Fair trade regulator CCI on Wednesday issued the draft regulations for commitment and settlement provisions under the competition law. The provisions, introduced in the Competition Act through the amendments made earlier this year, are aimed at ensuring quicker market correction, according to the Competition Commission of India (CCI). Stakeholders can submit their comments on the … Read more
New Delhi: Companies could end up paying steeper fines for antitrust violations, as the central government plans to tweak the formula for calculating penalties under the Competition Act, said people familiar with the development. This tweak is likely to be part of the Competition Amendment Bill, which will be taken up by Parliament in its … Read more
Competition Commission Chairperson Ashok Kumar Gupta on Tuesday said the regulator has been pragmatic in levying and quantifying penalties as the enforcement actions are not divorced from business and economic realities. Gupta, who will be demitting office on Tuesday after being at the helm of the watchdog for nearly four years, also said that the … Read more
New Delhi: Shares of Zee Entertainment zoomed as much as 6 per cent in opening trade on Thursday after the company received conditional approval for the merger with Sony from the Competition Commission of India (CCI). The deal, announced a year ago, received the Competition Commission of India’s nod after the regulator accepted ‘voluntary remedies’ … Read more
Mumbai: The defence argument of debenture trustees in the Bombay High Court, to avoid a probe by the anti-trust regulator Competition Commission of India (CCI), has provided the market regulator the locus standi to launch its own investigation into alleged price cartels by the custodians of debt instruments. People with direct knowledge of the matter … Read more
Mumbai: As investment bankers and fund managers were preparing to open the champagne bottle after a bumper year for initial public offerings, the Securities & Exchange Board of India (Sebi) chairman fired a warning shot that tempered their celebrations. Ajay Tyagi followed up his December 22 speech on worries about the happenings in the primary … Read more
Apple Inc has asked India’s antitrust watchdog to throw out a case alleging abuse of market power in the apps market, saying it is too small a player in the South Asian country where Google is dominant, a filing seen by Reuters shows. The filing was made after the Competition Commission of India ( ) … Read more
A national digital drugs databank will help in addressing “information asymmetry” as well as provide key inputs in mapping the regulatory needs of different states, according to a pharmaceutical sector study conducted by the Competition Commission of India. The fair trade watchdog, which works on ways to foster competition and curb anti-competitive practices, in the … Read more
Google abused the dominant position of its Android operating system in India, using its “huge financial muscle” to illegally hurt competitors, the country’s antitrust authority found in a report on its two-year probe seen by Reuters. Alphabet’s Google reduced “the ability and incentive of device manufacturers to develop and sell devices operating on alternative versions … Read more
Lowering data privacy protection by dominant entities can be construed as abuse of dominant position, according to Competition Commission of India () chairman Ashok Kumar Gupta. “Lowering of privacy protection by dominant enterprises could be construed to be an abuse of dominant position and therefore fall within the ambit of antitrust as low privacy standards … Read more