Spinning mills want CCI to procure cotton next season to help meet their demand

Spinning mills in South India, particularly the ones in Tamil Nadu, have urged the Center to ask the Cotton Corporation of India (CCI) to purchase cotton next season starting October and make it available only to mills than traders. However, CCI is unlikely to purchase cotton for such purpose, although it is likely to buy … Read more

Digital markets: CCI studying feasibility and relevance of “ex-ante” regulations in Indian context, says Chairperson Gupta

The Competition Commission of India (CCI) is studying the “relevance and feasibility” of introducing “ex-ante” regulations to deal with digital markets in the Indian context, its Chairperson Ashok Kumar Gupta said on Saturday. This remark of Gupta is significant as it comes at a time when competition authorities globally are grappling with challenges posed by … Read more

CCI advocates transparency in policies of cab aggregators

The Competition Commission of India (CCI) has issued an advisory to cab aggregators to adopt self-regulatory measures to address information asymmetry and transparency concerns of customers. A basic level of transparency must be practiced through the adoption of self-regulatory measures by the cab aggregators, the competition watchdog has said. This could be done by providing … Read more

Future Coupons case: SC to hear Amazon’s appeal against NCLAT order backing CCI on Friday

The Supreme Court will Friday hear an appeal filed by American e-Commerce giant Amazon challenging the National Company Law Appellate Tribunal (NCLAT) order upholding the Competition Commission of India’s decision to suspend approval for the investment deal between the e-commerce major and a Future Group company dating back to 2019. In its appeal before the … Read more

CCI nod for 7.49% stake sale in Aditya Birla Fashion to the Caladium Investment

Competition Commission of India (CCI) approves acquisition of approximately 7.49 per cent shareholding in Aditya Birla Fashion and Retail Limited (ABFRL) on a fully diluted basis by the Caladium Investment Pte.

Merger scrutiny: New Competition Bill seeks to set the threshold bar lower on ‘control’ definition

The Center proposes to amend competition law so as to introduce a lower threshold of “control” — a key metric for notifiability of M&A transactions to CCI — for the purposes of deciding on merger scrutiny by the Competition Commission of India (CCI). This proposal once enacted could pave the way for clarity in competition … Read more

Competition success review – The Hindu BusinessLine

The Competition Amendment Bill, 2022, introduced in Parliament earlier this month, marks a significant effort to align a two-decade-old law with today’s realities. A salient feature of the Bill is its effort to regulate transactions in the digital space, which may escape the radar of the competition law in its present form. Therefore, Section 5 … Read more

How CCI wants to bust hard core cartels via new “Leniency plus” regime

India plans to introduce a “Leniency plus” program — a new cartel detecting tool — that would encourage companies already under investigation for one cartel to report other cartels unknown to the competition regulator. This proposed regime of “leniency plus” is part of the recent Competition (Amendment) Bill 2022 introduced in the Lok Sabha during … Read more

CCI approves Adani Group’s $10.5 b acquisition of Holcim’s stake in Ambuja Cements

The Competition Commission of India (CCI) has approved the acquisition of Swiss Cement major Holcim’s stake in Ambuja Cements Ltd and its subsidiary ACC Ltd by Endeavor Trade and Investments, an Adani Group company. It may be recalled that Adani Group had in May this year entered into a $10.5 billion deal to acquire Holcim’s … Read more

WhatsApp has not abused its dominant position in India, rules NCLAT

The NCLAT has set aside a petition and upheld a 2017 CCI order that dismissed a complaint of predatory pricing against the instant messaging platform WhatsApp. The National Company Law Appellate Tribunal (NCLAT) said no doubt WhatsApp has a ‘dominant position’ but it has not ‘abused its dominant position’ based on inputs provided by the … Read more