Cci

CCI rejects petition against Shopee; CAIT likely to move NCLAT next

Shopee, launched at the end of last year, also took the e-commerce market by storm by becoming the second most downloaded app after Meesho

CCI approves deal for selling stakes in Magma General Insurance Company

Fair trade regulator CCI has cleared the proposed acquisition of majority stake in Magma HDI General Insurance Company Ltd by Sanoti Properties LLP. Sanoti is into the business of development of commercial and residential real estate projects. As per a notice filed with the Competition Commission of India (CCI), the proposed combination is being undertaken in order to ensure compliance with the mandatory regulations of the Insurance Regulatory and Development Authority of India (IRDAI). CCI has approved "acquisition of 55.39 per cent of the total equity share capital of Magma HDI General Insurance Company Limited by Sanoti Properties LLP," according to a tweet on Wednesday. Under the deal, Sanoti would acquire shares constituting 55.39 per cent of the total equity share capital of Magma HDI. It would also involve buying shares of Magma HDI held by certain shareholders -- Poonawalla Fincorp Ltd and Serum Institute of India Pvt Ltd. Transactions beyond certain thresholds require the

CCI raids engineering companies after Coal India antitrust complaint

The watchdog as a matter of policy does not make public details of its ongoing price cartel investigations, or raids

Parliamentary panel summons tech giants to discuss competitive conduct

With a number of global tech giants facing a CCI probe for alleged anti-competitive practices, a key Parliamentary panel decided to summon representatives of Google, Amazon, Facebook, Twitter

Preferential treatment case: CCI raids sellers of Amazon, Flipkart

India's antitrust body launched raids on the two top domestic sellers of Amazon over accusations of having violated competition laws

Top traders body CAIT lauds CCI raids on Amazon sellers Cloudtail, Appario

India's antitrust body has reportedly launched raids against the two top domestic sellers of Amazon over accusations of having violated competition laws

Zomato slips 46% so far in 2022 as FPIs, MFs trim stake in March quarter

Shares of food delivery company Zomato hit a new low of Rs 74.65, down 2 per cent on the BSE in Thursday's intra-day trade. The stock has dropped 6 per cent in the past two trading days.

NCLAT reserves its order on Amazon's plea challenging CCI ruling

NCLAT has reserved its order on Amazon's plea challenging the decision of regulator CCI to suspend approval for the e-commerce major's deal with Future Coupons.

Amazon-Future case: CCI filing may hinge on power to revoke order

Amazon during the argument questioned the CCI order, arguing it did not have power to suspend or place its own order in abeyance

CCI approves deal to acquire minority stake in BDR Pharmaceuticals

BDR Pharmaceuticals is mainly into four therapeutic segments -- oncology, critical care, gynaecology, and neurology

Bombay HC puts on hold CCI probe of top debt trustees

CCI puts on hold an antitrust investigation into trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion on fees; HC asks SEBI to complete inquiry in 60 days

Top headlines: Paytm targets profitability in 6 qtrs; TaMo launches 'CURVV'

Business Standard brings you the top headlines on Wednesday

CCI to enforce stricter M&A disclosure requirements starting May 1

Cos to disclose "complimentary linkage" between them and their impact on market, provide data of past 5 yrs on market size, market share of parties and also of competitors

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

Google found to unfairly block rival payments on India store: CCI

'Google is imposing unfair and discriminatory conditions in violation of regulations,' says CCI in its preliminary report dated March 14

Competition Commission officials visit Ceat office for 'routine enquiry'

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

CCI clears Amazon's proposal to buy Catamaran's stake in Cloudtail parent

The Confederation of All India Traders (CAIT), which represents about 70 million traders in the country came down heavily on the CCI for dropping investigation against Amazon for violations pertaining

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 cannot question pleadings of a party before a court: Amazon tells NCLAT

The US e-commerce giant made this argument related to CCI's show-cause notice issued to it in June last year