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40 Results Found
  • Adani Ports gets CCI approval for acquisition of 10.4% stake in Gangavaram Port Sep 20, 2021 06:44 PM IST

    Adani Ports gets CCI approval for acquisition of 10.4% stake in Gangavaram Port

    The CCI nod comes a month after Adani Ports received the approval from Andhra Pradesh government to acquire the stakes in Gangavaram Port.

  • It’s time for the anti-profiteering sword hanging over companies to go Sep 16, 2021 01:42 PM IST

    It’s time for the anti-profiteering sword hanging over companies to go

    Free market forces are better at determining if tax savings will be passed on to consumers or retained in the business. The CCI anyway exists to curb monopolies

  • Carlyle's proposed Rs 4,000 crore investment in PNB Housing gets CCI approval: Report Aug 04, 2021 05:13 PM IST

    Carlyle's proposed Rs 4,000 crore investment in PNB Housing gets CCI approval: Report

    After reports of CCI's approval to Carlyle-PNBHFL deal emerged, the shares of PNB Housing surged by 4.99 percent at the National Stock Exchange.

  • Amazon, Flipkart face risk of being legally exposed in India Jun 17, 2021 05:51 PM IST

    Amazon, Flipkart face risk of being legally exposed in India

    Flipkart and Amazon India need to undergo complex structuring and restructuring to align themselves with the e-commerce policies in India. Against this backdrop, the CCI investigation could even screen such restructuring measures 

  • CCI approves Bank of India's acquisition of 49% stake each in BOI AXA Investment Managers, BOI AXA Trustee Services Feb 10, 2021 06:25 PM IST

    CCI approves Bank of India's acquisition of 49% stake each in BOI AXA Investment Managers, BOI AXA Trustee Services

    Prior to the transaction, Bank of India held 51 percent equity shares each in BAIM and BATS. The approval of the acquisition turns both the entities into wholly owned subsidiaries of the state-run lender.

  • CCI approves Flipkart's acquisition of 7.8% stake in Aditya Birla Fashion Jan 20, 2021 07:59 PM IST

    CCI approves Flipkart's acquisition of 7.8% stake in Aditya Birla Fashion

    Flipkart and Aditya Birla Fashion had announced the agreement in October last year.

  • CCI scrutiny is a bad omen for cement companies, but charges have to stick Dec 11, 2020 08:43 AM IST

    CCI scrutiny is a bad omen for cement companies, but charges have to stick

    While cement prices post COVID-19 have been firm, future price hikes may be deferred fearing regulatory action

  • E-commerce | CCI study hints at a policy that bars differential discounts Jan 09, 2020 09:08 AM IST

    E-commerce | CCI study hints at a policy that bars differential discounts

    Competition Commission study on e-commerce outlines the regulator’s plans for enforcements and advocacy, hinting at possibilities to examine certain issues on case-to-case basis

  • Hoping for positive nod on HDFC-Max Life merger soon: Amitabh Chaudhry Mar 28, 2017 02:49 PM IST

    Hoping for positive nod on HDFC-Max Life merger soon: Amitabh Chaudhry

    We are hopeful that the approval will come through. Let us see how much time it takes. We are hoping the next 30 days we should have an answer either way, Amitabh Chaudhry of HDFC Life.

  • CCI approves Corona Remedies-GlaxoSmithKline deal Mar 07, 2017 09:56 PM IST

    CCI approves Corona Remedies-GlaxoSmithKline deal

    Dilo-BM, Dilo-DX, Stelbid and Vitneurin brands of GlaxoSmithKline would be acquired by Corona Remedies along with trademark and goodwill.

  • Airfare surge: Govt says no violation detected Feb 07, 2017 07:32 PM IST

    Airfare surge: Govt says no violation detected

    Amid concerns over sudden spike in airfares in some sectors, Government today said in the Rajya Sabha that there has been no anti-competitive or predatory pricing behaviour by the airlines.

  • CCI approves Nomura's 35 pc stake sale in LIC Nomura MF Apr 07, 2016 05:36 PM IST

    CCI approves Nomura's 35 pc stake sale in LIC Nomura MF

    Under the deal, Nomura Asset Management Strategic Investments PTE will sell its stake in LIC Nomura Mutual Fund AMC and LIC Nomura Mutual Fund Trustee Company.

  • Martin Kriegner to head LafargeHolcim in India Feb 11, 2016 09:12 AM IST

    Martin Kriegner to head LafargeHolcim in India

    "Martin Kriegner, currently Area Manager, Central Europe, will be appointed Head of India, effective March 1, 2016. He will report to Eric Olsen, Group CEO, and succeed Bernard Terver who has decided to retire," LafargeHolcim said in a statement.

  • LafargeHolcim considers revised divestment plan in India Feb 04, 2016 12:42 PM IST

    LafargeHolcim considers revised divestment plan in India

    "LafargeHolcim today announced that it is considering a divestment of its interest in Lafarge India with an annual cement capacity of around 11 million tonnes," it said.

  • CCI rejects dominant position charges against Uber Dec 30, 2015 09:08 AM IST

    CCI rejects dominant position charges against Uber

    Fair trade regulator CCI's order follows a probe into complaints filed by Meru Travel Solutions Pvt Ltd against Uber India and two of its group firms, including the Netherlands-based Uber BV, alleging violation of competition laws.

  • CCI approves Aditya Birla Chemicals' merger with Grasim Ind Sep 09, 2015 07:49 PM IST

    CCI approves Aditya Birla Chemicals' merger with Grasim Ind

    In February this year, Aditya Birla Chemicals and Grasim Industries had announced their merger to consolidate similar businesses of the group under one roof.

  • Regulators not into 'popularity contest', says CCI chief Aug 17, 2015 08:44 AM IST

    Regulators not into 'popularity contest', says CCI chief

    The Competition Commission of India (CCI), which has passed many significant rulings in recent times, has faced criticism from various quarters including concerns of alleged regulatory overreach.

  • Max India`s Corporate Restructuring Plan Receives Formal Shareholder Approval Aug 06, 2015 04:25 PM IST

    Max India`s Corporate Restructuring Plan Receives Formal Shareholder Approval

    Max India shareholders support the demerger with an overwhelming majority of ...

  • Zuari group firming up plans to consolidate MCFL stake Apr 12, 2015 03:25 PM IST

    Zuari group firming up plans to consolidate MCFL stake

    According to an official at Zuari group, various options would be weighed to hike stake in MCFL if the proposed revised open offer for acquiring additional 36.56 percent stake does not fully materialise.

  • Zuari's open offer in 12 days to acquire stake in MCFL Apr 01, 2015 07:19 PM IST

    Zuari's open offer in 12 days to acquire stake in MCFL

    On Tuesday, fair trade watchdog Competition Commission of India (CCI) had approved Zuari's open offer to acquire up to 36.56 percent stake in Mangalore Chemicals and Fertilizers Ltd (MCFL) for Rs 398.2 crore.

  • CCI dismisses complaint against Suzuki Motorcycle Mar 27, 2015 03:14 PM IST

    CCI dismisses complaint against Suzuki Motorcycle

    In a recent order, the Competition Commission of India (CCI) said that "no prima facie case of contravention of the provisions of...the (Competition) Act is made out against the opposite party (Suzuki Motorcycle) in the instant matter.

  • CCI approves merger of Shasun Pharma with Strides Arcolab Mar 24, 2015 08:35 AM IST

    CCI approves merger of Shasun Pharma with Strides Arcolab

    The combination of Strides and Shasun would create a company with a turnover of Rs 2,500 crore, placing the combined entity among the top 15 listed drug makersCCI gives green signal to merger of Shasun Pharma with Strides

  • Ranbaxy merger: Sun Pharma readies new leadership team Mar 12, 2015 02:34 PM IST

    Ranbaxy merger: Sun Pharma readies new leadership team

    While the leadership team is comprised mainly from the representatives of Sun Pharma, it also has executives from Ranbaxy, drawing upon expertise, experience and contribution of the chosen leaders from both the organisations.

  • JSW Energy-Jaiprakash hydro power deal gets CCI nod Feb 06, 2015 07:15 PM IST

    JSW Energy-Jaiprakash hydro power deal gets CCI nod

    Further, JSW Energy would acquire 100 percent stake in Himachal Baspa from Jaiprakash Power and Jaypee Group Employees Welfare Trust.

  • CCI packs punch for fairness; slaps Rs 2,700 cr fine in'14 Dec 23, 2014 03:56 PM IST

    CCI packs punch for fairness; slaps Rs 2,700 cr fine in'14

    The year passing-by also saw the regulator using its rarely-used powers -- ranging from a forced public scrutiny of mega deals that raise anti-competition concerns to fines on top executives and other individuals for violations of fair trade norms.

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