Page 14 - Cci

CCI approves acquisition of Varian Medical Systems by Siemens Healthineers

The Competition Commission of India (CCI) on Wednesday said it has given nod to acquisition of 100 per cent shares and sole control of Varian Medical Systems by Siemens Healthineers. As per a combination notice filed with the regulator, the transaction relates to the acquisition of 100 per cent shares of common stock and sole control of Varian by Siemens Healthineers Holding I GmbH, which is a wholly-owned subsidiary of Siemens Healthineers AG. The proposed transaction will bring together Siemens Healthineers' imaging equipment and Varian's oncology treatment solutions, allowing for a more innovative, efficient and comprehensive oncology solutions provider, the notice said. It will benefit cancer patients with improved treatments with the goal of ultimately turning cancer into a manageable disease, which is the driving rationale for the proposed transaction, it added. "Commission approves acquisition of 100% shares & sole control of Varian Medical Systems by Siemens Healthineers,"

CCI approves Flipkart's 7.8% acquisition of Aditya Birla Fashion and Retail

On completion of this transaction, Aditya Birla Fashion would have successfully executed a capital raise of Rs 2,500 crore since April 1, 2020

CCI dismisses case of alleged cartelisation by 2 bidders in AIIMS tender

The Competition Commission of India (CCI) has dismissed a case of alleged cartelisation by Romsons Scientific & Surgical Industrial Pvt Ltd and BSN Medical Pvt Ltd and some of their officials. The regulator had directed the director general (DG) to carry out an investigation after the matter originated from a complaint alleging cartelisation by the firms in respect of a tender invited by AIIMS in 2016. The DG after taking into consideration the submissions of the parties, concluded that different parties, at different geographical locations with different cost of production and profit margins quoting identical rates, independently, would be too much of coincidence, which is difficult to believe. Accordingly, the DG concluded that the firms colluded and acted in contravention of provisions of the Competition Act. However, the CCI said that there is no evidence of any communications or meetings having taken place between the opposite parties (OPs) or any other arrangement indicating

After e-commerce, CCI looks at pharma sector to unlock competition

Will study the role of trade associations and e-pharmacies in supply chain and whether they're distorting competition

SC stays NCLAT order for competition watchdog's probe against Flipkart

The NCLAT had held the prima facie Flipkart had contravened Section 4 of the Competition Act, 2002 which is connected with the abuse of dominant position and predatory pricing.

CCI approves Google's 7.7% stake acquisition in Jio Platforms

Deals beyond a certain threshold require approval from the CCI, which keeps a tab on unfair business practices across sectors

India's antitrust agency to probe Google for payment app's practices

Section 4 of the Competition Act pertains to abuse of dominant market position

JK Tyre, other companies face antitrust scrutiny in bid-rigging case

NEW DELHI (Reuters) - India's antitrust regulator is investigating JK Tyre & Industries Ltd after a state government accused the company of bid rigging, and the probe has been expanded to other firms, according to sources and legal filings seen by Reuters.

CCI appeals in SC against HC's stay on probe against Amazon, Flipkart

The Confederation of All India Traders (CAIT) which represents 70 million traders termed the appeal in the Supreme Court against Amazon and Flipkart as 'logical'

Adani's acquisition of Mumbai Airport from GVK gets CCI green signal

The Competition Commission has approved Adani Group's proposed acquisition of controlling stake in Mumbai airport from GVK Airport Developers under the green channel route

Siemens' acquisition of C&S Electric India operations gets CCI approval

Siemens has an agreement to acquire 99 per cent equity in New Delhi-based C&S Electric for around Rs 2,100 crore

CCI okays acquisition of Krishnapatnam Port Co by Adani Ports and SEZ Ltd

The proposed transaction involves acquisition of equity shareholding along with management control of 100% of the total issued, outstanding preference share capital of Krishnapatnam Port Company

Competition Commission approves Facebook's 9.99% stake purchase in Jio

Jio Platforms was created in October last year to house all-digital initiative of Reliance

CCI rejects complaint against Swiggy; suggests disclosures on pricing

In an eight-page order, the fair trade watchdog said that given the facts and circumstances of the present case, it may not be germane to define a precise relevant market and conduct further analysis

Guess what's keeping e-commerce firms busy

They're dialling 700-plus district administrations to organise curfew passes as coronavirus spreads across the country

CCI warns drugmakers not to indulge in unfair business practices

CCI said it has passed an order against the entities for violating provisions of the Competition Act by involving in anti-competitive business practices.

House panel suggests separation of SFIO's investigation, prosecution wing

The panel also took note of high vacancies at the Competition Commission of India (CCI)

NTPC's acquisition of entire stake in NEEPCO, THDC India gets CCI nod

As part of transactions, NTPC will acquire 100 per cent of the issued and paid-up share capital of the NEEPCO and 74.5 per cent stake in THDC India

CCI order to probe Amazon, Flipkart fell short of meeting norms: K'taka HC

The CCI had ordered the probe based on a complaint filed by trade body last month, which alleged that the e-commerce players were giving deep discounts on online sales of smartphones

Amazon, trade bodies' courtroom battle may impact e-commerce policy

The case may drag for a few years, experts say, as CAIT and DVM have said they will appeal against the interim relief granted to Amazon on Friday