CCI

 Absence of pro-competition policy promotes crony capitalism: Arun Jaitley

Absence of pro-competition policy promotes crony capitalism: Arun Jaitley

Pitching for more competition, Finance Minister Arun Jaitley today cautioned that pro-business environment without "pro-competition" policies can result in dangerous consequences, including crony capitalism.

GoAir hikes ticket cancellation charges to Rs 2,225, joins peer group

Joining others in the sector, budget carrier GoAir hiked ticket cancellation charges to Rs 2,225 now. The charges were Rs 1,900 earlier. The new charges will be applicable from April 21, the company informed

Bad news for flyers! SpiceJet hikes ticket cancellation charges

Bad news for flyers! SpiceJet hikes ticket cancellation charges

Budget carrier SpiceJet has also increased its ticket cancellation charges by over Rs 350, days after its competitor IndiGo announced a flat charge of Rs 2,250 even as the DGCA deadline for airlines to submit their response on the issue ended on Friday

RCom gets CCI go-ahead to acquire Sistema's MTS

RCom gets CCI go-ahead to acquire Sistema's MTS

As per the deal, SSTL will hold about 10 percent stake in RCom and pay off its existing debt before closing the deal.

 

AB InBev gets CCI nod to acquire SABMiller

AB InBev gets CCI nod to acquire SABMiller

Last year, Anheuser-Busch InBev (AB InBev) said that it had completed an agreement to acquire SABMiller Plc, making it one of the largest deal in the breweries sector.

Sun Pharma gets CCI nod to sell two CNS divisions to Strides

Drug major Sun Pharma has received approval from competition watchdog CCI to sell the erstwhile Ranbaxy Laboratories' two divisions in the central nervous system (CNS) segment in India to Strides Shasun for Rs 165 crore.

CCI okays Fairfax's additional 9% stake buy in ICICI Lombard

CCI okays Fairfax's additional 9% stake buy in ICICI Lombard

The Competition Commission has cleared Prem Watsa run Fairfax Financial Holdings' proposed acquisition of additional nine percent stake in ICICI Lombard General Insurance Company for an estimated Rs 1,550 crore.Following the transaction, Fairfax will hold 35 percent in ICICI Lombard, while ICICI Bank will have about 64 percent stake. 

Compat quashes CCI's Rs 6,316 crore fine on cement companies

In a major ruling, the Competition Appellate Tribunal Friday set aside Rs 6,316.59 crore penalty imposed on 11 cement manufacturers by CCI for cartelisation and directed the fair trade regulator to pass a fresh order in three months.

CCI asks PVR to publish details of DT Cinema acquisition

CCI asks PVR to publish details of DT Cinema acquisition

In June, PVR announced plans to acquire real estate major DLF's cinema exhibition business, DT Cinemas, for Rs 500 crore.

Competition Commission introduces e-filing facility

Competition Commission of India (CCI), which keeps a tab on unfair business practices in the market place, has been working on e-filing system for sometime.

CCI dismisses complaints against Sony, HP

Fair trade regulator CCI has rejected allegations that Sony India and Hewlett Packard India Sales indulged in anti-competitive business practices.

CCI dismisses complaint against Symantec Corp

Fair trade regulator CCI has rejected allegations of anti-competitive business practices made against anti-virus software maker Symantec Corp.

CCI gets 21 merger filings in October, highest in four years

CCI gets 21 merger filings in October, highest in four years

The Competition Commission received 21 filings seeking approval for mergers in October, the highest number for any month in the past four years.

CCI dismisses complaints against RIL, Reliance Gas Infra

CCI dismisses complaints against RIL, Reliance Gas Infra

Noting that Reliance Industries does not have significant presence in the relevant market, the Competition Commission of India (CCI) said the company is not dominant there, according to an order dated November 17.

CCI clears Aviva's additional 23% stake buy in Indian joint venture

Aviva Life Insurance Company India Ltd is a joint venture between Aviva and Dabur Invest Corp (DIC).

Competition Commission to probe Max Super Speciality Hospital

Competition Commission has ordered an investigation against Max Super Speciality Hospital and Becton Dickinson India for alleged anti-competitive practices with respect to healthcare services.

CCI asks Coal India to examine spot e-auction scheme afresh

Fair trade regulator CCI has asked Coal India to examine afresh its spot e-auction scheme to obviate possible violation of competition norms even as the watchdog rejected a complaint of unfair business practices against the state-owned miner.

DLF gets CCI approval for Rs 1,990-cr deal with GIC

DLF gets CCI approval for Rs 1,990-cr deal with GIC

India's largest realty firm DLF Monday said it has got fair trade regulator CCI's approval for the joint venture with Singapore's sovereign wealth fund GIC, which is investing Rs 1,990 crore in two projects here.

CCI to directly recruit for 30 positions

Faced with manpower shortage, the Competition Commission is looking to fill up as many as 30 positions, including that of advisers and joint directors, through direct recruitment.

CCI clears Standard Life's additional stake buy in HDFC Life

The British firm would be increasing its stake to 35 percent from 26 percent as the Indian government has allowed up to 49 percent FDI in the domestic insurance sector.