"The whole process will take about six to nine months to start operating," said V Vaidyanathan, the executive chairman of Capital First here.
The ruling has come on a complaint filed back in 2013 wherein it was alleged that there was cartelisation in tenders related to coal liasoning works for various thermal plants floated by Mahagenco.
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 Competition Commission has given the nod to private equity major Warburg Pincus' entity buying 49 percent stake in Tata Technologies Ltd (TTL).
The company is awaiting approval from the Competition Commission of India (CCI) for agreements entered into with Reliance Communications (RCom) and its subsidiary Reliance Telecom Ltd (RTL).
The joint venture business would be carried out through MASPL, according to the notice.
The CCI powers to levy fines might be limited and could impact the pending cases with the Supreme Court and the Competition Appellate Tribunal (COMPAT).
As global drug makers are exiting low priority brands, their Indian counterparts are lapping up the opportunity buying established products at perhaps low valuations.
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.
Providing clarity on regulatory requirements, the government today said all forms of M&A deals falling within the stipulated threshold limits for turnover and assets will not require CCI approval.
The Competition Commission has given its nod to global investment firm Blackstone's proposed acquisition of stakes in K Raheja Corp Group entities that are into real estate activities.
"This is a great victory for our farmers, for citizens of India, as now the CCI has stopped the poison makers - Monsanto and Bayer from merging in India.
Competition Commission today slapped a fine of Rs 591 crore on state-owned Coal India for having unfair conditions in fuel supply agreements.
"The Competition Commission of India (CCI) has approved the proposed transaction involving the sale of the tower division of Reliance Infratel Limited, a subsidiary of Reliance Communications Ltd., which is to be carried out pursuant to a demerger of the tower division to Towercom Infrastructure Private Limited (Towerco)," Reliance Communications said in a statement.
"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 new merged entity will be named as Dish TV Videocon, wherein the billionaire Subhash Chandra's Essel Group will own 55.4 percent and the rest is held by Dhoot brothers-owned Videocon.
CCI Chairman D K Sikri today said the regulator is assessing policies, laws and regulations relating to different sectors of the Indian economy from competition perspective.
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).
The Supreme Court today fixed March 1 for hearing a plea filed by Uber challenging an appellate tribunal's order directing the CCI's Director General to probe allegations of predatory pricing alleged by Meru Cabs.
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.
The run-up in share price of Idea Cellular seems to be a knee-jerk reaction given the fact that the merger, as per Vodafone, will be effected through issue of new shares in Idea to Vodafone. While details of the number of new shares are not available, it would in any case result in swelling Idea Cellular‘s equity base.
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.
The Competition Commission of India's penalty of Rs 206 crore on seven cement companies is likely to shave off "under 2 percent of operating profits" of the players, India Ratings and Research (Ind-Ra) said today.