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INSCO had proposed to acquire 100 per cent of HNG's fresh equity, with a 5 per cent minority stake. The filing was made through the green channel route and was deemed approved on submission.
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CBDT ends tax rebate on settlement fee paid by companies for violation of CCI and SEBI rules. The settlement amount will now be taxed at 25.17% for corporates, say experts
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The allegation of refusal to deal and exclusive supply under Section 3(4) was not substantiated, the release said.
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Japan's Dentsu was at least one firm that has applied for the scheme, one of the people said. Dentsu declined to comment
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In simple terms, price-fixing occurs when multiple companies collude to set prices at an agreed level, rather than allowing the market to determine them through competition.
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Reuters had earlier reported that the anti-trust body is conducting multiple raids at the offices of the above-mentioned ad giants and a broadcaster’s industry body for alleged price collusion
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"Offices of Publicis were also raided in the similar matter. The CCI is trying to crackdown on cartelization of fixing ad prices and discounts," a source said.
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Informants complained to CCI that large ad firms were getting special treatment from broadcasters
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The raids were being carried out in Mumbai, New Delhi and Gurugram, said the report
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A recent European Court of Justice’s decision tightened the screws on price parity clauses on the ground that they can inhibit competition. India’s Competition Commission is also increasingly veering around to the view that these clauses could adversely affect both consumers and new market entrants. Platforms may have to tweak their business model to accommodate the emerging regulatory stance
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The Commission held that OCDs bought by Goldman in Biocon Biologics, translating to a 3.8% stake, were not a passive investment due to special information rights.
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Last month, Supreme Court delivered a judgement, quashing AGI Greenpac’s resolution plan for Hindusthan National Glass for failing to obtain prior approval from CCI, as mandated under IBC Act and Competition Act, 2002
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With manufacturers now opening a direct channel to potential customers, they have a dual role in relation to their traditional distributors. The roles are both complementary and competitive. With the Competition Commission using the European approach as a touchstone, emerging dual distribution models need to be carefully structured to avoid regulatory hassles
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The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match.
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The Aditya Birla Group-owned cement maker told the CCI that the proposed deal won't have any adverse impact on competition.
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Vodafone Shared Operations Ltd (VSOL) is engaged in the provision of shared services to the Vodafone Group and its network of partner telecommunications companies. VSOL is a part of Vodafone Group Plc.
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Data and a July order of CCI which reversed an earlier decision indicates a shift in the standard of proof required in order to establish a contravention. Preponderance of probabilities may no longer be sufficient
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The findings may lead to fines of thousands of crores of rupees as well as restraining orders once the probe, which is in final stages, is completed
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CCI has commissioned a study to understand its impact, which must focus on the competition issues arising out of the proliferation of AI foundation models and leave the ethical and data dimensions to other regulators
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The draft amendments are designed to incorporate changes from the Competition Amendment Act of 2023
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In an order dated March 20, CCI stated that the app makers have not been able to demonstrate a case for the grant of interim relief over completely restraining Google from collecting its fees.
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CCI introduced the requirement to disclose parallel proceedings to dissuade entities from lodging complaints on a matter already being investigated by other regulators, say legal experts
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CCI has ordered the Director General to conduct an investigation, complete it and file a report regarding the same in 60 days.
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Experts said that more clarity is required when it comes to providing exemptions to firms from the provisions of the draft Digital Competition Bill
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The draft Digital Competition Bill, which was released for public consultation on March 12, proposes further compliance obligations on large technology corporations
