Competition Commission Of India CCI

Global investment major KKR has received the competition watchdog CCI's approval to acquire a stake in Gentari Renewables India, a clean energy platform of Malaysia's energy giant PETRONAS. KKR is making the investment through its affiliate Sapphire US HoldCo (USA), LLC, which will subscribe to certain securities of Gentari Renewables India Pte Ltd, the Competition Commission of India (CCI) said on Tuesday. Gentari Renewables India Pte Ltd is engaged in the provision of power generation through renewable energy sources and battery energy storage solutions in India. It is an indirect wholly-owned subsidiary of Petroliam Nasional Berhad (PETRONAS) and belongs to the Malaysian multinational oil and gas company PETRONAS group. The approval follows the proposed investment announced in October, under which KKR is set to acquire a stake in the Indian renewable energy business backed by Malaysian state-owned energy major PETRONAS for around Rs 6,000 crore. KKR already has investments acro

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

Anisha Chand, Partner | Competition / Antitrust, Khaitan & Co., talks about regulating the Big Tech & AI, career at the intersection of law, tech, AI, business management, and provides suggestions

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 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 Supreme Court on Friday upheld an NCLAT order that set aside a Rs 301.6 crore penalty imposed on Grasim Industries by the Competition Commission of India and directed the fair trade regulator to hear the Aditya Birla Group firm again over its alleged dominance in the viscose staple fibre market. A bench comprising Justices J B Pardiwala and K Vinod Chandran dismissed the Competition Commission of India's (CCI) appeal challenging the May 5 NCLAT order. The tribunal had observed that the CCI did not provide a chance to Grasim Industries to present its arguments after it differed from the findings of the Director General (DG), the regulator's probe unit. The CCI had imposed the penalty on Grasim Industries in March 2020 for allegedly abusing its dominant position with respect to the supply of viscose staple fibre (VSF) to spinners in India. Grasim challenged the order before the NCLAT, which is also an appellate authority over the CCI, which asked the regulator to hear the matter

The Union government may raise thresholds under the proposed Digital Competition Bill. Here's what the law seeks to do, who may fall within its scope and why the changes matter

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

Fair trade watchdog CCI should vigorously enforce the determination of penalty guidelines to curb the risk of repeated competition law violations being internalised as a "mere cost of doing business", according to a Parliamentary panel. These guidelines provide for repeated competition law contraventions as an aggravating factor while imposing penalties to ensure that such offences do not happen in the future, the Committee on Subordinate Legislation of the Rajya Sabha said. The recommendation is part of the report tabled this week in Parliament by the committee chaired by Milind Murli Deora on the Competition Commission of India (CCI). In the report, the committee said vigorous antitrust enforcement is indispensable to ensure that the least advantaged are not further disadvantaged by unfair or anti-competitive conduct. "Small businesses, MSMEs, startups etc should be able to depend upon a steady and vigorous enforcement of the competitive laws to safeguard their ability to ...

The petition alleges that the Competition Act settlement regime prevents consumers, informants and other affected parties from questioning CCI settlement orders

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

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

Apple's decision to submit India financials moves the CCI's antitrust probe closer to a potential penalty over alleged App Store market abuse

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

Fair trade regulator CCI on Wednesday approved a proposal of Blackstone-backed PE funds and other investors to acquire a stake in AI acceleration cloud provider Neysa Networks. The development came after Neysa, in February this year, announced that private equity funds affiliated with Blackstone and co-investors have entered into definitive agreements to invest in the company, enabling a USD 1.2 billion capital raise. The Competition Commission of India (CCI) said it has cleared the proposed deal. "CCI approves the acquisition of certain shareholding in Neysa Networks Private Limited by BCP Asia II Topco V Pte. Ltd, Asia II Topco XIV Pte. Ltd, and other investors," the competition watchdog said in a post on X. Other equity investors in the transaction include Teachers' Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Ventures. Blackstone is the world's largest alternative asset manager with USD 1.3 trillion in assets under management, including global investment strategies .

Delhi HC said in an order that Apple 'shall fully cooperate' but it asked the Competition Commission of India to not pass a final order in the matter until at least July 15

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