Page 13 - Cci

CCI to expedite Amazon, Flipkart antitrust probe as tech focus intensifies

The Competition Commission of India (CCI) initiated a probe in January last year on the basis of a complaint alleging Amazon and Flipkart promoted select sellers on their e-commerce platforms

Karnataka HC dismisses petitions by Amazon, Flipkart to quash CCI probe

The Competition Commission of India (CCI) announced a probe in January 2020 into Amazon and Flipkart following a complaint from a trader group

Competition Comm clears Byju's buyout of Aakash Educational Services

The Competition Commission has approved ed-tech startup Byju's proposed acquisition of Aakash Educational Services Ltd (AESL). The deal, estimated to be worth around USD 1 billion, which will bolster Byju's presence in the test preparation segment in the country, was announced in April this year. On Tuesday, Competition Commission of India (CCI) said it has approved the proposed combination relating to Think & Learn Pvt Ltd (Byju's) acquisition of certain stake of AESL and thereafter their merger. "The proposed combination will result in merger of AESL into Byju's, as a consequence of which, Byju's will be the surviving entity. As such, Byju's shall effectively acquire complete and sole control over AESL," an official release said on Tuesday. Deals beyond certain threshold require approval from CCI. Byju's provides online educational services while AESL offers curriculum-based coaching for K-12 students and test preparatory services for various competitive examinations.

CCI gives approval to Heineken extra stake buy in United Breweries

UB is the country's largest beer company, while Heineken is the world's second-largest brewer after Anheuser-Busch (AB) InBev

DHFL resolution: Lenders move NCLAT against Kapil Wadhawan's offer

The committee of creditors cannot do it. Also, it requires a high threshold of approvals from the CoC.

Take extra care, ensure market processes are not undermined: Sitharaman

CCI should take "extra care" and ensure that no "omission or commission" result in undermining of market processes as businesses look for revival after the pandemic, says Nirmala Sitharaman

CCI seeing concession agreements in infra, public service delivery sector

Fair trade watchdog CCI is assessing model concession agreements in infrastructure and public service delivery segments to mitigate possible competition issues.

CCI approves sale of YES Bank's MF subsidiaries to GPL Finance

Fair trade regulator Competition Commission of India (CCI) on Tuesday approved the acquisition of Yes Asset Management (India) Ltd and Yes Trustee Limited by GPL Finance and Investments Ltd.

APSEZ gets CCI nod for 25% more stake purchase in Krishnapatnam port

The Competition Commission of India (CCI) on Tuesday gave nod to proposed acquisition of additional 25 per cent stake of Adani Krishnapatnam Port Ltd by Adani Ports and Special Economic Zone Ltd.

Tata Digital to raise Rs 5,000 cr via commercial papers to expand business

Tata Digital is creating a platform for the Tata Group's consumer business, acquiring 64 per cent in online grocer Big Basket.

CCI approves internal restructuring of IBM under green channel route

CCI has approved Kyndryl Holdings and Grand Ocean Managed Infrastructure Services' proposal for the internal restructuring of IBM Corporation under the green channel route

Tata Motors reviewing CCI order on probe against commercial vehicle biz

Tata Motors said it is reviewing the order by the CCI to initiate an investigation against its commercial vehicles business in India for alleged abuse of its dominant position

CCI approves acquisition of 100% shareholding of Ingram Micro by Imola

The Competition Commission of India (CCI) has approved proposed acquisition of 100 per cent shareholding and sole control of Ingram Micro Inc by Imola Acquisition Corporation

Tata to finally enter online grocery with CCI nod to BigBasket stake deal

With this, Tata Digital will buy 64.3% stake in Supermarket Grocery Supplies and also be sole control over Innovative Retail Concepts, which runs BigBasket's online retail biz

CCI gives approval to BigBasket's 64% stake sale to Tata Digital

CCI has approved the acquisition by Tata Digital of up to 64.3% of Supermarket Grocery Supplies (SGS) and its sole control over Innovative Retail Concepts (IRC), the company that runs BigBasket

Court verdict likely tomorrow on WhatsApp, Facebook pleas against CCI order

The Delhi High Court is likely to pronounce verdict on Thursday on pleas by social media platforms Facebook and WhatsApp challenging competition regulator CCI's order

Ordered probe of WhatsApp policy on competition aspect: CCI to HC

The new privacy policy of WhatsApp would lead to excessive data collection and "stalking" of consumers for targeted advertising to bring in more users: CCI

CCI orders detailed investigation into WhatsApp's new privacy policy

Fair trade regulator CCI on Wednesday directed its investigation arm to conduct a probe into WhatsApp's updated privacy policy

Amazon and Cloudtail, Appario related as preferred sellers: CCI lawyer

Big e-commerce firms selling their own private labelled brands and inventory at discounts, High Court told

DPIIT to meet trade unions, industry groups on FDI in e-commerce

Officials are likely to meet over a dozen e-commerce companies