Cci

Leading steelmakers colluded to fix prices, finds antitrust probe

CCI has sought financial statements to calculate penalties

CCI approves Nippon Steel's ₹3,500 crore deal to fully acquire Krosaki

The Competition Commission of India (CCI) on Tuesday approved Japanese steelmaker Nippon Steel Corporation's proposal to acquire the remaining 53.4 per cent stake in Krosaki Harima Corporation. Nippon Steel holds a 46.6 per cent stake in Krosaki. After the completion of the transaction, Nippon Steel's holding in Krosaki would be 100 per cent. "The proposed combination involves acquisition by Nippon Steel Corporation (Nippon Steel) of 53.4 per cent shareholding of Krosaki Harima Corporation (Krosaki) by way of a tender offer and potential squeeze out (if applicable)," the regulator said in a release. In India, Nippon Steel is engaged in the business of manufacturing tubes and pipes, and processing automotive cold rolled steel sheets, crankshafts, and auto-parts and also imports and sells various products. Krosaki is a listed company in Japan. In India, Krosaki, through its affiliate entities, is engaged in the manufacturing and sale of refractory products, and services the iron & ..

CCI directs 2 Ludhiana firms to cease, desist from anticompetitive conduct

The Commission found that the quotation of identical prices, timing of submission of financial/commercial bids and similar prior conduct support the conclusion of concerted action

'Abuse' of market dominance: CCI seeks info from aviation major IndiGo

Competition Commission has sought details from IndiGo after a consumer complaint alleged exploitative pricing following flight disruptions; CCI may examine Section 4 issues

IndiGo probe decision taken after initial assessment: CCI's Ravneet Kaur

IndiGo cancelled hundreds of flights starting from December 2, causing hardships to thousands of passengers

CCI to investigate IndiGo over recent flight disruptions across routes

IndiGo had grounded thousands of flights across the country after being unprepared for stricter safety norms, which came into effect in November

CCI to probe IndiGo on complaint from informant over flight disruptions

The CCI first conducts a preliminary inquiry based on the information received, and then, based on the findings, it directs the Director General's office to start a formal investigation

CCI recovered 46% of ₹2,888 cr penalty in last 3 years: Annual report

The total number of combinations, or mergers, approved or disposed of in FY25 went up to 138 from 101 in the previous year

NCLAT: WhatsApp must seek user consent before sharing data with Meta

The earlier Nclat judgment had upheld the ₹213.14 crore penalty against Meta and WhatsApp but had left ambiguity over the extent of user-choice safeguards

Govt finalises affidavit in Apple case, submission to Delhi High Court soon

The CCI guidelines said that it would calculate the penalty amount up to 30 per cent of the average relevant turnover based on the nature and gravity of the contravention

CCI directs three Maharashtra liquor associations to cease price controls

The Competition Commission of India has ruled that three Maharashtra liquor trade associations engaged in anti-competitive conduct by influencing prices and imposing restrictive conditions

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 ...