Page 5 - Competition Commission Of India

CCI's Rs 1,338-cr penalty a 'major setback' for Indian consumers: Google

Google on Friday said it will review Competition Commission's (CCI) decision to impose a Rs 1,338 crore penalty for alleged anti-competitive practice, and termed the order a "major setback" for Indian consumers and businesses. In its first official response after the CCI order, Google said Android has created more choices for everyone and supports thousands of successful businesses in India and around the world. "The CCI's decision is a major setback for Indian consumers and businesses, opening serious security risks for Indians who trust Android's security features, and raising the cost of mobile devices for Indians," a Google spokesperson said in an email statement. Google said it will "review the decision to evaluate the next steps". The competition watchdog on Thursday slapped a steep penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in relation to Android mobile devices and ordered the internet major to cease and desist from various .

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"

Inbox irritant: Spam, promotional messages flood WhatsApp user accounts

Businesses see it as a way to connect with customers; parent firm says there are easy ways to block an account

CCI constantly honing toolkit to tackle digital mkt challenges: Chairperson

The Competition Commission is constantly honing its toolkit to meet the challenges emanating from digital markets and plans to hire data scientists and algorithm experts for its upcoming digital markets and data unit, the regulator's chief Ashok Kumar Gupta said on Saturday. In recent times, many cases related to technology markets have come up before the Competition Commission of India (CCI), including online marketplace platforms, app stores, payment gateways, online travel, food aggregators and social networking. "Such cases pertain to issues such as self-preferencing, leveraging, data-collection practices, deep discounting, etc. "As market regulators, we cannot overlook the challenges that market power and business practices of gatekeeper platforms pose to other market participants -- those who are competing with them and, more so, those who deal with them (and rely upon them)," he said. Speaking at a conference organised by the CCI and industry body Assocham, Gupta stressed th

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

SC upholds Delhi HC's order, refuses to entertain WhatsApp-Meta pleas

The Supreme Court on Friday upheld the Delhi High Court order, which dismissed the appeals filed by WhatsApp and Facebook (now Meta) challenging a single judge bench order refusing to stay CCI probe

CCI clears ADIA's minority stake buy in Intas Pharmaceuticals

Anti-trust regulator Competition Commission of India (CCI) on Monday cleared Platinum Owl's acquisition of a minority stake in Intas Pharmaceuticals. The proposed transaction involves a secondary acquisition by Platinum Owl of 3 per cent of the equity shareholding of Intas (on an outstanding shares basis). Platinum Owl is acting in its capacity as a trustee for Platinum Jasmine A 2018 Trust and Abu Dhabi Investment Authority (ADIA) is the sole beneficiary and settlor of the Platinum Jasmine A 2018 Trust. Intas is engaged in the business of development, manufacture and marketing of pharmaceutical formulations. In a separate combination, CCI approved acquisition of 100 per cent of the equity and compulsorily convertible debentures of five special purpose vehicles (SPVs) by IndInfravit and allotment of units of IndInfravit to CPHI-4 for the purpose of part-funding the acquisition of SPVs. The five SPVs are engaged in the operation and maintenance of highways in the states of Andhra .

CCI okays equity and CCD allotment of five highway SPVs by Indinfravit

The five SPVs are engaged in operating and maintaining highways in the states of Andhra Pradesh, Uttar Pradesh, Bihar and Maharashtra

CCI orders another probe against Google for unfair revenue sharing

The Competition Commission has ordered another detailed probe against Google for alleged unfair revenue sharing terms with respect to news content. The case will be clubbed with two other ongoing matters against the search engine major where the allegations are substantially same, according to the Competition Commission of India (CCI). The latest order has come on a complaint filed by the News Broadcasters & Digital Association. In January this year, CCI ordered a probe against Google on the complaint filed by the Digital News Publishers Association. Later, the Indian Newspaper Society also filed a similar case and that was clubbed with the first one. Now, the regulator's probe arm Director General (DG) will submit a consolidated investigation report, the watchdog said in an order released on Friday. The News Broadcasters & Digital Association had alleged that its members are forced to provide their news content to Google in order to prioritise their weblinks in the Search ...

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

CCI needs to be abreast of global best practices on mergers: FM Sitharaman

Finance Minister stressed upon the need for the federal competition watchdog to communicate more

Penalty to be levied on tech giants breaking digital market rules

These norms are expected to prohibit actions taken by e-commerce platforms such as "self-preferencing" to market their own brands

Top Headlines: Reliance Jio 5G trials today, Musk-Twitter deal, and more

Advancing its 5G launch, Reliance Jio will start a beta trial of the service in four cities on Wednesday, offering select customers unlimited data with up to 1 Gbps speed

CCI gives conditional approval to Sony-Zee merger deal: Report

Competition Commission on Tuesday gave its conditional approval for the proposed merger between media groups Sony and Zee, according to sources. The approval has been given after the Competition Commission of India (CCI) accepted the voluntary remedies proposed by the parties to allay possible anti-competitive concerns, the sources close to the development said. The proposed merger of Zee Entertainment Enterprises Ltd (ZEEL) with Sony Pictures Network India (SPNI) was announced in September last year. The deal would help Sony to expand its media business in India. SPNI is an indirect wholly-owned subsidiary of Sony Group Corporation, Japan. Deals beyond a certain threshold require the approval of the CCI.

Naspers-owned Prosus terminates $4.7 billion deal to acquire BillDesk

Prosus has been a long-term investor and operator in India, putting in close to $6 billion in Indian technology companies since 2005

Insolvency law changing the way society perceives biz failures: CCI chief

With a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way society perceives business failures and striving to build confidence among creditors, Competition Commission of India chief Ashok Kumar Gupta said on Saturday. He also emphasised that suiting the new economic milieu, the Insolvency and Bankruptcy Code (IBC) projects exit as a resolvable fall-out of market competition and provides a rather graceful exit for entrepreneurs. He was delivering the annual day lecture of the Insolvency and Bankruptcy Board of India (IBBI), a key institution in implementing the Code. "Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way society perceives business failures, as it becomes a reform by, for and of stakeholders. "Standing on the two critical pillars of transparency and credibility, the Code and its implementation have continuously strived to build confidence among the creditors and the new management through a

CCI clears acquisition of Essar Group assets by ArcelorMittal Nippon Steel

The Competition Commission of India on Thursday approved acquisition of assets of Essar Group by ArcelorMittal Nippon Steel India Ltd.

CCI approves acquisitions of Diliigent Power and DB Power by Adani Power

Fair trade regulator Competition Commission of India (CCI) on Thursday approved the acquisition of 100 per cent equity of Diliigent Power and DB Power by Adani Power Ltd. The proposed combination relates to the acquisition of the 100 per cent of the share capital and economic rights of Diliigent Power and DB Power by Adani Power Ltd, according to an official release. In August, Adani Power said it will acquire DB Power Ltd, which owns and operates a 2x600 MW thermal power plant at Janjgir-Champa district in Chhattisgarh, at an enterprise value of Rs 7,017 crore for cash consideration. Diliigent Power is primarily engaged in the activities of a holding company. DB Power operates a coal-based thermal power plant with an installed capacity of 1,200 MW per hour in Chhattisgarh. Adani Power is a publicly listed company with eight operational power plants in India. Deals beyond certain thresholds require approval from CCI which keeps a tab on anti-competitive practices.