News for 'Competition Commission'

Independent commission to urgently probe doping allegations: WADA

Independent commission to urgently probe doping allegations: WADA

Rediff.com8 Aug 2015

The World Anti-Doping Agency (WADA) said on Friday its Independent Commission will urgently launch an investigation into widespread doping allegations against international athletics.

Prabhu asks Jaitley to handhold Railways through Pay Commission burden

Prabhu asks Jaitley to handhold Railways through Pay Commission burden

Rediff.com1 Jan 2016

Prabhu hoped that during this 3-4 years period, railways would be able to absorb the impact from their resources

Will proposed M&A norms benefit the industry?

Will proposed M&A norms benefit the industry?

Rediff.com20 Apr 2011

Indian industry should welcome the implementation from June 1 of the new merger and acquisition (M&A) norms under sections 5 and 6 of the Competition Act, 2002.

EC wants parties to give info on financial viability of poll promises

EC wants parties to give info on financial viability of poll promises

Rediff.com4 Oct 2022

Amid a debate on the freebies, the Election Commission on Tuesday proposed amending the model code to ask political parties to provide authentic information to voters on the financial viability of their poll promises.

1300 roads blocked, 40 bridges damaged in HP rains

1300 roads blocked, 40 bridges damaged in HP rains

Rediff.com11 Jul 2023

Around 300 people, mostly tourists, are stuck in camps at Chandertal, located at an altitude of 14,100 feet, following rain and snowfall in the region.

What Manipur govt's latest status report to SC says

What Manipur govt's latest status report to SC says

Rediff.com10 Jul 2023

The report urged the top court that the matter may be taken up by the petitioners and other parties with utmost sensitivity as any misinformation or rumour or even suspicion may aggravate the situation in Manipur, where things are slowly returning to normal with the concerted efforts of the central and the state governments.

Pre-payment penalty on loans? Banks under lens

Pre-payment penalty on loans? Banks under lens

Rediff.com2 Nov 2009

Several banks and housing finance companies have come under the scanner of the competition watchdog for imposing penalty on pre-payment of loans.

Diesel prices will rise but not in concert

Diesel prices will rise but not in concert

Rediff.com14 Feb 2013

Next phase of rise will unlikely be a combined exercise from the three oil marketing companies.

United Spirits, Diageo hold discussions with CCI

United Spirits, Diageo hold discussions with CCI

Rediff.com11 Feb 2013

The companies have postponed their open offer, too.

Amazon gets show-cause notice from CCI

Amazon gets show-cause notice from CCI

Rediff.com22 Jul 2021

Amazon on Thursday said it has received a show-cause notice from the Competition Commission of India (CCI) based on a complaint filed by Future Group, with which the e-commerce major is locked in a legal battle. The American company and Future Group - one of the biggest retail companies in the country - have been engaged in a bitter tussle after the latter entered into a Rs 24,713 crore deal with Reliance Industries for its retail, logistics and warehousing assets. "We are in receipt of a show-cause notice from the CCI based on the complaint filed by Future as a part of an ongoing dispute.

Surge pricing: Ola, Uber to come under CCI lens

Surge pricing: Ola, Uber to come under CCI lens

Rediff.com5 Jan 2018

A surge in taxi fares earlier led Maharashtra govt to set up committee to recommend prices for these players

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

India deserves upgrade in sovereign rating: Chidambaram

India deserves upgrade in sovereign rating: Chidambaram

Rediff.com20 May 2013

India deserves a rating upgrade in view of improvement in macro-economic situation, the conservative outlook of Standard & Poor's notwithstanding, Finance Minister P Chidambaram said.

Profiteering Charges In GST Leave Companies Perplexed

Profiteering Charges In GST Leave Companies Perplexed

Rediff.com13 Jul 2022

Provisions in the Central GST Act say reduction in GST rates or the benefit of ITC must be passed on to consumers.

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.

Private power producers take Coal India to CCI

Private power producers take Coal India to CCI

Rediff.com7 Nov 2012

CIL is charged of discriminating in favour of public sector firms in the reworked format of fuel supply agreements.

No automatic route for FDI into existing pharma firms

No automatic route for FDI into existing pharma firms

Rediff.com9 Nov 2011

Tightening the norms, the government has done away with automatic approval of foreign direct investment (FDI) in the existing pharmaceutical companies.

Approvals in place for Diageo-USL deal: Mallya

Approvals in place for Diageo-USL deal: Mallya

Rediff.com5 Mar 2013

The CCI in an order dated February 26 approved Diageo's proposed majority stake purchase in Mallya-led United Spirits, saying the deal would not have adverse impact on competition.

Amazon seeks to acquire complete control of Prione

Amazon seeks to acquire complete control of Prione

Rediff.com22 Dec 2021

E-commerce major Amazon on Wednesday said it will acquire Prione Business Services - its joint venture firm with Catamaran, subject to requisite regulatory approvals. Prione Business Services was formed in 2014 and was coming up for renewal on May 19, 2022. In August this year, Amazon and NR Narayana Murthy's Catamaran announced that they will not continue their JV beyond May 2022. The two parties had not disclosed the reason behind the decision.

Five tyre firms operated as cartel, finds CCI probe

Five tyre firms operated as cartel, finds CCI probe

Rediff.com5 Mar 2016

Between 2011 and 2014, they indirectly determined the price of tyres in the market, says report

Should Big Tech be broken up?

Should Big Tech be broken up?

Rediff.com16 Aug 2020

Are the big five using their dominance to shut out rivals? That is the key question, says Prosenjit Datta.

NHRC notices to Sports Ministry, SAI over cyclist complaint

NHRC notices to Sports Ministry, SAI over cyclist complaint

Rediff.com10 Jun 2022

Reportedly, as per SAI, the complainant was immediately brought back to India mid-way through her training to ensure her safety. The SAI has prima facie found the allegation as true, it said.

Diageo open offer for USL to start on April 10

Diageo open offer for USL to start on April 10

Rediff.com3 Apr 2013

The offer is to close on April 26 and the price is fixed at Rs 1,440 a share.

Zomato, Swiggy hit by hour-long technical glitch on April 6

Zomato, Swiggy hit by hour-long technical glitch on April 6

Rediff.com7 Apr 2022

Food delivery apps Zomato and Swiggy reported a nationwide outage on Wednesday. Both the platforms witnessed technical glitches and were unresponsive for almost an hour. Downdetector, a platform that collects status reports from a series of sources, recorded about 3,619 reports of outage against Zomato at 2:05 PM and about 771 reports of outage against Swiggy at around 2:21 PM. According to the sources, the outage was caused by Amazon Web Services (AWS), a cloud-services platform, which runs both platforms. Though Swiggy and Zomato are working now, some customers reported that the issue has not been solved completely and they are not able to place orders and there are payment related issues.

SC asks NGT to set up accountable mechanism to monitor sewage plants in UP

SC asks NGT to set up accountable mechanism to monitor sewage plants in UP

Rediff.com30 Mar 2023

A bench of Chief Justice DY Chandrachud and justices PS Narasimha and JB Pardiwala passed the order after hearing an application of Uttar Pradesh government seeking more time to install and operationalise 100 per cent STP coverage in the state.

Gujarat is no Pakistan: Fadnavis on Vedanta row

Gujarat is no Pakistan: Fadnavis on Vedanta row

Rediff.com17 Sep 2022

Maharashtra fell behind Gujarat in attracting foreign investment during the MVA's tenure but in the next two years the present government would take Maharashtra ahead, said Fadnavis.

Seventh Pay Commission's biggest losers: The armed forces

Seventh Pay Commission's biggest losers: The armed forces

Rediff.com24 Nov 2015

The 7th CPC places the Indian Police Service (and, almost in passing, the Indian Forest Service) on a level with the Indian Administrative Service, leaving the military out in the cold.

MRTPC hobbled by staff shortage

MRTPC hobbled by staff shortage

Rediff.com17 Nov 2008

The govt is not keen to fill the vacancies as it will be replaced by the CCI. Officials say the government is not keen to fill the vacancies as the body will be replaced by the CCI. However, even after CCI is notified, the MRTPC will function for two more years to clear the cases it is hanling at present. The MRTPC is still taking fresh cases.

Buying a home? Do this reality check first

Buying a home? Do this reality check first

Rediff.com7 Sep 2011

The buy/sale agreement between the two parties is back in focus.

Kamal Haasan sues exhibitors over DTH dispute

Kamal Haasan sues exhibitors over DTH dispute

Rediff.com11 Jan 2013

His film Vishwaroopam is now likely to release on January 18.

Future Retail guilty of financial irregularities, says Amazon

Future Retail guilty of financial irregularities, says Amazon

Rediff.com26 Nov 2021

US e-commerce giant Amazon has written to the independent directors of Future Retail Limited (FRL), including Gagan Singh, Ravindra Dhariwal and Jacob Mathew, and its audit committee, providing data and alleging that there have been significant financial irregularities to the prejudice of public shareholders, banks, creditors, and third-party suppliers. Amazon has said this warrants a thorough and independent examination of all relevant facts and related-party transactions, including of past financial years, by an independent agency. Separately, Amazon has written to Securities and Exchange Board of India Chairman Ajay Tyagi, seeking the withdrawal of the regulator's conditional approval granted to FRL related to the merger deal between the Future group and Reliance.

CCI aims to clear 90% M&A deals in 60 days

CCI aims to clear 90% M&A deals in 60 days

Rediff.com3 Jan 2008

In a bid to assuage corporate India's fears over key aspects of the Competition Act, 2007, the Competition Commission of India has decided to ensure that 90 per cent merger and acquisition proposals put up for its approval are cleared within 60 days. The present timeline is 210 days.

Tribunal to hear Amazon's plea to stay CCI order on Feb 14

Tribunal to hear Amazon's plea to stay CCI order on Feb 14

Rediff.com7 Feb 2022

The National Company Law Appellate Tribunal (NCLAT) will hear e-commerce major Amazon's interim plea on February 14, seeking a stay over the order passed by fair trade regulator CCI that had suspended the over two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL). A three-member bench on Monday directed to list Amazon's plea on February 14 to pass an interim order and stay the operations of the order passed by the Competition Commission of India (CCI) in December last year till it finally decides the matter. "The registry is directed to list on February 14 for hearing," said the NCLAT bench. The appellate tribunal also directed to list the appeals filed by the Confederation of All India Traders (CAIT) and All India Consumer Product Distributors Federation on the same date.

Top bureaucrats eye high profile CCI jobs

Top bureaucrats eye high profile CCI jobs

Rediff.com2 May 2011

As many as 230 persons, including ex-Finance Secretary Ashok Chawla, former Corporate Affairs Secretary R Bandyopadhyay and other senior bureaucrats and eminent economists have lined up for the two high profile jobs at the country's anti-monopoly watchdog, Competition Commission of India (CCI).

Citing National Security, India Bans Chinese Cos

Citing National Security, India Bans Chinese Cos

Rediff.com8 Jun 2023

The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services.

Mah Satyam-Tech M merger gets HC nod

Mah Satyam-Tech M merger gets HC nod

Rediff.com11 Jun 2013

Last year, Tech Mahindra and Mahindra Satyam announced their intention to merge aming to create a $2.4 billion entity.

Why the road ahead will be tough for M&A deals in India

Why the road ahead will be tough for M&A deals in India

Rediff.com21 Dec 2014

The year 2015 will be a tough year for mergers and acquisition.

Busting cartels: Panel plans amnesty

Busting cartels: Panel plans amnesty

Rediff.com14 Jan 2008

Competition Commission of India is considering amnesty plan to bust cartels.

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.