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
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
Madison was among numerous ad agencies and a group of broadcasters raided by CCI on suspicion of collusion over advertising rates and discounts, in strictest regulatory action on the sector to date
The case was triggered by a complaint from state-run Oil and Natural Gas Corporation in 2023, related to bidding of certain tenders by the steel pipe companies
The antitrust regulator has also asked Apple to submit global and India financials for 2022-24 as part of its investigation into alleged abuse of dominance
Bidders have revised plans for Jaiprakash Associates after lender talks, but key legal hurdles remain as CoC weighs whether to renegotiate or hold a challenge round
Asian Paints told a Mumbai court that the CCI's July 1 order wrongly alleged its CEO warned raw material suppliers against dealing with Birla, threatening reduced business with the company
Google approached the Supreme Court on July 21
CCI finds prima facie evidence of anti-competitive conduct by Asian Paints after Grasim alleges dealer coercion, denial of market access and other unfair practices
Antitrust regulator found tech giant had dominant position in the market
Committee also seeks status of the proposed digital competition law
Kaur will serve as NFRA chairperson till the appointment of a regular incumbent or until further orders whichever is earliest, according to the Appointments Committee of the Cabinet
Minister of State for Corporate Affairs said while strict interventions were required to enforce the law, self-regulation and compliance should also be promoted
Artificial intelligence is a driving force in modern markets that also has the potential to enable collusion, including algorithmic discrimination under the garb of dynamic pricing, CCI chief Ravneet Kaur said on Sunday. She also emphasised the need to adopt a forward-looking approach as well as trust-based regulations. Delivering the special address at the 10th National Conference on Economics of Competition Law in the national capital, Kaur said Artificial Intelligence (AI) is a driving force in modern markets. AI shapes pricing strategies, decision-making, and operational efficiencies across industries but also presents risks, she noted. According to the Competition Commission of India (CCI) Chairperson, AI can enable new forms of collusion such as "cartels without human communication, price coordination without explicit agreements, and algorithmic discrimination under the garb of dynamic pricing". The fair trade regulator is already conducting a study on AI and competition. S
The antitrust watchdog has said that the draft rules are meant to strengthen the regulatory framework governing vigilance administration in the Commission
The Competition Commission of India (CCI) has rejected a complaint filed against Microsoft with respect to bundling of anti-virus software with its Windows operating system. It was alleged that bundling of the anti-virus software was violating fair competition norms. Starting with Windows 10 Operating System (OS) edition, the anti-virus software Microsoft Defender is bundled with it. In a 17-page order dated March 3, the CCI said there was no prima-facie case of contravention and closed the matter. To assess the complaint, the regulator considered two relevant markets -- the market for computer security (antivirus) software for Windows OS in India and the market for desktop/laptop security (antivirus) software for Windows OS in India. Citing Microsoft's submissions, the CCI observed that there is no compulsion on users to exclusively use Microsoft Defender as their antivirus solution. Also, it noted that OEMs (Original Equipment Manufacturers) are permitted to pre-install alterna
Big stakeholders crowding the market, not allowing the startups to come up, says Par panel chairman
FMCG distributors and retailers will launch a nationwide campaign from January 20 to March 31 in over 500 districts and 700 talukas
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