CCI

Indian startups said that the company is using the same "playbook" it employed in Europe and South Korea

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

They argue that the charges are "exorbitant", make any alternative billing apart from GPBS economically unviable for them

Present competition law does not provide for effects analysis. Conducting one would mean letting anti-competitive practices continue and taking action once adverse effects have already been created

NCLAT upholds competition watchdog's observation that Google misused dominant position in Android ecosystem

The Competition Commission of India (CCI) said in October that Google had exploited its dominant position in Android and told it to remove restrictions imposed on device makers

The NCLAT bench comprising chairperson Justice Ashok Bhushan and member Alok Srivastava said that the CCI investigation was not in violation of the principles of natural justice

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

Fair-trade regulator CCI on Friday said it has approved the proposed deal of GMR Airports Infrastructure and Aeroports de Paris SA (ADP) under the green channel route. The proposed combination involves ADP's proposed acquisition of and subscription to foreign currency convertible bonds (FCCB) issued by GMR Airports Infrastructure Ltd, according to a CCI notice. The Competition Commission of India (CCI) has cleared the deal. It has also given nod to the proposed intra-group merger of GMR Airports Ltd and GMR Infra Developers Ltd (GIDL) with and into GMR Airports Infrastructure Ltd. Also, the regulator has given its nod to the proposed acquisition by ADP (and its group entities) of equity shares and optionally convertible redeemable preference shares of GMR Airports Infrastructure post-merger, CCI said. On March 19, GMR Airports Infrastructure Ltd (GIL) announced the merger of GMR Airports Ltd with GIL. ADP is an international airport operator owned by the French Government, while G

Fair-trade regulator Competition Commission of India (CCI) on Thursday said it has given approval under the green channel route to Abu Dhabi Investment Authority for acquiring a stake in Lenskart Solutions Pvt Ltd (LSPL). Under the green channel route, wherein a transaction, which does not raise any risk of an appreciable adverse effect on competition, is deemed to be approved on being intimated to the competition watchdog. The proposed transaction relates to the proposed acquisition of a certain shareholding of LSPL by Platinum Jasmine A 2018 Trust (Platinum Jasmine), a notice filed with the CCI said. Abu Dhabi Investment Authority (ADIA) is the sole beneficiary and settlor of Platinum Jasmine, while LSPL is engaged in the business of manufacture, sale and wholesale trading of eyewear products. CCI said it has approved the deal. Last week, Lenskart announced that it has signed definitive documents for a USD 500 million investment from a wholly-owned subsidiary of ADIA. "There ar

The Competition Commission of India (CCI) on Thursday said it has approved the proposed investment by Qatar Investment Authority in BTS Investment 1 Pte (BTS1), a Singapore-based pooled vehicle. QIA is a sovereign wealth fund of the State of Qatar, while BTS1 is an investment venture firm of James Murdoch's Lupa Systems and ex-chairman of Star and Disney India Uday Shankar. The proposed transaction relates to the proposed investment by Qatar Investment Authority in BTS1, which is raising capital from various investors for its investment in Viacom18, CCI said. Last year in February, Murdoch and Shankar announced the formation of the firm, Bodhi Tree Systems (BTS) raising up to USD 1.5 billion from QIA. Thereafter, in April, BTS said that it will invest Rs 13,500 crore in broadcaster Viacom18 as part of a tripartite partnership with billionaire Mukesh Ambani's Reliance, to form one of the largest TV and digital streaming firms in India. In September 2022, fair-trade regulator CCI on

The proposed combination entails LIC AMC's acquisition of the rights to manage and administer the schemes of IDBI MF from IDBI AMC

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

The Ministry of Corporate Affairs (MCA) has extended the deadline for submitting applications for the post of Chairperson of the Competition Commission of India (CCI) till March 27. Earlier, the deadline to submit the applications was March 9. The last date for receipt of application has been extended up to 27th March 2023, according to a notice issued by the MCA on Monday. "The candidates who had applied earlier in response to the previous advertisement/ vacancy circular dated 26th July, 2022 inviting applications for the post of Chairperson need not apply," the notice said. Last month, the government had invited applications for the post of Chairperson of the fair-trade regulator. The post has been lying vacant since October 25. Sangeeta Verma, a CCI member, has been the acting chairperson since October last year. Recently, her tenure was extended by the central government for three months. CCI keeps a tab on anti-competitive practices across sectors in the market place and al

The NCLAT on Monday concluded its hearing over the petition filed by Google, in which the tech giant challenged the Competition Commission's order imposing a Rs 1,337.76 crore penalty for anti-competitive practices in relation to Android mobile devices. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) was conducting the hearing on a day-to-day basis for over a month. "Heard Learned Counsel for the parties. Hearing is completed. Judgment Reserved," said the NCLAT bench comprising Chairperson Justice Ashok Bhushan and Member Alok Srivastava. On October 20 last year, the Competition Commission of India (CCI) slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. The regulator had also ordered the internet major to cease and desist from various unfair business practices. This ruling was challenged before the National Company Law Appellate Tribunal (NCLAT), which is an appellate authority over the .

Fair trade regulator CCI on Thursday alleged that Google has created a digital data hegemony and called for a market space with "free, fair and open competition". Concluding the arguments of the Competition Commission of India (CCI) before the appellate tribunal NCLAT in the Google matter, Additional Solicitor General N Venkataraman said a market with greater freedom for all players would be in total sync with principles of free competition rather than the 'walled garden' approach of the internet major. On October 20 last year, the CCI slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. The regulator had also ordered the internet major to cease and desist from various unfair business practices. This ruling has been challenged before the National Company Law Appellate Tribunal (NCLAT). On Thursday, Venkataraman submitted that Google had used its money-spinning search engine as the 'castle' and the rest of the other a

The list of private members business on the Lok Sabha's website mentions this bill to be introduced on March 17

Argues that competition law puts onus on Google not to abuse its dominant position and not allow its conduct to impair genuine undistorted competition

The Competition Commission of India (CCI) approved the acquisition of 100 per cent of the equity share capital of L&T Infrastructure Development Projects Limited (L&T IDPL) and Kudgi Transmission Limited (KTL), by Epic Concesiones Private Limited (ECPL) and Infrastructure Yield Plus II (IYP II), respectively, under Section 31(1) of the Competition Act, 2002.

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