Cci

Apple trying to block probe, CCI tells Delhi HC in global turnover dispute

The Delhi High Court issued notices to the CCI and the Centre to respond to Apple's plea challenging rules that allow penalties on a company's global turnover

CCI approves proposed merger between InsuranceDekho and RenewBuy

The Competition Commission of India has approved the merger of InsuranceDekho and RenewBuy, marking a major consolidation in India's digital insurance marketplace

NCLAT quashes CCI's WhatsApp-Meta data ban, upholds ₹213 crore penalty

The tribunal said CCI's five-year ban on WhatsApp data sharing with Meta was unwarranted but upheld the Rs 213 crore penalty, ruling no abuse of dominance in the messaging market

NCLAT overturns CCI ban on Whatsapp sharing user data with Meta platforms

Appellate tribunal NCLAT on Tuesday set aside a section of a Competition Commission of India (CCI) order that had banned WhatsApp from sharing data with Meta Platforms for advertising purposes for five years. Modifying the order passed by the CCI on November 18, 2024, the NCLAT set aside section 247.1 of the 158-page-long order. However, the tribunal retained the Rs 213 crore penalty on the company and the rest of the order. "We are setting aside the findings of the Commission insofar as it holds breach of Section 4 (2)(D) and setting aside the directions in paragraph 247.1, (which stated) WhatsApp will not share user data collected on its platform with other data companies or advertising purposes for a period of five years from the date of receipt of this order," said NCLAT bench while pronouncing its order orally in the open court. "In respect of such sharing of data for advertising purposes, the rest of the impugned order is upheld. The order dated 18 November 2024 is modified ..

CCI clears Torrent Pharma's proposal to buy stake in JB Chemicals

Fair trade regulator CCI on Tuesday cleared Torrent Pharmaceuticals Ltd's proposed acquisition of a stake in JB Chemicals and Pharmaceuticals, subject to voluntary modifications offered by the companies. The development came after Torrent Pharmaceuticals in June this year announced the acquisition of a majority stake in JB Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. "The proposed combination relates to the acquisition of shareholding by Torrent Pharmaceuticals Ltd (acquirer) in JB Chemicals & Pharmaceuticals Ltd (target) and the subsequent amalgamation of the target with the acquirer," the regulator said in a release. After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company. "The Commission approved the proposed combination subject to compliance with voluntary modifications offered by the parties (Torrent Pharmaceuticals Ltd and JB Chemicals & Pharmaceuticals Ltd)," it added. Torrent Pharmaceuticals is the ...

Madison Communications asks court to quash antitrust probe into ad agency

Madison was among numerous ad agencies and a group of broadcasters raided by CCI on suspicion of collusion over advertising rates and discounts, in strictest regulatory action on the sector to date

CCI calls for self-audit of AI systems to ensure responsible autonomy

The CCI's market study on AI urges companies to self-audit algorithms to prevent anti-competitive behaviour while promoting innovation and fair market practices

CCI suggests companies to perform self-audits of AI-based systems

To curb AI-triggered unfair business practices, a CCI market study has suggested that enterprises need to conduct self-audits of their artificial intelligence systems to address potential competition concerns and also that the watchdog strengthen its technical capabilities as well as infrastructure. The study titled 'Market Study on Artificial Intelligence and Competition' released by the Competition Commission of India (CCI) on Monday also mooted the idea of setting up a "think tank to draw upon expertise on matters related to digital markets with special focus on AI" and undertake steps to promote inter-regulatory coordination. Apart from emphasising the need to strengthen CCI's technical capabilities and infrastructure, the study has also suggested that the regulator should engage with international competition authorities and multilateral competition platforms. The study also comes at a time when there are concerns about algorithmic collusion and AI-driven pricing strategies tha

Jindal Power gets CCI nod to acquire debt-ridden Jaiprakash Associates

Fair trade regulator CCI on Tuesday said it has given in-principle approval to Naveen Jindal-led Jindal Power's proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding. Apart from Jindal Power, the proposals of PNC Infratech, Adani Group and Dalmia Bharat for JAL acquisition have been cleared by the regulator. "Commission approves acquisition of Jaiprakash Associates Limited by Jindal Power Ltd," the regulator said in a post on X. The Competition Commission of India (CCI) said it has approved the acquisition of Jaiprakash Associates Ltd (JAL) by Jindal Power. Following a recent ruling by the Supreme Court related to interpreting provisions of the Insolvency and Bankruptcy Code (IBC), an approval from the competition watchdog is mandatory for submission of a resolution plan by the entity concerned. The entity must obtain the CCI nod before the resolution plan is voted upon by the Committee of Creditors (CoC) of the company ...

NCLAT keeps order reserved in WhatsApp, Meta challenge to CCI penalty

The appellate tribunal has reserved its order on WhatsApp and Meta's plea against the Rs 213.14 crore fine imposed by CCI for alleged abuse of dominance over its 2021 privacy policy

Parliamentary panel seeks MCA report on CCI's role in digital landscape

The standing committee chaired by Bhartruhari Mahtab, Member of Parliament in its report tabled in the Lok Sabha during the monsoon session backed the need to have an ex-ante regulatory framework

Let consumer decide on data sharing with intermediaries: CCI to NCLAT

CCI argued before NCLAT that users must retain the right to share or withdraw data on platforms like WhatsApp as it defended its penalty on Meta for alleged abuse of dominance

We are being punished for providing superior services, Meta tells NCLAT

Meta told NCLAT it was being punished by CCI for offering superior services and highlighted lapses in the watchdog's findings on WhatsApp's 2021 privacy policy case

JSW Paints gets CCI nod to acquire up to 75% stake in Akzo Nobel India biz

The acquisition will make JSW Paints the fourth-largest player in the country's paint industry

Abuse of dominance not proved by CCI, Meta tells NCLAT

Meta told NCLAT that integrating WhatsApp data enhances advertiser value and market leadership, adding CCI failed to prove abuse in its dominance case

CCI overstepped jurisdiction by ruling on privacy issues: WhatsApp to NCLAT

The appellate tribunal in March this year had deferred the hearing in the case, citing the upcoming Digital Personal Data Protection (DPDP) Rules

CCI dismisses complaint against Emaar India over Marbella villa project

Fair trade regulator CCI has dismissed a complaint alleging abuse of dominance and anti-competitive practices by Emaar India Ltd and others in connection with its "Marbella" villa project in Gurugram. "The Commission finds that no prima facie case of contravention of the provisions of Sections 3 and 4 of the Act is made out against the opposite parties in the instant matter," according to an order passed by the Competition Commission of India (CCI). Section 3 and 4 pertain to anti-competitive agreements and abuse of dominant position, respectively. The case was based on a complaint filed by an informant who alleged that Emaar India Ltd, its group firm Emaar India Community Management, and several government departments including the Department of Town and Country Planning, Haryana, and the Union of India through DPIIT have violated the Sections 3 and 4 of the Competition Act. The complainant alleged that Emaar misused its dominant position by permitting construction of builder floo

Yes Bank stock up 3% on CCI nod for this deal; check more details inside

Yes Bank's share price was quoting 3.3 per cent higher at ₹20.2 per share against the previous close of ₹19.55 on the NSE

CCI, MeitY to work together on competition and data protection issues

CCI and MeitY have agreed to collaborate on overlaps between the DPDP Act and Competition Act, aiming for regulatory harmony in addressing data protection, competition and consumer welfare

CCI okays Multiples Equity-led consortium stake buy in VIP industries

A group of investors led by Multiples Equity on Tuesday received approval from the Competition Commission of India (CCI) to acquire stakes in luggage and travel accessories maker VIP Industries. VIP Industries promoters Dilip Piramal and Family in July had announced the sale of up to 32 per cent of their stake in the company to a consortium led by Multiples Equity, an alternative asset management company. The consortium comprises Multiples Private Equity Fund IV (MPEF), Multiples Private Equity Gift Fund IV (MPGF), Samvibhag Securities, Caratlane founder Mithun Padam Sacheti, and his brother, Siddhartha Sacheti. "The proposed combination relates to the acquisition of certain shareholding by Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities Pvt Ltd, Mithun Sacheti and Siddhartha Sacheti in VIP Industries Ltd," the fair trade regulator said in a release. Multiples focuses on core sectors of financial services, pharma & healthcare, consumer