Page 6 - Competition Commission Of India Cci

CCI approves amalgamation of Jio Cinema OTT platform with Viacom18 Media

Fair-trade regulator Competition Commission of India (CCI) on Monday approved the proposed merger of Jio Cinema OTT with Viacom18 Media. In a tweet on Monday the CCI said it has approved amalgamation of the Jio Cinema OTT platform with Viacom18 Media, following an investment by BTS Investment and Reliance Projects & Property Management Services. In April, Reliance Industries Ltd (RIL) and Viacom18 announced a strategic partnership with Bodhi Tree Systems, where Bodhi Tree will invest Rs 13,500 crore in Viacom18 while Reliance Projects & Property Management Services, a wholly-owned subsidiary of RIL, will invest Rs 1,645 crore in the broadcaster as part of the tripartite partnership, to form one of the largest TV and digital streaming firms in India. Under the partnership, Reliance's popular Jio Cinema OTT app will be transferred to Viacom18. Bodhi Tree Systems (BTS) is an investment venture firm of James Murdoch's Lupa Systems and ex-chairman of Star and Disney India Uday ...

Provisions in Competition Amendment Bill to reduce caseload on CCI: CUTS

The proposed introduction of a settlement and commitment framework and deal value threshold for M&A notification under the competition law will enhance the ease of doing business, CUTS International said on Tuesday. Advocacy group CUTS welcomed the introduction of a framework for settlement and commitment in the law, improving the leniency framework, introduction of limitation, introduction of deal value threshold for M&A notification, and recognition of hub and spoke cartels etc in the Competition (Amendment) Bill, 2022. "All these are likely to reduce caseload on the Competition Commission of India (CCI) as well as enhance ease of doing business," CUTS said in its comments on the Competition (Amendment) Bill, 2022, submitted to the Parliament Standing Committee on Finance. However, there are certain provisions of the Bill that may need reconsideration, it added. The Competition (Amendment) Bill proposed that the CCI shall not entertain information (or reference) unless it is

Sony-Zee merger can hurt competition, scrutiny needed, says CCI: Report

Zee in a statement said it continues to take all the required legal steps to complete all the necessary approval processes for the proposed merger

Competition (Amendment) Bill: How it is looking to change CCI's functioning

Bill proposes to let individual members of the 6-member board to decide on matters for faster disposal of cases

Will explain to CCI that we are not anti-competition, says Zomato

Competition watchdog to probe Swiggy and Zomato for alleged unfair practices with respect to pricing and listing of restaurants on their platforms

Singapore-based e-commerce platform Shopee shuts India operations

The official reason given by Singapore-based e-commerce platform Shopee, which is controlled by NYSE-listed Sea Ltd, is changing global sentiments

CCI seeks more information, likely delaying PayU's acquisition of Billdesk

The deal will help PayU become an online payment provider globally by total payment volume.

NCLAT to hear Amazon plea challenging CCI order in Future deal on Feb 2

The appellate tribunal has directed the Competition Commission of India and FCPL to file their reply in next 10 days and Amazon to file a rejoinder over it.

Top headlines: Quarantine for flyers from abroad, CCI probe against Google

India climb up the ladder of emerging tech patents, shows data. More in today's top headlines

CCI to complete anti-trust probe into Google Play Store in 60 days

The submission in the court was made on behalf of Additional Solicitor General N. Venkataraman who appeared for the competition watchdog

Delhi HC grants Whatsapp, Facebook time to respond to CCI probe

The Delhi High Court on Monday granted more time to Whatsapp and Facebook to file their response over notices issued to them by the Competition Commission of India (CCI).The Division Bench was hearing the petitions of Whatsapp and Facebook challenging the single bench, which had dismissed their pleas challenging a CCI order for an investigation into the messaging app's new privacy policy.The Bench of Justice DN Patel and Justice Jyoti Singh on Monday noted that the Data Protection Bill yet to be finalised by the respondents adjourned the matter for March 30, 2022.After taking notes of the submission of the appellant the court granted time to Whatsapp and Facebook to file their response over notice issued to them by CCI sought several details from them.The court adjourned the matter for March 30, 2022.It had granted time to Petitioners after Senior Advocate Harish Salve, appearing for Whatsapp LLC, informed the court that the CCI is insisting on a response to notices despite the matter

SC gives two more weeks to CCI to decide complaint on Amazon-Future deal

Three-judge bench gives direction in Amazon's SLP against Delhi High Court order directing CCI to take a decision on show cause notice issued by it to Amazon in 10 days

SC to hear Amazon plea against HC direction to CCI on show cause notice

The Supreme Court agreed to hear a plea by Amazon against Delhi HC's order directing Competition Commission of India to take a decision with respect to show cause notice issued by it to Amazon

Top headlines: Amazon seeks pause on CCI review, India Inc's profit booms

Tighter rules likely for social media firms, may supersede IT laws; Digital tax for US companies to stay until OECD pact comes into force. More on today's top headlines

'Digital drugs databank can reduce information asymmetry in pharma space'

A national digital drugs databank will help in addressing 'information asymmetry' as well as provide key inputs in mapping the regulatory needs of states, according to Competition Commission of India.

India's competition law enough to deal with digital mkt concern: CCI member

The Indian competition law is broad enough to deal with new-age competition concerns in digital markets, member of Competition Commission of India Sangeeta Verma said on Tuesday

Will expose Amazon's misrepresentation before CCI: FRL independent director

We are going to show the true face of Amazon to the whole world, said FRL independent director Ravindra Dhariwal

India's antitrust watchdog CCI must act sans pressure to tame tech giants

As more and more Indian brands and companies strive to go global, the onus is now on the countrys regulators to create a level-playing field for domestic players

CCI nod for Ola investments by Temasek, Warburg Pincus, founder Bhavish

Competition Commission has given its nod for the proposed investments worth USD 500 million in ride-hailing platform Ola by Temasek, Warburg Pincus and Ola founder Bhavish Aggarwal. ANI Technologies Private Limited offers taxi and auto rickshaw aggregation services under the brand name 'Ola'. The Competition Commission of India (CCI) has approved acquisition of shares by MacRitchie Investments (Temasek), Fort Canning Investments, Plum Wood Investment Limited (Plum Wood) and certain voting rights by Bhavish Aggarwal in ANI Technologies, according to two releases issued on Friday. MacRitchie is an investment holding company and is a subsidiary of Temasek Holdings (Private) Limited. Singapore-based Temasek is an investment company. Fort Canning is also an investment holding company. Plum Wood is also an investment holding company and its shareholders are certain private equity funds managed by Warburg Pincus LLC. The latter, headquartered in New York, acts as a manager to certain priv

Competition Commission approves Zomato buying 9.3% stake in Grofers India

The Competition Commission has approved online food delivery platform Zomato's proposed purchase of 9.3 per cent stake in online grocery shopping player Grofers India