personal loans and wealth management businesses that are focused on the affluent segment.

WhatsApp privacy policy not withdrawn; CCI probe must go on, Delhi HC told

The CCI told the Delhi High Court that WhatsApp's updated privacy policy of 2021 has not been withdrawn and its probe concerning the policy should be allowed to proceed

WhatsApp privacy policy in place; probe must go on: CCI to High Court

Appeal was against earlier order refusing to stay CCI probe into WhatsApp's new privacy policy

Dedicated CCI regulatory wing to keep check on apps in the offing

House panel to soon call foreign Big Tech for discussion

Monday's Presidential election, little else in likely muted Monsoon session

Key bills that are relatively non-controversial have been listed. Four have already been cleared by departmental standing committees, 24 new ones to be introduced

Will Amazon be able to overcome challenges to its expansion plans in India?

A tougher global e-commerce environment and repeated policy and regulation problems are raising questions about the company's India expansion plans

House panel seeks spl digital division in CCI to bridge enforcement gaps

Parliamentary Standing Committee on Commerce says antitrust body needs to be strengthened to bridge gaps in enforcement

Regulations and disclosures

No room for arbitrary distinction between foreign & domestic retailers

Top headlines: AI allowed to acquire AirAsia India; WPI inflation at 15.88%

Delhi's single-day Covid-19 infections breached the one thousand mark on Tuesday, with a positivity rate of 6.50 per cent and two fatalities, according to data shared by the health department here.

NCLAT upholds CCI order, asks Amazon to pay Rs 200 cr penalty in 45 days

The National Company Law Appellate Tribunal rejected Amazon's plea challenging the decision of CCI to suspend the approval for the e-commerce major's deal with Future Coupons

Anti-profiteering Authority to be merged with Competition Commission

The National Anti-profiteering Authority (NAA) came into existence in 2017 and has received two extensions since then

CCI penalises 7 entities for bid-rigging in Indian Railways tenders

Besides slapping penalties on certain entities, the watchdog has directed them to cease and desist from anti-competitive practices.

Taking on Google, FB, Apple: CCI seeks more teeth to tackle Big Tech

The government is planning to bring changes to the existing Competition Bill 2020 to give the regulator wider powers

Ukraine war, economic uncertainty delays Nayara Energy stake sale plan

"With the war, the chances of a Western company buying a stake in Nayara looks difficult. They may have to look for Indian equity partners," said a banker.

Nirmala Sitharaman flags concerns about possible cartelisation in markets

Finance Minister Nirmala Sitharaman on Friday flagged concerns about possible cartelisation in markets and stressed on the need to look into the causes of short supply of commodities. Speaking at the 13th annual day function of the Competition Commission of India (CCI), the minister also said that the regulator needs to have a "proactive understanding" of mergers and acquisitions. "Cartelisation is going to be a challenge...," the minister said. While mentioning rising commodity prices due to various factors, she said there is a need to look into the causes of the short-supply situation. Her remarks come against the backdrop of spiraling inflation. Sitharaman, who is also in charge of the Corporate Affairs Ministry, said the CCI needs to be sensitive as well as firm. Corporate Affairs Secretary Rajesh Verma said the CCI has made critical interventions to deal with anti-competition matters. He said the recommendations made by the Competition Law Review Committee (CLRC) are being

Standing Committee on Finance to discuss big tech firms' practices Thursday

The panel, headed by former minister of state for finance Jayant Sinha, will also hear the views of the Confederation of All India Traders (CAIT) on the subject

Big M&As of digital businesses likely to come under CCI ambit soon

Several important deals in the digital space, like the Facebook-WhatsApp merger, have escaped CCI scrutiny due to current regulations

CCI seizes documents, data from Amazon, Flipkart sellers in raids: Report

The raids relate to an investigation the CCI ordered in January 2020 in which Amazon and Flipkart face allegations of promoting preferred sellers on their websites