Page 13 - Competition Commission Of India

Nations must share experience in keeping digital markets free: CCI chief

Evolving markets and technology create fresh challenges in competition law and policy, says Ravneet Kaur

CCI clears acquisition of Hitachi Astemo by HMCL, Japan Investment Corp

Fair trade regulator Competition Commission of India (CCI) on Tuesday said it has cleared the acquisition of certain shareholding in Hitachi Astemo Ltd (HAL) by Japan Investment Corporation and Honda Motor Co Ltd (HMCL). The proposed deal relates to the acquisition of 20 per cent voting rights in HAL by JICC, an affiliate of Japan Investment Corporation, together with certain control rights, board representation and other rights, according to an official release. JICC-01 Ltd Partnership is managed by JICC G.K, an affiliate of the Japanese government's sovereign wealth fund Japan Investment Corporation (JIC). Also, the regulator approved the acquisition of an additional 6.6 per cent of voting rights in HAL by HMCL, such that 40 per cent of the voting rights in HAL are held by HMCL. In addition, CCI also gave its nod to the acquisition of a 49 per cent stake in Hitachi Astemo Electric Motor Systems (HAEMS) by HAL, such that 100 per cent of the shareholding of HAEMS is held by ...

CCI's Leniency Plus norms soon to push companies to report cartels

The CCI is also planning to launch a study into the Artificial Intelligence market to check if there are possibilities of anti-competitive practices and how they can be addressed

India to host Brics international competition conference in Delhi this week

India will host the eighth BRICS International Competition Conference in the national capital this week and more than 600 delegates are expected to participate in the event. Briefing reporters here, Competition Commission of India (CCI) Chairperson Ravneet Kaur on Tuesday said the conference will have three plenary and four breakout sessions. The primary objective of the conference is to foster cooperation and share the learnings. More than 600 delegates are expected to participate in the conference, Kaur said. She also said the competition landscape has evolved with the digital economy and big tech companies.

The times they are a-changing for Competition Commission of India

Fair market regulator is getting more powers as its new leadership settles in at work

Competition Commission of India appoints three new members: Reports

The new members appointed are Anil Agrawal, a former police official who recently worked at India's commerce ministry and worked on various startup initiatives

25% pre-privatisation court cases by customers amicably resolved: Air India

Some cases dated back more than 15 years, says CEO Campbell Wilson in message to employees

Draft merger rules: Mega global deals likely to come within CCI ambit

The CCI has invited stakeholders to submit written comments on the draft Combinations Regulations until 25 September

CCI clears Air India-Vistara merger subject to certain conditions

Competition Commission on Friday approved the proposed merger of Air India and Vistara subject to certain conditions. The development is a major step forward for Tata Group in consolidating its aviation business. In a post on platform X, the Competition Commission of India (CCI) on Friday said it has approved the merger. "CCI approves the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties," it said.

Competition Comm issues draft regulations for settlement provisions

Fair trade regulator CCI on Wednesday issued the draft regulations for commitment and settlement provisions under the competition law. The provisions, introduced in the Competition Act through the amendments made earlier this year, are aimed at ensuring quicker market correction, according to the Competition Commission of India (CCI). Stakeholders can submit their comments on the draft regulations from August 24 to September 13, according to communications issued by the regulator. A commitment application should be filed within 45 days from the receipt of CCI order on investigation. In the case of a settlement application, the same has to be filed within 45 days f receiving the Director General's report. For both, commitment and settlement applications, the 45-day period could be extended if CCI is satisfied that there is a sufficient cause for extension. "The settlement amount may extend up to the maximum amount of penalty that would have otherwise been leviable under section 27

CCI clears Tata Motors off charges of anti-competitive practices in 2 cases

In the 2020 case, TML dealer Kanchan Motors of Nashik made similar allegations that TML coerced dealers in various ways

NCLAT dismisses all challenges to AGI Greenpac's acquisition of HNG

In March 2023, the Competition Commission of India had granted approval to AGI Greenpac's takeover of HNG

Competition Comm clears Ipca Laboratories-Unichem Laboraties deal

Competition Commission on Thursday said it has approved Ipca Laboratories' proposed 59.38 per cent stake purchase in Unichem Laboratories. The proposed deal involves the company buying 33.38 per cent shareholding in Unichem Laboratories pursuant to a share purchase agreement. Further, Ipca Laboratories has to make an open offer to buy an additional 26 per cent stake in listed Unichem Laboratories under Sebi norms. In a release, the Competition Commission of India (CCI) said the Ipca Laboratories will acquire up to 59.38 per cent stake in the target company. The deal has been cleared by the regulator, as per the release. Deals beyond a certain threshold require the approval of CCI, which keeps a tab on unfair business practices in the marketplace.

Removing legal ambiguity on 'hub-and-spoke' provisions empowers CCI

By extending jurisdiction beyond direct participants, legal reform strengthens competition enforcement

CCI backed Amazon in Android probe: Google's latest appeal to Supreme Court

Moves SC, alleging the tribunal ignored relevant evidence

Google accuses CCI of ordering changes to its biz model to protect Amazon

In an earlier December filing in a lower tribunal, Google said CCI officers had "copypasted" parts of a European ruling against the U.S. firm in a similar case. CCI denied the accusation

Companies move Madras HC seeking relief against Google's payment policy

The companies join the likes of Bharat Matrimony and Shaadi.com, which have already approached the high court challenging Google's billing policies

Air India, Vistara merger under lens as CCI looks for impact on competition

People in the know said that while CCI's scrutiny is unlikely to have any material impact on the business of the airlines, it could affect the timeline of the merger

Competition Commission of India approves Concentrix-Marnix Lux deal

Anti-trust regulator Competition Commission of India (CCI) on Tuesday said it has cleared the proposed deal involving Concentrix Corporation and Marnix Lux. Concentrix Corporation is a US-based firm engaged in providing customer experience services. The proposed combination envisages indirect acquisition of Marnix Lux SA (Marnix Lux) by Concentrix Corporation and acquisition of around 22 per cent shareholding in the combined entity by Marnix Lux shareholders, according to an official release. Marnix Lux is the parent company of Webhelp S.A.S. (Webhelp). Webhelp is active in the business process outsourcing services and specialised services segment. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.

CCI approves acquisition of Marnix Lux SA by Concentrix Corporation

The proposed combination envisages indirect acquisition of Marnix Lux SA (Marnix Lux) by Concentrix Corporation