The breach is seen as a violation of confidentiality protocols, with potential implications for the credibility and timeline of the final order.
The investigation process has concluded but CCI's senior members are yet to review the findings and pass a final ruling
Kaur also said the commission’s role is to provide a 'level-playing field' in the Indian market
The Competition Commission of India (CCI) had last week notified new rules which allowed negotiated settlements in antitrust cases and accepted commitments from businesses for change in their behaviour in order to avoid an investigation
The veteran banker said concentration of business power can give results in the short run but poses a risk in the long run.
The CCI observed that the allegations were made only by the complainants and their claims were not borne out by the testimony of other dealerships across the country.
To a query in the Rajya Sabha on whether the government is aware of the fact that anti-competitive practices are indulged by big tech companies like Amazon, Flipkart, Google, Meta, Twitter, Apple, Facebook, Twitter and Google etc in the country, Union Minister Nirmala Sitharaman replied in the affirmative.
The acquiring entity has been set up to serve as a strategic/investment holding company for the port terminal business of HLAG.
The proposed combination involves LIC Mutual Fund Asset Management Ltd (LIC AMC) acquiring the rights to manage and administer the schemes of IDBI Mutual Fund (IDBI MF) from IDBI Asset Management Ltd (IDBI AMC), according to an official release.
The Competition Commission of India, which has imposed million dollar penalties on Alphabet Inc.’s Google to Amazon.com Inc., is functioning with just two members — half the sanctioned strength and one short of quorum.
In its 166-page order, the tribunal has remanded back all cases for review to CCI and also directed the regulator to pass a fresh order "after hearing the parties".
Besides, the fair trade regulator has directed the internet major to cease and desist from unfair business practices.
Since these entities are Micro, Small and Medium Enterprises (MSMEs), the regulator decided not to impose any penalties considering the current situation of the sector.
The case will be clubbed with two other ongoing matters against the search engine major where the allegations are substantially same, according to the Competition Commission of India (CCI).
The Competition Commission must be more proactive in using its powers in areas which are posing some questions of fair competition, the minister added.
Under the deal worth Rs 12,325 crore, announced on March 30, Axis Bank would take over Citi’s credit cards, personal loans and wealth management businesses that are focused on the affluent segment.
The recommendations of a review panel must be implemented quickly for ensuring competitive markets
The Competition Commission of India is going that extra mile. CCI’s recent order on Maruti Suzuki shows that it’s now willing to look beyond agreements and into the actual conduct of companies
The government last October invited bids from central public sector enterprises (CPSEs) for buying out entire 100 per cent stake in HSCC, along with management control.
An independent regulator and a pact between the Payments Regulation Board and the Competition Commission will go a long way in achieving the overarching policy goal of promoting competition and innovation in the payments space.
The fine was imposed by the CCI in June 2012 for reportedly violating provisions of the Competition Act 2002, and was stayed by the Competition Appellate Tribunal (compat) in 2013
Competition Commission of India (CCI) Chairperson D K Sikri told PTI that the regulator is looking at how algorithms function when it comes to pricing of air tickets in order to check for possible cartelisation.
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.
Apart from directing the BCCI to "cease and desist" from unfair practices, the fair trade regulator asked it not to place blanket restriction on organisation of professional domestic cricket league by non-members.
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.