Page 7 - Cci

Amazon-Future Group row: Supreme Court to hear matter on September 19

"Amazon had misrepresented the scope and purpose of the proposed combination," CCI had said before the NCLAT

CCI clears Prosus-backed PayU's $4.7-bn acquisition of BillDesk

The deal is slated to become the second largest acquisition in the Indian digital space, after Walmart's $16-bn buyout of e-commerce behemoth Flipkart in 2018

Settlement framework will help ensure faster market corrections: CCI chief

As it steps up scrutiny of anti-competitive practices, CCI chief Ashok Kumar Gupta has said the proposed introduction of the settlement and commitment framework under the competition law will help reduce litigations and ensure faster market corrections. The Competition Commission of India (CCI), which works to ensure fair business practices in the marketplace, is already empowered to invoke leniency provisions in cartel cases, subject to certain conditions. On August 5, the government introduced the Competition (Amendment) Bill, 2022 in the Lok Sabha to amend various provisions of the competition law and the bill has been referred to the Parliamentary Standing Committee on Finance. Among the amendments proposed is the introduction of the settlement and commitment framework, which will help reduce litigations. "The existing statutory framework already provides for lesser penalty for cartels on self-reporting. Thus, the commitment and settlement mechanism for certain anti-competitive

Zee is in talks with CCI to get approval for merger with Sony Entertainment

As per the BARC data for the ongoing financial year (2023), the merged entity has 36 per cent TV viewership market share in the Hindi GEC segment, and 33 per cent in the Hindi movies channels.

Sony-Zee merger can hurt competition, scrutiny needed, says CCI: Report

Zee in a statement said it continues to take all the required legal steps to complete all the necessary approval processes for the proposed merger

Caladium Investments gets CCI nod for acquiring minority stake in ABFRL

The Competition Commission of India (CCI) on Tuesday said it has cleared the proposed acquisition of a minority stake in Aditya Birla Fashion and Retail Ltd by Caladium Investments, an affiliate of Singapore-based sovereign wealth fund GIC. The proposed transaction relates to the acquisition of a 7.49 per cent stake in Aditya Birla Fashion and Retail Ltd on a fully diluted basis by Caladium Investment Pte. Ltd by way of preferential issuance of equity and warrants. In a tweet, the CCI said it has approved the "acquisition of approximately 7.49% shareholding in Aditya Birla Fashion and Retail Limited on a fully diluted basis by Caladium Investment Pte. Ltd (GIC Investor) by way of preferential issuance of equity and warrants". In May, Aditya Birla Fashion and Retail Ltd (ABFRL) announced that it will raise up to Rs 2,195 crore from Caladium Investments, a GIC investor. ABFRL is engaged in the business of manufacturing and retailing branded apparels while GIC is a leading investment

Employers favour administrative labour reforms over legislative ones

Report reveals that just 20% of fixed-term employment contracts are renewed

$4.7-bn BillDesk deal: Prosus-backed PayU gets show-cause notice from CCI

Changes to deal structure possible, say experts

WhatsApp privacy policy: SC ruling won't affect CCI probe, says Delhi HC

If SC upholds the Policy, CCI can ascertain whether or not the provisions of the Competition Act have been violated

Big tech under Parliamentary panel lens for alleged anti-competition play

Top execs of Indian arms of Apple, Google, Amazon, Netflix and Microsoft quizzed about impact of their business models on small players.

Consumer base, user data likely to determine CCI scrutiny of digital M&As

Significant business operation is a key condition to impose deal-value criteria proposed in the Competition Bill, targeting global digital mergers and acquisitions

Inter-regulatory coordination to reduce arbitrage opportunity: CCI chairman

'In the case of market purchases where prices are volatile, if one is required to wait for approval from the CCI, the person or entity may lose the opportunity to buy shares at best prices'

CCI clears proposed merger of JSW Ispat, Creixent with JSW Steel

Fair trade regulator Competition Commission of India (CCI) on Thursday approved the proposal to merge Creixent Special Steels and JSW Ispat into JSW Steel. In May, JSW Steel announced the merger deal. JSW Steel and JSW Ispat are into manufacturing and sale of steel products while Creixent Special Steels (CSSL) is in the business of holding investments. In a tweet on Thursday, CCI said it has approved the "amalgamation of Creixent Special Steels and JSW Ispat Special Products with and into JSW Steel". Separately, the watchdog has cleared the proposed acquisition of Varmora Granito Pvt Ltd and other entities by the Carlyle Group entity Katsura Investments. The combination involves Katsura's Investments' acquisition of up to 40 per cent stake in the Varmora Granito Pvt Ltd along with acquisition of certain rights in the company and certain other target entities. The regulator has approved the "acquisition by Katsura Investments in Varmora Granito Pvt Ltd and certain other entities;

JSW Energy unit to buy Mytrah Energy's renewable assets for Rs 10,530 cr

This is the third-biggest acquisition in the renewable energy space in India

Monsoon session: Bill to strengthen antitrust watchdog tabled in Lok Sabha

The CCI has in recent times ordered probes and passed orders over alleged unfair business practices in the growing digital market

How Holcim units, other cement firms fixed prices: Antitrust probe

Cement production is a lucrative business in India's booming economy, with high demand especially from rural housing and infrastructure firms

Over Rs 2,000-cr M&As may come under Competition Commission's purview

Amendments likely in 20-year-old Competition law

Competition (Amendment) Bill: How it is looking to change CCI's functioning

Bill proposes to let individual members of the 6-member board to decide on matters for faster disposal of cases

Amazon moves SC challenging NCLAT ruling on Future group investment

Appellate tribunal upheld CCI order suspending digital commerce platform's investment in Future group in 2019

Dedicated CCI regulatory wing to keep check on apps in the offing

House panel to soon call foreign Big Tech for discussion