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CCI clears IMCD India's additional stake purchase in Signet Excipients

CCI clears IMCD India's additional stake purchase in Signet Excipients

Tue, Jan 09, 2024

Signet Excipients is engaged in the business of sales, marketing, distributing, importing, or exporting of excipients used for pharmaceuticals, food, API products, and other related products for pharmaceutical formulation.

Apple, Google being probed for alleged unfair business practices: CCI chief Ravneet Kaur

Apple, Google being probed for alleged unfair business practices: CCI chief Ravneet Kaur

Wed, Oct 11, 2023

Earlier, the regulator had passed orders against Google in cases related to the Android system and PlayStore.

NCLAT set aside CCI order imposing penalty on 18 sugar mills, 2 trade associations

NCLAT set aside CCI order imposing penalty on 18 sugar mills, 2 trade associations

Tue, Oct 10, 2023

The appellate tribunal said the order passed by the fair trade regulator Competition Commission of India "suffers from illegality" and "does not comply with the requirement of adherence to the principle of natural justice".

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Walmart India, Flipkart top executives meet CCI; apprise of biz activities

Walmart India, Flipkart top executives meet CCI; apprise of biz activities

Wed, May 23, 2018

Top executives of Walmart India and Flipkart today met fair trade regulator CCI to explain their activities in the country, days after submitting an application seeking approval for their USD 16-billion mega merger deal.

CCI clears Bayer's deal for Monsanto

CCI clears Bayer's deal for Monsanto

Tue, May 22, 2018

Competition Commission of India (CCI) has approved the acquisition of U.S. seed major Monsanto Co by Bayer AG, in a decision that moves the $62.5 billion deal a step closer to the finish line. German conglomerate Bayer is preparing to close the takeover this quarter, giving it control of more than 25 percent of the world`s seed and pesticides market.

CCI approves JSW-led consortium bid to acquire Monnet Ispat

CCI approves JSW-led consortium bid to acquire Monnet Ispat

Sat, May 12, 2018

The committee of creditors (CoC) of Monnet Ispat and Energy, which is undergoing insolvency proceedings, had on April 12 approved the resolution plan submitted by the only bidder Sajjan Jindal's JSW Steel along with AION Capital

No cartelisation among banks in fixing savings bank rates, says CCI

No cartelisation among banks in fixing savings bank rates, says CCI

Tue, Apr 24, 2018

The fair trade watchdog Competition Commission of India (CCI) examined the parallel behaviour of banks in offering similar savings bank interest rates (SBIRs) and levying similar service charges on a suo motu basis. It also looked at the role, if any, played by the Indian Banks' Association (IBA) in determining these rates and charges

Flipkart-Amazon combine may face scrutiny for competition aspects

Flipkart-Amazon combine may face scrutiny for competition aspects

Sun, Apr 08, 2018

While there is no formal announcement from any quarter on the possible multi-billion dollar deal, reports indicate that discussions involving Flipkart and Amazon are going on. Engaged in intense competition, home-grown Flipkart and Amazon India are leading players in the Indian online retail market place . Deals beyond a certain threshold require the approval of Competition Commission of India (CCI) before they are consummated

CCI clears UltraTech's acquisition of Binani Cement

CCI clears UltraTech's acquisition of Binani Cement

Wed, Mar 28, 2018

The Competition Commission of India (CCI) in a tweet today said it has not found any "appreciable adverse effect on competition (AAEC) in respect of UltraTech Cement's proposed acquisition of 100 per cent shares of Binani Cement." Binani Industries Ltd (BIL) -- the promoter firm of BCL -- had approached UltraTech for arranging funds to pay off the lenders.

Honda Motorcycle faces crackdown in India, here is why

Honda Motorcycle faces crackdown in India, here is why

Thu, Mar 15, 2018

After finding prima-facie evidence of competition norm violations, the watchdog has decided to carry out a detailed probe against Honda Motorcycle and Scooter India (HMSI).

Competition Commission slaps Rs 52-cr penalty on BCCI

Wed, Nov 29, 2017

In its 44-page order, the Competition Commission of India (CCI) said the penalty of Rs 52.24 crore comes to nearly 4.48 per cent of the average of the BCCI's relevant turnover during the last three financial years.

CCI clears GIC's Rs 9,000 crore deal with DLF's rental arm

CCI clears GIC's Rs 9,000 crore deal with DLF's rental arm

Sat, Nov 04, 2017

The Competition Commission has approved Singapore's sovereign wealth fund GIC's plan to acquire 33 per cent stake in DLF Cyber City Developers for Rs 8,900 crore.

Consumer confidence in India drops in Apr-Jun: Nielsen

Consumer confidence in India drops in Apr-Jun: Nielsen

Mon, Aug 21, 2017

Consumer confidence in India declined in the second quarter of this year amid concerns regarding job security and lower optimism on employment prospects, says market insight firm Nielsen.

Idea-Vodafone merger gets go-ahead from Sebi, exchanges

Idea-Vodafone merger gets go-ahead from Sebi, exchanges

Mon, Aug 07, 2017

The go-head from Sebi and the exchanges will allow the the $23 billion merger deal between Idea Cellular and Vodafone India to go ahead.

Idea Cellular hopes to complete merger with Vodafone India by 2018

Idea Cellular hopes to complete merger with Vodafone India by 2018

Tue, Jul 25, 2017

In May, Idea Cellular and Vodafone India had approached CCI regarding the proposed merger and were awaiting the fair trade regulator's nod in this regard.

Competition Commission of India approves Idea Cellular-Vodafone India merger plans, report says

Competition Commission of India approves Idea Cellular-Vodafone India merger plans, report says

Mon, Jul 24, 2017

In March, Aditya Birla Group's telecom arm, Idea Cellular had informed the regulatory bodies that its board of directors have approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services with itself.

CCI approves SoftBank's 20% stake acquisition in Paytm's parent One97 Communications

CCI approves SoftBank's 20% stake acquisition in Paytm's parent One97 Communications

Tue, Jul 18, 2017

CCI has approved stake acquisition by SoftBank in Paytm's parent company - One97 Communications.

Competition Commission slaps Rs 87 crore penalty on Hyundai for anti-competitive conduct

Competition Commission slaps Rs 87 crore penalty on Hyundai for anti-competitive conduct

Wed, Jun 14, 2017

Key highlights:

CCI approves Aceville's stake acquisition in Flipkart

CCI approves Aceville's stake acquisition in Flipkart

Tue, May 23, 2017

The Competition Commission of India (CCI) has said on Twitter on Tuesday that it has approved Singapore-based private investment holding company Aceville's acquisition of up to 6.02% stake in Flipkart.

Jio case: CCI seeks probe report on telcos in 2 months

Jio case: CCI seeks probe report on telcos in 2 months

Tue, May 16, 2017

The Competition Commission has directed its investigation arm to complete, in 60 days, the probe against incumbent operators and the industry association for colluding to deny network connectivity to newcomer Reliance Jio.

Accused of cartelisation, CCI sends notice to Airtel, Vodafone, Jio, Idea

Accused of cartelisation, CCI sends notice to Airtel, Vodafone, Jio, Idea

Thu, Jan 19, 2017

CCI has sought clarification from these telecom companies by Friday January 20, 2017

Ashok Chawla takes over as non-executive chairman of Yes Bank

Ashok Chawla takes over as non-executive chairman of Yes Bank

Sun, Oct 30, 2016

Former finance secretary and Competition Commission of India (CCI) chairman Ashok Chawla has taken charge as non-executive chairman of Yes Bank from Sunday.

DLF fully exits cinema biz; sells 7 screens to Cinepolis India for Rs 64 crore

DLF fully exits cinema biz; sells 7 screens to Cinepolis India for Rs 64 crore

Fri, Sep 02, 2016

Realty major DLF on Friday announced the sale of its remaining seven screens of DT Cinemas in the national capital to Cinepolis India for nearly Rs 64 crore, thereby exiting the cinema exhibition business.

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