Tag: CCI

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 […]

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, […]

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