Page 8 - Competition Commission Of India

Nirmala Sitharaman flags concerns about possible cartelisation in markets

Finance Minister Nirmala Sitharaman on Friday flagged concerns about possible cartelisation in markets and stressed on the need to look into the causes of short supply of commodities. Speaking at the 13th annual day function of the Competition Commission of India (CCI), the minister also said that the regulator needs to have a "proactive understanding" of mergers and acquisitions. "Cartelisation is going to be a challenge...," the minister said. While mentioning rising commodity prices due to various factors, she said there is a need to look into the causes of the short-supply situation. Her remarks come against the backdrop of spiraling inflation. Sitharaman, who is also in charge of the Corporate Affairs Ministry, said the CCI needs to be sensitive as well as firm. Corporate Affairs Secretary Rajesh Verma said the CCI has made critical interventions to deal with anti-competition matters. He said the recommendations made by the Competition Law Review Committee (CLRC) are being

Standing Committee on Finance to discuss big tech firms' practices Thursday

The panel, headed by former minister of state for finance Jayant Sinha, will also hear the views of the Confederation of All India Traders (CAIT) on the subject

Big M&As of digital businesses likely to come under CCI ambit soon

Several important deals in the digital space, like the Facebook-WhatsApp merger, have escaped CCI scrutiny due to current regulations

CCI seizes documents, data from Amazon, Flipkart sellers in raids: Report

The raids relate to an investigation the CCI ordered in January 2020 in which Amazon and Flipkart face allegations of promoting preferred sellers on their websites

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

India launches antitrust raids on Amazon sellers Cloudtail, Appario: Report

India's antitrust body launched raids at two top sellers of Amazon.com Inc over violations of domestic competition laws, two sources with direct knowledge of the matter said

Tata Group approaches CCI for merger between Air India and AirAsia India

The two combined entities, Air India and AirAsia India will have a 15.7% share of India's domestic passenger market.

CCI approves deal to acquire minority stake in BDR Pharmaceuticals

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

CCI probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel

Indian regulations mandate that companies raising debt appoint a so-called 'debenture trustee' to protect the interests of investors.

CCI penalises 24 entities, individuals for bid rigging in Railways tenders

The matter was taken up by the Competition Commission of India (CCI) following a reference filed on behalf of the North Western Railways

CCI to probe Zomato, Swiggy for alleged unfair business practices

CCI said allegations such as delayed payment cycle, imposition of one-sided clauses and exorbitant commission require investigation

CCI approves deal involving stake purchase in Hero FinCorp

The acquirer is owned by investment funds managed by affiliates of Apollo Management, L.P. Apollo Management, L.P., its affiliates, and investment funds managed by its affiliates

Fully cooperating with ongoing CCI investigation, says Apollo Tyres

CCI officials visited the offices of Apollo Tyres on Wednesday.

CCI conducts raids on offices of Apollo Tyres, Ceat, Continental

One of the sources said the case was related to an antitrust investigation into the use of unfair trade practices and rigging of bids while supplying tyres for public transport vehicles in Haryana

Competition Commission officials visit Ceat office for 'routine enquiry'

The spokesperson further said, "We categorically deny any wrongdoing in our conduct of business"

Tyre companies Ceat, Apollo, Continental raided in antitrust probe: Report

India's antitrust body on Wednesday raided the offices of tyre companies including India's Ceat, Apollo Tyres and Germany's Continental AG in an alleged case of competition law violations

CCI clubs newspaper body's complaints against Google with earlier order

According to INS, news media houses are completely kept in the dark on the total advertising revenue collected by Google

CCI decides not to pursue case related to Amazon Seller Services

The regulator had taken suo moto cognisance of the matter after a report stated that 'Amazon copied products and rigged search results to promote its own brands, documents show'

CCI approves acquisition of L&T AMC by HSBC Asset Management

Fair trade regulator CCI has approved the acquisition of L&T Investment Management Ltd by HSBC Asset Management (India) Pvt Ltd. "Commission approves acquisition of 100 per cent share capital of L&T Investment Management Ltd (L&T AMC) by HSBC Asset Management (India) Private Limited (HSBC AMC)," the regulator said in a tweet. The transaction involves the acquisition by HSBC AMC and its nominees of 100 per cent share capital of L&T AMC from L&T Finance Holdings Ltd and its nominees, a notice filed with the regulator said. Simultaneously, there will be a change in the sponsorship, trusteeship, management and administration of the L&T Mutual Fund schemes managed by L&T AMC. The L&T MF schemes will be managed and operated by HSBC AMC, and HSBC Trustee will be appointed as the trustee of the L&T Mutual fund. "Pursuant to the proposed transaction, the L&T MF will comprise part of and be considered to form an integral part of the HSBC Mutual Fund ...

Fair market regulator CCI is 'spineless, toothless', says CAIT

It is highly unfortunate that the CCI has dropped such an important investigation against law offender Amazon after starting a suo-moto case based on a global news agency's report, the statement said