Competition Commission

Competition Commission News

Prepare for new challenges, protect Indian cos from abuse by global firms: Nirmala Sitharaman tells CCI
Business

Prepare for new challenges, protect Indian cos from abuse by global firms: Nirmala Sitharaman tells CCI

Sitharaman flagged the issue of competition sans frontiers and at times, its adverse impact on Indian consumers

Competition Commission issues probe against Volleyball Federation of India over alleged abuse of dominant position
Sports

Competition Commission issues probe against Volleyball Federation of India over alleged abuse of dominant position

Besides, Volleyball Federation of India being the sole authority for dispute resolution for players, the players have no recourse or remedy in case the VFI decides to impose punishment on them for playing in other leagues which amounts to abuse of dominant position, the complainant alleged

Govt-constituted panel suggests green channel CCI approval for deals under insolvency law
Business

Govt-constituted panel suggests green channel CCI approval for deals under insolvency law

Suggesting substantial changes to competition regulatory framework, a government-constituted high-level panel has recommended a green channel for automatic approval of certain combinations, including those under the insolvency law, by the Competition Commission

CCI drops contempt proceedings against All India Chess Federation; directs it to comply with orders within stipulated timelines
Sports

CCI drops contempt proceedings against All India Chess Federation; directs it to comply with orders within stipulated timelines

Recently, FIDE, the world chess body, had restored the Elo ratings of over 50 Indian chess players, including those who had filed a case with the Competition Commission

Amazon, Walmart's Flipkart unlikely to respond to key queries in Competition Commission's study
Business

Amazon, Walmart's Flipkart unlikely to respond to key queries in Competition Commission's study

Amazon.com Inc and Walmart Inc’s Flipkart are unlikely to fully participate in an Indian antitrust body’s study of the e-commerce sector for fear of revealing trade secrets, two people with direct knowledge of the matter said

L&T gets Competition Commission of India's approval for majority stake acquisition in Mindtree
Business

L&T gets Competition Commission of India's approval for majority stake acquisition in Mindtree

L&T has acquired Cafe Coffee Day-owner V G Siddhartha's 20.32 percent stake in Mindtree and has also placed an order with brokers to pick up another 15 percent shares from the open market.

Competition panel slaps Rs 1 cr-penalty on Godrej & Boyce, officials for cartelisation of dry cell batteries market
Business

Competition panel slaps Rs 1 cr-penalty on Godrej & Boyce, officials for cartelisation of dry cell batteries market

In an order, CCI said that Godrej & Boyce and Panasonic Energy India along with their officials contravened Section 3 of the Companies Act by indulging in cartelisation, and are liable under the Act.

Competition Commission clears Hitachi Payment's 26% stake buy in SBI Payment Services
Business

Competition Commission clears Hitachi Payment's 26% stake buy in SBI Payment Services

The competition watchdog in a tweet on Friday said it "approves the acquisition of 26 percent equity share capital of SBI Payment Services Private Limited by Hitachi Payment Services Private Limited".

TDSAT strikes down TRAI's predatory pricing rule; verdict brings relief for Airtel, Vodafone Idea
Business

TDSAT strikes down TRAI's predatory pricing rule; verdict brings relief for Airtel, Vodafone Idea

TDSAT said that TRAI could not impose financial disincentives and ordered it to rework the predatory pricing rules within six months.

Competition Commission approves LIC's majority stake buy in debt-laden IDBI Bank
Business

Competition Commission approves LIC's majority stake buy in debt-laden IDBI Bank

In a tweet on Tuesday, the fair trade regulator said it has approved "acquisition of up to 51 percent equity share capital in IDBI Bank Ltd by Life Insurance Corporation of India".

Competition Commission of India probes alleged fixing of airfares, looks at algorithms used by airlines
Business

Competition Commission of India probes alleged fixing of airfares, looks at algorithms used by airlines

CCI is investigating allegations of similar pricing as well as a simultaneous increase in ticket prices by the airlines.

Competition Commission of India approves ArcelorMittal's acquisition of debt-ridden Essar Steel
Business

Competition Commission of India approves ArcelorMittal's acquisition of debt-ridden Essar Steel

Earlier this month, ArcelorMittal had offered Rs 42,000 crore to acquire Essar Steel, upstaging a Rs 37,000 crore bid by Russia's VTB Group-backed Numetal.

Ultratech gets Competition Commission of India's nod to acquire cement business of Century Textiles and Industries
Business

Ultratech gets Competition Commission of India's nod to acquire cement business of Century Textiles and Industries

UltraTech had said it would acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal

CCI dismisses complaint against Tamil Nadu Civil Supplies Corp, 2 officials with regard to bidding conditions
Business

CCI dismisses complaint against Tamil Nadu Civil Supplies Corp, 2 officials with regard to bidding conditions

For the case, the CCI considered the markets for procurement of Canadian yellow lentil, palmolein oil and egg for noon meal scheme in India, as relevant ones.

Competition watchdog orders probe against world’s richest cricket board BCCI for 'abuse of dominant position'
Business

Competition watchdog orders probe against world’s richest cricket board BCCI for 'abuse of dominant position'

In a 14-page order, dated 1 June, the CCI said there is "prima-facie" a case of abuse of dominant position by the BCCI which is in violation of competition norms.

Flipkart is yet to finalise the Walmart deal, awaiting resolution of taxing related concerns
News & Analysis

Flipkart is yet to finalise the Walmart deal, awaiting resolution of taxing related concerns

Flipkart’s board had “in-principle” approved engaging with Walmart based on the terms of an offer before them, taxation related concerns and a few other issues need to be resolved.

NCLAT stays Competition Commission's Rs 136 cr penalty on Google in search bias case; hearing on 28 May
Business

NCLAT stays Competition Commission's Rs 136 cr penalty on Google in search bias case; hearing on 28 May

The Competition Commission of India (CCI) in February this year had imposed a fine of Rs 136 crore on search engine major Google for unfair business practices in the Indian market for online search.

CCI fines Jet Airways, InterGlobe Aviation, SpiceJet for unfair business ways
Business

CCI fines Jet Airways, InterGlobe Aviation, SpiceJet for unfair business ways

CCI imposed Rs 39.81 crore fine on Jet Airways while the penalties on InterGlobe Aviation and SpiceJet are Rs 9.45 crore and Rs 5.10 crore, respectively

Competition Commission imposes a fine of Rs 136 crore on Google for unfair business practices in India
News & Analysis

Competition Commission imposes a fine of Rs 136 crore on Google for unfair business practices in India

The penalty amount of Rs 135.86 crore translates to 5 percent of Google's average total revenue generated from India.

GST pricing diktat: Didn't govt indulge in profiteering too by not cutting petroleum prices?
Business

GST pricing diktat: Didn't govt indulge in profiteering too by not cutting petroleum prices?

The charge of profiteering will not stick unless the government promulgates a price control order across the board for all commodities and services which is well nigh impossible