News for 'Competition Commission of India'

'Applying to universities abroad is increasingly risky'

'Applying to universities abroad is increasingly risky'

Rediff.com31 Aug 2023

'With the current situation in the global job market, students come back with an added burden of educational loans.'

Is The BJP Stung By Rahul's Walk?

Is The BJP Stung By Rahul's Walk?

Rediff.com23 Dec 2022

Nowadays, our politics is habituated to sitting on a high pedestal, hobnobbing with world leaders, generating impressions of a superpower and returning to earth for the purpose of winning elections. In contrast, the yatra never left earth, observes Shyam G Menon.

Accountability of regulators a serious crisis in India: Piyush Goyal

Accountability of regulators a serious crisis in India: Piyush Goyal

Rediff.com11 Jan 2017

Pointing at regulation of environment sector as a case in point, Goyal said the sector suffered due to "over regulation as regulators are not able to justify many decisions"

What Electoral Politics Can Learn From Cricket

What Electoral Politics Can Learn From Cricket

Rediff.com24 Feb 2023

Cricket has taken many steps forward towards excellence and fairness. Electoral politics has a lot of catching up to do, points out Rajeev Bhargava in his fascinating new book Between Hope and Despair.

David Warner pumped up ahead of milestone Test

David Warner pumped up ahead of milestone Test

Rediff.com24 Dec 2022

Warner has not scored a Test century in almost three years

US, allies launch declaration for future of Internet, invite India to join

US, allies launch declaration for future of Internet, invite India to join

Rediff.com29 Apr 2022

The Declaration for the Future of the Internet is in part a response to a rising trend of digital authoritarianism, including Russia's actions to block credible news sites

Fraternity, prosperity and polarisation

Fraternity, prosperity and polarisation

Rediff.com28 Mar 2023

Economic stagnation is the advance payment for polarisation, which extracts a terrible price.

How To Crack UPSC 2023

How To Crack UPSC 2023

Rediff.com17 Feb 2023

It is recommended to allocate a minimum of 3 to 4 hours for studying over the weekdays and maximise effort during the weekends, suggests Sarmad Mehraj, teacher and VP, product (UPSC) at BYJU'S.

Amazon to create 1 mn jobs in India by 2025, says Bezos

Amazon to create 1 mn jobs in India by 2025, says Bezos

Rediff.com17 Jan 2020

The new jobs - created both directly and indirectly - will be across industries, including IT, skill development, content creation, retail, logistics, and manufacturing.

India's Forever Debt To Bhabha, Sarabhai

India's Forever Debt To Bhabha, Sarabhai

Rediff.com22 Feb 2022

Dr Bhabha and Dr Sarabhai didn't feel guilty for their ambitions; it was for those 'mad scientists' that India is a powerhouse -- both at the atomic level and in the vastness of space, observes Kumar Abishek.

CCI fails to curb steel, cement cartel

CCI fails to curb steel, cement cartel

Rediff.com18 Apr 2008

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.

DHFL shares may get delisted post acquisition by Piramal

DHFL shares may get delisted post acquisition by Piramal

Rediff.com7 Jun 2021

Debt-ridden mortgage firm DHFL's shares would be delisted from stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company. As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank of India in January this year favoured the bid by Piramal Capital and Housing Finance to take over the beleaguered housing finance firm. According to sources, shares of DHFL would be delisted post acquisition as per the IBC guidelines and Sebi delisting norms.

Tribunal stays Rs 1,800 cr fine on CIL, next hearing on Mar 3

Tribunal stays Rs 1,800 cr fine on CIL, next hearing on Mar 3

Rediff.com27 Feb 2014

The Appellate Authority has stayed Rs 1800 crore penalty on Coal India.

CCI gives green signal to Wilmar-Renuka Sugars deal

CCI gives green signal to Wilmar-Renuka Sugars deal

Rediff.com13 May 2014

Under the proposed deal, Wilmar would acquire shares of Renuka Sugars, a domestic firm, pursuant to a preferential allotment and a consequential open offer to the shareholders.

Amazon to end JV with Murthy's Catamaran Ventures from May 2022

Amazon to end JV with Murthy's Catamaran Ventures from May 2022

Rediff.com10 Aug 2021

E-commerce giant Amazon and Infosys co-founder N R Narayana Murthy's Catamaran Ventures have "mutually decided" to not continue their joint venture (JV) beyond the end of its current term. The JV, Prione Business Services, which has been running successfully for the past seven years, was coming up for renewal on May 19, 2022. The JV enabled over 300,000 sellers and entrepreneurs to go online. It also enabled 4 million merchants with digital payment capabilities, providing these small and medium-sized businesses (SMBs) and merchants access to millions of customers across the country.

Investor protection top priority for new govt

Investor protection top priority for new govt

Rediff.com26 May 2004

Prioritising investor protection in the backdrop of corporate frauds and failures worldwide, Company Affairs Ministry said it will expedite the process of putting in place Competition Commission, NCLT and a comprehensive Companies Act.

Rs 420 crore penalty imposed on Hyundai Motor

Rs 420 crore penalty imposed on Hyundai Motor

Rediff.com28 Jul 2015

The automaker was found to have engaged in anti-competitive practices.

Airlines under CCI scanner for cargo fuel surcharge

Airlines under CCI scanner for cargo fuel surcharge

Rediff.com12 Jun 2013

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.

NRIs: Pop Nationalism To Identity Supremacy

NRIs: Pop Nationalism To Identity Supremacy

Rediff.com21 Oct 2023

Brand India's societal divisions and distortions have remained as much relevant in 'liberal' America and Europe as it still is in the structurally stratified Indian society of the 21st century, observes N Sathiya Moorthy.

Kotak-ING Vysya merger gets shareholders' approval

Kotak-ING Vysya merger gets shareholders' approval

Rediff.com8 Jan 2015

In November, Kotak Mahindra Bank had announced the buyout of ING Vysya Bank in an all-stock deal valued at Rs 15,000 crore (Rs 150 billion).

How CCI's Google orders impact innovation for apps

How CCI's Google orders impact innovation for apps

Rediff.com1 Nov 2022

As Google evaluates its response to two recent penalties slapped by the Competition Commission of India (CCI), here is a look at the app economy. Apps are bread and butter for mobile operating systems. India ranks second in the number of mobile downloads, with nearly 27 billion downloads in 2021, according to Deloitte. Accounting for 11.6 per cent of global app downloads, the Indian smartphone user spends over 4 hours a day on apps.

Jet Airways, IndiGo, SpiceJet to challenge Rs 258-cr fine

Jet Airways, IndiGo, SpiceJet to challenge Rs 258-cr fine

Rediff.com18 Nov 2015

CCI's ruling came on a complaint filed by Express Industry Council of India.

Freebies, pre-poll guarantees galore as BJP, Congress woo MP voters

Freebies, pre-poll guarantees galore as BJP, Congress woo MP voters

Rediff.com9 Oct 2023

A fierce competition among parties to offer freebies and guarantees, a scramble for tribal, OBC, women votes and a touch of Hindutva -- all have combined to make the Madhya Pradesh assembly polls a high-stakes battle with main rivals BJP and the Congress pulling out all the stops to gain power.

Amazon not doing India a favour by investing $1 billion: Goyal

Amazon not doing India a favour by investing $1 billion: Goyal

Rediff.com16 Jan 2020

Goyal wondered why an e-commerce market place model, where a firm provides an IT platform for buyers and sellers, was incurring such huge losses adding that it needs to be looked into.

Future Retail misses due date for payment of Rs 3,494.56 cr to banks

Future Retail misses due date for payment of Rs 3,494.56 cr to banks

Rediff.com1 Jan 2022

Future Retail on Saturday said it has missed the due date for payment of Rs 3,494.56 crore to banks and lenders as it could not sell assets due to its ongoing litigation with amazon, impacting its monetisation plans. Future Retail had last year entered into a one-time restructuring (OTR) scheme for COVID-19 hit companies with a consortium of banks and lenders and was to discharge "an aggregate amount of Rs 3,494.56 crore" on or before December 31, 2021. Kishore Biyani-led Future group firm would be "co-operating for completing the monetisation of the specified business within next 30 days" as per directions of the banks to resolve the current situation, said a regulatory filing by Future Retail.

Don't spare corrupt: Modi to CVC and anti-corruption agencies

Don't spare corrupt: Modi to CVC and anti-corruption agencies

Rediff.com3 Nov 2022

He said the country needs to have "zero tolerance" for corruption in the administrative ecosystem and this would work for the idea of a developed India.

Amazon-Future tussle gets murkier

Amazon-Future tussle gets murkier

Rediff.com26 Nov 2020

Kishore Biyani-led Future Retail Ltd on Thursday accused e-commerce giant Amazon of adopting a media strategy of "having every development reported and converted into a line of communication with stock exchanges" regarding the Amazon-Future Coupons' arbitration proceedings in Singapore. The Court of Singapore International Arbitration Centre (SIAC) had turned down a plea of Future Retail Ltd (FRL) to be excluded from being a party to arbitration. In a regulatory filing disclosing the development, FRL said,"...this disclosure is being made out of abundant caution to avoid any speculation given Amazon's media strategy of having every development reported and converted into a line of communication with stock exchanges."

Alibaba gets CCI nod for acquiring 4.14% in Snapdeal

Alibaba gets CCI nod for acquiring 4.14% in Snapdeal

Rediff.com15 Oct 2015

Chinese e-commerce giant Alibaba has received anti-trust regulator CCI's approval for buying 4.14 per cent stake in Snapdeal.

Compat to hear plea against Jet-Etihad deal later this month

Compat to hear plea against Jet-Etihad deal later this month

Rediff.com13 Mar 2014

Former Air India Executive Director Jitender Bhargava filed the appeal challenging the decision of the Competition Commission of India to clear the Jet-Etihad deal without carrying out a detailed assessment.

What's Greenwashing?

What's Greenwashing?

Rediff.com21 Apr 2023

Greenwashing is making misleading or false environment-friendly claims about a product. Consumers in India currently do not have any way of telling whether a claim is authentic or greenwashing. And one never hears of action against any company for making false claims of being environment-friendly.

Two Pakistani boxers missing in Birmingham after CWG

Two Pakistani boxers missing in Birmingham after CWG

Rediff.com11 Aug 2022

He said the team management has informed the Pakistan High Commission in the UK and the relevant authorities in London about the disappearance of Suleman and Nazeerullah.

Sports Shorts: India record best-ever haul in World Para Athletics

Sports Shorts: India record best-ever haul in World Para Athletics

Rediff.com16 Nov 2019

Summary of sports events and persons who made news on Saturday

Google to seek CCI nod for Rs 33,737-cr Jio Platform deal

Google to seek CCI nod for Rs 33,737-cr Jio Platform deal

Rediff.com22 Jul 2020

The partnership will also see the two parties cooperate on technology initiatives, including development of affordable smartphones.

Law tribunal hangs fire

Law tribunal hangs fire

Rediff.com23 Apr 2004

Google appeals against CCI's 'search bias' ruling in anti-trust case

Google appeals against CCI's 'search bias' ruling in anti-trust case

Rediff.com11 Apr 2018

Google abusing dominance in online web search, watchdog said; Matrimony.com complaining the search giant had got off too lightly

PharmEasy buys Medlife, becomes largest e-pharma company

PharmEasy buys Medlife, becomes largest e-pharma company

Rediff.com26 May 2021

PharmEasy has acquired Medlife for an undisclosed amount, the e-pharmacy unicorn said on Tuesday. The deal will make PharmEasy the largest player in the domestic online pharmacy sector, with the combined entity set to serve 2 million customers a month.

Wal-Mart sets up new company in India

Wal-Mart sets up new company in India

Rediff.com19 Jan 2014

The retailer has registered a new company called 'Wal-Mart India Private Ltd' in the country, according to the data available with the Ministry of Corporate Affairs.

CCI clears Sun-Ranbaxy deal with riders; asks to sell 7 brands

CCI clears Sun-Ranbaxy deal with riders; asks to sell 7 brands

Rediff.com8 Dec 2014

India's antitrust regulator has approved Sun-Ranbaxy deal, subject to the companies divesting seven products.