Bharti Airtel is expected to see its highest revenue growth, and subscriber addition during the third quarter (October-December) of FY25 among telcos, said analysts. The telco's top line in Q3 may see the fastest sequential growth at 5 per cent compared to 3 per cent for Reliance Jio and Vodafone Idea (Vi). Airtel's annual mobile revenue growth would rise to 16 per cent, IIFL Capital said in an analyst note.
Parliament on Friday approved the long-awaited Competition Bill paving the way for setting up the Competition Commission of India replacing the Monopoly and Restrictive Trade Practices Commission.
The International Boxing Association (IBA) urged its national federations on Monday to join legal action in Switzerland against what it called the "abusive behaviour" of Olympic organisers.
Two sections of the Competition Act still to be notified.
The Competition Commission of India (CCI) has flagged possible anti-competitive concerns with respect to the proposed USD 8.5-billion Viacom18-Star India merger and has sought detailed responses from the parties concerned, sources said.
Maharashtra Chief Minister Devendra Fadnavis has announced that all competitive examinations conducted through the Maharashtra Public Service Commission (MPSC) will be held in Marathi. The decision was made following a query raised by Shiv Sena (UBT) legislator Milind Narvekar, who pointed out that some examinations related to agriculture and engineering disciplines were conducted only in English. The chief minister stated that efforts are underway to make Marathi textbooks available for technical subjects and that the new education policy allows for engineering courses to be conducted in Marathi. This decision is expected to benefit Marathi-speaking students aspiring to take the MPSC exams.
The Competition Commission of India has asked the government to amend existing rules to allow more competition in maintenance of highways and airports under the public-private-partnership model.
Barely out of their teens, the first batch of girls will graduate alongside 300 male cadets from the National Defence Academy.
With provisional recognition granted to World Boxing it is very unlikely for the very popular Olympic sport to miss out on the LA Games.
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.
In its submission to the Competition Commission of India, in response to a complaint filed by a travel agents body, DGCA said travel agents should be compensated by the airlines directly by paying commission, which should be a part of the fare itself.
The Act provides that companies with assets of over Rs 1,000 crore (Rs 10 billion) and a turnover exceeding Rs 3,000 crore (Rs 30 billion) will have to obtain approval from the CCI for a merger, acquisition or amalgamation within 30 days of the deal. Smaller companies will have to seek permission if their parent company's assets exceed Rs 4,000 crore (Rs 40 billion) and the turnover Rs 12,000 crore (Rs 120 billion).
Companies planning merger and acquisition (M&A) will have to disclose the extent of "complementary linkages" among them and their impact on the market. This comes under the revised reporting requirements of the Competition Commission of India (CCI). The changes will take effect on May 1. Entities may also have to provide market-facing data of the past five years with respect to their market size, the market share of the parties, and also that of the competitors, along with customers and suppliers.
Several amendments to the long-awaited Competition Bill, proposed by the parliamentary committee including more powers to the proposed Competition Commission, was cleared by the Union Cabinet.\n\n\n\n\n\n\n\n\n\n
Reliance Industries Limited (RIL), Viacom18 Media (Viacom18), and The Walt Disney Company announced on Thursday that they have completed the merger of Viacom18's media and JioCinema businesses into Star India (SIPL), creating a mega joint venture valued at Rs 70,352 crore. The new entity will be guided by three chief executive officers (CEOs), "who will lead the company into a new era of ambition and disruption", according to a joint statement. Kevin Vaz will lead the entertainment division across all platforms, Kiran Mani will head the combined digital division, and Sanjog Gupta will oversee the sports operations.
The resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs, Finance Minister Nirmala Sitharaman said in London on Tuesday.
Kirsty Coventry's journey from the Olympic podium to the highest office in sport has been marked by excellence, resilience, and reform.
Corporate affairs ministry note for ministerial group says can't keep banking, telecom out of CCI purview as RBI, Trai enable but not regulate competition
After a year long deliberations, the Standing Committee on Finance has recommended several changes in the Competition Commission Act, 2002, making it a more powerful body.
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
"These latest so-called 'Liberation Day' tariffs are reckless and self-destructive, inflicting financial pain on Illinois at a time when people are already struggling to keep their small businesses afloat and put food on the table."
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.
Students from de-notified tribes, nomadic tribes and semi-nomadic tribes will receive coaching fees of up to 1,20,000 and additional benefits for preparing for entrance examinations such as JEE, NEET, CLAT and the NDA.
The industry is seriously concerned that the new Competition Act, passed by Parliament in September but not yet fully notified, could impact local and cross-border mergers and acquisitions (M&As) and curtail business activities by placing substantial discretionary powers in the hands of the thinly-staffed Competition Commission of India (CCI).
Fair trade regulator CCI on Tuesday said it has approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity. After the completion of the demerger, shares of ITC Hotels Ltd, a new entity, will be listed on the stock exchanges. The proposed combination relates to the demerger of the demerged undertaking to ITC's wholly-owned newly incorporated subsidiary, ITC Hotels.
IWF scraps her weight category; Olympic weight category yet to be known.
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
The ministry of information and broadcasting (I&B) on Wednesday held an inter-ministerial meeting with various departments to discuss issues regarding revenue sharing between Big Tech companies and digital news publishers, according to sources. The meeting - chaired by I&B Secretary Sanjay Jaju - invited senior officials from the ministry of corporate affairs (MCA), Competition Commission of India (CCI), ministry of electronics and information technology (Meity) and departments of promotion of industry and internal trade, legal affairs and consumer affairs.
'Regulatory challenges exist everywhere. What we look for is regulatory stability over time.'
The spot airfares on major routes, where Vistara cancelled flights on Tuesday, have surged by up to 38 per cent, according to data provided by Cleartrip. The spot airfares for Tuesday were compared with March 5. Vistara has cancelled 52 flights on routes such as Delhi-Indore, Delhi-Srinagar, Mumbai-Kochi, and Bengaluru-Udaipur as a certain section of pilots went on sick leave, reportedly protesting against the new salary structure that was introduced as part of the airline's merger with Air India.
Lambasting the NDA government for appointing a bureaucrat as head of the Competition Commission, Law Minister Hans Raj Bharadwaj said rightly the decision fell foul with the Supreme Court as these bodies have been traditionally headed by judges.
The flight cancellations and delays of Vistara in the last few days were due to unfavourable weather, air traffic congestion and unforeseen aircraft maintenance, and cannot be solely attributed to pilot absenteeism, the airline said on Thursday. The airline's response comes after reports stated that some pilots had gone on sick leave to protest the new salary structure offered to them as part of Vistara's merger with Air India. "We confirm that we have had a few flight cancellations and unavoidable delays in the last few days.
'We have opened 100 branches in the last one and a half years. Our manpower is also in place.'
After passing of the Competition Act, 2007, in September, Minister of Corporate Affairs Prem Chand Gupta had announced that the CCI would be fully functional by the middle of next year.
The CCI has asked the companies to explain within 30 days why an investigation should not be ordered.
10 companies and industry body penalised for cartelisation, likely to take legal recourse.
CCI, sector regulators may consult each other if jurisdictions overlap
A gender row involving two female boxers at the Paris 2024 Olympics was the result of a Russian fake news campaign, said International Olympic Committee (IOC) president Thomas Bach.
