Page 4 - Competition Commission Of India

CCI imposes penalties on UFO Moviez, others for anti-competitive practice

This comes after it was alleged that UFO Moviez entered into anti-competitive agreements with CTOs to help and assist the business of Scrabble Digital, as per the CCI order

CCI clears multi-layered deal involving TPG Growth, AINU and other firms

The Competition Commission of India (CCI) on Tuesday approved a multi-layered deal, involving global investment firm TPG's growth funds, South India-based healthcare services provider AINU and other entities. In a release, the regulator said it has cleared the combination involving Waverly Pte Ltd, TPG Growth V SF Markets Pte Ltd, TPG Growth III SF Pte Ltd, Asia Healthcare Holdings Pte Ltd, Rhea Healthcare Pvt Ltd, Asia Healthcare Advisory Holdings LLP and Asian Institute of Nephrology and Urology Pvt Ltd (AINU). Based in Singapore, Waverly is a wholly-owned subsidiary of Lathe Investment Pte Ltd, which is wholly owned by GIC (Ventures) Pte Ltd. Waverly is part of a group of investment holding companies managed by GIC Special Investments Pvt Ltd. AHH is a Singapore-incorporated company, primarily engaged in long-term investment holding activities. Also, through its direct/ indirect subsidiaries, the entity provides healthcare services in the areas of maternal, child, urology, ...

Reviewing feedback on draft rules for production cost norms: CCI chief

The Competition Commission of India (CCI) is reviewing stakeholders' comments on the proposed regulations for the determination of cost of production, according to its chief Ravneet Kaur. As part of efforts to update the framework for assessing predatory pricing, the watchdog came out with the draft rules in February. "On the regulatory and policy front, the Commission initiated public consultation on the draft 'The Competition Commission of India (Determination of Cost of Production) Regulations, 2025'. We have received stakeholder comments and they are currently under review," Kaur said. In her message in the CCI's latest quarterly newsletter for the January-March period, Kaur also said the regulator remained active in scrutinising combinations to ensure they do not impede market competition. Competition law prohibits predatory pricing as an abusive conduct by a dominant enterprise. CCI's review of the existing regulations is aimed to align them with modern economic theories, ..

CCI seeks evidence in complaint against quick-commerce companies

The AICPDF had filed a complaint with CCI on behalf of its President, Dhairyashil Patil against Blinkit, Zepto and Instamart last month

CCI chief Ravneet Kaur given additional charge of NFRA chairperson

Kaur will serve as NFRA chairperson till the appointment of a regular incumbent or until further orders whichever is earliest, according to the Appointments Committee of the Cabinet

M&A 2.0: Can a new mergers playbook simplify the dealmaking process?

The existing rulebook is strewn with regulatory roadblocks, making mergers and acquisitions, especially for smaller companies and listed entities a burdensome process

NCLAT upholds CCI ruling against Google, cuts penalty to Rs 216 crore

The penalty imposed on Google was cut down from Rs 936.44 crore to Rs 216 crore

CCI to investigate Tasmac for 'abuse' of dominant market position

Fair trade regulator CCI has ordered an investigation against state-owned liquor retailer Tamil Nadu State Marketing Corporation Ltd (TASMAC) over allegations that it is restricting competition in the state's beer market by favouring select brands. TASMAC is a Tamil Nadu government's wholly-owned company registered under the Companies Act. In an order passed on Tuesday, the Competition Commission of India (CCI) directed the Director General (DG) to complete and submit the investigation report within 60 days. The order came after an individual filed a complaint alleging that TASMAC has been purchasing and selling only a few beer brands, while limiting access to other brands in the market and discouraging competition in business. The complainant argued that this practice violates Section 4 of the Competition Act, 2002, which prohibits abuse of dominant position. According to the complainant, TASMAC, which has exclusive rights to sell alcoholic beverages in Tamil Nadu through its ...

Singapore's Temasek seeks CCI nod to acquire 10% stake in Haldiram

Temasek will acquire a stake in India's largest packed snack and sweets company and restaurant operator Haldiram Snacks Food through its arm Jongsong Investments Pte

India's ad industry raids followed tip-offs under leniency scheme

On Tuesday and Wednesday, the Competition Commission of India raided the local offices of WPP-owned GroupM, Interpublic, Publicis and Dentsu, as well as high-profile Indian broadcasters' body IBDF

Leniency option helps CCI crack down on ad agency cartel, gather evidence

The 'leniency programme' encourages whistleblowers in cartels to provide information on outfits and lessens their penalties in extenuating circumstances

CCI rejects allegations of anti-competitive practices against GMR Airports

Fair trade regulator CCI has dismissed allegations of anti-competitive practices against GMR Airports and Delhi Airport with respect to the awarding of certain contracts. The Indira Gandhi International Airport (IGIA) in the national capital is operated by the GMR Group-led consortium Delhi International Airport Ltd (DIAL). It was alleged by an NGO that GMR Airports was engaged in monopolistic practices and charging excessive fees for contracts related to parking and lounge services at the IGIA. After reviewing submissions from the involved parties, the Competition Commission of India (CCI) said the contracts for parking and lounge services were awarded through a competitive bidding process, as mandated under the Operation, Management, and Development Agreement (OMDA). The complaint was also against the Airports Authority of India (AAI), Ministry of Civil Aviation and Fraport AG Frankfurt Airport Services Worldwide. "... the Commission, in relation to the allegation under Section

CCI's forensic team to analyse data seized in raids on advertising agencies

Competition Commission's forensic experts will be scrutinising the digital data and documents collected during the raids at the offices of some advertising agencies in connection with certain commercial arrangements between the agencies and broadcasters, according to a source. It is suspected that there are alleged anti-competitive practices related to the arrangements with respect to pricing and other aspects. The dawn raids were conducted at various offices of the media agencies in Delhi-NCR and Mumbai that started from Tuesday early morning and ended on Wednesday early morning, the source aware of the development said on Tuesday. A query sent to the Competition Commission of India (CCI) seeking comments on the raids did not elicit any response. The source aware of the development said forensic experts at the CCI's DG office will be examining the digital data and documents collected during the raids. The Director General (DG) of the CCI has been probing alleged anti-competitive

CCI seeks comments on proposed Bharat Forge-AAM India Manufacturing deal

Fair trade watchdog CCI on Wednesday said it has sought public comments on Bharat Forge Ltd's proposed acquisition of AAM India Manufacturing Corporation Pvt Ltd after prima facie concluding that the transaction could adversely impact competition. In October last year, Bharat Forge sought the Competition Commission of India's (CCI) approval for the buyout of AAM India Manufacturing Corporation. Bharat Forge is a leading provider of forged components and solutions to various sectors while AAM India Manufacturing Corporation is into manufacturing and sale of axles for commercial vehicles in the country. "The Commission is of the prima facie opinion that the proposed combination is likely to have an appreciable adverse effect on competition and, accordingly, has directed the parties, in terms of Section 29(2) of the Competition Act, 2002, to publish details of the combination for bringing the combination to the knowledge or information of the public and persons affected or likely to be

CCI raids ad giants GroupM, Dentsu, broadcasters' body over price collusion

Officers of the Competition Commission of India searched around 10 locations after it initiated a case against the agencies and top broadcasters over allegedly fixing ad rates and discounts

CCI approves Tata Sons' additional 10% stake purchase in Tata Play

Fair trade regulator CCI on Monday cleared Tata Sons' proposed acquisition of an additional 10 per cent stake in DTH operator Tata Play from Singapore's sovereign wealth fund Temasek Holdings. Currently, Tata Sons -- the promoter of Tata Group -- owns a 60 per cent stake in Tata Play. "The proposed combination involves the acquisition of 10 per cent shareholding in Tata Play by Tata Sons," the Competition Commission of India (CCI) said in a release. Tata Sons is an investment holding company, which is registered as a core investment company with the Reserve Bank of India and classified as a "Systemically Important Non-Deposit Taking Core Investment Company". "Commission approves the acquisition of certain additional shareholding in Tata Play Ltd by Tata Sons Pvt Ltd from Baytree Investments (Mauritius) Pte Ltd," the regulator said. Baytree Investments (Mauritius) is an affiliate of Singapore's sovereign wealth fund Temasek Holdings. Pursuant to the approval by CCI, Tata Sons will

HUL gets CCI approval to acquire Minimalist in Rs 2,670 crore deal

Hindustan Unilever Ltd (HUL), a leading FMCG player, owns more than 50 brands, including Lakme, Lux, Knorr, Kwality Wall's, and Surf Excel

Govt to bring Digital Competition Bill after due process: Harsh Malhotra

Minister of State for Corporate Affairs said while strict interventions were required to enforce the law, self-regulation and compliance should also be promoted

CCI backs Apple in antitrust case, denies Match, startups sensitive data

An investigation by the Competition Commission of India (CCI) last year found Apple exploited its dominant position in the market for app stores

CCI clears ONGC-NTPC Green's proposal to acquire Ayana for Rs 19,500 cr

The Competition Commission of India on Tuesday cleared ONGC-NTPC Green's proposal to acquire renewable energy firm Ayana for Rs 19,500 crore (USD 2.3 billion). ONGC-NTPC Green Pvt Ltd (ONGPL), a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy Ltd (NGEL). "CCI approves the proposed combination involving the acquisition of Ayana Renewable Power Pvt Ltd by ONGC NTPC Green Pvt Ltd," the Competition Commission of India (CCI) said in a post on X. Last month, ONGPL said it has signed a share purchase agreement to acquire a 100 per cent equity stake in Ayana Renewable Power Pvt Ltd (Ayana). This is the second biggest deal in the renewable energy space. Adani Green Energy (AGEL) in October 2021 acquired SB Energy India from SoftBank Group Corp (SBG) and Bharti Group in an all-cash deal worth USD 3.5 billion. Ayana, a leading renewable energy platform, has about 4.1 GW of operational and under-construction assets, strategically located across resource-rich states.