Page 2 - Cci

CCI clears Reliance's over $300 million buy of Metro's local business

Metro has been active in the Indian market since 2003 and reported sales of about Rs 7,700 crore for the financial year ended September 2022

Govt panel concludes stakeholder discussion on digital competition law

Govt panel concludes stakeholder discussion on digital competition law

Policy decisions see a disconnect as regulators remain headless

"It is not good governance practice and sends the wrong signals to the corporate world. The selection process should start three months before the incumbent retires. Bureaucracy needs to push harder"

Government invites applications for CCI Chairperson post till March 9

The government on Thursday invited applications for the post of Chairperson of the Competition Commission of India (CCI). Since October 25, the post has been lying vacant. According to a public notice issued by the corporate affairs ministry, the applicants should have professional experience of at least 15 years in international trade, economics, business, commerce, law finance, accountancy, management, industry, public affairs or competition matters, The person, if selected, can hold the office for a term of five years from the date of joining the post or till the age of 65 years, whichever is earlier. The monthly salary will be Rs 4.50 lakh. Applications for the post can be submitted till March 9. "The candidates who had applied earlier in response to the previous advertisement/vacancy circular dated 26th July, 2022 inviting applications for the post of Chairperson need not apply," the notice said. Sangeeta Verma, who is a CCI Member, has been the acting Chairperson since Octo

Google disobeying CCI orders blatantly: Digital start-up thinktank

The CCI in October 2022 directed Google to make significant changes to its Play Store policies after it found several anti-competitive practices on the platform

Google blatantly disobeying CCI orders, charges app developers 11-26%: ADIF

The change claimed by Google is in response to regulatory developments in India, which refers to the CCI orders

CCI order unfair imposition, rival apps not restricted: Google tells NCLAT

Tech giant Google on Friday submitted before the NCLAT that there was "unfair imposition" by the competition watchdog CCI over its mobile app distribution agreement with device makers as it does not restrict from installing other apps, including that of rivals. A two-member NCLAT bench headed by Chairperson Justice Ashok Bhushan on Friday said it will start day-to-day hearing of the matter from February 23, the next date of hearing. Google while arguing its matter before the National Company Law Appellate Tribunal (NCLAT) said that the placement of its apps on devices through pre-installation under MADA (Mobile Application Distribution Agreement) is not "unfair" as there is no restriction from installing other apps and enough space is available for them. The appellate tribunal was hearing a plea filed by Google against Rs 1,337 crore penalty imposed by the fair trade regulator CCI for abusing its dominant position in relation to Android mobile devices. Under MADA, OEMs (original ..

CCI clears acquisition of Jaiprakash Associates' assets by Dalmia Cement

The Competition Commission of India on Wednesday approved the acquisition of certain assets of Jaiprakash Associates Ltd and its associate by Dalmia Cement (Bharat) Ltd. The proposed combination relating to acquisition of clinker, cement and power plants belonging to Jaiprakash Associates Ltd and its associate by the Dalmia Cement (Bharat) Ltd, according to an official release. Dalmia Cement (Bharat) Ltd is a wholly-owned subsidiary of Dalmia Bharat Ltd (DBL). DBL engages in the business of manufacture and sale of cement, sugar and refractory services. DBL is the ultimate parent entity of the Dalmia Bharat Group. The assets are engaged in the manufacture and sale of clinker, grey cement and thermal power generation in the states of Madhya Pradesh, Uttar Pradesh and Chhattisgarh. Deals beyond a certain threshold have to be approved by CCI, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.

Like Google, Apple may now be asked by CCI to change app store policy

In December 2021, CCI had initiated a probe into Apple's policies following allegations by Together We Fight Society about its high commission and lack of third party options

CCI approves acquisition of real estate assets by Nexus Select Trust

Competition Commission of India on Monday approved the acquisition of commercial real estate assets by Nexus Select Trust. Nexus Select Trust is a Sebi-registered real estate investment trust (acquirer REIT) and is backed by global investment firm Blackstone. The proposed transaction involves the direct acquisition of 100 per cent shareholding of 15 entities and indirect acquisition of 100 per cent shareholding of two entities acting through acquirer REIT's manager -- Select Infrastructure Pvt Ltd and Nexus South Mall Management Pvt Ltd, according to an official release. It also cleared the direct acquisition of 50 per cent equity shares of ITIPL from its existing shareholders by the acquirer REIT (acting through its manager), the release said. The entities are primarily engaged in the commercial real estate sector in India.

A question of quorum

Understrength CCI undermines business climate

CCI order after-effect: Device makers may now pay Google for Android OS

Sources party to the negotiations say that it is pretty much a given that most mobile device players will pre-install Google's apps for free owing to their popularity

Top headlines: Adani stcks remain in MSCI indices, TikTok fires India staff

Business Standard brings you the top headlines at this hour

CCI invokes doctrine of necessity to bypass the quorum to clear six deals

The next meeting of the CCI is scheduled for Tuesday. The watchdog may take a call on some of the remaining 14 deals which are awaiting nod

Competition Bill may propose levying penalty on firms' global turnover

The suggestion to allow cartels to opt for the settlement scheme is also likely to be introduced in the Bill

CCI meeting this Thursday to clear 20 merger deals pending approval

Decision on these applications had been delayed due to lack of full strength of CCI quorum

Law ministry allows CCI to clear pending mergers without full quorum

16 applications pending; corporate affairs ministry studying proposal, say sources

Indian cos see Google's changes bringing China-like ecosystem in India: Rpt

The existence of multiple operating systems in China enables the users to have a wide variety to choose from

Govt exploring legal options on pending CCI approval of 16 mergers

Seeks solutions within statutory framework of Competition Act to speed up approvals

Govt rejects panel push for effect-based test in Competition Amendment Bill

Recommendation, made by Jayan Sinha-led Parliamentary Committee in Dec, was cleared by cabinet earlier this week; govt sees difficulty in quantifying impact