competition commission of india

competition commission of india News

Indiabulls Housing Finance-Lakshmi Vilas Bank merger gets CCI nod

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

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.

Advertising

Competition Commission clears Walmart-Flipkart deal

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

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

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

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.

Advertising

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

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

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

CCI slaps Rs 258 cr penalty on IndiGo, SpiceJet & Jet

Commission directs the carriers to deposit penalty amount within 60 days of receipt of the order.

CCI slaps Rs 671-cr penalty on four PSU insurance firms

Non-life insurers termed the order as “surprising” adding that legal remedy would be sought.

Advertising