Page 6 - Cci

After Rs 1,338-cr penalty on Google, CCI speeds up Apple antitrust case

Apple's restrictions prima facie result in denial of market access for potential app developers and distributors

Top headlines: CCI penalty on Google, funding winter for startups, and more

Business Standard brings you the top headlines at this hour

CCI slaps Rs 1,337.76 crore penalty on Google for unfair trade practices

The CCI in its press statement said that it found "Google to be dominant in all the above mentioned relevant markets"

CCI clears two private equity players' stake purchase in Yes Bank

The Competition Commission of India (CCI) on Thursday approved the proposed Rs 8,900 crore deal wherein two entities will buy stakes in Yes Bank. CA Basque Investments, part of the Carlyle Group, and Verventa Holdings, an affiliate of funds managed by Advent International are to acquire 10 per cent stake each in the private sector lender. The proposed combination involves the acquisition of up to 10 per cent each of the total paid up share capital and voting rights of Yes Bank by CA Basque Investments and Verventa Holdings, according to official releases. In July, Yes Bank announced raising of equity capital of Rs 8,900 crore from funds affiliated with two private equity investors -- Carlyle and Advent International. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices in the market place.

CCI fines Google Rs 1,338 cr for anti-competitive practices

CCI also ordered Google not to offer any incentives to smartphone makers for exclusively carrying its search services

CCI slaps penalties totalling Rs 392 cr on MakeMyTrip, Goibibo, OYO

The CCI has also directed MakeMyTrip and Goibibo to amend its market behaviour

Regulation of wellness vs wealth offers a contrasting picture

The regulators of wealth in India are empowered and autonomous, unlike the regulators of wellness, leading to very different outcomes in the two sectors

SC clears decks for CCI probe into WhatsApp's 2021 privacy policy

The apex court cleared the decks for the regulator to further probe and reach finality in the case it initiated in March 2021 against WhatsApp for alleged abuse of dominance

99.99% of Zee Entertainment shareholders vote for merger with Sony

Attention will likely shift back to the Competition Commission, which had granted conditional approval to the proposed deal last week

CCI urges self regulation for film industry, wants end to bans and boycotts

Implementation of a box office monitoring system, sharing of promotion cost by multiplexes, phasing out the virtual print fee are among other suggestions made by antitrust watchdog

Zee stock gets a boost post CCI clearing mega merger deal with Sony

Though there are some near-term concerns on the business front, most analysts are positive

RIL-backed Viacom18 Media to stream FIFA World Cup on Jio Cinema for free

The commentary for FIFA matches will be available to users in English, Hindi, Malayalam, Bengali, and Tamil

Zee Entertainment gains 6% after CCI's conditional nod for merger with Sony

Analysts believe that the approval paves way for the consummation of the merger by Q4 of this fiscal year.

CCI gives conditional nod to Zee-Sony merger, formal order awaited

Sony and Zee confirm development, say awaiting remaining regulatory approvals

Hospital chains abused their dominance to charge exorbitant prices: Report

A CCI investigation showed that higher pricing was charged for renting rooms, medicines, tests, medical devices, and consumables. In some hospitals, the room rents exceeded charges of 4-star hotels

Supreme Court to hear Amazon's appeal against NCLAT order on October 11

CCI had suspended the 2019 investment deal between Amazon and Future group firm (Future Coupons) and NCLAT had upheld CCI's decision

IBA seeks probe into possible cartelisation by chip-based card suppliers

The Indian Banks' Association (IBA) has sought a probe by the Competition Commission into possible cartelisation among vendors providing chip-based debit and credit cards to banks. IBA has received complaints of jacking up of card prices by various vendors, citing shortage of chips, and the hike in the prices is in a similar range, raising fears of cartellisation, sources said. Following the complaints, IBA has written a letter to the Competition Commission of India (CCI) seeking a probe into the issue and has also intimated the finance ministry about the matter. According to a senior bank official, last year, 4-5 large card vendors approached lenders saying that shortage of chip has led to an increase in the prices. So, all banks agreed for a rise in the prices of cards from Rs 35 to about Rs 42 per unit, the official added. Three months ago, these vendors again approached the banks, saying the prices have further increased. However, only large private bank agreed for another Rs

Amid chip shortage, Indian banks reach out to govt, seek CCI intervention

Indian banks have also asked for an investigation by the Competition Commission of India (CCI) into the practices of chip suppliers.

'Not substantiated': CCI drops JSW Paints' plea against Asian Paints

JSW Paints also told CCI that Asian Paints allegedly also pressurised enterprises that provided infrastructure facilities like warehouses to JSW Paints to not stock products of JSW Paints

CCI clears PayU's $4.7 billion BillDesk acquisition after a year

BillDesk, founded in 2000, is an Indian success story and one of the leading payment businesses in the country