Page 16 - Cci

CCI approves Abu Dhabi Future Energy's equity stake purchase in Hero Future

Hero Future Energies India is primarily engaged in the implementation of power projects and generation of power

CCI approves Hyundai and Kia's acquisition of shareholding in Ola

In March this year, Hyundai and Kia had said they would invest $300 million in Bengaluru-based Ola

Tata consortium to tweak investment in GMR airports, reduce stake by 5%

The Tata Group's effective shareholding will now be 15 per cent in GMR Airports, translating into a shareholding of approximately 10 per cent in DIAL, said sources in the know

CCI to probe MakeMyTrip, Oyo for unfair business practices, deep discounts

Bengaluru/ New Delhi, 29 OctoberThe Competition Commission of India (CCI) has launched an investigation against Oyo Hotel & Homes and MakeMyTrip (MMT-Go), on charges of predatory pricing, creating a monopoly and deep discounting.A CCI order says there is enough substance to warrant a probe, on evidence that the two are charging excessive commissions from hotel partners and demanding deep discounts which have led to the destruction of competitive pricing in the marketThe complaint in this regard came from the Federation of Hotel and Restaurant Associations of India (FHRAI). And, CCI has directed its director-general, investigations, to do a detailed investigation in the matter and give a report within 150 days. "The there exists a prima facie case for investigation for alleged violation of the provisions of Section 3(4) of the Act. Further, a prima facie case for investigation under Section 4 is made out against MMT-Go, as elucidated in the earlier parts of this order. The DG is, ..

CCI orders probe against MakeMyTrip-GoIbibo, Oyo for unfair biz practices

The Competition Commission has ordered an investigation against online travel agents Make My Trip-GoIbibo and hospitality services provider Oyo for alleged unfair business practices. Following a complaint from the Federation of Hotel & Restaurant Associations of India (FHRAI), the watchdog looked into various aspects of their businesses and concluded that "prima-facie" there are violations of competition law. For the case, the Competition Commission of India (CCI) assessed the allegations on the basis of two relevant markets. In the case of Make My Trip-GoIbibo (MMT-Go), it is the 'market for online intermediation services for booking of hotels in India' and for OYO, it is the 'market for franchising services for budget hotels in India'. Make My Trip has acquired GoIbibo. The Commission said that MMT-Go prima-facie appears to be a dominant player in the relevant market. "... prima-facie OYO is not found to hold a dominant position, despite being a significant player in the market

CCI approves 4% stake buy in Aditya Birla Capital by Jomei Investments

Jomei Investments is a special purpose vehicle owned by Advent International Corporation while ABCL is the holding company of the financial services businesses of the Aditya Birla Group

CCI to give e-commerce firms advisory on discounts as trader protests grow

This comes at a time when Commerce Minister Piyush Goyal has gone public on foreign majors

CCI to conduct study on telecom sector amid changing market dynamics

Competition Commission of India (CCI) has started the preparatory work for the study about the telecom sector and it is expected to commence in November, says chairman

CCI okays Essel MF acquisition by Sachin Bansal's BAC under 'green channel'

This is the first clearance under the 'green channel' route, a speedier approval mechanism put in place by the CCI.

Firms face pressure to offer deep discounts if they sell online: CCI study

In the hotels sector, smaller players use online sites to sell out most of their inventory while bigger brands use their own websites

Competition Commission must study foreign firms' conduct, says Sitharaman

The CCI is already studying the new economy segment to understand how some companies abuse dominant positions

LIVE: Govt gives FPI relief, makes loans cheaper, revs up auto sector

FM Nirmala Sitharaman is expected to announce steps to revive India's economic growth. Catch all LIVE updates here

Crisis-hit Jaiprakash Associates to appeal against CCI penalty order

The company is in the process of filing an appeal against the order

CCI's Green channel for M&A deals: Implementation will be a tough climb

The 'Green Channel' would allow automatic approval for certain M&A agreements based on specified criteria and pre-filing consultation, the CCI had said in the notification

CCI imposes Rs 17 cr fine on JTEKT Corp, its Indian arm, for cartelisation

The case was taken up by the watchdog after NSK approached it under lesser penalty regulations

Jaiprakash Associates fined Rs 14 cr for 'undesirable industry practices'

Under the Competition Act, complaints filed under a certain section cannot be withdrawn

CCI slaps Rs 2.7-crore penalty on three companies for rigging bid

Pentacle Consultants Pvt Ltd was fined Rs 1.33 crore, SAAR IT Resources Pvt Ltd Rs 1.26 crore and CADD Systems and Services Pvt Ltd Rs 0.11 crore, as per CCI orders

Govt wants competition watchdog to review 'Big Four' auditing firms: Report

CCI will be asked to study if the accountancy firms are misusing their dominant positions

CCI scanner on big data sector to prevent anti-competitive activity

The CCI chairman said the surveys would try to understand how cartels were formed and how anti-competitive actions could be checked

CCI clears Hitachi Payment's 26% stake buy in SBI Payment Services

SBI will have a majority stake in the proposed JV