Page 24 - Cci

CCI rejects petition against Shopee; CAIT likely to move NCLAT next

Shopee, launched at the end of last year, also took the e-commerce market by storm by becoming the second most downloaded app after Meesho

Need market-specific approach to implement complex laws, says CCI

Emphasising that market structure and shares do not provide a complete picture of competition, especially in new-age markets, CCI chief Ashok Kumar Gupta on Friday said application of complex economic legislations can be effective only when it is "nuanced and appropriately accounts for market specificity". Acknowledging that at times, there can be a tension between a rule-based approach that ensures legal certainty and a case-by-case approach that factors in economic principles, Gupta said competition authorities have a vital role to play in ensuring optimal regulation that protects consumers while allowing competition to flourish. Competition Commission of India (CCI) has been making various efforts to boost competition in the marketplace and is closely looking at developments in the digital market, among other areas. "Market structure and market shares do not provide a complete picture of competition given the inherently dynamic nature of markets, especially in new-age markets, it

CCI cannot question pleadings of a party before a court: Amazon tells NCLAT

The US e-commerce giant made this argument related to CCI's show-cause notice issued to it in June last year

Sona Company gets CCI nod for stake buy in Sajjan India New

The Competition Commission on Friday approved acquisition of certain stake in Sajjan India Ltd by Sona Company. The proposed transaction relates to investment in Sajjan India by way of acquisition of equity shares, according to a combination notice filed with the regulator. Sajjan India is engaged in manufacture of chemical compounds, manufacture and trade of specialty chemicals, manufacture and trade of chemical compounds used in dyes and pigments and that of chemical reagents, among others. Sona Company Pte Ltd is an investment company incorporated under laws of Singapore. "Commission approves acquisition of equity share capital of Sajjan India Limited by Sona Company (a portfolio company under CVC Partners)," a tweet by the regulator stated.

CCI penalises 7 entities for bid-rigging in tender related to SBI signage

Besides imposing fines totalling over Rs 1.29 crore on the 7 entiites and 9 officials, they have also been directed to cease and desist from indulging in anti-competitive practices

CCI approves acquisition of equity in Escorts by Kubota Corporation

The transaction involves Kubota's acquisition of certain additional equity shares of Escorts by way of preferential allotment

Traders' body CAIT moves CCI against Amazon deal with More Retail

Traders' body CAIT on Monday filed a complaint with the Competition Commission of India against Amazon accusing the e-commerce major of committing a fraud while seeking approval for the takeover of More Retail's stores in India. The Confederation of All India Traders (CAIT) claimed that in case of acquiring More Retail, Amazon committed the same fraud, misrepresentation of facts, misleading the CCI in the matter too as was done in takeover of Future Retail. "It amply exposes the sinister designs of Amazon to control Indian retail companies in a fraudulent manner to capture the physical retail trade and inventory-based e-commerce in India causing enormous harm to the traders," the traders' body alleged. CAIT said that Amazon has taken over More Retail through Samara Alternate Investment Fund (Samara AIF) that owns 51 per cent equity in Witzig Advisory LLP that in-turns owns More Retail Limited. It further stated that Amazon has obtained approval from CCI for the takeover of More Ret

CCI approves deal involving three GlaxoSmithKline group entities

The proposed deal involves the transfer of GlaxoSmithKline Asia Pvt Ltd's products and GSK Consumer Brands (indirectly) to GSK CH HoldCo

Amazon pulls CCI to NCLAT challenging suspension of 2019 Future deal

The US e-commerce giant's legal team is expected to make the argument that there was no misrepresentation of facts and all the information had been clearly mentioned.

CCI orders probe against Google for alleged abuse of dominant position

The order came on a complaint filed by the Digital News Publishers Association, which is a private company that promotes and secures interest of digital news publishers

CCI to complete its investigation into Google Play Store probe in 60 days

Google had filed a writ in Karnataka HC on Dec 27 seeking time to respond to CCI queries on the use of Google's Play Store payment system for in-app purchases and paid apps

CCI orders probe against IREL for abuse of dominant position

Competition Commission has ordered a detailed probe against state-owned IREL (India) Ltd, which is into mining and production of minerals, for alleged abuse of dominant position.

CCI orders investigation into Apple's business practices in India

The complainant argued that Apple's imposition of a 30% in-app fee for distribution of paid digital content and other restrictions hurts competition by raising costs for app developers and customers

CCI approves 96.42 per cent equity acquisition in Jindal Power by Worldone

The Competition Commission of India (CCI) said on Thursday it has approved the acquisition of 96.42 per cent equity shareholding in Jindal Power Limited by Worldone Private Limited.

CCI approves acquisition of shareholding in Air India by Tata Group

In October, Talace Pvt Ltd emerged as the winning bidder for Air India with a bid worth Rs 18,000 cr

CCI suspends Amazon deal with Future, fines US giant Rs 200 crore

Says Amazon made false and incorrect statements while seeking approvals

United Breweries challenges Rs 752 crore CCI penalty before NCLAT

Beer maker United Breweries Ltd (UBL) has approached the appellate tribunal NCLAT against Rs 751.8 crore penalty imposed on the company by the fair trade regulator CCI.

CCI closes case against Intel; finds no evidence of unfair biz practices

The complaint was filed by Velankani Electronics Pvt Ltd, which is engaged in designing and manufacturing electronic products in India

SC grants two weeks to Amazon to put its case before CCI in Future dispute

An SC bench said it would not go into merits of the case and would rather like to give some more time, over and above the time granted by Delhi HC, to the US firm to put forth its case before the CCI

Amazon asks CCI to revoke $3.4-billion Future-RIL deal approval

The e-commerce firm has said the CCI Approval for the Impugned Transaction was "illegally obtained" and is a nullity in the eyes of law