Competition Commission has held on to its observation about Etihad gaining joint control in Jet Airways and "significant" rights to appoint directors with a 24% stake purchase, while rejecting a plea to "rectify" its order that approved the deal earlier this month.
The Competition Appellate Tribunal said the regulator relied on 'legally unsustainable' information downloaded from internet for nailing the BCCI.
The fair trade body's penalty on the internet giant should be a wake-up call for Indian companies that tend to be lackadaisical towards regulatory investigations.
Industry chamber Ficci has sought details from the government about the "actual progress" of the mega infrastructure projects cleared by Cabinet Committee on Investment.
The order followed complaints against DLF Gurgaon Home Developers.
Third seed N Sriram Balaji overcame early jitters to quell a spirited challenge from compatriot Ramkumar Ramanathan in his opening match at the CCI-ITF men's US $15,000 tournament 2012, at the CCI courts, in Mumbai, on Monday. The Chennai-based lad won 7-5, 6-4 in an hour and 50 minutes.
Paving way for closure of long-pending Jet-Etihad deal, fair trade regulator CCI on Tuesday approved the proposed acquisition of 24 per cent stake in the Naresh Goyal-led Indian carrier by Abu Dhabi-based airline.
'Global coordination, convergence, market complexities and dynamics and cross-border enforcement compound the existing challenges we face.'
On a day a sexual abuse case was registered against actor Siddique based on a complaint by a woman actor, the Left government appears to have adopted a cautious approach in the case of MLA Mukesh, with two ministers indicating that further action hinges on the findings of the probe by the special police team.
Aviation regulators says airlines are free to fix fares.
The Competition Commission of India will launch an investigation of Ericsson in regard to a patent dispute with Indian firm Micromax, Ericsson said.
The Competition Commission of India has approved the acquisition of 31.27 per cent of additional stake in Religare Enterprises by four entities of Dabur India promoter Burman family, enabling them to become majority owners in the financial services firm. The fair trade regulator allowed the four entities to acquire Religare's 5.27 per cent through stock market purchase and another 26 per cent through an open offer.
The government is set to examine concerns over quick commerce companies potentially undermining businesses of local kirana stores, particularly in the context of the draft Digital Competition Bill, according to official sources. The Ministry of Consumer Affairs recently raised the issue with the Ministry of Corporate Affairs during discussions around the proposed legislation. "We need to assess if and how the Bill can address these concerns and explore further steps to include provisions to keep a check," a senior official stated.
Competition watchdog CCI on Wednesday assured industry that rivals will not be able to derail their takeover plans under the new M&A regime, which would require companies to seek the body's approval before taking up high-voltage mergers and acquisitions.
The Competition Commission on Thursday imposed Rs 1 crore fine on Abu Dhabi-based Etihad for non-disclosure of full information in the course of seeking approval for its purchase of 24 per cent stake in Jet Airways.
The government has initiated the process to recruit the remaining two members of the Competition Commission of India (CCI), with an aim to make the anti-trust body fully functional by June 2009.
Second seed Sahil Deshmukh crashed out of the boys' under-18 singles in the CCI-ITF junior boys and girls' tennis championship, losing his opening round match to Indian compatriot Vidit Vaghela in straight sets, in Mumbai, on Monday. Deshmukh, ranked 290 in the world among juniors, was no match for Vaghela as he lost 2-6, 5-7 at the Cricket Club of India's courts.
The Rajasthan Cricket Association (RCA) Monday pulled down pictures of Pakistan players from its lobby, protesting against the terrorist attack in Pulwama.
Global retail giant Walmart has got fair trade regulator CCI's green signal for purchase of Bharti group's almost 50 per cent stake in their Indian joint venture for wholesale stores business.
India's antitrust regulator has approved Sun-Ranbaxy deal, subject to the companies divesting seven products.
Singapore's competition regulator CCCS on Tuesday said it has given conditional approval for the proposed merger of Air India and Vistara, more than a year after the announcement of the deal. This was one of the key approvals required for the transaction. The merger of Vistara with Air India under a deal, wherein Singapore Airlines will acquire a 25.1 per cent stake in Air India, was announced in November 2022. Vistara is a joint venture between Singapore Airlines and Tata Group.
Fair-trade regulator Competition Commission of India (CCI) on Thursday cleared the proposed merger of Credit Suisse Group AG with UBS Group AG. Both Credit Suisse Group AG (Credit Suisse) and UBS Group AG (UBS) are multinational investment banks and financial services companies founded and based in Switzerland.
Competition watchdog CCI may take only 30 days to clear high-voltage corporate mergers and acquisitions, a move that will address one of India Inc's major contentions.
The Appointments Committee of Cabinet has named Ravneet Kaur, a Punjab cadre IAS officer of 1988 batch, as chairperson of the Competition Commission of India (CCI). Kaur will hold the post for five years or until attaining the age of 65. She is the second woman to serve in an 'economic regulator' role after Madhabi Puri Buch, who was appointed chairperson of the Securities and Exchange Board of India last year and the first woman to head the country's chief national competition regulator.
'I have been the president for 14 times and I am going to contest the elections again and I am confident I will be elected unaninmously for the 15th straight year,' the veteran administrator said.
L&T has acquired Cafe Coffee Day-owner V G Siddhartha's 20.32 per cent stake in Mindtree and has also placed an order with brokers to pick up another 15 per cent shares from the open market.
Top seed Karan Rastogi and No. 6 Yuki Bhambri, both of India, registered comfortable second round wins to ease into the quarter-finals of the CCI-ITF US$15,000 Men's Futures tennis tournament, at the Cricket Club of India, in Mumbai, on Wednesday.
Rupesh Roy and qualifier Divij Sharan of India kicked off their campaigns with impressive wins, as the main draw got under way in the CCI-ITF US$15,000 Men's Futures Tennis Tournament, at the Cricket Club of India in Mumbai, on Monday. Southpaw Sharan overcame compatriot and wild card Lakshit Sood 6-3, 7-6, while Roy beat Tristan-Samuel Weissborn of Austria 7-6, 6-1 in close first round contests.
In its first decision, the Cabinet Committee on Investment (CCI) on Wednesday cleared Reliance Industries' producing KG-D6 block and gas discovery area NEC-25 along with 3 other areas where the Defence Ministry had either barred oil and gas activity or put stringent conditions on that.
Builders were questioned on unfair trade practices.
CIL is charged of discriminating in favour of public sector firms in the reworked format of fuel supply agreements.
Top seed Sri Vaishnavi Peddi Reddy continued her winning run to progress to the girls' singles quarter-finals in the CCI-ITF Junior boys & girls' under-18 Tennis Championship in Mumbai on Wednesday. Reddy, who won the ITF junior title in New Delhi last month, wasted little time in taming unseeded compatriot Snehal Mane 6-1, 6-0 in a pre-quarter-final encounter at the Cricket Club of India courts.
Big time cricket will return at the Brabourne stadium
Jeevan Nedunchezhiyan continued his good run since being crowned men's champion at the Senior Nationals, entering the semi-finals of the US $15,000 CCI-ITF Futures tennis tournament, in Mumbai, on Thursday. The left-hander, seeded 6 and ranked 400 in the world, got past No 1-ranked Indonesian Davis Cupper Christopher Rungkat.
The tepid Indian challenge in the singles event of the US $10,000 CCI-ITF women's tennis tournament ended on Wednesday with the elimination of Nidhi Chilmula and Rishika Sunkara in the second round.
The deal is the first major bank takeover in 4 years
The Board for Industrial and Financial Reconstruction has constituted an assets sale committee for selling off Cement Corporation of India as a whole or in parts after declaring it sick, Rajya Sabha was informed on Monday.
The complaint was lodged by Mumbai-based Express Industry Council of India, which represented major express courier and cargo companies such as DTDC, Aramex India, Blue Dart, DHL Express, GATI and First Flight.
The Competition Commission of India, the body that is supposed to take action against any abuse of market dominance, says it is helpless. FM had accused the domestic cement and steel industry of forming cartels to exploit consumers. He also warned the industry that if they did not mend their ways, the government would not hesitate to take tough measures and break the logjam. CCI was supposed to prohibit anti-competitive agreements, abuse by dominant players and regulate M&As.
Ajay Singh would infuse Rs 1,500 cr in SpiceJet.
