Page 30 - Cci

Hearing into Amazon's petition against CCI probe to continue on third day

The CCI had ordered an investigation against e-commerce companies including Amazon and Flipkart

Amazon challenges India antitrust probe, cites 'irreparable' loss

Last month the CCI ordered an investigation of Amazon and rival Flipkart, owned by Walmart , over alleged violations of competition law and certain discounting practices

Is e-commerce really hurting competition?

As allegations of anti-competitive practices like vertical restraints by e-commerce firms become more frequent, the CCI's "light touch" decision-making approach for the sector is likely to change

Blowing the whistle: What the CCI's changed stance means for e-tailers

The Commission's latest study on the e-commerce market is almost a precursor to the Amazon-Flipkart probe order and it also sheds light on the Commission's new thought process

A lesson to learn: Economic problems can have counter-intuitive solutions

From drug price ceiling to additional duties on steel imports and export ban to counter onion shortage - govt response to several problems shows the lessons may not have been learnt, writes T N Ninan

Probe ordered against Asian Paints for denying market access to JSW Paints

The order came after JSW Paints filed a complaint alleging that Asian Paints threatened various dealers in Karnataka, Telangana and Tamil Nadu from dealing with JSW Paints

E-commerce firms shouldn't offer steep discounts: CCI ahead of Bezos' visit

Shopkeepers accuse the two U.S. giants of indulging in heavy discounts and giving preferential treatment to select sellers.

CCI flags concern over e-commerce deep discounts, bats for self-regulation

The CCI flagged concerns around deep discounting on goods and services offered by large online retailers, particularly in the case of mobile phones and electrical appliances

Solo in 2020

Air India's prospects of finding a good match look bleak

CCI approves stake buy in SBI General Insurance by Napean, Honey Wheat

The country's largest lender and Insurance Australia Group (IAG) held 70 per cent and 26 per cent, respectively, in SBI General Insurance

Nippon Express gets CCI nod to acquire 22% stake in Future Supply

This is the second time in two weeks that the CCI has given its nod to a foreign investment in a Future group company.

CCI approves subscription of Piramal debentures by Canadian investor

The preferential allotment will take place by November this year and the rights issue is expected to be completed by February 2020

CCI okays Nippon Express' 22% stake buy in Future Group's logistics arm

The Competition Commission on Tuesday said it has approved Nippon Express' acquisition of 22 per cent stake in Future Group's logistics arm Future Supply Chain Solutions Ltd. Future Supply Chain Solutions in September said that Japan-based Nippon Express Co will acquire 22 per cent stake through a combination of primary issuance and secondary purchase from an existing investor. The Competition Commission of India (CCI) in a tweet said it "approves acquisition by Nippon Express (South Asia & Oceania) Pte. Ltd. of approximately 22% of the total issued and paid up share capital of the Future Supply Chain Solutions Limited." As part of this transaction, Future Supply Chain Solutions Ltd (FSC) will issue 37,89,350 shares to Nippon Express at a price of Rs 664 per share (22 per cent premium to the current market price). "Through this primary issue Nippon Express will hold 8.6 per cent stake on a fully diluted basis and FSC will raise around Rs 252 crore for funding its near-term growth .

CCI mulls issuing soft self-regulation advisory to e-commerce companies

The aspects might include transparency over ranking, data, and review and rating mechanisms

Food delivery battle: Zomato denies any merger talks with rival Swiggy

The Zomato spokesperson further said that the latest "speculation is absolutely untrue". Swiggy, however, refused to comment on the report.

Competition Commission accepts Laptev's acquisition of Welspun Corp arm

The Competition Commission of India (CCI) on Monday said that it has approved the acquisition of Welspun Corp's 'Plates & Coiled Mill Division' by Laptev Finance Pvt Ltd.

Amazon's Future Retail deal under CCI scanner, could be delayed: Report

The CCI sought justification from Amazon on why it chose to file a Form I, the source added, which could potentially delay approval of the deal

CCI approves Abu Dhabi Future Energy's equity stake purchase in Hero Future

Hero Future Energies India is primarily engaged in the implementation of power projects and generation of power

CCI approves Hyundai and Kia's acquisition of shareholding in Ola

In March this year, Hyundai and Kia had said they would invest $300 million in Bengaluru-based Ola

Tata consortium to tweak investment in GMR airports, reduce stake by 5%

The Tata Group's effective shareholding will now be 15 per cent in GMR Airports, translating into a shareholding of approximately 10 per cent in DIAL, said sources in the know