Page 2 - Competition Commission Of India

CCI raids steel makers Jindal Saw, Maharashtra Seamless in antitrust case

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

CCI seeks Apple's response to final probe report on App Store dominance

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

CCI dismisses complaint against Emaar India over Marbella villa project

Fair trade regulator CCI has dismissed a complaint alleging abuse of dominance and anti-competitive practices by Emaar India Ltd and others in connection with its "Marbella" villa project in Gurugram. "The Commission finds that no prima facie case of contravention of the provisions of Sections 3 and 4 of the Act is made out against the opposite parties in the instant matter," according to an order passed by the Competition Commission of India (CCI). Section 3 and 4 pertain to anti-competitive agreements and abuse of dominant position, respectively. The case was based on a complaint filed by an informant who alleged that Emaar India Ltd, its group firm Emaar India Community Management, and several government departments including the Department of Town and Country Planning, Haryana, and the Union of India through DPIIT have violated the Sections 3 and 4 of the Competition Act. The complainant alleged that Emaar misused its dominant position by permitting construction of builder floo

India's double-certification trap: How QCOs are hurting fair trade

This makes compliance costly, reduces the number of suppliers, and risks creating a system even worse than the old licensing raj

Wilmar seeks CCI nod for 20% stake buy in AWL Agri Business for ₹7,150 cr

In the notice filed with CCI, Lence Pte has proposed to acquire a maximum of 20 per cent and a minimum of 11 per cent of the paid-up equity share capital of AWL Agri Business

CCI approves Adani Enterprises' plan to acquire Jaiprakash Associates

CCI approved Adani Enterprises' plan to acquire JAL under the insolvency process, even as rival bids from Dalmia, Vedanta, Jindal and PNC Infratech remain under review

Parliamentary panel backs ex-ante regulation for Digital Competition Bill

But parliamentary committee calls for nuanced approach

MCA to conduct a study on ex-ante regulations for digital markets

Ministry to invite proposals for a market study on ex ante digital regulations amid stakeholder concerns and inter-ministerial review

CCI widens antitrust probe against Google in online adtech segment

CCI orders a consolidated investigation into Google's online advertising practices, based on a 2024 complaint from ADIF and links it with existing antitrust cases

CCI orders another investigation into Google over AdTech dominance charges

Fair trade regulator CCI has ordered a detailed investigation into Google's conduct in the online display advertising market on a complaint filed by the Alliance of Digital India Foundation (ADIF). In an order passed by CCI on Friday, the regulator said it has decided to club the complaint with ongoing investigations in similar cases and directed the Director General (DG) to carry out a consolidated probe into Google's conduct in the AdTech ecosystem. "The DG is directed to investigate the various alleged practices of Google in Online Display Advertising services and/ or AdTech intermediation services and submit a consolidated investigation report in the matters, accordingly," it added. The order comes in response to a detailed complaint filed by ADIF alleging that Google has engaged in anti-competitive practices across various layers of its advertising technology stack. In its complaint, ADIF alleged that Google, through its multiple group entities, has engaged in anti-competitive

Renault Group gets CCI nod to acquire remaining 51% stake in Indian JV

Fair trade regulator CCI on Monday approved French auto major Renault group's proposal to buy out its Japanese partner Nissan's remaining 51 per cent stake in their Indian manufacturing joint venture -- Renault Nissan Automotive India Pvt Ltd. Renault Group B V and its nominee Renault SAS are acquiring the entire shareholding of the Nissan entities in Renault Nissan Automotive India Pvt Ltd (RNAIPL). "The proposed combination involves the acquisition of equity shares and fully paid-up zero coupon non-convertible redeemable preference shares held by Nissan Motor Company Ltd," the Competition Commission of India (CCI) said in a release. Japan (Nissan) and Nissan Overseas Investments B V (Nissan Overseas) are collectively divesting their stakes in the joint venture. Renault Group B V is engaged in the designing and manufacturing of passenger cars and light commercial vehicles worldwide and Renault SAS is engaged in the construction, maintenance and manufacturing of parts and ...

Asian Paints seeks to quash antitrust probe, says probe order mishandled

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

Govt considers market study to frame Big Tech competition regulations

The government may undertake a market study to establish a solid foundation for ex-ante regulations under draft Digital Competition Bill, said Harsh Malhotra, Minister of State for Corporate Affairs

CCI revises probe order against Asian Paints, removes previous findings

The Competition Commission of India revises its probe order against Asian Paints, removing references to previous findings of dominance, amid a complaint by Grasim Industries

CCI imposes ₹4 lakh fine on Carlyle, Bequest for flouting competition norms

The Competition Commission of India (CCI) has imposed a total fine of Rs 4 lakh on Carlyle and Bequest for erroneously using the green channel route to acquire stakes in engineering services firm Quest Global Services. The competition watchdog found that Carlyle and Bequest's "combination did not meet the criteria of Green Channel prescribed under schedule III of the combination regulations," the CCI said in an order passed on June 26. In October 2023, the CCI said it received a notice jointly submitted by Carlyle's affiliate CA Plume Investments and Bequest Inc under the green channel route for the acquisition of up to 23.6 per cent equity stake in Quest Global Services and 9.17 per cent holding by Bequest with share buyback component. Bequest is a holding entity of Quest Global Services' co-founder and CEO, Ajit Aravind Prabhu. The green channel criteria are a fast-track approval route intended for combinations with no horizontal, vertical or complementary overlaps. In the notic

Reviewing CCI order, will take appropriate legal recourse: Asian Paints

Asian Paints is reviewing the order passed by fair trade regulator CCI directing a probe against the country's leading paint maker for alleged abuse of its dominant position in the market and said it plans to take appropriate legal recourse. Asian Paints said it will cooperate with the Competition Commission of India (CCI) in the investigation over allegations of exclusionary practices. "The company is currently reviewing the order and will take appropriate legal recourse. The company remains committed to fully cooperating with the CCI during the course of the investigation," Asian Paint said in a late night regulatory filing on Thursday. Earlier this week, CCI ordered an investigation against Asian Paints for allegedly abusing its dominant position in the market for manufacturing and sales of decorative paint over the complaints filed by Aditya Birla group firm Grasim Industries. Grasim, a new entrant in the domestic paint industry with brand Birla Opus, had accused Asian Paints o

Coromandel International share price is buzzing in trade today; here's why

Coromandel International's share price rose after the Competition Commission of India (CCI) approved its proposal to acquire a majority stake in NACL Industries.

Asian Paints shrug off CCI probe; hits 2-month high, rallies 5% in 3 days

Since June 11, the stock price of Asian Paints has appreciated by 12% after Reliance, through its subsidiary Siddhant Commercials, sold 35 million equity shares to SBI Mutual Fund.

CCI orders probe into Asian Paints over alleged abuse of dominance

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

CCI approves Coromandel's acquisition of stake in NACL Industries

Fair trade regulator CCI on Tuesday cleared Murugappa Group firm Coromandel International's proposal to acquire a stake in NACL Industries. NACL, a listed entity, operates in the agro-chemical sector. It offers crop protection products and active ingredients. "The proposed combination comprises acquisition of certain equity shares in NACL Industries Ltd (NACL) by Coromandel International Ltd (CIL)," the Competition Commission of India (CCI) said in a release. CIL is a leading agri solutions provider. It operates in two major segments, nutrient and other allied businesses and crop protection. "CCI approves acquisition of certain equity shares in NACL Industries Limited by Coromandel International Ltd," the regulator said in a post on X. In March this year, Coromandel International announced the acquisition of a majority -- 53 per cent -- stake in NACL Industries Ltd for Rs 820 crore. The company also said that it proposes to make an open offer to the public to acquire up to 26 per