The corporate affairs ministry's decision to exempt such deals from the ambit of the Competition Commission of India (CCI) comes against the backdrop of the proposed consolidation and stake purchases among state-owned oil and gas companies.
After finding prima facie evidence of violation of competition norms, the regulator has ordered the probe based on a complaint by Gurgaon Institutional Welfare Association, a registered group of individual allottees and purchasers of institutional plots in the city from HUDA.
Applications have been sought from institutions and agencies to be empanelled for conducting studies as well as economic analysis of markets, according to a public notice issued by the regulator.
In a tweet, the Competition Commission of India (CCI) said that it has approved share subscription in ANI Technologies by Copper Technology.
"Arziev announced setting up of a Special Economic Zone in Uzbekistan especially for Indian pharmaceutical companies which are keen to set up manufacturing facilities in Uzbekistan," BRICS CCI said in a statement.
In an order published on its website, the fair trade regulator also said the allegations in this case are "substantially similar" and are connected with the issues in an earlier matter being probed by the CCI's investigation arm and therefore the two cases can be clubbed and "a consolidated investigation report" can be filed.
Points such as stating the volume of buisness affected in India by a cartel or nexus, as well as increasing the ambit of the leniency regulations to include individuals are key facets of the notification.
The informant, who did not wish to be identified, had also complained against the Director General of Foreign Trade (DGFT), which is an attached office of the commerce and industry ministry.
The Competition Commission of India (CCI), in May, received a complaint alleging cartelisation among banks in respect of providing locker services to customers. "The case has been registered... arraigning 20 banks, including RBI, as opposite parties," the minister said.
The deal has won the approval of the Competition Commission of India (CCI) and India's Foreign Investment Promotion Board (FIPB) in the last few months, but some in the government have expressed concerns, the source said, declining to be named.
In a tweet today, the CCI said that it has approved "merger of Azure Hospitality with Akira Marketing, Mama Catering and Claridges Hospitality".
An individual or enterprise that is party to a combination is not required to seek fair trade regulator Competition Commission of India's nod within 30 days of finalising a particular deal.
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.