Invoking leniency provisions, the Competition Commission reduced the quantum of penalties on Eveready, Indo National as well as their officials. The fine has been completely waived off in the case of Panasonic Energy India, which was also involved in anti-competitive practices.
In February, the Competition Commission of India (CCI) imposed a 1.36 billion rupees ($20.95 million) fine on Google, saying it was abusing its dominance in online web search and online search advertising markets.
The CCI, in a tweet today, said it has approved the "acquisition of digital businesses and IT Services of KPIT by Birlasoft".
Amid auto and taxi-hailing apps gaining popularity and attracting more users, there are persisting concerns over possible anti-competitive practices with respect to tariffs charged at different points of time.
RInfra and Adani Transmission had signed a definitive binding agreement for 100 per cent stake sale of the integrated business of generation, transmission and distribution of power for Mumbai in December 2017, RInfra said in a statement.
The two associations are Chemists and Druggists Association of Baroda (CDAB) and Federation of Gujarat State Chemists & Druggists Association.
Issuing a public notice inviting comments from everyone affected or likely to be affected by this merger, the CCI said the submissions must be made within 15 working days.
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.