Page 8 - Cci

CCI flags concern over e-commerce deep discounts, bats for self-regulation

The CCI flagged concerns around deep discounting on goods and services offered by large online retailers, particularly in the case of mobile phones and electrical appliances

Solo in 2020

Air India's prospects of finding a good match look bleak

CCI approves stake buy in SBI General Insurance by Napean, Honey Wheat

The country's largest lender and Insurance Australia Group (IAG) held 70 per cent and 26 per cent, respectively, in SBI General Insurance

Nippon Express gets CCI nod to acquire 22% stake in Future Supply

This is the second time in two weeks that the CCI has given its nod to a foreign investment in a Future group company.

CCI approves subscription of Piramal debentures by Canadian investor

The preferential allotment will take place by November this year and the rights issue is expected to be completed by February 2020

CCI okays Nippon Express' 22% stake buy in Future Group's logistics arm

The Competition Commission on Tuesday said it has approved Nippon Express' acquisition of 22 per cent stake in Future Group's logistics arm Future Supply Chain Solutions Ltd. Future Supply Chain Solutions in September said that Japan-based Nippon Express Co will acquire 22 per cent stake through a combination of primary issuance and secondary purchase from an existing investor. The Competition Commission of India (CCI) in a tweet said it "approves acquisition by Nippon Express (South Asia & Oceania) Pte. Ltd. of approximately 22% of the total issued and paid up share capital of the Future Supply Chain Solutions Limited." As part of this transaction, Future Supply Chain Solutions Ltd (FSC) will issue 37,89,350 shares to Nippon Express at a price of Rs 664 per share (22 per cent premium to the current market price). "Through this primary issue Nippon Express will hold 8.6 per cent stake on a fully diluted basis and FSC will raise around Rs 252 crore for funding its near-term growth .

CCI mulls issuing soft self-regulation advisory to e-commerce companies

The aspects might include transparency over ranking, data, and review and rating mechanisms

Food delivery battle: Zomato denies any merger talks with rival Swiggy

The Zomato spokesperson further said that the latest "speculation is absolutely untrue". Swiggy, however, refused to comment on the report.

Competition Commission accepts Laptev's acquisition of Welspun Corp arm

The Competition Commission of India (CCI) on Monday said that it has approved the acquisition of Welspun Corp's 'Plates & Coiled Mill Division' by Laptev Finance Pvt Ltd.

Amazon's Future Retail deal under CCI scanner, could be delayed: Report

The CCI sought justification from Amazon on why it chose to file a Form I, the source added, which could potentially delay approval of the deal

CCI approves Abu Dhabi Future Energy's equity stake purchase in Hero Future

Hero Future Energies India is primarily engaged in the implementation of power projects and generation of power

CCI approves Hyundai and Kia's acquisition of shareholding in Ola

In March this year, Hyundai and Kia had said they would invest $300 million in Bengaluru-based Ola

Tata consortium to tweak investment in GMR airports, reduce stake by 5%

The Tata Group's effective shareholding will now be 15 per cent in GMR Airports, translating into a shareholding of approximately 10 per cent in DIAL, said sources in the know

CCI to probe MakeMyTrip, Oyo for unfair business practices, deep discounts

Bengaluru/ New Delhi, 29 OctoberThe Competition Commission of India (CCI) has launched an investigation against Oyo Hotel & Homes and MakeMyTrip (MMT-Go), on charges of predatory pricing, creating a monopoly and deep discounting.A CCI order says there is enough substance to warrant a probe, on evidence that the two are charging excessive commissions from hotel partners and demanding deep discounts which have led to the destruction of competitive pricing in the marketThe complaint in this regard came from the Federation of Hotel and Restaurant Associations of India (FHRAI). And, CCI has directed its director-general, investigations, to do a detailed investigation in the matter and give a report within 150 days. "The there exists a prima facie case for investigation for alleged violation of the provisions of Section 3(4) of the Act. Further, a prima facie case for investigation under Section 4 is made out against MMT-Go, as elucidated in the earlier parts of this order. The DG is, ..

CCI orders probe against MakeMyTrip-GoIbibo, Oyo for unfair biz practices

The Competition Commission has ordered an investigation against online travel agents Make My Trip-GoIbibo and hospitality services provider Oyo for alleged unfair business practices. Following a complaint from the Federation of Hotel & Restaurant Associations of India (FHRAI), the watchdog looked into various aspects of their businesses and concluded that "prima-facie" there are violations of competition law. For the case, the Competition Commission of India (CCI) assessed the allegations on the basis of two relevant markets. In the case of Make My Trip-GoIbibo (MMT-Go), it is the 'market for online intermediation services for booking of hotels in India' and for OYO, it is the 'market for franchising services for budget hotels in India'. Make My Trip has acquired GoIbibo. The Commission said that MMT-Go prima-facie appears to be a dominant player in the relevant market. "... prima-facie OYO is not found to hold a dominant position, despite being a significant player in the market

CCI approves 4% stake buy in Aditya Birla Capital by Jomei Investments

Jomei Investments is a special purpose vehicle owned by Advent International Corporation while ABCL is the holding company of the financial services businesses of the Aditya Birla Group

CCI to give e-commerce firms advisory on discounts as trader protests grow

This comes at a time when Commerce Minister Piyush Goyal has gone public on foreign majors

CCI to conduct study on telecom sector amid changing market dynamics

Competition Commission of India (CCI) has started the preparatory work for the study about the telecom sector and it is expected to commence in November, says chairman

CCI okays Essel MF acquisition by Sachin Bansal's BAC under 'green channel'

This is the first clearance under the 'green channel' route, a speedier approval mechanism put in place by the CCI.

Firms face pressure to offer deep discounts if they sell online: CCI study

In the hotels sector, smaller players use online sites to sell out most of their inventory while bigger brands use their own websites