Page 12 - Cci

CCI approves Lighthouse Funds' additional stake buy in Bikaji Foods

The Competition Commission of India (CCI) on Tuesday approved Lighthouse Funds' acquisition of additional stake in Bikaji Foods International Ltd. The acquirers are Lighthouse India Fund III and Lighthouse India III Employee Trust, according to a combination notice filed with the regulator. Lighthouse Funds is a USA-based company. It acts as the sponsor and controls private equity funds that make investments in consumer companies in India. Bikaji Foods is engaged in the manufacture and sale of snacks. Lighthouse Funds already exercises control over Bikaji Foods and there is no change in its control as a result of the proposed combination, as per the notice. "Commission approves acquisition of additional equity share capital of Bikaji Foods International by Lighthouse Funds," the regulator said in a tweet.

Piyush Goyal asks traders to bring violations in law to notice of govt

Goyal's statement came a few hours after the Supreme Court did not accept the pleas of Amazon and Flipkart against a probe by the competition commission of India

Prepare, present complaints against big online retailers before CCI: Goyal

Union minister Piyush Goyal on Monday asked the traders' community to 'prepare themselves' and present all their complaints against big online retailers before the regulator to get 'justice'

Competition Commission open to probe Flipkart, Amazon separately

The two e-commerce giants are currently named in a single complaint, which is being probed by the anti-competition watchdog

CCI to launch study into film distribution, examine OTT impact on releases

CCI acknowledges that if two blockbusters are released together, they might not get a lot of business

CCI approves minority stake-buy in Azure Power by OMERS Infrastructure

This will take place in a series of inter-connected steps, according to the statement

Unchecked dominance in digital markets a concern, says CCI chairman

Digital markets are epicentres of technological innovation but lately they have become zones of "entrenched and unchecked dominance", Competition Commission of India Chairman Ashok Kumar Gupta said

No prima facie evidence with CCI and HC to order probe: Flipkart tells SC

Karnataka HC last week upheld a single-judge order dismissing Amazon and Flipkart pleas challenging a probe initiated by CCI for alleged competition law violations

Appellants shouldn't fear CCI probe, Karnataka HC tells Amazon, Flipkart

The Court upheld a single-judge order dismissing pleas filed by Amazon and Flipkart challenging a probe initiated by the Competition Commission for alleged breach of competition law

CCI clears SoftBank's $450-mn investment in food delivery firm Swiggy

Sources say funding is an extension of Swiggy's $800-mn round in April from investors such as Falcon Edge, Goldman Sachs and others, which took the company's valuation to $5 bn from $3.6 bn

Top restaurant body moves CCI for redress on issues with Zomato, Swiggy

Main issues include bundling of services, data masking and exorbitant commissions, deep discounting, including forcing the restaurant partners to give discounts to maintain listing

Zomato seeks CCI nod for 9.3% stake in e-grocery major Grofers

Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake.

CCI okays acquisition of Zuari Agro Chemicals plant by Paradeep Phosphates

The plant is located in Goa

Setback for Facebook as Delhi HC refuses to stay CCI's privacy notice

Facebook and WhatsApp have sought stay on the CCI's notices asking them to furnish certain information for the inquiry conducted by it

Delhi High Court refuses to stay notice issued to WhatsApp by CCI

The Delhi High Court on Wednesday refused to stay the notice dated June 4, 2021, to WhatsApp by the Director-General of Competition Commission of India (CCI)

Antitrust watchdog CCI orders probe into Google in smart TVs suit

India's antitrust watchdog on Tuesday ordered an investigation into allegations that Alphabet Inc's Google abused its Android operating system's position in the country's smart television market.

Delhi HC reserves order on Facebook, WhatsApp pleas challenging CCI notice

The Delhi High Court on Monday reserved its order on pleas by Facebook and WhatsApp challenging the Competition Commission of India's June 4 notice

Delhi HC reserves order on Facebook, WhatsApp pleas challenging CCI order

The Delhi High Court reserved its order on pleas by Facebook and WhatsApp challenging the CCI's June 4 notice seeking certain information on the social media platform's new privacy policy

Flipkart, Amazon appeals in antitrust probe to be heard by HC on Monday

The e-commerce majors had filed separate appeals before the division Bench of the High Court, challenging a single-judge Bench order allowing the CCI to restart its probe against them.

Flipkart, Amazon challenge Karnataka HC order allowing CCI probe

Both appeals may be heard on Friday