Page 23 - Cci

Inter-regulatory coordination to reduce arbitrage opportunity: CCI chairman

'In the case of market purchases where prices are volatile, if one is required to wait for approval from the CCI, the person or entity may lose the opportunity to buy shares at best prices'

CCI clears proposed merger of JSW Ispat, Creixent with JSW Steel

Fair trade regulator Competition Commission of India (CCI) on Thursday approved the proposal to merge Creixent Special Steels and JSW Ispat into JSW Steel. In May, JSW Steel announced the merger deal. JSW Steel and JSW Ispat are into manufacturing and sale of steel products while Creixent Special Steels (CSSL) is in the business of holding investments. In a tweet on Thursday, CCI said it has approved the "amalgamation of Creixent Special Steels and JSW Ispat Special Products with and into JSW Steel". Separately, the watchdog has cleared the proposed acquisition of Varmora Granito Pvt Ltd and other entities by the Carlyle Group entity Katsura Investments. The combination involves Katsura's Investments' acquisition of up to 40 per cent stake in the Varmora Granito Pvt Ltd along with acquisition of certain rights in the company and certain other target entities. The regulator has approved the "acquisition by Katsura Investments in Varmora Granito Pvt Ltd and certain other entities;

JSW Energy unit to buy Mytrah Energy's renewable assets for Rs 10,530 cr

This is the third-biggest acquisition in the renewable energy space in India

Monsoon session: Bill to strengthen antitrust watchdog tabled in Lok Sabha

The CCI has in recent times ordered probes and passed orders over alleged unfair business practices in the growing digital market

How Holcim units, other cement firms fixed prices: Antitrust probe

Cement production is a lucrative business in India's booming economy, with high demand especially from rural housing and infrastructure firms

Over Rs 2,000-cr M&As may come under Competition Commission's purview

Amendments likely in 20-year-old Competition law

Competition (Amendment) Bill: How it is looking to change CCI's functioning

Bill proposes to let individual members of the 6-member board to decide on matters for faster disposal of cases

Amazon moves SC challenging NCLAT ruling on Future group investment

Appellate tribunal upheld CCI order suspending digital commerce platform's investment in Future group in 2019

Dedicated CCI regulatory wing to keep check on apps in the offing

House panel to soon call foreign Big Tech for discussion

UDAN international plan under a cloud as AirAsia India fails to get permit

CBI case prompts the authorities to bar low-cost airline from proceeding on bids it won for regional air connectivity project

CCI approves Google International's buy of 1.28% stake in Bharti Airtel

Google International LLC is a wholly-owned subsidiary of Google LLC

5 years on, work still in progress: The promises, challenges of GST regime

While tax evasion, technical glitches, and litigation continue to plague the indirect tax system, the revenue collections have picked up in recent months

Top headlines: India softens stance at WTO meet, what next after 5G & more

Global tech companies are again bracing for a battle with Indian telecom companies, and this time it is over delicensing of the valuable 6-GHz band (5925-7125 MHz).

House panel seeks spl digital division in CCI to bridge enforcement gaps

Parliamentary Standing Committee on Commerce says antitrust body needs to be strengthened to bridge gaps in enforcement

CCI clears Air India's acquisition of AirAsia India stake, helping merger

At present, the Tata group owns and operates four airlines - Air India, Air India Express, AirAsia India, and Vistara. Air India and Vistara operate on both domestic and international routes

CCI approves proposed acquisition of AirAsia India by Air India

The two combined entities will have a 15.7% share of India's domestic passenger market

NCLAT rejects Amazon plea against CCI order, directs to pay Rs 201 cr

The deal involves a Rs 1,431-crore investment by the US major to purchase a 49 per cent stake in Kishore Biyani-led Future Coupons Pvt Ltd (FCPL) in 2019

Cloudtail says CCI detained its employees illegally during raid

An initial hearing on Cloudtail's filing at the Delhi High Court on June 3 did not mention the detentions, and the contents of the filing have not been posted publicly

CCI penalises 7 entities for bid-rigging in Indian Railways tenders

Besides slapping penalties on certain entities, the watchdog has directed them to cease and desist from anti-competitive practices.

CCI approves deal for selling stakes in Magma General Insurance Company

Fair trade regulator CCI has cleared the proposed acquisition of majority stake in Magma HDI General Insurance Company Ltd by Sanoti Properties LLP. Sanoti is into the business of development of commercial and residential real estate projects. As per a notice filed with the Competition Commission of India (CCI), the proposed combination is being undertaken in order to ensure compliance with the mandatory regulations of the Insurance Regulatory and Development Authority of India (IRDAI). CCI has approved "acquisition of 55.39 per cent of the total equity share capital of Magma HDI General Insurance Company Limited by Sanoti Properties LLP," according to a tweet on Wednesday. Under the deal, Sanoti would acquire shares constituting 55.39 per cent of the total equity share capital of Magma HDI. It would also involve buying shares of Magma HDI held by certain shareholders -- Poonawalla Fincorp Ltd and Serum Institute of India Pvt Ltd. Transactions beyond certain thresholds require the