Page 6 - Competition Commission Of India

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

Several app developers may soon have to pay 6% commission to Google: Report

This comes after Google announced a change in its billing system allowing the developers to pay via mechanisms other than the Google Play billing system

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.

CCI rejects complaint against proposed merger of multiplex chains PVR, INOX

The Competition Commission of India (CCI) on Tuesday rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an entity cannot be a subject of probe. The watchdog's order has come on a complaint filed against the proposed merger that would create the country's largest multiplex chain with a network of more than 1,500 screens. On March 27, PVR and INOX Leisure announced the merger. However, the entities were not required to seek CCI approval for the deal as it was below the regulator's threshold levels. Under the competition law, deals beyond certain thresholds require clearance from the regulator. In a seven-page order, the regulator said it was of the view that apprehension of likelihood of AAEC (Appreciable Adverse Effect on Competition) by an entity which is yet to take form cannot be a subject matter of inquiry/investigation under Section 3 or 4 of the Competition Act. Section

Sony, Zee offer concessions to ease CCI's concerns over merger: Report

Firms propose pricing concessions to CCI, Sony-Zee not proposing structural changes for now, say sources

'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

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, more scrutiny needed, CCI says

The Competition Commission of India's (CCI) Aug. 3 notice to the two companies stated the watchdog is of the view that a further investigation is merited

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

$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

WhatsApp privacy policy places users in 'take it or leave' situation: HC

The Delhi High Court has held that WhatsApp's 2021 privacy policy places its users in a take it or leave it situation, virtually forcing them into an agreement by providing a mirage of choices and then sharing their sensitive data with its parent company Facebook. The high court's verdict came while dismissing the appeals of WhatsApp and Facebook against an order rejecting their challenge to a probe ordered by the Competition Commission of India (CCI) into the instant messaging platform's updated privacy policy of 2021. A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad said the single judge's April 22, 2021 order was well-reasoned and the appeals are devoid of merit and substance that would warrant the interference of this court. While the judgement was pronounced by the division bench on Thursday, it was uploaded on the court's website on Friday. In April last year, a single judge of the high court had refused to interdict the investigation directed by

Delhi HC dismisses Whatsapp, Meta appeals against CCI investigation

Regulator says social media network's user policies are opaque and not based on consent

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.

CCI keeping a close watch on PEs taking board seats in rival firms: Report

While the CCI has no issues with PEs owing minority stakes in rival companies, the watchdog wants these funds to choose only one firm in terms of board representation

In-app purchase controversy: CCI to hear charges against Google this week

The three-member CCI panel, headed by Chairman Ashok Kumar Gupta, is likely to hear the matter daily later this week and is expected to pass the final order by September

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

Govt plans 'leniency plus' regime for strict probe into cartels: Report

The central government is planning to introduce a "leniency plus" programme in a bid to encourage companies, under investigation for one cartel, to report other cartels that are not known to the CCI

CCI approves acquisition of stake in IIFL Home indirectly by ADIA Group

The proposed transaction relates to the acquisition of up to 20 per cent stake in IIFL Home Finance by Platinum Owl C 2018 RSC Ltd, a trustee acting for Platinum Jasmine Trust.

Competition Commission of India approves merger of HDFC Bank, HDFC Ltd

The proposed combination envisages the merger of HDFC Investments and HDFC Holdings with HDFC Ltd in the first step and subsequently, the merger of HDFC Ltd into HDFC Bank.