JSW Paints on course to achieve 1st-yr distribution & turnover targets
The order was delivered by Justice PS Dinesh Kumar on a petition filed by Amazon, seeking interim stay on the CCI probe order, after hearing the matter over the past three days
CCI last month ordered a probe into Amazon and rival Walmart's Flipkart over alleged violations of competition law and certain discounting practices
The CCI had ordered an investigation against e-commerce companies including Amazon and Flipkart
Last month the CCI ordered an investigation of Amazon and rival Flipkart, owned by Walmart , over alleged violations of competition law and certain discounting practices
As allegations of anti-competitive practices like vertical restraints by e-commerce firms become more frequent, the CCI's "light touch" decision-making approach for the sector is likely to change
The Commission's latest study on the e-commerce market is almost a precursor to the Amazon-Flipkart probe order and it also sheds light on the Commission's new thought process
From drug price ceiling to additional duties on steel imports and export ban to counter onion shortage - govt response to several problems shows the lessons may not have been learnt, writes T N Ninan
The order came after JSW Paints filed a complaint alleging that Asian Paints threatened various dealers in Karnataka, Telangana and Tamil Nadu from dealing with JSW Paints
Shopkeepers accuse the two U.S. giants of indulging in heavy discounts and giving preferential treatment to select sellers.
The CCI flagged concerns around deep discounting on goods and services offered by large online retailers, particularly in the case of mobile phones and electrical appliances
Air India's prospects of finding a good match look bleak
The country's largest lender and Insurance Australia Group (IAG) held 70 per cent and 26 per cent, respectively, in SBI General Insurance
This is the second time in two weeks that the CCI has given its nod to a foreign investment in a Future group company.
The preferential allotment will take place by November this year and the rights issue is expected to be completed by February 2020
The Competition Commission on Tuesday said it has approved Nippon Express' acquisition of 22 per cent stake in Future Group's logistics arm Future Supply Chain Solutions Ltd. Future Supply Chain Solutions in September said that Japan-based Nippon Express Co will acquire 22 per cent stake through a combination of primary issuance and secondary purchase from an existing investor. The Competition Commission of India (CCI) in a tweet said it "approves acquisition by Nippon Express (South Asia & Oceania) Pte. Ltd. of approximately 22% of the total issued and paid up share capital of the Future Supply Chain Solutions Limited." As part of this transaction, Future Supply Chain Solutions Ltd (FSC) will issue 37,89,350 shares to Nippon Express at a price of Rs 664 per share (22 per cent premium to the current market price). "Through this primary issue Nippon Express will hold 8.6 per cent stake on a fully diluted basis and FSC will raise around Rs 252 crore for funding its near-term growth .
The aspects might include transparency over ranking, data, and review and rating mechanisms
The Zomato spokesperson further said that the latest "speculation is absolutely untrue". Swiggy, however, refused to comment on the report.
The Competition Commission of India (CCI) on Monday said that it has approved the acquisition of Welspun Corp's 'Plates & Coiled Mill Division' by Laptev Finance Pvt Ltd.
The CCI sought justification from Amazon on why it chose to file a Form I, the source added, which could potentially delay approval of the deal