India: CCI approvals for M&As may be fast-tracked

India: CCI approvals for M&As may be fast-tracked

An Indian government panel on antitrust regulation has recommended faster clearances for mergers and acquisitions that do not stifle competition, but is silent on the curbs placed on e-commerce companies last year. The Competition Law Review Committee, led by Corporate Affairs Secretary Injeti Srinivas, on Wednesday, August 14, submitted the recommendations on revamping antitrust regulation […]

India: Google probe sparked by junior antitrust researchers

India: Google probe sparked by junior antitrust researchers

Two junior Indian antitrust research associates and a law school student were behind a complaint that sparked a probe into Google’s alleged anti-competitive practices in the country, reported Reuters. The Competition Commission of India (CCI) ordered a full-blown investigation into Alphabet’s Google in April for alleged abuse of its Android platform to hurt rivals, but […]

India: CCI asks companies for info on agreements with Google

India: CCI asks companies for info on agreements with Google

The investigation wing of the Competition Commission of India (CCI) has sought details of agreements between smartphone makers and Google or its group companies as the anti-trust regulator deepens its probe into allegations of misuse of market share by the Android operating system (OS). This follows the European Union having fined Google over abuse of […]

India: Amazon, Walmart’s Flipkart unlikely to respond to key queries in India antitrust study

India: Amazon, Walmart’s Flipkart unlikely to respond to key queries in India antitrust study

Amazon.com and Walmart Inc’s Flipkart are unlikely to fully participate in an Indian antitrust body’s study of the e-commerce sector for fear of revealing trade secrets, two people with direct knowledge of the matter said. The Competition Commission of India (CCI) is engaged in what it describes as a “fact-finding exercise” aimed at better understanding […]

India: Bandhan Bank gets CCI approval to acquire Gruh Finance

India: Bandhan Bank gets CCI approval to acquire Gruh Finance

Kolkata-based Bandhan Bank Tuesday said it has received approval of the Competition Commission of India (CCI) for the proposed acquisition of Gruh Finance. Gruh Finance, the affordable housing finance arm of HDFC, was taken over in January by Bandhan Bank in a share-swap deal. Last month, the private sector lender received a nod in this regard […]

India: Regulator approves L&T’s Mindtree buy

India: Regulator approves L&T’s Mindtree buy

The Competition Commission of India (CCI) in a tweet wrote that India’s engineering and infrastructure major Larsen & Toubro’s (L&T) deal to acquire 66.15% of the total equity shareholding of Mindtree Limited has been approved. Founders of Mindtree have publicly attacked L&T’s acquisition proposal despite the latter claiming that it would let the Bengaluru-based firm […]

India: Varun Beverages’ PepsiCo deal approved

India: Varun Beverages’ PepsiCo deal approved

PepsiCo India’s bottling partner Varun Beverages (VBL) on Monday, March 25, announced it has received nod from the Competition Commission of India (CCI) for its proposal to acquire franchise rights of the foods and snacks major in southern and western India. The CCI in its meeting held on March 22 considered and approved the proposed […]

India: Glencore business raided by regulator

India: Glencore business raided by regulator

According to an exclusive report form Reuters, India’s antitrust watchdog raided units of global commodities trader Glencore and two other firms in Mumbai on Saturday, March 16, in an inquiry into alleged collusion on the price of pulses. More than 25 antitrust officials carried out the raids at the offices of local units of Glencore […]

India: RPT-DP World asks court to halt antitrust probe

India: RPT-DP World asks court to halt antitrust probe

Dubai’s DP World has asked an Indian court to halt an investigation into alleged antitrust violations at the country’s largest container port in Mumbai, claiming saying the regulator was seeking excessive information, a court document seen by Reuters showed.   The Competition Commission of India (CCI) last year announced said it suspected antitrust violations by […]

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