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The Latest Breaking News from Competition Commission of India

India investigates global fragrance giants over price collusion, document shows

Indian authorities are investigating global fragrance companies for alleged price collusion. This new case follows an ongoing probe into labor anti-poaching deals. The Competition Commission of India is examining cartelization in the fragrance sector. A previously drafted report was recalled due to commercial secret redaction issues. The market for flavors…

The Economic Times

CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stake

CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stake

The Competition Commission of India approved Go Digit Infoworks' merger with Go Digit General Insurance. This transaction will see Go Digit Infoworks Services merge into the insurer, which remains the surviving entity. Following the merger, the Fairfax group entity will hold a majority stake in Go Digit General Insurance. Separately,…

The Economic Times

CCI clears UpGrad-Unacademy merger, paving way for major edtech consolidation

CCI clears UpGrad-Unacademy merger, paving way for major edtech consolidation

The Competition Commission of India’s (CCI) approval comes two months after the higher education and upskilling company and the SoftBank- and Peak XV Partners-backed test-prep startup sought antitrust clearance for the deal.

The Economic Times

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SC allows Amazon's appeal, sets aside order imposing Rs 202 crore penalty

The Supreme Court has relieved Amazon by setting aside a Rs 202 crore penalty. The apex court also suspended the e-commerce giant's deal with Future Coupons Pvt Ltd. This decision overturns a previous order by the National Company Law Appellate Tribunal. The Competition Commission of India's order imposing the penalty…

The Economic Times

CCI approves stake purchase in Burger King India operator by Lenexis consortium

The Competition Commission of India has given its approval for a partial ownership acquisition in Restaurant Brands Asia Limited. This deal involves a consortium led by Lenexis Foodworks Private Limited. The acquisition will occur through various steps including equity and warrant subscriptions, and an open offer. Restaurant Brands Asia operates…

The Economic Times

Morning Digest | Centre’s Digi Yatra enrolment takes off as airport security staff sign up flyers without their consent; Iran suicide blasts death toll rises to 89, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on January 6, 2024

Competition Commission of India names Pattnaik as new head of investigations

Ansuman Pattnaik also worked at the CCI during 2014-2019 in its investigations unit and was head of the unit for a brief time.

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Competition Commission gives conditional approval to Sony-Zee merger deal

Competition Commission gives conditional approval to Sony-Zee merger deal

NEW DELHI: The Competition Commission of India on Tuesday approved with certain conditions the mega-merger deal between media groups Sony and Zee.

The Times of India

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

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.

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

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

Competition Commission of India approves proposed acquisition of AirAsia India by Air India

Competition Commission of India approves proposed acquisition of AirAsia India by Air India

AirAsia India is a joint venture between Tata Sons Pvt. Ltd. and Air Asia Investment Limited, with TSPL presently holding 83.67% and AAIL owning a 16.33% stake

Parliamentary panel to summon Google, Twitter, Amazon, other big tech firms to discuss competitive conduct

Parliamentary panel to summon Google, Twitter, Amazon, other big tech firms to discuss competitive conduct

NEW DELHI: With a number of global tech giants facing Competition Commission of India's (CCI) probe for alleged anti-competitive practices, a key Parliamentary panel on Thursday decided to summon representatives of Google, Amazon, Facebook, Twitter and others to examine their competitive behaviour.

The Times of India

Zomato says will 'promptly comply' with CCI recommendations in face of anti-competitive probe

Zomato says will 'promptly comply' with CCI recommendations in face of anti-competitive probe

NEW DELHI: Food delivery company Zomato on Tuesday said that it intends to “promptly comply” with the recommendations of the Competition Commission of India (CCI) a day after the antitrust watchdog ordered a probe against alleged anti-competitive practices by Zomato and its rival Swiggy.

The Times of India

US Big Tech Continue To Raise Global Regulatory Concerns

US Big Tech Continue To Raise Global Regulatory Concerns

The House Oversight Committee on Friday launched an investigation into Amazon.com Inc's (NASDAQ:AMZN) labor practices, CNBC reports. The House demanded information about a deadly warehouse collapse in Illinois in 2021 as a tornado hit the warehouse, killing six workers. The workers had alleged inadequate safety protocols for severe weather events. The Competition Commission…

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The Times of India

SC asks Amazon, Future group to urge NCLAT to decide plea of US e-commerce major

NEW DELHI: The Supreme Court on Wednesday asked Amazon and Future group to request the NCLAT to decide a plea challenging the revocation of sanction to the US e-commerce major for its deal with Future group's firm by the Competition Commission of India (CCI).

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