Page 18 - Competition Commission Of India

Centre to come up with light-touch regulations for big tech firms: Report

This comes in the backdrop of signs that tech firms may slow down investment in India after the Competition Commission of India's (CCI's) penalty on Google

M&G gets CCI nod for subscription of Trustroot Internet bond, warrants

The Competition Commission of India (CCI) on Monday said the proposed deal of M&G Group subscribing to convertible bonds and warrants issued by Trustroot Internet Pvt Ltd has been cleared under the green channel route. Under the green route, a deal which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on it being intimated to the competition watchdog. In a release, the fair-trade regulator said it has approved the proposed deal. M&G Catalyst Capital Fund, Asia Pacific Fund and Prudential Assurance Company are collectively referred to as acquirers. The combination involves acquirers collectively proposing to subscribe to additional optionally convertible bonds and warrants issued by the Trustroot Internet which convertible into the share capital of the company as per the terms and conditions set out in the subscription agreement in October 2022. Upon conversion of warrants, the acquirers will hold less than 5 per cent stake in ...

FHRAI writes to Sebi to stop OYO from launching IPO after CCI penalty

Federation of Hotel & Restaurant Associations of India on Tuesday said it has written to Sebi to stop OYO from launching its IPO in the wake of a penalty imposed by the Competition Commission of India on the hospitality and travel-tech firm for unfair business practices. OYO, however, said the Federation of Hotel & Restaurant Associations of India (FHRAI) is misrepresenting the CCI order and the letter to Securities and Exchange Board of India (Sebi) is to distract attention from the executive committee meeting of FHRAI being held as null and void by the NCLT, which has also ordered a court-monitored AGM of the hospitality industry body. In October this year, the Competition Commission of India (CCI) slapped penalties totalling more than Rs 392 crore on online travel firms MakeMyTrip, Goibibo, and hospitality services provider OYO for indulging in unfair business practices. "Now that OYO has been found guilty of indulging in anti-competitive and unfair business practices ...

CCI needs an update to ensure fair play in digital economy, say experts

New Bill, better training will help anti-trust regulator perform better, they add

Google may face a third CCI fine in less than a month. Now for Android TV

Google has already been fined in previous two cases for "abusing its market dominant position" in connection with the Android mobile device ecosystem

AirAsia exits AirAsia India, sells 16.33% stake to Air India for Rs 156 cr

Malaysian carrier's India foray ends after eight years; Tatas are working to merge AirAsia India with low-cost service Air India Express

CCI puts AGI Greenpac's acquisition of HNG on hold, seeks more details

On the CCI website, the notice filed by AGI Greenpac on September 27 regarding the acquisition, has been marked as 'Notice Not Valid'

JSW Energy likely to close Rs 10,530-cr Mytrah acquisition by December-end

The deal, announced in August, is JSW Energy's largest till date; will take the firm's operational generation capacity to 6.5 Gw from 4.8 Gw now, and accelerate its plans to achieve 10 Gw by FY25

Google plans legal challenge to block CCI's Android order: Report

The CCI-Android ruling, despite involving a smaller $162 million (Rs 1,334 crore) fine, has worried Google since it seeks wider ranging remedial measures

The competition conundrum: A third of posts lie vacant in CCI, shows data

However, data shows that its record in collections has been dismal

Best of BS Opinion: Protecting competition, the overvalued rupee, and more

Here is the best of Business Standard's opinion pieces for today

Protecting competition

The Competition Commission of India's action will open up the Android space

Centre plans to provide legal power to CCI ahead of merger with NAA

The proposed amendments will require the GST Council's approval

Indian developers benefit from Android, Play: Google on CCI penalty

Tech giant was yesterday ordered to pay Rs 937 cr as penalty for abusing dominant position of its app store

Zee, Sony agree to sell three Hindi channels to address CCI concerns

Big Magic, Zee Action and Zee Classic are all part of Zee network; the merging firms have a combined viewership share of 36% in Hindi general entertainment, and 33% in Hindi movies

Apps and payments: What is the controversy about Google Play Billing System

Tech giant defends itself as Competition Commission fines it Rs 936.44 crore for unfair business practices

Zee-Sony merger: Media groups agree to sell three Hindi channels

On October 4, CCI said it has cleared the proposed Zee-Sony merger deal, which was announced in September last year

Govt appoints Sangeeta Verma as acting chairperson of CCI for 3 months

The government on Tuesday appointed Sangeeta Verma as the acting chairperson of the Competition Commission of India (CCI). The appointment follows full-time Chairperson Ashok Kumar Gupta demitting office on Tuesday. Verma is currently a member at the regulator. Her appointment will be effective from Wednesday for a "period of three months or till appointment of regular Chairperson or till any further orders, whichever is the earliest," according to an official order. Gupta had taken over as the CCI chairperson in November 2018.

Remain committed to users, developers; evaluating next steps: Google India

Slapped with a second hefty fine for anti-competitive practices, Google India on Wednesday said it remains committed to users and developers and is reviewing the antitrust body's order to evaluate next steps. The Competition Commission of India (CCI) on Tuesday slapped a Rs 936 crore fine on Google for "abusing" its dominant position on its Android mobile app store and ordered it not to prevent app developers from using third-party billing or payment processing services in India. That penalty came just days after a Rs 1,337.76 crore fine was imposed on it for abusing the dominant position of its Android smartphone operating system. Commenting on Tuesday's CCI order, a Google India spokesperson said Indian app developers have benefited from the technology, security, consumer protection, choice and flexibility that Android and Google Play provide. "And, by keeping costs low, our model has powered India's digital transformation and expanded access for hundreds of millions of Indians,"

Reviewing CCI's decision to evaluate next steps, committed to users: Google

Hit hard by 2 back-to-back fines by Competition Commission of India, Google on Wednesday said that it is committed to its users and developers and reviewing the decision to evaluate the next steps