Page 8 - Cci

UDAN international plan under a cloud as AirAsia India fails to get permit

CBI case prompts the authorities to bar low-cost airline from proceeding on bids it won for regional air connectivity project

CCI approves Google International's buy of 1.28% stake in Bharti Airtel

Google International LLC is a wholly-owned subsidiary of Google LLC

5 years on, work still in progress: The promises, challenges of GST regime

While tax evasion, technical glitches, and litigation continue to plague the indirect tax system, the revenue collections have picked up in recent months

Top headlines: India softens stance at WTO meet, what next after 5G & more

Global tech companies are again bracing for a battle with Indian telecom companies, and this time it is over delicensing of the valuable 6-GHz band (5925-7125 MHz).

House panel seeks spl digital division in CCI to bridge enforcement gaps

Parliamentary Standing Committee on Commerce says antitrust body needs to be strengthened to bridge gaps in enforcement

CCI clears Air India's acquisition of AirAsia India stake, helping merger

At present, the Tata group owns and operates four airlines - Air India, Air India Express, AirAsia India, and Vistara. Air India and Vistara operate on both domestic and international routes

CCI approves proposed acquisition of AirAsia India by Air India

The two combined entities will have a 15.7% share of India's domestic passenger market

NCLAT rejects Amazon plea against CCI order, directs to pay Rs 201 cr

The deal involves a Rs 1,431-crore investment by the US major to purchase a 49 per cent stake in Kishore Biyani-led Future Coupons Pvt Ltd (FCPL) in 2019

Cloudtail says CCI detained its employees illegally during raid

An initial hearing on Cloudtail's filing at the Delhi High Court on June 3 did not mention the detentions, and the contents of the filing have not been posted publicly

CCI penalises 7 entities for bid-rigging in Indian Railways tenders

Besides slapping penalties on certain entities, the watchdog has directed them to cease and desist from anti-competitive practices.

CCI approves deal for selling stakes in Magma General Insurance Company

Fair trade regulator CCI has cleared the proposed acquisition of majority stake in Magma HDI General Insurance Company Ltd by Sanoti Properties LLP. Sanoti is into the business of development of commercial and residential real estate projects. As per a notice filed with the Competition Commission of India (CCI), the proposed combination is being undertaken in order to ensure compliance with the mandatory regulations of the Insurance Regulatory and Development Authority of India (IRDAI). CCI has approved "acquisition of 55.39 per cent of the total equity share capital of Magma HDI General Insurance Company Limited by Sanoti Properties LLP," according to a tweet on Wednesday. Under the deal, Sanoti would acquire shares constituting 55.39 per cent of the total equity share capital of Magma HDI. It would also involve buying shares of Magma HDI held by certain shareholders -- Poonawalla Fincorp Ltd and Serum Institute of India Pvt Ltd. Transactions beyond certain thresholds require the

CCI raids engineering companies after Coal India antitrust complaint

The watchdog as a matter of policy does not make public details of its ongoing price cartel investigations, or raids

Parliamentary panel summons tech giants to discuss competitive conduct

With a number of global tech giants facing a CCI probe for alleged anti-competitive practices, a key Parliamentary panel decided to summon representatives of Google, Amazon, Facebook, Twitter

Preferential treatment case: CCI raids sellers of Amazon, Flipkart

India's antitrust body launched raids on the two top domestic sellers of Amazon over accusations of having violated competition laws

Top traders body CAIT lauds CCI raids on Amazon sellers Cloudtail, Appario

India's antitrust body has reportedly launched raids against the two top domestic sellers of Amazon over accusations of having violated competition laws

Zomato slips 46% so far in 2022 as FPIs, MFs trim stake in March quarter

Shares of food delivery company Zomato hit a new low of Rs 74.65, down 2 per cent on the BSE in Thursday's intra-day trade. The stock has dropped 6 per cent in the past two trading days.

NCLAT reserves its order on Amazon's plea challenging CCI ruling

NCLAT has reserved its order on Amazon's plea challenging the decision of regulator CCI to suspend approval for the e-commerce major's deal with Future Coupons.

Amazon-Future case: CCI filing may hinge on power to revoke order

Amazon during the argument questioned the CCI order, arguing it did not have power to suspend or place its own order in abeyance

CCI approves deal to acquire minority stake in BDR Pharmaceuticals

BDR Pharmaceuticals is mainly into four therapeutic segments -- oncology, critical care, gynaecology, and neurology

Bombay HC puts on hold CCI probe of top debt trustees

CCI puts on hold an antitrust investigation into trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion on fees; HC asks SEBI to complete inquiry in 60 days