Page 2 - Competition Law

Competition (Amendment) Bill: How it is looking to change CCI's functioning

Bill proposes to let individual members of the 6-member board to decide on matters for faster disposal of cases

UK competition watchdog fines Meta $2 million over Giphy acquisition

Meta failed to notify the regulator about the resignation of three key employees and the reallocation of their roles, according to the watchdog

CCI issues order against firms guilty of bid-rigging and cartelization

The Competition Commission of India (CCI) issued a final order on Friday against six firms

Zee, Invesco battle to test Competition law on wresting corporate control

Zee says Invesco did not seek CCI approval for naming six nominee directors on its board; lawyers say consent not required for less than 10% stake acquisition

Regulatory oversight needs fine-tuning with changing times: CCI Chairman

Data hegemony by some digital companies may lead to an "attention economy", he says

Best of BS Opinion: Seal a tax deal, the road ahead for SBI, and more

Here are the best of Business Standard's opinion pieces for Monday

Competition law in digital platform era

Are we running a cricket match using football rules?

China warns online platform companies to halt anti-competitive practices

China's market regulator said on Tuesday it had warned nearly three dozen internet "platform" companies to stop using any banned practices

CCI dismisses case of alleged cartelisation by 2 bidders in AIIMS tender

The Competition Commission of India (CCI) has dismissed a case of alleged cartelisation by Romsons Scientific & Surgical Industrial Pvt Ltd and BSN Medical Pvt Ltd and some of their officials. The regulator had directed the director general (DG) to carry out an investigation after the matter originated from a complaint alleging cartelisation by the firms in respect of a tender invited by AIIMS in 2016. The DG after taking into consideration the submissions of the parties, concluded that different parties, at different geographical locations with different cost of production and profit margins quoting identical rates, independently, would be too much of coincidence, which is difficult to believe. Accordingly, the DG concluded that the firms colluded and acted in contravention of provisions of the Competition Act. However, the CCI said that there is no evidence of any communications or meetings having taken place between the opposite parties (OPs) or any other arrangement indicating

New regulators: Careful what you wish for

If past experience is anything to go by, creating a new sectoral regulator for a specific industry is more likely to undermine the objective of combating anti-competitive conduct

Competition laws, IPR encourage innovation, aid human progress: D Subbarao

Competition laws and Intellectual Property Rights (IPR) both encourage innovation and contribute to human progress, former RBI Governor D Subbarao said on Saturday

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

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

How Competition Law plans to regulate digital economy, plug loopholes

The plan is to come out with rules by the year-end for bringing e-commerce market players under the ambit of competition laws

Why laws, rules and regulations of India's competition regime need a revamp

The review panel must push for greater clarity on regulatory front, more CCI benches and expeditious disposal of cases, say experts

For a robust competition law

Legal experts share their insights on measures to make the competition law more effective