CCI

CCI approves Honda's plan to raise its stake in Astemo to 61%, strengthening control over the auto components maker in a strategic consolidation move

In setting aside the CCI's order against Amazon, the Supreme Court has framed regulatory certainty, transparency and fairness as strategic assets for India's investment climate

CCI has ordered a probe into Mrs India Inc over allegations that it imposed unfair, restrictive and exploitative contractual terms on pageant participants

Competition watchdog seeks to address procedural issues in the commitment framework by extending filing timelines and clarifying application requirements

Kumar, 80, was taken to the Aiims Trauma Centre after being rescued from the house but was declared dead on arrival

The Supreme Court set aside the Competition Commission of India's penalty on Amazon over its Future Coupons investment and directed refund of the recovered amount within eight weeks

The Supreme Court on Wednesday set aside the NCLAT's June 2022 order which had rejected US e-commerce giant Amazon's appeal against an anti-trust suspension of its investment deal with Future Group. A bench of Justices Vikram Nath and Sandeep Mehta also set aside the Competition Commission of India's (CCI) December 17, 2021 order which had levied a Rs 202 crore penalty on Amazon and suspended its deal with Future. "In view of the findings recorded above, the appeal is allowed. The impugned judgement dated June 13, 2022 passed by the NCLAT and order dated December 17, 2021 passed by the CCI are set aside," Justice Nath said while pronouncing the verdict. The top court said if any amount was deposited or recovered from Amazon pursuant to these orders, the same be refunded within eight weeks. The bench delivered its verdict on a plea filed by Amazon challenging the National Company Law Appellate Tribunal (NCLAT) June 2022 order.

Max hospitals, Indraprastha among chains involved in series of 12 orders

The Competition Commission of India fined Manipal group entities for implementing parts of the Aakash Educational Services acquisition without prior approval

Comptroller and Auditor General Sanjay Murthy said audit findings and competition enforcement must work together to safeguard public finances and ensure market integrity

Competition Commission seeks to strike the right balance to ensure that it neither stifles innovation with over-regulation nor allows the "winner-takes-all tyranny" of the Big Tech, the watchdog's member Sweta Kakkad said on Wednesday. Speaking at the 17th annual day function of the Competition Commission of India (CCI), she said the rise of artificial intelligence and its impact on pricing, algorithms and digital ecosystems are the newer challenges and that the regulator will deal with them efficiently. CCI has the mandate to keep a tab on unfair business practices and promote fair competition at the market place. "We are at the crossroads where the CCI tries to strike a balance that is just right, which neither stifles innovation with over-regulation nor allows the winner-takes-all tyranny of the Big Tech," she said. CCI has been taking action against unfair business practices in digital markets and has also passed orders against entities for violation of competition norms.

Watchdog had earlier sought global earnings in its 5-yr-old probe

Complaint alleges Pernod gave $24 million in corporate guarantees to help city retailers secure loans in 2021, in return for ensuring 35% of shop stock comprised Pernod brands

Appellate tribunal NCLAT on Tuesday set aside a Rs 301.6-crore penalty imposed on the Grasim Industries by CCI, directing the fair trade regulator to hear the Aditya Birla Group firm again over its alleged dominance in the viscose staple fibre (VSF) market. The tribunal observed that the CCI did not provide a chance to Grasim Industries to present their arguments, after it differed from the findings of DG, its probe Unit. The Competition Commission of India (CCI) had imposed a penalty on Grasim Industries in March 2020 for allegedly abusing its dominant position with respect to supply of VSF to spinners in India in which it has a dominant position. The order was challenged by Grasim before the NCLAT, which is also an appellate authority over CCI, which asked the regulator to hear afresh. A two-member National Company Law Appellate Tribunal (NCLAT) bench said the CCI itself has "differed from findings of the DG", its probe unit, regarding their directions for disclosure of ...

India’s iPhone export boom hits a record high — but at the same time, Apple Inc. is facing a major antitrust battle with Competition Commission of India (CCI).

After the CCI this month gave Apple an ultimatum to submit its financials and scheduled a final hearing on May 21, the company has urged the Delhi HC to urgently intervene to put the matter on hold

JioStar moves Bombay High Court, challenging CCI's jurisdiction in Asianet dispute, arguing the matter falls under TRAI's regulatory domain

Supreme Court affirms CCI's authority to close cases at the initial stage without notifying or hearing informants under Section 26(2) of the Competition Act

CCI names former advisor Rakesh Bhanot as acting DG, extends deadline to apply for the post till May 5 while key investigations remain underway

A key finding of the Commission was that the Adani Group does not hold a "dominant" position in the relevant market