Page 23 - Competition Commission Of India

CCI to probe Zomato, Swiggy for alleged unfair business practices

CCI said allegations such as delayed payment cycle, imposition of one-sided clauses and exorbitant commission require investigation

CCI approves deal involving stake purchase in Hero FinCorp

The acquirer is owned by investment funds managed by affiliates of Apollo Management, L.P. Apollo Management, L.P., its affiliates, and investment funds managed by its affiliates

Fully cooperating with ongoing CCI investigation, says Apollo Tyres

CCI officials visited the offices of Apollo Tyres on Wednesday.

CCI conducts raids on offices of Apollo Tyres, Ceat, Continental

One of the sources said the case was related to an antitrust investigation into the use of unfair trade practices and rigging of bids while supplying tyres for public transport vehicles in Haryana

Competition Commission officials visit Ceat office for 'routine enquiry'

The spokesperson further said, "We categorically deny any wrongdoing in our conduct of business"

Tyre companies Ceat, Apollo, Continental raided in antitrust probe: Report

India's antitrust body on Wednesday raided the offices of tyre companies including India's Ceat, Apollo Tyres and Germany's Continental AG in an alleged case of competition law violations

CCI clubs newspaper body's complaints against Google with earlier order

According to INS, news media houses are completely kept in the dark on the total advertising revenue collected by Google

CCI decides not to pursue case related to Amazon Seller Services

The regulator had taken suo moto cognisance of the matter after a report stated that 'Amazon copied products and rigged search results to promote its own brands, documents show'

CCI approves acquisition of L&T AMC by HSBC Asset Management

Fair trade regulator CCI has approved the acquisition of L&T Investment Management Ltd by HSBC Asset Management (India) Pvt Ltd. "Commission approves acquisition of 100 per cent share capital of L&T Investment Management Ltd (L&T AMC) by HSBC Asset Management (India) Private Limited (HSBC AMC)," the regulator said in a tweet. The transaction involves the acquisition by HSBC AMC and its nominees of 100 per cent share capital of L&T AMC from L&T Finance Holdings Ltd and its nominees, a notice filed with the regulator said. Simultaneously, there will be a change in the sponsorship, trusteeship, management and administration of the L&T Mutual Fund schemes managed by L&T AMC. The L&T MF schemes will be managed and operated by HSBC AMC, and HSBC Trustee will be appointed as the trustee of the L&T Mutual fund. "Pursuant to the proposed transaction, the L&T MF will comprise part of and be considered to form an integral part of the HSBC Mutual Fund ...

Fair market regulator CCI is 'spineless, toothless', says CAIT

It is highly unfortunate that the CCI has dropped such an important investigation against law offender Amazon after starting a suo-moto case based on a global news agency's report, the statement said

CCI orders probe against Star India for alleged abuse of dominant position

The order came on a complaint filed by Asianet Digital Network (P) Ltd against Star India, Disney Broadcasting (India) Ltd and Asianet Star Communications Pvt Ltd

Need market-specific approach to implement complex laws, says CCI

Emphasising that market structure and shares do not provide a complete picture of competition, especially in new-age markets, CCI chief Ashok Kumar Gupta on Friday said application of complex economic legislations can be effective only when it is "nuanced and appropriately accounts for market specificity". Acknowledging that at times, there can be a tension between a rule-based approach that ensures legal certainty and a case-by-case approach that factors in economic principles, Gupta said competition authorities have a vital role to play in ensuring optimal regulation that protects consumers while allowing competition to flourish. Competition Commission of India (CCI) has been making various efforts to boost competition in the marketplace and is closely looking at developments in the digital market, among other areas. "Market structure and market shares do not provide a complete picture of competition given the inherently dynamic nature of markets, especially in new-age markets, it

CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT

The e-commerce major made the submission before the National Company Law Appellate Tribunal (NCLAT), which is hearing its plea against the decision of the Competition Commission of India (CCI)

CCI penalises 7 entities for bid-rigging in tender related to SBI signage

Besides imposing fines totalling over Rs 1.29 crore on the 7 entiites and 9 officials, they have also been directed to cease and desist from indulging in anti-competitive practices

Tyre stocks trade weak after CCI imposes penalty; Ceat hits 52-week low

The CCI on Wednesday said Supreme Court dismissed a petition filed by tyre companies wherein they had challenged the regulator's order imposing penalties on them for anti-competitive practices

CCI says SC dismissed tyre companies' appeals against its order

In August 2018, the watchdog had imposed a total fine of more than Rs 1,788 crore on Apollo Tyres, MRF, CEAT, Birla Tyres, JK Tyre and Industries and Automotive Tyre Manufacturers Association (ATMA)

CAIT moves CCI against 'Chinese' firm Shopee for hurting Indian SMEs

CAIT Chairman Praveen Khandelwal said that Shopee is offering hefty discounts on various products by selling them at an extremely low price

CCI approves deal involving three GlaxoSmithKline group entities

The proposed deal involves the transfer of GlaxoSmithKline Asia Pvt Ltd's products and GSK Consumer Brands (indirectly) to GSK CH HoldCo

Amazon likely to face regulatory challenges to buy Catamaran JV

On August 09, 2021, the partners had announced their decision to not continue the JV beyond the end of its current term in May 2022

Future Retail's stock surges 20% on CCI order for Amazon

Future Retail's scrip jumped to a high of Rs 57.50 as against the previous close of Rs 47.95 on the National Stock Exchange