Page 17 - Cci

CCI approves acquisition of real estate assets by Nexus Select Trust

Competition Commission of India on Monday approved the acquisition of commercial real estate assets by Nexus Select Trust. Nexus Select Trust is a Sebi-registered real estate investment trust (acquirer REIT) and is backed by global investment firm Blackstone. The proposed transaction involves the direct acquisition of 100 per cent shareholding of 15 entities and indirect acquisition of 100 per cent shareholding of two entities acting through acquirer REIT's manager -- Select Infrastructure Pvt Ltd and Nexus South Mall Management Pvt Ltd, according to an official release. It also cleared the direct acquisition of 50 per cent equity shares of ITIPL from its existing shareholders by the acquirer REIT (acting through its manager), the release said. The entities are primarily engaged in the commercial real estate sector in India.

A question of quorum

Understrength CCI undermines business climate

CCI order after-effect: Device makers may now pay Google for Android OS

Sources party to the negotiations say that it is pretty much a given that most mobile device players will pre-install Google's apps for free owing to their popularity

Top headlines: Adani stcks remain in MSCI indices, TikTok fires India staff

Business Standard brings you the top headlines at this hour

CCI invokes doctrine of necessity to bypass the quorum to clear six deals

The next meeting of the CCI is scheduled for Tuesday. The watchdog may take a call on some of the remaining 14 deals which are awaiting nod

Competition Bill may propose levying penalty on firms' global turnover

The suggestion to allow cartels to opt for the settlement scheme is also likely to be introduced in the Bill

CCI meeting this Thursday to clear 20 merger deals pending approval

Decision on these applications had been delayed due to lack of full strength of CCI quorum

Law ministry allows CCI to clear pending mergers without full quorum

16 applications pending; corporate affairs ministry studying proposal, say sources

Indian cos see Google's changes bringing China-like ecosystem in India: Rpt

The existence of multiple operating systems in China enables the users to have a wide variety to choose from

Govt exploring legal options on pending CCI approval of 16 mergers

Seeks solutions within statutory framework of Competition Act to speed up approvals

Govt rejects panel push for effect-based test in Competition Amendment Bill

Recommendation, made by Jayan Sinha-led Parliamentary Committee in Dec, was cleared by cabinet earlier this week; govt sees difficulty in quantifying impact

Developers pan Google's 'delay tactics' even as it begins heeding CCI order

They say Google has not yet clarified on commissions and fees, and is exploiting loopholes like it did in Europe and South Korea

Google employing 'delaying tactics' and exploiting loopholes, say startups

Indian startups said that the company is using the same "playbook" it employed in Europe and South Korea

Google mobile apps unbundling to start by Friday deadline, say OEMs

But other parts of the order will take more time because of technology and security challenges

Govt extends tenure of Sangeeta Verma as CCI's acting Chairperson

The government has extended the tenure of Sangeeta Verma as the acting Chairperson of the Competition Commission of India (CCI). Verma has been the acting Chairperson of the anti-trust regulator since October last year after Ashok Kumar Gupta demitted office as the full-time Chairperson. According to an official communication issued by the corporate affairs ministry on Tuesday, Verma shall act as the acting Chairperson ""until the date on which new Chairperson is appointed or till any further orders in this regard". She is a member at the regulator.

Indian startups laud Supreme Court's ruling in Google-CCI case

As per CCI's order, Google shall not deny access to its Play Services Application Programming Interfaces to disadvantage OEMs, app developers and its competitors

Google Play Store policies: CCI files caveat before Supreme Court

The NCLAT, on January 11, refused to stay the CCI order and asked Google to "cease and desist" from abusive Playstore practices

Reviewing SC decision, will cooperate with CCI on way forward: Google

The Supreme Court on Thursday declined to entertain a plea by Google challenging a NCLAT order, which refused to stay operation of the CCI order imposing Rs 1337.76 crore fine

Google vs CCI: Indian firms see ray of hope as SC affirms NCLAT order

Indian internet firms have expressed optimism about finding clear space for their apps on Android devices as Google failed to find relief in the SC on an NCLAT and CCI order against the internet giant

Android dominance: Supreme Court turns down Google's plea on CCI penalty

Google has been given an additional week's time to comply with the CCI order, which includes paying 10 per cent of the penalty imposed by CCI