Cci

Avoiding suo motu cases unless no one comes forward: CCI to House panel

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

CCI must enforce penalty rules for competition law violations: House panel

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 ...

Tighten norms on repeat violations, protect MSMEs: House panel to CCI

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

CCI dismisses plea against Jio, 4,500 firms over anti-competitive conduct

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

Writ petition in Delhi HC challenges validity of CCI's settlement framework

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

Restaurant association urges CCI to stop Zomato from imposing price parity

NRAI says platform shouldn't revive exclusivity clauses

CCI cracks down on HP: Why HP India faces ₹142 crore fine | Business news

The Competition Commission of India has fined HP India and several resellers ₹142.37 crore for alleged bid rigging and cartelisation in Government e-Marketplace (GeM) tenders.

CCI fines HP India and resellers in govt emarketplace cartel case

The Competition Commission of India has imposed Rs 142.37 crore in penalties on HP India and its resellers for bid rigging in GeM tenders while reaffirming that cartel orchestrators can seek leniency

CCI approves upGrad's acquisition of Unacademy after months of review

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

CCI clears pharma firms, trade bodies in 14-year-old antitrust case

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

Apple accuses CCI of 'copy-pasting' rivals' claims in antitrust probe

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

CCI clears Honda's proposal to acquire additional 21% stake in Astemo

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

Supreme Court ruling resets the role of India's economic regulators

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 orders probe into Mrs India Inc for alleged anti-competitive practices

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

CCI proposes increasing time limit under antitrust commitment mechanism

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

CCI's first chairman Dhanendra Kumar dies in AC blast fire at Delhi home

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

SC junks ₹202 crore penalty on Amazon by CCI in Future Coupons case

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

SC sets aside CCI's ₹202 crore penalty on Amazon in Future Group deal

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.

CCI says hospitals not automatic monopolies over admitted patients

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

CCI imposes ₹50 lakh penalty on Manipal group over Aakash deal violations

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