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The Latest Breaking News from The Competition Commission of India

Tata Steel gets CCI nod to acquire additional 23% stake in TM International Logistics

The Competition Commission of India has approved Tata Steel’s acquisition of an additional 23% stake in TM International Logistics from IQ Martrade. The transaction will raise Tata Steel’s holding to 74%, making it the majority shareholder, while NYK Europe will retain 26%. IQ Martrade will exit the joint venture.

The Economic Times

SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries

The Supreme Court upheld an NCLAT order concerning Grasim Industries. This decision set aside a significant penalty previously imposed by the CCI. The fair trade regulator must now rehear the Aditya Birla Group firm's case. The NCLAT found that Grasim was not given a proper opportunity to present arguments. The…

The Economic Times

What's in a name? Publicis challenges India antitrust probe over brand-versus-entity jumble

France's Publicis has filed a court challenge against India's antitrust regulator. The company argues the Competition Commission of India wrongly named its global brand. This dispute has effectively delayed the antitrust investigation into advertising rates and discounts. The broader case could reshape how advertising is priced and sold in India.…

The Economic Times

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CCI avoiding suo motu probes to prevent conflict of interest

The Competition Commission of India avoids initiating suo motu cases due to potential conflicts. This regulator now exercises restraint in sectors with existing sectoral regulators. The commission has disposed of 1,237 out of 1,375 anti-trust cases received. A settlement amount of Rs 20.24 crore was imposed in the Android Smart…

The Economic Times

Curb risk of competition law violations being internalised as cost of doing biz: Parliament panel to CCI

A parliamentary panel recommends vigorous enforcement of penalty guidelines by the Competition Commission of India. These guidelines aim to deter repeated competition law violations by corporate entities. The panel stressed that such violations risk becoming a mere cost of doing business. Regular reviews of the competitive law framework are also…

The Economic Times

CCI anti-trust probe: IndiGo proposes steps to address competition concerns during large-scale disruptions

IndiGo has proposed crisis management measures to the Competition Commission of India. The airline will establish a dedicated grievance redressal mechanism and a crisis management group. It will also temporarily hand over flight slots during large disruptions. These commitments aim to address anti-competitive concerns raised by the CCI. The investigation…

The Economic Times

CCI junks complaint against Reliance Jio Infocom, others

The Competition Commission of India (CCI) has dismissed a complaint against Reliance Jio Infocom Ltd and over 4,500 companies, citing a lack of evidence to support allegations of anti-competitive conduct. The complainant accused firms across telecom, logistics, GeM procurement, energy, FMCG, and healthcare of cartelisation and abuse of dominance.

The Economic Times

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Apple Says India's Antitrust Case Was Built by 'Copying' Competitors' Complaints

Apple has sharply escalated its legal fight with India's antitrust regulator, accusing investigators of "copy-pasting" allegations made by rival companies rather than conducting an independent investigation into the iPhone maker's App Store practices.

International Business Times

Apple accuses CCI investigators of 'copy-pasting' rivals' claims in antitrust investigation

Apple has accused Indian antitrust investigators of merely copying rivals' claims without independent analysis in its competition law probe. The tech giant argues the findings are flawed and calls for them to be quashed, citing a lack of opportunity to present its case. This marks a significant escalation in Apple's…

The Economic Times

CCI clears Honda's proposal to acquire additional 21% stake in Astemo

Japan's Honda Motor Co. has received a green light from the Competition Commission of India (CCI) to acquire an additional 21% stake in automotive components maker Astemo from Hitachi. This move will transform Astemo into a consolidated subsidiary of Honda. The deal, announced last December, will see Honda's ownership increase…

The Economic Times

Competition watchdog flags treatment pricing issues at private hospitals in Delhi-NCR

The Competition Commission of India observed that patients in Delhi-NCR super-speciality hospitals often depend on in-house services, creating a "locked-in" effect. While diagnostic tests were found costlier than market averages, proceedings against Sir Ganga Ram Hospital were closed due to insufficient evidence of abusing a dominant position.

The Economic Times

CAG calls for use of data, tech to detect unfair practices in govt tenders

India should use data and technology to detect corruption and unfair practices in government tenders, with stronger coordination between the Comptroller and Auditor General of India and Competition Commission of India to identify collusion and protect public funds, Comptroller and Auditor General of India K. Sanjay Murthy said on Wednesday.

The Economic Times

Unacademy’s test prep CEO Sumit Jain quits ahead of upGrad acquisition

Sumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 2020, will continue as an advisor. His departure follows the companies filing for merger approval with the Competition Commission of India.

The Economic Times

Apple seeks relief from amended Competition Act; Delhi High Court pauses CCI final order

The Delhi High Court has directed the Competition Commission of India to hold off on issuing a final order against Apple until July 15. This comes as Apple challenges a new law allowing penalties based on global turnover. The court wants to avoid making Apple's petition irrelevant before its own…

The Economic Times

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Tom’s Hardware

Intel fined $3 million by India’s antitrust regulator over discriminatory CPU warranty policy — says Intel abused its dominant position in the boxed processor market.

Following a complaint filed in 2016, the Competition Commission of India concluded that Intel’s India-only warranty rules were discriminatory compared to policies in other countries.

Newslaundry

CCI nod to Reliance-Disney merger

The Competition Commission of India has approved the Rs 70,350-crore Reliance-Disney merger.

The Times of India

Competition Commission of India flags cricket rights concerns with Disney-Reliance $8.5 billion merger

The Competition Commission of India (CCI) has made a preliminary determination that the proposed $8.5 billion merger between Reliance and Walt Disney's media assets in India could adversely affect competition, according to four sources who spoke to Reuters. The main concern revolves around the combined entity's control over cricket broadcasting…

The Hindu

The Competition Commission’s proposed regulations on merger thresholds | Explained

The Competition Commission of India has brought in new regulations pertaining to thresholds of mergers and acquisitions. We take a look.

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Asharq Al-Awsat

Google Scores Partial Victory in Android Antitrust Case in India

An Indian tribunal on Wednesday gave partial relief to Alphabet Inc's Google by setting aside four of 10 antitrust directives in a case related to abuse of its dominant position in Android. The Competition Commission of India (CCI) said in October that Google had exploited its dominant position in Android…

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