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Tuesday, February 18, 2020

competition commission of india

COMPETITION COMMISSION OF INDIA NEWS

CCI initiates probe against Flipkart, Amazon on ‘deep discounting’

January 14, 2020 3:54 am

The anti-trust body ordered the probe on a complaint by Delhi Vyapar Mahasangh, a micro, small and medium scale enterprise body.

CCI interim study takes note of issues raised by vendors, online aggregators

August 31, 2019 2:17 am

In the food sector, restaurants have said that deep discounts by online platforms “cannibalising dine in” and the burden on discounts is shifting to restaurants.

Indiabulls Housing Finance-Lakshmi Vilas Bank merger gets CCI nod

June 21, 2019 11:57 am

In April this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance in a share-swap deal with an intent to create a  entity with larger capital base and wider geographical reach.

India orders anti-trust probe of Google for alleged Android abuse-sources

May 10, 2019 9:20 pm

India's antitrust watchdog has ordered an investigation into Alphabet Inc's unit Google for allegedly abusing the dominant position of its popular Android mobile operating system to block rivals, two sources aware of the matter told Reuters.

Competition Commission clears Walmart-Flipkart deal

August 09, 2018 9:15 am

In May, Walmart had announced acquisition of 77 per cent stake of Flipkart for $16 billion in its biggest takeover yet. This values Flipkart at over $20 billion.

CCI begins public consultation on Bayer-Monsanto deal

January 05, 2018 1:40 pm

On September 14, 2016, Bayer and Monsanto entered into a definitive agreement and plan of merger by which the entire shareholding of Monsanto will be acquired by Bayer. As a result of the proposed combination, Monsanto will become a wholly-owned subsidiary of Bayer.

MCA proposes to halve CCI member strength to three

August 23, 2017 2:56 am

Last March, MCA notified that March 2016 exemption for seeking CCI approval would apply to mergers and acquisitions.

CCI rejects another complaint against Reliance Jio

June 17, 2017 10:07 am

For the second time in a week,For the second time in a week,the Competition Commission has dismissed allegations of unfair business practices made against Mukesh Ambani-led Reliance Jio Infocomm. On June 9, it had dismissed similar allegations made by telecom major Bharti Airtel.

Competition Commission slaps Rs 87 crore fine on Hyundai for unfair business practices

June 14, 2017 9:51 pm

The Rs 87 crore fine imposed on the company is 0.3 per cent of the company's average relevant turnover from the last three financial years. 

Amid rising number of complaints, CCI to hire over 22 people

May 01, 2016 11:08 am

The CCI, which keeps a tab on unfair business practices across sectors, had more than 70 posts vacant at the end of March this year