Page 7 - Cci

NRAI to move CCI in 10 days, push small restaurants to join ONDC platform

Speaking to Business Standard, NRAI president Sagar Daryani said the association is engaging with its legal team daily and is prepared to explore further legal options if necessary

CCI reviewing feedback on amendments to penalty recovery regulations

"The proposed amendments aim to strengthen the regulatory framework governing the recovery of monetary penalties, enhancing procedural clarity and efficiency," said CCI chairperson Ravneet Kaur

French firm Roquette seeks CCI's clearance for IFF Pharma's biz acquisition

French plant-based ingredient producer Roquette Frres has sought fair trade regulator CCI's approval for the proposed acquisition of the pharma solutions business and certain product lines of International Flavors & Fragrances Inc (IFF). Roquette Frres S.A. is a family-owned French firm active in the production and sale of plant-based ingredients, excipients, and plant proteins for various applications. It has operations in India through several subsidiaries, like Crest Cellulose, Sethness-Roquette India and Roquette India. "The proposed transaction refers to the proposed acquisition by Roquette of the pharma solutions business and certain product lines of the Nourish business (ie, collectively the target business) of IFF by way of Roquette's purchase of equity interest in certain IFF entities that collectively house / are proposed to house the target business," said a notice filed with the CCI on January 16. The target business primarily comprises the operations, and activities ..

CCI reviews feedback on proposed changes to penalty recovery norms

Competition Commission of India (CCI) is reviewing the feedback received on the proposed amendments of norms related to the manner of recovery of monetary penalty. In November 2024, the watchdog had put out for public consultations the draft amendments to the regulations pertaining to the manner of recovery of monetary penalty. CCI Chairperson Ravneet Kaur has said the proposed amendments aim to strengthen the regulatory framework governing the recovery of monetary penalties, enhancing procedural clarity and efficiency. "We are currently reviewing the feedback provided by the stakeholders whereafter the proposed amendments would be gazetted," she said in a message in the regulator's latest quarterly newsletter. According to the chairperson, the regulator has identified areas where these regulations can be improved to better align with contemporary requirements and streamline the recovery process. The proposed changes are aimed at providing greater legal certainty to enterprises an

NCLAT admits Meta, WhatsApp's plea against CCI's Rs 213 cr penalty

After hearing the preliminary submissions from Meta and the CCI on the issue, a two-member bench of the NCLAT, led by Chairperson Justice Ashok Bhushan, said the issue requires consideration

CCI fines Goldman Sachs manager Rs 40 lakh over Biocon deal failure

The Competition Commission has imposed a penalty of Rs 40 lakh on the investment manager of Goldman Sachs AIF for failing to notify the regulator about the more than four-year-old deal that gives the option to buy up to 3.81 per cent stake in Biocon Biologics. The penalty was levied on Goldman Sachs (India) Alternative Investment Management Pvt Ltd (GS AIMPL), the investment manager of Goldman Sachs AIF, for a contravention of Section 6(2) of the Competition Act, which mandates prior approval for certain combinations. Under the deal, Goldman Sachs AIF Scheme-1 (GS AIF) had acquired optionally convertible debentures (OCDs) issued by Biocon Biologics. The regulator has penalised GS AIMPL for failing to notify the transaction to it and rejected the argument that the deal was done in the ordinary course of business. "Any transaction which is made with the intent of remaining invested for a relatively longer period and involves the acquisition of any additional rights (compared to the .

CCI's ruling can force rollback of features, hurt business, warns Meta

The CCI has imposed a fine of $24.5 million and a five-year ban on the data sharing practice in India, the biggest market for Meta where it has more than 350 million Facebook users

CCI approves Ashoka Buildcon's 34% stake buy in Ashoka Concessions

The Competition Commission of India (CCI) on Tuesday approved Ashoka Buildcon's proposal to acquire remaining 34 per cent stake in Ashoka Concessions Ltd. Currently, Ashoka Buildcon Ltd (ABL) owns a 66 per cent holding in Ashoka Concessions Ltd (ACL). After the CCI's approval, ACL will become a wholly-owned subsidiary of Ashoka Buildcon. The proposed combination relates to the acquisition of 34 per cent equity shareholding of Ashoka Concessions by Ashoka Buildcon and certain convertible instruments of ACL by ABL and Viva Highways, CCI said. Viva Highways is a subsidiary of Ashoka Buildcon. "CCI approves the proposed acquisition of 34 per cent equity shareholding of Ashoka Concessions by Ashoka Buildcon and certain convertible instruments of ACL by ABL and Viva Highways (Viva); and 26 per cent shareholding of Jaora Nayagaon Toll Road Company (JN) by Viva," CCI said in a post on X on Tuesday. In October 2024, ABL said it will acquire 100 per cent of the investments of investors in AC

Zomato, Swiggy's use of partner data may draw CCI scrutiny, say experts

The CCI had ordered an investigation by the Director General (DG) into the conduct of the food delivery aggregators, the details of which are yet to be made public

NRAI set to approach CCI over Zomato and Swiggy's 10-minute delivery apps

The NRAI is considering legal action and approaching CCI over Zomato and Swiggy's new 10-minute food delivery apps, citing anti-competitive practices and private labelling concerns

CCI found Pernod pushed retailers to promote brand, document shows

Pernod is contesting a $250 million India tax demand for allegedly undervaluing imports and also faces an investigation into violations of New Delhi city's liquor policy

CCI will focus on leveraging tech for fair competition: Chairperson Kaur

CCI will focus on strengthening enforcement, enhancing collaborations and leveraging technology to ensure fair competition in the country, its chief Ravneet Kaur has said. Competition Commission of India (CCI), which has the mandate to foster fair competition as well as curb anti-competitive practices, has been working on understanding the dynamic interplay between traditional market practices and the rapidly evolving digital economy. "There is an imperative need for a nimble, proactive regulatory approach that adapts to emerging market challenges, particularly in sectors driven by technology and innovation," Kaur told PTI in a recent interview. Various amendments to the Competition Act were made in 2023 leading to introduction of new mechanisms, including settlement, commitment and deal value thresholds. The CCI Chairperson emphasised that the endeavour is to strike a balance between effective oversight and a simplified, market-friendly regulatory regime. "Going forward, our focu

CCI seeks more info on anti-competitive allegations against qcom companies

The Competition Commission, which has received a complaint of anti-competitive practices against quick commerce companies, is waiting for more information on the allegations from the complainant before taking a decision on the matter. The complaint was submitted by the All India Consumer Products Distributors Federation (AICPDF) to the the commerce and industry ministry. Competition Commission of India (CCI) Chairperson Ravneet Kaur said a complaint against quick commerce firms alleging that they indulged in predatory pricing and other anti-competitive practices was forwarded by Department for Promotion of Industry and Internal Trade (DPIIT) to the regulator. "CCI has asked the informant to furnish details and information as per the requirements of the Competition Act. Reminders have also been sent to the informant to furnish the requisite information," Kaur told PTI in a recent interview. The watchdog first assesses a complaint to ascertain whether there are prima-facie violation

CCI conducts market study on renewable energy space across Brics nations

Fair trade watchdog CCI is conducting a market study to understand the competitions issues in the renewable energy space across BRICS nations. The study is being conducted under the BRICS framework by India, Competition Commission of India (CCI) Chairperson Ravneet Kaur said. Currently, the regulator is also doing a market study on Artificial Intelligence (AI) and competition. "CCI has started the process for the study of competition issues in the renewable energy space across the BRICS countries," the chairperson told PTI in an interview. Initially, the grouping comprised Brazil, Russia, India, China, and later South Africa joined it. A few more countries have also joined the bloc. Kaur also said the commission does explore areas for conducting market studies depending upon the market dynamics and enforcement priorities.

CCI to intervene selectively, considering sector-specific dynamics

The annual report noted that the rapid rise of digital markets based on new business models have emerged as challenges for the regulator

CCI approves US-based KKR's proposal to acquire stake in Rebel Foods

The Competition Commission of India (CCI) on Monday approved global investment firm KKR's proposal to acquire a stake in home-grown food-tech company Rebel Foods. US-based KKR (Kohlberg Kravis Roberts & Co), through its affiliate -- Royce Asia Holdings II Pte, is acquiring a stake in Rebel Foods, which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens. "By way of the proposed transaction, Royce proposes to acquire certain equity shares and compulsorily convertible preference shares of Rebel Foods (on a fully diluted basis) by way of a secondary purchase," CCI said. Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Mumbai-based Rebel Foods has 450 kitchens across 10 countries, including India, Indonesia, the UK and the United Arab Emirates. "There are no horizontal overlaps and or vertical/ complementary links between the activities of the parties (Royce Asia Holdings II and Rebel Foods) and their respective groups/ affiliates, in India. "Accordingly, absent ..

SC denies special treatment to CCI, refuses to transfer all probe petitions

"Only because some litigant is to be given special treatment, bypass the rules, we can't place it directly before the division bench," the Supreme Court said

Samsung accuses India watchdog of detaining employees, seizing data

3 Samsung employees were present in the vicinity of the search when the watchdog's officials detained them, seized their phones and copied all the confidential and privileged data, the company said

Ex-ante norms have taken into account India's startup ecosystem: CCI chief

The draft Digital Competition Bill has proposed ex-ante (preventative) regulations requiring digital companies to notify the CCI that they fulfil the criteria to qualify as SSDEs

Samsung challenges CCI search and seizure, seeks to halt anti-trust probe

Tech giant Samsung has challenged the legality of a 2022 CCI search and seizure, claiming the cloning of its employees' phones and data was illegal