Page 15 - Competition Commission Of India

CCI flags concern over e-commerce deep discounts, bats for self-regulation

The CCI flagged concerns around deep discounting on goods and services offered by large online retailers, particularly in the case of mobile phones and electrical appliances

HDFC, subsidiary get approval for acquiring majority stake in Apollo Munich

HDFC will acquire 50.8% from the Apollo Hospitals group for Rs 1,336 crore and will buy out the 0.4% stake being held by the employees for Rs 10.84 crore

Airlines oppose Rs 8000-crore Tata Group-GIC stake in GMR Airports

IndiGo, SpiceJet, GoAir see undue favour to Vistara; GMR says fear unwarranted

CCI approves stake buy in SBI General Insurance by Napean, Honey Wheat

The country's largest lender and Insurance Australia Group (IAG) held 70 per cent and 26 per cent, respectively, in SBI General Insurance

Staff shortage: Parliamentary panel flags structural issues at SFIO, CCI

The Serious Fraud Investigation Office (SFIO) and the Competition Commission of India (CCI) are among the institutions under the ministry that are well short of their respective sanctioned strength

CCI mulls issuing soft self-regulation advisory to e-commerce companies

The aspects might include transparency over ranking, data, and review and rating mechanisms

CCI approves Amazon.com's proposal to acquire 49% stake in Future Coupons

Amazon.com NV Investment Holdings is a direct subsidiary of Amazon.com, Inc

CCI approves Total Group's 37.4% stake-buy, joint control of Adani Gas

The proposed combination represents an investment opportunity for Total along with its subsidiaries and affiliates given the future of natural gas business in India

After long wait, National Financial Reporting Authority gets own address

After camping in make-shift offices, it shifted to a upmarket central Delhi building just a few months ago that was previously the office of the Competition Commission of India

Probe finds Tata Steel, SKF, Schaeffler units colluded on bearings prices

Competition Commission of India (CCI) began an investigation in 2017 after receiving allegations of five companies colluding on bearings prices from 2009-2014.

Competition Commission accepts Laptev's acquisition of Welspun Corp arm

The Competition Commission of India (CCI) on Monday said that it has approved the acquisition of Welspun Corp's 'Plates & Coiled Mill Division' by Laptev Finance Pvt Ltd.

CCI approves Adani's bid to buy 23.5% stake in Mumbai International Airport

As per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements

Competition watchdog dismisses complaint against vacation exchange firm RCI

RCI India is a subsidiary of RCI Inc and looks after the business of timeshare exchange in India

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

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

Centre to tweak competition law and tune it with new-age digital economy

NITI Aayog Vice-Chairman Rajiv Kumar highlighted the need for the CCI to develop oversight capabilities on data-related businesses, so as to prevent the amassing of power in a single conglomerate

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.

Letter to BS: Rules curbing airline stakes in airports should be reviewed

Let the 2006 agreement between AAI and GMR be amended soon

Best of BS Opinion: Changing thinking at Railways, competition regulator

Here's a selection of Business Standard opinion pieces for the day

New chapter in competition law probes

SC direction to the Competition Commission of India to investigate alleged predatory pricing by Uber disturbs the latter's policy position in market abuse cases