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Competition Commission of India News
Competition Commission of India
CCI approves JSW-led consortium bid to acquire Monnet Ispat
Sat, May 12, 2018
The committee of creditors (CoC) of Monnet Ispat and Energy, which is undergoing insolvency proceedings, had on April 12 approved the resolution plan submitted by the only bidder Sajjan Jindal's JSW Steel along with AION Capital
No cartelisation among banks in fixing savings bank rates, says CCI
Tue, Apr 24, 2018
The fair trade watchdog Competition Commission of India (CCI) examined the parallel behaviour of banks in offering similar savings bank interest rates (SBIRs) and levying similar service charges on a suo motu basis. It also looked at the role, if any, played by the Indian Banks' Association (IBA) in determining these rates and charges
Flipkart-Amazon combine may face scrutiny for competition aspects
Sun, Apr 08, 2018
While there is no formal announcement from any quarter on the possible multi-billion dollar deal, reports indicate that discussions involving Flipkart and Amazon are going on. Engaged in intense competition, home-grown Flipkart and Amazon India are leading players in the Indian online retail market place . Deals beyond a certain threshold require the approval of Competition Commission of India (CCI) before they are consummated
CCI clears UltraTech's acquisition of Binani Cement
Wed, Mar 28, 2018
The Competition Commission of India (CCI) in a tweet today said it has not found any "appreciable adverse effect on competition (AAEC) in respect of UltraTech Cement's proposed acquisition of 100 per cent shares of Binani Cement." Binani Industries Ltd (BIL) -- the promoter firm of BCL -- had approached UltraTech for arranging funds to pay off the lenders.
Tata Steel's Bhushan Steel bid emerges winner; price may hit Rs 35,000 cr mark
Fri, Mar 23, 2018
Tata Steel plans to double capacity to 26 million tonnes in five years. It recently commissioned a greenfield steel plant at Kalinganagar, Odisha. Bhushan Steel will help Tata Steel overtake JSW Steel to become the country's top steel producer. Bhushan Steel was on the RBI's first list of 12 companies to be referred to the National Company Tribunal Law (NCLT). Tata Steel had also participated in the bidding process for Electrosteel Steels Ltd. Its bid, however, has been challenged by Abhishek Dalmia-led Renaissance Steel India Pvt Ltd.
CCI clears GIC's Rs 9,000 crore deal with DLF's rental arm
Sat, Nov 04, 2017
The Competition Commission has approved Singapore's sovereign wealth fund GIC's plan to acquire 33 per cent stake in DLF Cyber City Developers for Rs 8,900 crore.
Idea Cellular hopes to complete merger with Vodafone India by 2018
Tue, Jul 25, 2017
In May, Idea Cellular and Vodafone India had approached CCI regarding the proposed merger and were awaiting the fair trade regulator's nod in this regard.
Competition Commission of India approves Idea Cellular-Vodafone India merger plans, report says
Mon, Jul 24, 2017
In March, Aditya Birla Group's telecom arm, Idea Cellular had informed the regulatory bodies that its board of directors have approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services with itself.
CCI approves SoftBank's 20% stake acquisition in Paytm's parent One97 Communications
Tue, Jul 18, 2017
CCI has approved stake acquisition by SoftBank in Paytm's parent company - One97 Communications.
Bharti Airtel's deals with Videocon, Aircel approved: CCI
Fri, Jun 30, 2017
Under the deal, Bharti Airtel was to acquire the spectrum of Videocon Telecommunications Ltd (VTL) in six circles. In this regard, both had entered into a definitive agreement last March.
Reliance Jio seeks CCI nod for spectrum sharing with RCom
Tue, Jun 20, 2017
Mukesh Ambani-led Reliance Jio Infocomm has sought CCI approval for the proposed spectrum sharing deal with younger sibling's Reliance Communications.
Competition Commission slaps Rs 87 crore penalty on Hyundai for anti-competitive conduct
Wed, Jun 14, 2017
Govt may approve one more PSU bank consolidation by March
Fri, Jun 09, 2017
Now, the Finance Ministry is looking to replicate the model in the case of other state-run banks so that they reach critical mass to compete with global peers.
Bharti Airtel gets Sebi and Stock Exchanges approval for merger with Telenor
Thu, Jun 01, 2017
Bharti Airtel's merger with Telenor will enhance its foot-print in seven circles and will add up to nearly 52.5 million subscribers in its book. The scheme is filed before NCLT and is subject to other statutory approvals.
CCI approves Aceville's stake acquisition in Flipkart
Tue, May 23, 2017
The Competition Commission of India (CCI) has said on Twitter on Tuesday that it has approved Singapore-based private investment holding company Aceville's acquisition of up to 6.02% stake in Flipkart.
Jio case: CCI seeks probe report on telcos in 2 months
Tue, May 16, 2017
The Competition Commission has directed its investigation arm to complete, in 60 days, the probe against incumbent operators and the industry association for colluding to deny network connectivity to newcomer Reliance Jio.
Tata Sons to seek CCI, tax authorities nod for DoCoMo payout
Wed, May 03, 2017
The other option was Tata purchasing the shares at the fair market value, which was Rs 23.44. However, this was not acceptable to DoCoMo and it had opted for arbitration.
RCom shareholders approve demerger of tower business
Tue, May 02, 2017
RCom, in a BSE filing said, “The shareholders of Reliance Infratel Limited (RITL) – a subsidiary of Reliance Communication at their meeting held on April 29, 2017, have approved with 98% majority the scheme of arrangement for demerger of the tower division of the RITL into Towercom Infrastructure Private Limited (TIPL).”
CCI approves RCom's demerger of tower division
Thu, Mar 23, 2017
RCom said, “CCI has approved the proposed transaction involving the sale of the tower division of Reliance Infratel Limited, a subsidiary of RCom, which is to be carried out pursuant to a demerger of the tower division to Towercom Infrastructure Private Limited (Towerco)."
After Sebi, now CCI gives nod to RCom-Aircel merger
Mon, Mar 20, 2017
RCom said, “The company has received an approval of the CCI for the proposed scheme of arrangement for demerger of wireless division of Rcom into Aircel Limited and Dishnet Wireless Limited (the scheme).”