Competition Commission of India fines Google Rs 1,338 crore for anti-competitive practices
NEW DELHI: The Competition Commission on Thursday imposed a penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in the Android mobile device ecosystem. Besides, the fair trade regulator has directed the internet major to cease and desist from unfair business practices. In a release, the Competition Commission of […]
CCI accuses Amazon of concealing facts in deal for Future Group unit
By Aditya Kalra NEW DELHI: India’s antitrust regulator has accused Amazon.com Inc of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U.S. e-commerce giant seen by Reuters showed. The letter complicates Amazon’s bitter legal battle with Future Group over the […]
CCI approves 7.73% stake buy by Google in Jio Platforms
NEW DELHI: The Competition Commission of India (CCI) on Wednesday said it has approved internet major Google’s proposed purchase of 7.73 per cent stake in Jio Platforms. In July, it was announced that Google has agre ed to invest Rs 33,737 crore to buy a 7.7 per cent stake in the Reliance Industries’ technology venture. […]
CCI approves acquisition of RMZ’s commercial assets portfolio by Brookfield
NEW DELHI: Fair trade regulator Competition Commission of India (CCI) on Tuesday approved the acquisition of realty firm RMZ’s commercial assets portfolio and co-working business by global investment firm Brookfield. According to the information filed with the regulator, the deal involves the acquisition of certain real estate projects housed in RMZ Infotech, RMZ Galleria (India), […]
Competition Commission of India slaps Rs 14 crore fine on Jaiprakash Associates
NEW DELHI: The Competition Commission of India (CCI) has imposed a penalty of nearly Rs 14 crore on Jaiprakash Associates for abusing its dominant market position by imposing “unfair” and “discriminatory” conditions on home buyers. “The Opposite Party (Jaiprakash Associates) perpetrated undesirable industry practices causing substantial harm to the competition and to consumers, ignoring its […]
CCI rejects allegations of price fixing against Ola, Uber
NEW DELHI: The Competition Commission of India (CCI) has rejected allegations of price fixing against app-based taxi service providers Ola and Uber, saying drivers acceding to “algorithmically determined prices” by the platforms did not amount to collusion between them. In a 13-page order, the CCI also dismissed complaints that Ola and Uber were imposing a […]
Flipkart, Amazon not violating competition norms: CCI
NEW DELHI: Fair trade watchdog CCI has concluded that the business practices of Flipkart and Amazon are not in violation of competition norms and rejected allegations of abuse of market dominance made by a grouping of online vendors. Amid concerns expressed in various quarters about alleged unfair business ways in the fast-growing online market place, […]