News for 'Competition Commission of India'

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.

Law tribunal hangs fire

Law tribunal hangs fire

Rediff.com23 Apr 2004

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.

'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.'

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."

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.

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.

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.

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.

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.

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

Etihad set to escape open offer for Jet Airways

Etihad set to escape open offer for Jet Airways

Rediff.com28 Apr 2014

Current FDI norms allow a foreign airline to hold up to 49 per cent in a domestic carrier.

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.

Mahindra Satyam's AGM on July 31 cancelled

Mahindra Satyam's AGM on July 31 cancelled

Rediff.com25 Jun 2013

In a BSE filing, the company said it has filed certified copies of the Andhra Pradesh High Court order paving way for the merger with Registrar of Companies, Andhra Pradesh, Hyderabad.

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.

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.

Etihad need not make open offer for Jet shareholders: Sebi

Etihad need not make open offer for Jet shareholders: Sebi

Rediff.com8 May 2014

Etihad has purchased 24 per cent stake in Jet Airways in a deal worth about Rs 2,060 crore deal which was announced in April 2013.

Lafarge plans to exit India operations

Lafarge plans to exit India operations

Rediff.com6 Jan 2016

Submits revised proposal to CCI as Birla Corp deal fails

Xi's Tibet visit: Bad Signal for India?

Xi's Tibet visit: Bad Signal for India?

Rediff.com24 Jul 2021

Xi's visit to Nyingchi, bordering Arunachal Pradesh, signals China's opening of another front to India in the eastern sector, observes Srikanth Kondapalli, the leading China expert.

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.

Air India's prospects of finding a buyer look bleak

Air India's prospects of finding a buyer look bleak

Rediff.com17 Jan 2020

'With a less than comely bride and no dowry to speak of, the prospects of landing a good match look bleak, a grim, sinister and no-nonsense prospective father-in-law notwithstanding,' says Anjuli Bhargava.

Sebi nods Jet-Etihad deal, govt to take final call

Sebi nods Jet-Etihad deal, govt to take final call

Rediff.com1 Oct 2013

The proposal will now be considered by the Cabinet Committee on Economic Affairs.

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.

PayU buys BillDesk for $4.7 bn in one of largest Indian fintech deals

PayU buys BillDesk for $4.7 bn in one of largest Indian fintech deals

Rediff.com1 Sep 2021

Prosus-backed fintech firm PayU is set to acquire India's earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India's digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa. The proposed acquisition will help PayU, the payments and fintech business of Prosus which operates in more than 20 markets, become one of the leading online payment providers globally by total payment volume (TPV).

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.

Why India's fintech, e-com firms fear Google, Facebook

Why India's fintech, e-com firms fear Google, Facebook

Rediff.com5 Mar 2018

While Google has market capitalisation of almost $753 billion and Facebook commands one of $515 billion, it is the wealth of user data they have that one fears

Nirma cements $1.4-bn Lafarge India buyout

Nirma cements $1.4-bn Lafarge India buyout

Rediff.com12 Jul 2016

Ahmedabad-based firm to fund deal through equal amount of equity and debt.

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.

Why is India Inc so scared all the time?

Why is India Inc so scared all the time?

Rediff.com13 Dec 2019

'India Inc has been afraid to criticise the government of the day for many years now, and it is perhaps unfair to blame the current one alone,' says Shyamal Majumdar.

NSE in firefighting mode to minimise reputational harm after Sebi's order

NSE in firefighting mode to minimise reputational harm after Sebi's order

Rediff.com28 Feb 2022

The National Stock Exchange (NSE) has got into firefighting mode to control the reputational damage caused by the Securities and Exchange Board of India's (Sebi's) order against its former managing director and chief executive officer Chitra Ramkrishna and others. According to sources, the exchange's management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. The exchange plans to hold more meetings in the coming week to ensure that trading volumes and confidence in the bourse don't get impacted, they added.

With Mumbai in pocket, Adani is India's largest private airport operator

With Mumbai in pocket, Adani is India's largest private airport operator

Rediff.com31 Aug 2020

Billionaire Gautam Adani's Adani group on Monday said it has reached an agreement to acquire GVK group's shareholding and control of Mumbai airport.

Amazon-Future battle: More skeletons tumble out of closet

Amazon-Future battle: More skeletons tumble out of closet

Rediff.com15 Nov 2021

Future Retail's (FRL's) independent directors have written a second letter to the Competition Commission of India (CCI), stating American e-commerce major Amazon never intended to invest in Future Coupons (FCPL) and the representations made by the US e-commerce player were completely opposite and contradictory to their own internal correspondences as submitted before courts. The directors also wrote to CCI that Amazon has obtained approval by making deliberate misrepresentations. By actively misleading the CCI and the regulator, it has to revoke the approval granted for Amazon's investment in FCPL.

Amazon challenges CCI over suspension of 2019 Future deal

Amazon challenges CCI over suspension of 2019 Future deal

Rediff.com10 Jan 2022

Amazon has filed a legal challenge at the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's (CCI) suspension of the US e-commerce giant's 2019 deal with Future Retail (FRL). Amazon has challenged the CCI order on at least five grounds, and the matter is likely to be listed this week, according to the sources. Parallelly, Amazon's Indian unit has approached the Supreme Court against a halt on an arbitration case against Future Retail's (FRL) asset sale to Reliance Industries (RIL).

After Ajay Devgn, Kamal Haasan approaches CCI

After Ajay Devgn, Kamal Haasan approaches CCI

Rediff.com14 Jan 2014

Kamal Haasan has filed a complaint with the Competition Commission of India (CCI) against the Tamil Nadu Theatre Owners Association wifor restricting the release of his film Vishwaroopam in theatres last year.

ECI Ruling: What Are Uddhav's Political Options?

ECI Ruling: What Are Uddhav's Political Options?

Rediff.com23 Feb 2023

Uddhav Thackeray and his followers have the option to stop riding a tiger and commence work around a more meaningful and enduring political ideology. It is an option Eknath Shinde's side may not have, supported as they were by the BJP, to maintain continuity of the old Sena, argues Shyam G Menon.

Justice S J Mukhopadhaya retires as NCLAT chairperson

Justice S J Mukhopadhaya retires as NCLAT chairperson

Rediff.com14 Mar 2020

He supervised and handled several major big ticket insolvency cases that includes Essar Steel, Bhushan Power & Steel, Bhushan Steel, Jaypee Infratech, ElectroSteel Steel, Binani Cement, Reliance Communications.

New FDI rules sour India dream for Walmart

New FDI rules sour India dream for Walmart

Rediff.com15 Feb 2019

For now Walmart has said it remains optimistic about India. But that could change without prior notice, says Nivedita Mookerji.

Kotak Mahindra merges with ING Vysya, India's 4th largest pvt bank is born

Kotak Mahindra merges with ING Vysya, India's 4th largest pvt bank is born

Rediff.com20 Nov 2014

Private lender Kotak Mahindra Bank Ltd said on Thursday its board had approved the acquisition of local rival ING Vysya Bank Ltd, in which Dutch lender ING Groep NV owns about 43 per cent, in an all-stock deal.

Force India and Sauber withdraw EU complaint

Force India and Sauber withdraw EU complaint

Rediff.com25 Jan 2018

The two teams said they had been reassured by Formula One's approach under chairman Chase Carey and his new management team, who had "brought a new culture of transparency to the sport".