Revised combination assessment timelines under competition law soon: MCA
NEW DELHI: The revised timelines proposed in the competition law will help in making the assessment of combinations swift and time-bound as well as provide certainty to businesses, according to the Ministry of Corporate Affairs (MCA). A bill to amend the Competition Act is now being examined by the Parliamentary Standing Committee on Finance. One […]
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 […]
Competition Comm to have regional presence; more streamlined processes: CCI chief
NEW DELHI: As it seeks to become more nimble as well as strengthen its prowess to clamp down on unfair business ways, the Competition Commission of India (CCI) plans to further streamline processes and also have its regional presence. The CCI, which has the mandate to check anti-competitive practices and also encourage fair business ways […]
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 […]
Competition Commission clears RIL’s stake purchase in Den Networks, Hathway
NEW DELHI: The Competition Commission of India (CCI) has given go-ahead to Mukesh Ambani-led Reliance Industries Ltd (RIL) to acquire majority stakes in DEN Networks and Hathway Cable & Datacom for a total of Rs 5,230 crore. RIL earlier said it will acquire 66 per cent stake in DEN Networks for Rs 2,290 crore and […]