Page 4 - Cci

Under CCI lens, Google says Android has led to more competition, innovation

The internet major on Saturday said that Android has led to more competition and innovation.

Google found guilty of anti-competitive behaviour in mobile OS mkt: Report

The probe, ordered by CCI, also accused Google of imposing one sided contracts on devices and on app makers to ensure that its own products and applications were used more by consumers

GST Council likely to reject CCI plea for exemption of indirect tax

Fitment committee recommends rejecting MoSPI request for a waiver

Indiabulls Housing gets CCI approval to divest mutual fund biz to Groww

Indiabulls Housing Finance (IBHFL) has received the CCI approval to divest its mutual fund business to Groww for Rs 175 crore

CCI approves 26% stake-buy in ONGC Tripura Power Company by GAIL

Fair trade regulator CCI on Thursday gave its nod for acquisition of 26 per cent equity stake in ONGC Tripura Power Company by GAIL (India). The stake is being acquired from IL&FS group companies IL&FS Energy Development Company Ltd and IL&FS Financial Services Ltd. GAIL had participated in an open bidding process and had emerged as the highest bidder pursuant to the expression of interest issued for acquiring 26 per cent stake held by the IL&FS Group in ONGC Tripura Power Corporation Ltd, as per a combination notice. "Commission approves acquisition of 26 per cent equity stake in ONGC Tripura Power Company by GAIL (India)," the Competition Commission of India (CCI) said in a tweet. The combined value of assets and turnover of GAIL India and ONGC Tripura for the financial year ending March 2020 are Rs 71,959.84 crore and Rs 73,408.82 crore, the combination notice added. Separately, CCI said the "Commission approves acquisition of Inflow Technologies by Savex ...

Startup Udaan files complaint before CCI against biscuit maker Parle

Says biscuit maker has refused to directly supply its products

CCI slaps fine of Rs 200 crore on Maruti Suzuki over dealer discount policy

During the probe, Maruti - which has more than 50 per cent share of India's car market - told the regulator that it imposed no such policy and that the dealers were free to offer any discounts

Maruti Suzuki to take 'appropriate action under law' on CCI penalty

Maruti Suzuki India Ltd said it is examining and will "take appropriate actions under law" with regards to an order by CCI

Exporters likely to move CCI on 'cartelisation' in shipping industry

Based on estimates of the Directorate General of Shipping, the country has seen a 15 per cent fall in the supply of containers in 2021 for various reasons

Grasim faces CCI heat again; lifting of anti-dumping duty may hurt revenue

According to industry experts, prices are expected to drop by Rs 5-6 per kg once anti-dumping duty is lifted

CCI approves Lighthouse Funds' additional stake buy in Bikaji Foods

The Competition Commission of India (CCI) on Tuesday approved Lighthouse Funds' acquisition of additional stake in Bikaji Foods International Ltd. The acquirers are Lighthouse India Fund III and Lighthouse India III Employee Trust, according to a combination notice filed with the regulator. Lighthouse Funds is a USA-based company. It acts as the sponsor and controls private equity funds that make investments in consumer companies in India. Bikaji Foods is engaged in the manufacture and sale of snacks. Lighthouse Funds already exercises control over Bikaji Foods and there is no change in its control as a result of the proposed combination, as per the notice. "Commission approves acquisition of additional equity share capital of Bikaji Foods International by Lighthouse Funds," the regulator said in a tweet.

Piyush Goyal asks traders to bring violations in law to notice of govt

Goyal's statement came a few hours after the Supreme Court did not accept the pleas of Amazon and Flipkart against a probe by the competition commission of India

Prepare, present complaints against big online retailers before CCI: Goyal

Union minister Piyush Goyal on Monday asked the traders' community to 'prepare themselves' and present all their complaints against big online retailers before the regulator to get 'justice'

Competition Commission open to probe Flipkart, Amazon separately

The two e-commerce giants are currently named in a single complaint, which is being probed by the anti-competition watchdog

CCI to launch study into film distribution, examine OTT impact on releases

CCI acknowledges that if two blockbusters are released together, they might not get a lot of business

CCI approves minority stake-buy in Azure Power by OMERS Infrastructure

This will take place in a series of inter-connected steps, according to the statement

Unchecked dominance in digital markets a concern, says CCI chairman

Digital markets are epicentres of technological innovation but lately they have become zones of "entrenched and unchecked dominance", Competition Commission of India Chairman Ashok Kumar Gupta said

No prima facie evidence with CCI and HC to order probe: Flipkart tells SC

Karnataka HC last week upheld a single-judge order dismissing Amazon and Flipkart pleas challenging a probe initiated by CCI for alleged competition law violations

Appellants shouldn't fear CCI probe, Karnataka HC tells Amazon, Flipkart

The Court upheld a single-judge order dismissing pleas filed by Amazon and Flipkart challenging a probe initiated by the Competition Commission for alleged breach of competition law

CCI clears SoftBank's $450-mn investment in food delivery firm Swiggy

Sources say funding is an extension of Swiggy's $800-mn round in April from investors such as Falcon Edge, Goldman Sachs and others, which took the company's valuation to $5 bn from $3.6 bn