The order followed complaints against DLF Gurgaon Home Developers.
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.
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.
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
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.
Aviation regulators says airlines are free to fix fares.
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.
The Competition Commission of India will launch an investigation of Ericsson in regard to a patent dispute with Indian firm Micromax, Ericsson said.
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.
In order to reduce government litigations, the Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the various appellate authorities. It has recommended a monetary limit of Rs 20 lakh for GST Appellate Tribunal, Rs 1 crore for the High Court and Rs 2 crore for the Supreme Court for filing of appeals by the department before these legal forums, she said after the 53rd GST Council meeting held in New Delhi.
The Rajasthan Cricket Association (RCA) Monday pulled down pictures of Pakistan players from its lobby, protesting against the terrorist attack in Pulwama.
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.
High pilot utilisation, combined with a portion of pilots taking sick leave at the end of March has resulted in the cancellations during the last couple of days, chief executive officer (CEO) of Vistara, Vinod Kannan, said during a meeting with the pilots on Wednesday.
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 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.
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.
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.
'I remember walking up to him and telling him, "Sambhal ke khelna".'
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 Supreme Court on Thursday refused to entertain the plea of US tech giant Google against an order of the National Company Law Appellate Tribunal (NCLAT) refusing an interim stay on the competition regulator imposing a Rs 1,337 crore penalty on it. A bench of Chief Justice DY Chandrachud and Justices PS Narasimha and J B Pardiwala granted the US firm seven days to deposit 10 per cent of the penalty imposed by the Competition Commission of India (CCI).
'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.
Builders were questioned on unfair trade practices.
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.
As the market buzzes with news of Cipla promoters exiting the business through a stake sale and Ahmedabad-based Mehta family-led Torrent Pharmaceuticals racing to acquire its rival, Cipla, an analysis reveals that if the deal were to go through, both companies might need to divest as many as 15 brands to comply with Competition Commission of India (CCI) norms. A recent analysis by Bernstein shows that Cipla and Torrent share a presence in 332 products (based on product and molecule data from market research firm IQVIA). Bernstein analysts Nithya Balasubramanian and Parth Shah noted that, while this may appear as a high number, a significant portion of these products lack significance.
CIL is charged of discriminating in favour of public sector firms in the reworked format of fuel supply agreements.
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed a Rs 169 crore penalty imposed on Oravel Stays Ltd by the competition commission of India (CCI). Oravel Stays Ltd operates under the brand name Oyo. However, a two-member NCLAT bench while admitting the appeal filed by Oravel Stays Ltd (OSL) directed to deposit of 10 per cent of the penalty amount within six weeks.
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.
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.
Big time cricket will return at the Brabourne stadium
After failing to get a court order to block an antitrust ruling, Google on Wednesday said it will allow users in India to choose default search engine on Android-based smartphones. As part of the key changes the tech giant will make to its platforms and business in India in the aftermath of the landmark CCI ruling, OEMs (Original Equipment Manufacturers) will be able to license individual Google apps for pre-installation on their devices. Google is also updating the Android compatibility requirements to introduce changes for partners to build non-compatible or forked variants, the company said in its blog.
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 Competition Commission is understood to have issued demand notices to Google for its failure to pay within the stipulated time the penalties imposed on the internet major for anti-competitive practices, according to sources. Google has filed appeals before the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's (CCI) two orders in October. The appeals are yet to be heard by the tribunal.
The deal is the first major bank takeover in 4 years
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 Supreme Court on Monday said it will hear on January 18 a plea of US tech giant Google against an order of the National Company Law Appellate Tribunal (NCLAT) refusing an interim stay on the competition regulator imposing a Rs 1,337 crore penalty on it. The NCLAT, on January 4, had refused an interim stay on an order of the competition regulator and had asked Google to deposit 10 per cent of the amount. The NCLAT admitted the search giant's challenge to the CCI slapping a Rs 1,337.76 crore fine for abusing the dominant position of its Android smartphone operating system in the country.
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 National Company Law Appellate Tribunal on Friday issued notices to Zee Entertainment Enterprise Ltd (ZEEL) over the petitions filed by IDBI Bank and AXIS Finance against an NCLT order that approved the media company's merger with Culver Max Entertainment. However, a two-member NCLAT bench comprising chairman Justice Ashok Bhushan and Member Arun Baroka declined to grant any stay over the merger process during the pendency of the hearing. The appellate tribunal (NCLAT) has directed to list both petitions on January 8 for hearing, directing Zee Entertainment Enterprise Ltd to file a reply.
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