Currently, all consumer complaints of companies not passing on GST rate cut benefits are investigated by the Directorate General of Anti-profiteering (DGAP), which then submits its report to the NAA.
Under the green route, a deal which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on it being intimated to the competition watchdog.
Without the merger, HDFC had “disadvantages of being an NBFC and no advantage of a bank,” Parekh said
India needs to follow the European example and better regulate the digital space accessed by its residents. The issue is how effectively this can be done with as light a touch as possible
In a set of diktats, India's antitrust watchdog has prised open Google's playbook of preserving Android’s 96 percent market share in India's 600-million strong smartphone market.
CCI had imposed a penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in the Android Mobile device ecosystem, apart from issuing a cease and desist order
"The CCI order gives a window of opportunity for Indian app developers. But Google has still not provided a level playing field to players like us. We will continue fighting this battle," says Deshmukh.
A fine of Rs 223.48 crore has been slapped on Make My Trip-Goibibo (MMT-Go) and Rs 168.88 crore on OYO, according to a 131-page order.
The Competition Commission must be more proactive in using its powers in areas which are posing some questions of fair competition, the minister added.
Prosus announced the termination of the deal yesterday. The news came after the acquisition received a go-ahead from the Competition Commission of India on September 5.
The deal covers port assets in Gujarat, Andhra Pradesh and Odisha as well as two power plants at Hazira and an electricity transmission line.
The potential penalty by India’s fair trade regulator could be steep. The CCI investigation is the first such action against exorbitant prices of medicines and services fixed by hospitals, which have operated free of regulation so far.
India is quickly becoming one of the largest and fastest-growing digital economies, thus any market distortions must be quickly fixed, according to Ashok Kumar Gupta, chairman of the Competition Commission of India.
The watchdog's order has come on a complaint filed against the proposed merger that would create the country's largest multiplex chain with a network of more than 1,500 screens.
The concessions are a bid to iron out antitrust worries of the Competition Commission of India (CCI), which in an August 3 notice warned the companies of further scrutiny
What the CCI does has assumed great significance amid rapid growth of technology and e-commerce domains as well as increasing mergers and acquisitions (M&As) across industries.
On description and calculation of fares, CCI has recommended that companies publish the break-up of total fare so as to appropriately reflect the surge component in the invoice generated on the App and sent to the riders and drivers.
In June, NCLAT had agreed with CCI finding that Amazon did not disclose its strategic interest in the Future group companies. The antitrust body had had in December 2021 kept its approval for the deal in abeyance
The trailer owners in the southern city had set a cap of 20 trailers that each container freight station could own and operate and also forced them to pay unsustainable freight rates
The CCI noted that a cease and desist order would subserve the ends of justice in the case.
The setback faced by Amazon is also likely to act as a cautionary tale for others who are likely to seek CCI approval in line with regulatory compliance, legal experts believe.
NCLAT has also upheld the penalty of Rs 200 crore imposed on Amazon and has directed the e-commerce giant to pay it within 45 days from today.
Cloudtail questioned raids on its premises on the ground that it is not named as a party in the probe order. CCI said Cloudtail's status as an alleged preferred seller on Amazon is being probed.