Fair trade regulator Competition Commission of India has cleared Torrent Power's proposal to acquire 100 per cent stake in Nabha Power Ltd. The move came after Torrent Power, in February 2026, said it entered into an agreement with L&T Power Development to acquire 100 per cent equity stakes in Nabha Power for an enterprise value of Rs 6,889 crore. "The proposed combination entails the acquisition of 100 per cent equity shares and non-cumulative optionally convertible redeemable preference shares (on a fully diluted basis) in Nabha Power Ltd by Torrent Power Ltd from L&T Power Development Ltd," the regulator said in a release on Tuesday. Torrent Power is engaged in the business of power generation, transmission, distribution and manufacturing and supply of power transmission cables, and is a part of 'Torrent Group,' which is into power, pharmaceuticals and gas distribution sectors. Nabha Power Ltd is a wholly-owned subsidiary of L&T Power Development Ltd (L&TPDL), and .
Fair trade regulator CCI on Tuesday cleared Advent International's proposal to acquire a 14.3 per cent stake in Aditya Birla Housing Finance Ltd. The development came after the boards of Aditya Birla Capital and Aditya Birla Housing Finance, in February 2026, approved a proposal for a primary capital infusion of Rs 2,750 crore in ABHFL, from Indriya Ltd, one of the entities of Advent International. "The proposed combination envisages acquisition of equity shares (by way of preferential issue on a private placement basis) amounting to 14.286 per cent of the post-issue paid up equity share capital of the Aditya Birla Housing Finance Ltd, on a fully diluted basis by the Indriya Ltd," the regulator said in a release. Aditya Birla Housing Finance Ltd (ABHFL) is engaged in the business of providing home loans, loans against property, construction finance loans, and lease rental discounting loans. It is a wholly-owned subsidiary of Aditya Birla Capital Ltd (ABCL). "CCI approves the ...
Kaur said that the CCI had identified potential anti-competitive conduct, which could be in the form of concentration in the AI value chain
NITI Aayog member Rajiv Gauba said CCI must balance innovation and fair competition in digital markets, while chairperson Ravneet Kaur flagged potential anti competitive conduct
Competition Commission is getting ready to take action against anti-competitive practices that might emerge in the artificial intelligence front, including algorithmic collusion, the regulator's chief Ravneet Kaur said on Monday. She said the watchdog is also looking at anti-trust issues in sports, civil aviation, paints and varnishes, and liquor sectors. The Competition Commission of India (CCI) keeps a tab on unfair business practices in the market place. "... we are getting ready to take action even on any anti-competitive practices which might emerge in the AI front. "So, we've identified potential anti-competitive conduct... which would be concentration in the AI value chain. It could be algorithmic collusion, targeted price discrimination, self-preferencing, or any opaqueness in the AI," Kaur said. Last year, CCI came out with a market study in AI and competition. Speaking at the 11th National Conference on Economics of Competition Law in the national capital, the CCI ...
Rajya Sabha panel on subordinate legislation has begun examining the Competition Commission of India's commitment regulations that allow firms to avoid abuse of dominance investigations
Speaking at BS Manthan, CCI Chairperson Ravneet Kaur said while AI offers significant advantages, it also poses risks such as targeted price discrimination
Global tech giants Meta Platforms Inc. and WhatsApp told the Supreme Court on Monday that they will comply with the NCLAT's directions for extending the Competition Commission of India's (CCI) privacy and consent guidelines to advertising-related data. A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi was hearing appeals filed by the tech giants against the National Company Law Appellate Tribunal's (NCLAT) directions of December last year. The court is also seized of a cross-appeal filed by the CCI, assailing the NCLAT ruling to the extent that it allowed WhatsApp and Meta to continue sharing users' data for advertising purposes. "These applications essentially seek a direction for a stay of the impugned judgment of the NCLAT to the extent it approves the direction issued by the CCI directing Meta to comply with the impugned directions contained in the NCLAT order dated December 15, 2025, containing certain directions issued to Meta," the CJI ...
Competition Commission has imposed a fine of Rs 27.38 crore on Intel Corp for indulging in anti-competitive practices with respect to India-specific warranty policy for its boxed microprocessors. The penalty has been imposed on the company for abusing its dominant position in the market for Boxed Micro Processors (BMPs) for desktops in India. In a statement on Thursday, the Competition Commission of India (CCI) said the India-specific warranty policy was discriminatory in comparison with Intel's warranty policies in China, Australia and rest of the world. The Commission also found the policy to have limited the choice of consumers and parallel importers, and thereby causing an appreciable adverse effect on Indian consumers. Considering the fact that the India-specific warranty policy was in place for eight years, the regulator imposed the penalty translating to 8 per cent of the average relevant turnover of Intel. "However, considering the mitigating factors including the ...
Competition watchdog cites large-scale flight cancellations and market dominance as it directs DG to submit probe report within 90 days
Apple is contesting rules that allow the Competition Commission of India (CCI) to impose penalties retrospectively based on a company's global turnover
The warning came after the Competition Commission of India said Apple delayed filing responses sought by investigators for over a year, despite multiple extensions, according to a Reuters report
Fair trade regulator CCI on Tuesday approved home-grown private equity firm ChrysCapital's proposal to acquire a stake in Nash Industries (I) Pvt Ltd. Mumbai-based ChrysCapital is acquiring stakes through its three affiliates, ChrysCapital Fund X, Two Infinity Partners and Blue Wave Investments Ltd. These entities invest in different sectors. "The proposed combination pertains to the acquisition by ChrysCapital Fund X, Two Infinity Partners and Blue Wave Investments Limited (collectively, the Acquirers), collectively, of certain equity share capital of Nash Industries (I) Private Limited (Target)," the Competition Commission of India (CCI) said in a release. Nash Industries is engaged in the business of box build solutions and metal stamping. The acquirers are private equity investors, belonging to the ChrysCapital Group. "Commission approves acquisition by ChrysCapital Fund X, Two Infinity Partners and Blue wave Investments Limited, collectively, of certain equity share capital in
The CCI probe into the steel industry began in 2021 after builders alleged nine firms colluded to restrict steel supply and hike prices in a criminal case
The Commission found that the quotation of identical prices, timing of submission of financial/commercial bids and similar prior conduct support the conclusion of concerted action
IndiGo had grounded thousands of flights across the country after being unprepared for stricter safety norms, which came into effect in November
The total number of combinations, or mergers, approved or disposed of in FY25 went up to 138 from 101 in the previous year
The Competition Commission of India has ruled that three Maharashtra liquor trade associations engaged in anti-competitive conduct by influencing prices and imposing restrictive conditions
The Delhi High Court has asked the Centre and CCI to explain the rationale behind allowing penalties based on global turnover after Apple argued that the provision is unconstitutional
The Delhi High Court issued notices to the CCI and the Centre to respond to Apple's plea challenging rules that allow penalties on a company's global turnover