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The Latest Breaking News from CCI

Sony-Zee merger can hurt competition, more scrutiny needed, says Competition Commission of India

With 92 Zee channels in India and Sony’s global revenue of $86 billion, CCI said the deal would place the combined entity in a ‘strong position’

The Hindu

Competition watchdog may get in the way of proposed Zee-Sony merger

The Competition Commission of India has sent a notice to Sony and Zee networks over the possibility of their proposed India merger hurting competition through “unparalleled bargaining power”, according to a Reuters report.

Newslaundry

Buy These 2 Diversified REITs Before They Boom

Amid heightened market uncertainty, Real Estate Investment Trusts (REITs) have been gaining investors’ attention because of their resilience. They are considered safe investments in uncertain times, as they need to pay at least 90% of their taxable income as dividends. Also, REITs provide natural protection against inflation. Thus, it could…

StockNews.com

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HC imposes ₹10 lakh cost on Intel for hastily rushing to court against investigation ordered by competition watchdog

CCI had in 2019 ordered investigation on company’s ‘India-specific warranty policy’ for boxed microprocessors

The Hindu

Delhi High Court rejects WhatsApp, Facebook appeals against CCI probe

The Bench tells them to approach Competition Commission of India for any relief.

The Hindu

Andhra Pradesh: WD&CW, CWC, CCI officials pulled up for death of tribal girl

Officials of APSCPCR verify records, dormitories at Chiguru Home

The Hindu

Morning Digest | At UNSC, India asks nations to respect each other’s territorial integrity; Daily COVID-19 cases in India fall below the 10,000 mark, and more

Here’s a select list of stories to read before you start your day

The Hindu

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Top tech executives to depose in front of Parliamentary Panel

Officials from Amazon, Twitter, Netflix, Google, Apple and Microsoft summoned on the subject of ‘anti-competitive practices’ in the digital market

The Hindu

Anti-competitive practices: Apple, Google, Netflix, Amazon India executives to depose before Parliamentary panel on Tuesday

In recent times, there have been complaints about alleged anti-competitive ways of various technology platforms and firms

The Hindu

WhatsApp has not abused dominant position in India, rules NCLAT

NEW DELHI: The NCLAT has set aside a petition and upheld a 2017 CCI order that dismissed a complaint of predatory pricing against instant messaging platform WhatsApp.

The Times of India

Two Bills introduced in the Lok Sabha including Bill to amend competition law

Competition (Amendment) Bill also seeks a limitation period of three years for filing information on anti-competitive agreements and abuse of dominant position before the CCI

The Hindu

Competition issues | Paytm, Oyo and Zomato founders among tech firms officials to meet parliamentary panel

Competition Commission of India is already probing various cases, especially in the digital space, following complaints of alleged unfair business practices

The Hindu

3 REITs to Pay Close Attention to the Second Half of 2022

With inflation at its 40-year high and the Fed’s persistent efforts to control it, the market volatility is not expected to ease anytime soon. However, REIT stocks are historically known to provide a steady income stream through dividends. Therefore, investing in quality REIT stocks Alliance Global Group, Inc (ALGGY), Crown…

StockNews.com

3 Large-Cap REIT Stocks to Add to Your Portfolio

Since growing concerns over a potential recession due to the Fed’s aggressive interest rate hikes could keep the overall stock market highly volatile in the near term, REITs Crown Castle (CCI), Equinix (EQIX), and Weyerhaeuser (WY) could be good additions to your portfolio for generating a steady income stream. Continue…

StockNews.com

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The Hindu

Chamber of Commerce urges govt. to develop industrial hub in Ashanal

YADGIR

AAP

Skilled labour needed to make WA greener

Western Australia's business lobby has called for more skilled migration and assistance for companies as the state moves towards net-zero emissions.

Benzinga

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $4,700 Today

Crown Castle Intl (NYSE:CCI) has outperformed the market over the past 15 years by 4.47% on an annualized basis producing an average annual return of 10.93%. Currently, Crown Castle Intl has a market capitalization of $75.90 billion.

The Hindu

Andhra Pradesh: Competition Commission of India orders probe against BookMyShow

CCI DG to submit report within 60 days

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StockNews.com

Better Buy: Crown Castle International vs. American Tower

Since growing concerns over Fed’s aggressive interest rate hikes to control multi-decade high inflation could keep the overall stock market highly volatile in the near term, REITs Crown Castle (CCI) and American Tower (AMT) should provide a steady income stream. But which of these two stocks is a better buy…

The Hindu

Air India’s acquisition of AirAsia India gets CCI nod

NEW DELHI

The Times of India

Tata airlines' consolidation begins: CCI approves Air India acquiring entire stake in AirAsia India

NEW DELHI: Paving way for consolidation among the four Tata Group airlines, the Competition Commission of India (CCI) approved acquisition of entire shareholding in Air Asia India by Air India.

The Times of India

Amazon likely to challenge NCLAT order in Supreme Court

NEW DELHI: Amazon is likely to move the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order which rejected its plea challenging the Competition Commission of India’s (CCI) suspension of approval of the US e-tailer’s investment in Future Coupons (FCPL).

Benzinga

Here's How Much $100 Invested In Crown Castle Intl 15 Years Ago Would Be Worth Today

Crown Castle Intl (NYSE:CCI) has outperformed the market over the past 15 years by 4.51% on an annualized basis producing an average annual return of 11.04%. Currently, Crown Castle Intl has a market capitalization of $75.79 billion.

The Hindu

CCI penalises firms involved in cartelisation in Indian Railways tenders

The CCI also held 10 employees of these seven companies “to be liable for the anti-competitive conduct of their respective companies”

Benzinga

Clear Cannabis Inc. Launches Legacy Brand, The Clear, In Montana Through Bloom MT Partnership

Clear Cannabis Inc. (CCI) announced its partnership with Montana's legal cannabis market through Bloom Montana, a licensed cannabis supplier.

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