Competition Commission Of India

Competition Commission has approved the acquisition of Rajasthan Royals (India) and two other professional cricket franchises by industrialist Lakshmi N. Mittal and his son Aditya Mittal, along with Adar Poonawalla. Westview Cricket Ltd and Poonawalla Sports and Fitness Pvt Ltd will be buying Rajasthan Royals (India), Paarl Royals (South Africa) and Barbados Royals (Barbados). Competition Commission of India (CCI) has approved the acquisition, an official release said on Thursday. The transaction value is around USD 1.65 billion. Westview Cricket, a company registered in the UK, is owned by Lakshmi Mittal family while Poonawalla Sports is owned by Adar Cyrus Poonawalla. EM Sporting Holdings Ltd (EMSH), a private company incorporated in Mauritius, is the holding company for Royal Multisport Pvt Ltd (RMPL), Paarl Royals Ltd and Barbados Royals Ltd. RMPL owns and operates the Rajasthan Royals franchise, which participates in the Indian Premier League T20 cricket tournament organised

Pillai tells that the CCI could have done more to curb concentration, and social protection should have featured more prominently in the reforms

The competition regulator said granting the relief while the matter was under investigation by the Director General would have the effect of prejudging the issues

NEW DELHI, Aug 25 (Reuters) - Global fragrance makers Givaudan, Firmenich and International Flavors & Fragrances face a second antitrust investigation by Indian authorities, according to ​a regulatory document seen by euters.

The competition regulator has also increased the overall timeline for considering commitment applications to 180 days as it seeks to address procedural and administrative issues

The government has invited applications for filling posts for members at the Competition Commission of India (CCI). The appointments will be for five years from the date of joining or till the age of 65 years, whichever is earlier, according to a notice by the Ministry of Corporate Affairs. The members will receive a consolidated monthly salary of Rs 5 lakh and will not be entitled to a house or car, according to a notice. Eligible candidates can apply until September 28. Applicants should have at least 15 years of professional experience and special knowledge in areas, including international trade, economics, commerce, law, finance, accountancy, management, industry, technology, public affairs or competition matters, including competition law and policy. The Ministry of Corporate Affairs, in its notice, said, "A person of ability, integrity and standing... who in the opinion of the Central Government, may be useful to the Commission is eligible for appointment as a CCI member. T

The competition watchdog could be left with only two members, potentially affecting antitrust proceedings even as merger clearances may continue under the doctrine of necessity

The top court upheld the NCLAT ruling setting aside the Competition Commission's order, directing the regulator to reconsider the matter after granting Grasim a fresh hearing

Competition Commission is avoiding taking up suo motu cases unless nobody is willing to come forward, as there is a conflict of interest in terms of establishing and also adjudicating such cases, the regulator informed a Parliamentary panel. The watchdog has the mandate to curb unfair business practices, as well as foster fair competition, across sectors. The Committee on Subordinate Legislation of the Rajya Sabha that examined various regulations and guidelines of the Competition Commission of India (CCI) flagged the issue of decline in suo motu cases. During the committee's meeting on May 19, CCI Chairperson Ravneet Kaur told the panel members that suo motu cases were more frequent during the initial years due to limited public awareness regarding competition law. "But the Commission felt that there is somewhat of a conflict in that they are establishing a case against a party and also adjudicating it. "Therefore, they have now avoided taking up a matter suo moto unless nobody e

The airline has proposed a crisis management framework, fare safeguards and faster refunds to address concerns raised in the CCI's abuse-of-dominance investigation

The Competition Commission of India found no evidence that Jindal Stainless abused its dominant position or entered into anti-competitive supply arrangements

A parliamentary panel has urged the CCI to periodically review its regulations, improve transparency in penalty calculations and strengthen safeguards for MSMEs and startups

The plea accused over 4,500 companies, including Reliance Jio Infocomm, of anti-competitive practices, including market sharing and bid-rigging.

The competition watchdog found no evidence of abuse of dominance by Delhi International Airport Ltd in awarding security service contracts at Indira Gandhi International Airport

NRAI's latest plea has brought Zomato's price-parity clauses back into focus. Here's what the case is about and why these provisions are under scrutiny

NRAI says platform shouldn't revive exclusivity clauses

The competition watchdog clears the proposed combination between upGrad and Unacademy, allowing the companies to move towards closing the education-technology deal

The antitrust watchdog rejected its Director General's findings, ruling there was no evidence of anti-competitive agreements involving stockist appointments or new drug launches

The iPhone maker has asked India's competition watchdog to set aside an investigation report that found it engaged in abusive conduct, alleging investigators relied heavily on complaints from rivals

Fair trade regulator CCI on Tuesday approved US-based Alpha Wave Global's proposed stake purchase in Nxtra Data, the data centre and cloud services arm of Bharti Airtel. Alpha Wave Global is acquiring a stake through Alpha Wave Ventures II, LP, a private equity fund co-managed by the alternative asset manager. The Competition Commission of India (CCI) said it has cleared the proposed deal. "CCI approves acquisition of certain shareholding in Nxtra Data Limited by Alpha Wave Ventures II, LP," the competition watchdog said in a post on X. In March this year, Bharti Airtel announced that its subsidiary Nxtra Data has secured USD 1 billion investment led by Alpha Wave Global, Carlyle and Anchorage Capital. Bharti Airtel, which will also participate in the investment round, will continue to retain a controlling stake in Nxtra. As part of the acquisition deal, Alpha Wave Global will invest USD 435 million, with the rest to be infused by Carlyle, Anchorage Capital and Airtel. After the