Page 7 - Competition Commission Of India

Temasek Holdings gets CCI nod to acquire stake in foodtech firm Rebel Foods

Temasek Holdings, through its arm Jongsong Investments Pte, is acquiring a stake in Rebel Foods -- which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens

CCI rejects global major Apple's request to put antitrust report on hold

Apple asked the CCI "to take action against TWFS for non-compliance with its order" and "to withhold the revised" report, the CCI order, dated Nov. 13, seen by Reuters showed

CCI unlikely to act on media reports regarding Adani bribery issue

Billionaire Gautam Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over $250 million bribe to Indian officials

Meta to appeal against CCI's Rs 213 crore penalty, diktat on data share

On Monday, CCI imposed a penalty of Rs 213.14 crore on Meta for abusing its dominant position

WhatsApp-CCI fracas explained: Why Meta is appealing against a $25.4m fine

The Competition Commission of India has accused Meta-owned WhatsApp of abusing its dominant market position in its 2021 privacy update. Here's all you need to know

CCI bars WhatsApp from sharing data with Meta firms, slaps Rs 213 cr fine

Second instance of big tech penalised for abusing dominant position

Zomato, Swiggy deny CCI antitrust violations, say media report 'misleading'

Deepinder Goyal-led Zomato clarified to the BSE that although the CCI initiated a preliminary investigation in April 2022, no findings or orders have been issued against the food delivery platform

CCI proposes changes to penalty recovery rules, seeks feedback by Dec 6

The Competition Commission of India (CCI) on Thursday proposed amendments to improve the efficiency and structure of its penalty recovery process. Inviting comments by December 6, the CCI said the proposed changes target procedural clarity and effectiveness in recovering penalties levied for violations of the Competition Act, 2002. "Based on the experience gained during implementation of these regulations over the years and to streamline the process of recovery, certain amendments are deemed fit to be incorporated in the said regulations. "Accordingly, such amendments are being proposed to the Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2011," CCI said in a release. The amendments are proposed after challenges encountered in implementing these rules over the years and aim to improve regulatory compliance and efficiency. The key aspects of the draft amendments, including procedures for issuing demand notices and recovery certificates, ...

CCI recalls Flipkart antitrust probe report after Xiaomi complaint

China's Xiaomi had complained to the Competition Commission of India (CCI) that the report - which found Flipkart, some of its sellers, and smartphone players in violation of competition laws

KKR arm, Singtel gets CCI's approval to acquire stake in STT GDC

The Competition Commission of India (CCI) on Tuesday cleared KKR-affiliate Ruby Asia Holdings II and Singtel's proposal to acquire a stake in STT GDC. ST Telemedia Global Data Centres (STT GDC) is a wholly-owned subsidiary of Singapore Technologies Telemedia. STT GDC through its indirect subsidiary STT Global Data Centres India Pvt Ltd (STT GDC India) provides critical services, including high-quality colocation, connectivity, and round-the-clock support services. Global investment firm KKR through its arm Ruby Asia Holdings II is acquiring a stake in the company. "Commission approves acquisition of shares of STT GDC Pte Ltd by Ruby Asia Holdings II Pte Ltd and Singtel Interactive Pte Ltd subject to compliance of certain voluntary commitments submitted by the parties," CCI said in a release. Singtel Interactive Pte (Singtel) is a wholly-owned subsidiary of Singtel Telecommunications Ltd. The Singtel Group is an Asian communications technology group, operating connectivity, digita

Fortis Healthcare gets CCI nod to acquire stake in Agilus Diagnostics

The competition watchdog CCI on Tuesday approved Fortis Healthcare's proposal to acquire an additional 31.52 per cent stake in Agilus Diagnostics. Multi-speciality hospital chain Fortis Healthcare Ltd (FHL) is engaged in providing integrated healthcare delivery services like medicare, healthcare and diagnostics. The diagnostics services business of FHL is being undertaken primarily through Agilus. "Commission approves the acquisition of additional 31.52 per cent share capital of Agilus Diagnostics Ltd by Fortis Healthcare Ltd," according to a post by CCI on X. After the transaction, the shareholding of Fortis Healthcare Ltd (FHL) in Agilus will increase from 57.68 per cent to 89.2 per cent. In August, Fortis Healthcare announced that it will acquire a 31 per cent stake in Agilus Diagnostics for Rs 1,780 crore valuing Agilus at Rs 5,700 crore. The Competition Commission of India (CCI) has also cleared the proposed merger of Diliigent Power into DB Power, and the reorganisation of

FMCG distributors write to CCI over unfair practices by quick commerce cos

The association has also sought to facilitate a dialogue among all stakeholders, including FMCG companies

Decoded: WhatsApp 2021 privacy policy is back to haunt Meta over CCI probe

A probe into the matter has concluded that WhatsApp and Meta violated competition law by abusing their dominant position in the market

Sudarshan Chemical to acquire Germany's Heubach for Rs 1,180 crore

The Heubach acquisition will help address these challenges with a clear turnaround plan, SCIL said in a release

CCI okays Rs 1,100 cr buyout of Patanjali Ayurved's home, personal care biz

The Competition Commission of India (CCI) on Tuesday cleared the proposed acquisition of the home and personal care business of Patanjali Ayurved by Patanjali Foods in a Rs 1,100 crore deal. "The proposed combination involves the acquisition of Patanjali Ayurved Ltd's (PAL) Home and Personal Care (HPC) business division (nonfood business) by Patanjali Foods Ltd (PFL)," the CCI said in a release. Patanjali Foods is engaged in processing of oilseeds, refining of crude oil for edible use, production of oil meal, food products from soya and value-added products from downstream and upstream processing. It is also engaged in the business of fast-moving consumer goods, fast moving health goods comprising mainly of food, biscuits and nutraceutical products and engaged in generation of power from wind energy and trading in various products. Patanjali Ayurved is engaged in the business of manufacturing, trading, packing and labelling of ayurvedic medicines, HPC items such as dairy items and

CCI approves Mankind Pharma's purchase of Bharat Serums for $1.6 bn

Mankind Pharma, which has brands including Manforce condoms and Prega News pregnancy tests, signed an agreement to acquire Bharat Serums

CAIT's White Paper details violations by Amazon, Flipkart; calls for action

The White Paper focuses on the violations committed by e-commerce giants, particularly regarding the Foreign Direct Investment policy and other regulatory frameworks governing e-commerce

After Sebi, Parliament committee to conduct CCI's performance review

The Public Accounts Committee of Parliament, chaired by Congress leader KC Venugopal, has decided to assess the performance of regulatory bodies established by Acts of Parliament this financial year

CCI's latest merger overhaul may push deal timelines, increase filings

The amendments bring welcome changes like shorter assessment timelines and CCI hearings, but experts believe they may hinder ongoing deals and increase workload

Online sellers on Walmart's Flipkart sue CCI over antitrust probe

Three of Flipkart sellers- CIGFIL Retail, Wishery Online, Xonique Ventures- in their lawsuits argue that during the investigation they were called to submit data to help officials, but were framed