Last week, Bharti Airtel and Telenor India also filed a joint application before National Company Law Tribunal for approval of their merger following nod from the market regulator Sebi and stock exchanges -- BSE and NSE.
"The CCI has intimated the company that it in its meeting held on May 4, 2017, considered the proposed combination and has accorded its approval to the said combination," the company said in a statement.
The Competition Commission has approved three deals, including Jabil India's proposed acquisition of Ericsson India's electronic manufacturing services business.
The government appears to be delivering on its poll promise of merging tribunals. As the inter-ministerial group under the Modi government concluded, a need was felt for streamlining the functioning of tribunals. While all sides agree on the need for reform, the shape and form of the changes proposed in the Finance Act 2017 have resulted in heated debates.
To avoid the recurrence of Unitech like cases, it is important for homebuyer association members to take the lead and act as a bridge to raise funds, in case the builder claims he is bankrupt.
Trai reasons that these key telecom players, are already charging voice calls lower than Rs 14 paise, or the interconnect charge, which is paid by the operator on whose network the call originates to the recipient operator.
Reliance Communications today said it has received approval of the Competition Commission of India (CCI) for the demerger of its wireless division into Aircel Ltd and Dishnet Wireless Ltd.
"The CCI is looking at what surge pricing is and how it works,â€ a government source with knowledge of the matter told News18.
The merger of State Bank of India and its associate banks such as State bank of Travancore is likely to be delayed further as the PSUs are yet to receive approval from the Competition Commission of India (CCI).
Telecom operator Reliance Communications today hoped that the ongoing case against Maxis top officials will not impact the merger of its wireless business with that of Aircel.
The Competition Commission has dismissed allegations of abuse of dominance against Franco-Indian Pharmaceuticals with respect to supply of medicines.
Fair trade regulator CCI has approved the proposed acquisition of EcoEnergy business of IT major Wipro by Chubb Alba Control Systems.
The complaint, filed by rating agency Onicra Credit Rating Agency of India, alleged that the company abused its dominant position by imposing a pre-payment penalty for pre-mature foreclosure of the mortgage loan taken by it.
CCI has ordered an investigation against Ghaziabad Development Authority for alleged abuse of dominant position with regard to sale of a flat under a housing scheme for the economically weaker sections.
"Reliance Infrastructure Ltd-promoted Reliance Aerostructure Ltd's proposed JV with Dassault Aviation has received the CCI clearance," Reliance Infrastructure (RInfra) said in a statement.
Fair trade regulator CCI has approved online travel portal MakeMyTrip's proposed acquisition of rival Ibibo group in an equity deal that would create one of the country's largest online travel firm.
Vodafone Plc said that any merger would be effected through issue of new shares in Idea to Vodafone.
A bench of Justices Dipak Misra and D Y Chandrachud also sought responses from CCI and Meru Cabs on the matter.
Competition Commission has cleared Sony Pictures Networks' proposed purchase of TEN Sports, owned by Zee Entertainment Enterprise.
The heavy industries ministry is chalking out a plan to sell off seven non-operational units of Cement Corporation of India (CCI) in the initial phase as part of strategic sale of the loss-making state-owned firm.
In a tweet, the Competition Commission of India (CCI) said it has approved the "acquisition of the valves and controls business of Pentair Plc by Emerson Electric Co".
The Competition Commission has approved the proposed acquisition of a minority stake in TVS Logistics Services by CDPQ Private Equity Asia Ltd.
Billionaire Mukesh Ambani-led Reliance Jio has told telecom regulator Trai that its latest voice and data offer does not violate any of the existing norms that requires promotional offers to be limited to 90 days.
Competition Commission has dismissed allegations that Japanese auto major Toyota abused its dominant position with regard to sale of a car and alleged deficiency in after-sale services.
Competition Commission has cleared the proposed purchase of 2 per cent stake in handset maker Micromax by Madison India Opportunities Trust Fund (MIOTF) besides three other deals involving different companies.