CCI

CCI penalises investment manager of Goldman Sachs AIF for failing...

Fri, Jan 17, 2025

The Competition Commission has imposed a penalty of Rs 40 lakh on the investment manager of Goldman Sachs AIF for failing to notify the regulator about the more than four-year-old deal that gives the option to buy up to 3.81 per cent stake in Biocon Biologics.

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Meta Appeals CCI's Rs 213 Crore Penalty on WhatsApp

Tue, Jan 07, 2025

Meta has filed an appeal with NCLAT against the Rs 213 crore penalty imposed by the CCI on WhatsApp. This video explains the details of the case, the reasons for the penalty, and the legal process involved in the appeal. Watch to understand the implications of this development for Meta and WhatsApp.

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CCI starts study on renewable energy space across BRICS nations

Sun, Dec 29, 2024

Fair trade watchdog CCI is conducting a market study to understand the competitions issues in the renewable energy space across BRICS nations.

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Bharti Airtel gets CCI nod to increase stake in Indus Tower to ov...

Tue, Oct 22, 2024

The Competition Commission of India (CCI) on Tuesday cleared Bharti Airtel's proposal to increase its stake in Indus Towers, following a buyback of shares by the telecom infrastructure company. Indus Towers is a passive telecom infrastructure provider. 

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Zbiz Exclusive: CCI Investigates Flipkart, Amazon, Mobile Manufac...

Fri, Apr 26, 2024

CCI investigation against Flipkart, Amazon, mobile manufacturers - CCI found irregularities in the investigation - Evidence of business found against Amazon, Flipkart in Indian market - Amazon, Flipkart were themselves taking business decisions of associate companies. - The nexus of Amazon and Flipkart with mobile manufacturers also came to light. - Know the complete news from Tarun Sharma...

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AI can drive efficiency, but raises market concentration concerns...

Sun, Apr 07, 2024

The watchdog CCI, which has the mandate to curb anti-competitive ways and foster fair competition, will soon commission a study to look at all aspects of artificial intelligence (AI).

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Axis Bank-Max Life Insurance deal cleared by fair trade regulator...

Tue, Apr 02, 2024

Last year in August, the company announced a capital infusion by Axis Bank by issuance of 14.25 crore equity shares to help Max Life to support its future growth ambitions, augment its capital position and improve solvency margins.

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CCI orders probe against Google's play store pricing policy

Fri, Mar 15, 2024

The order also comes less than two weeks after Google removed some apps from the Play Store over payment issues. On March 1, Google removed some apps from its Play Store in India over a dispute on service fee payments and a few days later, it reinstated the apps in the wake of the government criticism.

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CCI's powers to penalise on global turnover basis to deter a...

Sun, Mar 10, 2024

With the amendments coming into force, the Competition Commission of India (CCI) now has the power to impose a penalty of up to 10 per cent of a company's global turnover for competition law violations.

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CCI clears IMCD India's additional stake purchase in Signet...

Tue, Jan 09, 2024

Signet Excipients is engaged in the business of sales, marketing, distributing, importing, or exporting of excipients used for pharmaceuticals, food, API products, and other related products for pharmaceutical formulation.

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Apple, Google being probed for alleged unfair business practices:...

Wed, Oct 11, 2023

Earlier, the regulator had passed orders against Google in cases related to the Android system and PlayStore.

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NCLAT set aside CCI order imposing penalty on 18 sugar mills, 2 t...

Tue, Oct 10, 2023

The appellate tribunal said the order passed by the fair trade regulator Competition Commission of India "suffers from illegality" and "does not comply with the requirement of adherence to the principle of natural justice".

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Government names three new members of fair trade regulator: Repor...

Wed, Sep 20, 2023

The new members appointed are Anil Agrawal, a former police official who recently worked at India's commerce ministry and worked on various startup initiatives and setting up of government's e-commerce network, Open Network For Digital Commerce. He confirmed the appointment to Reuters, but declined to elaborate.

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Air India-Vistara Merger: Competition Commission issued a show-ca...

Wed, Jun 28, 2023

Air India-Vistara Merger: Competition Commission of India (CCI) has issued a show cause notice to the parties with respect to the proposed merger of Tata Group airlines Vistara and Air India, according to a source.

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CCI opens inquiry against Google for non-compliance with directio...

Fri, May 12, 2023

On October 25 last year, the regulator slapped a penalty of Rs 936.44 crore on Google for abusing its dominant position with respect to its Play Store policies.

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CCI gives nod to deal involving Tower Vision India

Thu, May 04, 2023

Fair-trade regulator CCI on Wednesday granted approval for the acquisition of 100 per cent shareholding of Tower Vision India by Ascend Telecom Infrastructure and GIP EM Ascend 2 Pte Ltd.

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NCLAT Directs Google To Comply With CCI Order, Deposit Rs 1,337-C...

Wed, Mar 29, 2023

The NCLAT on Wednesday upheld the order of CCI imposing a penalty of Rs 1,337.76 crore on Google in a case related to abuse of its dominant position in Android. The tech giant has been given 30 days by National Company Law Appellate Tribunal to pay the fine and implement the order.

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NCLAT fine imposed on Google by competition watchdog- upholds Rs...

Wed, Mar 29, 2023

A two-member bench of the National Company Law Appellate Tribunal (NCLAT) directed Google to implement the direction and deposit the amount in 30 days.

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CCI clears proposed investment by Qatar Investment Authority in B...

Thu, Mar 23, 2023

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CCI nod to acquisition of 100% equity share capital of L&T In...

Wed, Mar 15, 2023

The Competition Commission of India (CCI) approved the acquisition of 100 per cent of the equity share capital of L&T Infrastructure Development Projects Limited (L&T IDPL) and Kudgi Transmission Limited (KTL), by Epic Concesiones Private Limited (ECPL) and Infrastructure Yield Plus II (IYP II), respectively.

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Govt invites applications for 17 posts at CCI on deputation basis

Fri, Mar 10, 2023

The government has invited applications for 17 posts, including for Additional Director General and Deputy Director General, at the Competition Commission of India (CCI) on a deputation basis.

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Reviewing SC decision; will cooperate with CCI on way forward, in...

Fri, Jan 20, 2023

With the Supreme Court turning down Google's plea for a stay on the CCI order, the tech giant on Friday said it is reviewing the details of the decision which is limited to interim relief and did not decide the merits of the appeal.

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Google challenges CCI order on Android devices, says it is setbac...

Sat, Dec 24, 2022

The Competition Commission had slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. 

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