Competition Commission

Centre Proposes Exempting Certain M&A Deals From Competition Commission's Approval Requirement

Draft rules to exempt certain categories of combinations from the Competition Commission of India (CCI) approval requirement have been issued by the corporate affairs ministry.

Mar 18, 2024, 22:44 PM IST

Parliamentary panel to summon Google, Twitter, Amazon, big tech firms to discuss their competitive conduct

The next meeting of the panel on the issue is likely to be held on May 12. The issue was discussed in detail by members of the Parliamentary Standing Committee on Finance after a presentation was made before it by the CCI.

Apr 28, 2022, 20:24 PM IST

CCI approves GSK, Pfizer consumer healthcare JV formation

GSK, in December 2018, had said it has reached an agreement with Pfizer to combine their consumer health businesses into a new joint venture (JV) with combined sales of around USD 12.7 billion (around Rs 88,900 crore).

May 24, 2019, 14:45 PM IST

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

The deal would help the insurance behemoth to enter the banking space and would provide business synergies despite the IDBI Bank's stressed balance sheet.

Nov 28, 2018, 10:56 AM IST

Competition Commission clears $16 billion Walmart-Flipkart deal

In May, Walmart announced acquisition of 77 per cent stake of Flipkart in its biggest takeover till date.

Aug 08, 2018, 22:43 PM IST

Google appeals against CCI ruling on unfair biz practices in India

In February, Competition Commission of India (CCI) penalised Google for "infringing anti-trust conduct".

Apr 11, 2018, 13:57 PM IST

CCI penalises Jet Airways, InterGlobe Aviation, SpiceJet for unfair biz practices

The watchdog has imposed a fine of Rs 39.81 crore on Jet Airways while the penalties on InterGlobe Aviation and SpiceJet are Rs 9.45 crore and Rs 5.10 crore, respectively.

Mar 08, 2018, 07:33 AM IST

Oil, gas PSU mergers exempt from CCI approval

Merger and acquisition deals involving public sector oil and gas companies have been exempted from seeking the Competition Commission approval, says a notification.

Nov 23, 2017, 13:58 PM IST

CCI approves Aceville's stake acquisition in Flipkart

The Competition Commission has given its nod to the Aceville's acquisition of stake in e- commerce major Flipkart.

May 23, 2017, 19:48 PM IST

Reliance Infratel gets shareholders' nod for tower unit's merger with Brookfield Infrastructure

The company has already received approval from Competition Commission of India for the proposed scheme of arrangement.

May 02, 2017, 13:25 PM IST

CCI slaps Rs 591 crore penalty on Coal India

Competition Commission on Friday imposed a fine of Rs 591 crore on state-owned Coal India for having discriminatory conditions in fuel supply pacts.

Mar 24, 2017, 19:45 PM IST

CCI okays sale of Reliance Infratel tower unit to Brookfield

The Competition Commission of India has approved the proposed sale of the tower division of Reliance Communications' subsidiary, Reliance Infratel, to Canada-based Brookfield Infrastructure Group.

Mar 23, 2017, 15:49 PM IST

CCI rejects 'predatory pricing' allegations against Ola

Competition Commission has dismissed allegations that ANI Technologies, which runs taxi and auto services under Ola brand, abused its dominant position in the national capital with predatory pricing ways.

Sep 02, 2016, 18:27 PM IST

ArcelorMittal to pay $110 million fine for price fixing in South Africa

Steelmaker ArcelorMittal has agreed to pay a $110-million (88-million-euro) fine for illegal price fixing in South Africa, the country`s competition watchdog announced Monday.

Aug 22, 2016, 19:04 PM IST

CCI rejects Air India's complaint against IndiGo

Air India and IndiGo are among the key domestic airlines.

Feb 20, 2016, 17:20 PM IST

CCI clears Aviva's additional 23% stake buy in Indian joint venture

Aviva Life Insurance Company India Ltd is a joint venture between Aviva and Dabur Invest Corp (DIC).

Nov 24, 2015, 15:23 PM IST

CCI probes alleged cartelisation in airfares

Noting that concerns over sudden rise in airfares are "understandable", Competition Commission on Friday said it is again probing alleged carterlisation in air ticket prices even though earlier probes did not find any evidence in this regard.

Sep 18, 2015, 19:53 PM IST

Future Group-Bharti Retail's Rs 750-crore deal gets CCI nod

Competition Commission has cleared the proposed Rs 750-crore multi-tier merger deal between Future Group and Bharti Retail.

Aug 27, 2015, 16:04 PM IST

CCI not looking at Net neutrality as of now: Member

"We are not concerned about Net neutrality at this point of time as the sectoral regulator is yet to firm up its mind ... But we are keeping a watch on it and will act if it is found to be anti-competitive," Sahoo told reporters here.

Jul 20, 2015, 16:18 PM IST