[

competition commission of india

]
The probe into Amazon and Flipkart is restarting at a time when both are battling accusations from offline retailers that their complex business structures allow them to circumvent foreign investment rules for e-commerce.(AP | Representational image)

India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies

Reuters | , New Delhi
PUBLISHED ON JUN 15, 2021 01:02 PM IST
The comments come as major US technology firms including Twitter Inc and Facebook Inc are at loggerheads with the government over issues such as data privacy bills and policies some industry executives have called protectionist.
IBM’s MIS business in India is presently housed in Network Solutions Pvt. Ltd and IBM India, which are indirect wholly owned subsidiaries of IBM.(Reuters)
IBM’s MIS business in India is presently housed in Network Solutions Pvt. Ltd and IBM India, which are indirect wholly owned subsidiaries of IBM.(Reuters)

CCI clears IBM internal restructuring plan

Livemint | By Gireesh Chandra Prasad, New Delhi
PUBLISHED ON MAY 12, 2021 06:29 AM IST
An official statement from the competition watchdog said the transaction notified by two new companies set up as part of IBM’s internal reorganisation—Kyndryl Holdings LLC and Grand Ocean Managed Infrastructure Services Pvt. Ltd—has been approved.
WhatsApp said in January it was updating its privacy policy to allow it to share some user data with parent Facebook and other companies in the group.(File photo/Representative image)
WhatsApp said in January it was updating its privacy policy to allow it to share some user data with parent Facebook and other companies in the group.(File photo/Representative image)

Competition Commission of India orders probe into WhatsApp's new privacy policy

Reuters | , New Delhi
PUBLISHED ON MAR 24, 2021 07:45 PM IST
The antitrust order also comes as WhatsApp sets out to expand its digital payment services to millions of Indians.
Existence of a large number of players in the home loan market shows that ICICI Bank cannot operate independently in the market(Hemant Mishra/ Mint file photo)
Existence of a large number of players in the home loan market shows that ICICI Bank cannot operate independently in the market(Hemant Mishra/ Mint file photo)

Competition Commission dismisses complaint against ICICI Bank

PTI | , New Delhi
PUBLISHED ON JAN 28, 2021 04:28 PM IST
  • In its order passed on Wednesday, the regulator said the allegations of abuse of dominance specifically relate to arbitrary increase in interest rate on home loan and increase in tenure of home loan by the bank on the basis of one-sided conditions in the loan agreement.
The debt-ridden Future Group had agreed to sell various assets of Future Retail to Reliance for ₹24,713 crore in August.(Mint)
The debt-ridden Future Group had agreed to sell various assets of Future Retail to Reliance for ₹24,713 crore in August.(Mint)

CCI approves RIL, Future Retail deal

Livemint, Mumbai | By Kalpana Pathak
UPDATED ON NOV 21, 2020 04:20 AM IST
Amazon had complained to CCI as well as Sebi that the sale violated contractual agreements between Future and Amazon.
Google will pick up 7.73% stake in RIL’s technology venture Jio Platforms for Rs 33,737 crore.(Bloomberg File Photo)
Google will pick up 7.73% stake in RIL’s technology venture Jio Platforms for Rs 33,737 crore.(Bloomberg File Photo)

Google to approach CCI for approval on Rs 33,737 crore deal with Jio Platforms

New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON JUL 23, 2020 02:14 AM IST
Google and Jio are partnering to build an operating system that could power affordable 4G and 5G smartphones.
Lack of regulatory clearances have meant WhatsApp has struggled to offer the service to its around 400 million users in India, its biggest market worldwide.(Reuters File Photo)
Lack of regulatory clearances have meant WhatsApp has struggled to offer the service to its around 400 million users in India, its biggest market worldwide.(Reuters File Photo)

India watchdog reviewing antitrust allegations against Facebook’s WhatsApp: Report

New Delhi | By Reuters | Posted by Kanishka Sarkar
UPDATED ON MAY 16, 2020 09:09 AM IST
The antitrust complaint alleges that WhatsApp’s large user base meant it was dominant in the messaging app market, and the company was forcing its payments feature on to its existing users.
Data-driven innovation, on the other hand, is centred on identifying efficiency gaps in traditional business models and fixing them using an assortment of data mining and predictive analytics(Digital Storm/Shutterstock.com)
Data-driven innovation, on the other hand, is centred on identifying efficiency gaps in traditional business models and fixing them using an assortment of data mining and predictive analytics(Digital Storm/Shutterstock.com)

Reforming competition law for the digital age | Opinion

By Ananth Padmanabhan
UPDATED ON FEB 17, 2020 06:15 PM IST
It’s important to address the issue of data dominance that an acquisition in the tech industry could throw up.
The court order comes as a breather to Amazon and Flipkart amid intensifying scrutiny of e-commerce companies by Indian authorities.(Ramesh Pathania/Mint Photo)
The court order comes as a breather to Amazon and Flipkart amid intensifying scrutiny of e-commerce companies by Indian authorities.(Ramesh Pathania/Mint Photo)

Karnataka high court stays CCI probe against Flipkart, Amazon

Mint, New Delhi/Bengaluru | By Sharan Poovanna and Mihir Dalal
UPDATED ON FEB 15, 2020 05:58 AM IST
The Karnataka high court has granted eight weeks to the e-commerce majors to file their responses.
According to a research note by CARE Ratings, e-tail accounted for $24 billion, just 3% of the total retail market in 2018, with the latter being dominated by mom-and-pop stores(AFP)
According to a research note by CARE Ratings, e-tail accounted for $24 billion, just 3% of the total retail market in 2018, with the latter being dominated by mom-and-pop stores(AFP)

E-tail: Look at consumer- and employee-interest

Hindustan Times | By HT Correspondent
UPDATED ON JAN 20, 2020 08:13 PM IST
The government must also intervene if firms are exploiting vulnerable workers
CCI’s order comes ahead of Amazon founder Jeff Bezos’ visit to India this week.(Reuters File Photo)
CCI’s order comes ahead of Amazon founder Jeff Bezos’ visit to India this week.(Reuters File Photo)

CCI orders anti-trust probe against Flipkart, Amazon

Livemint, Bengaluru | By Madhurima Nandy
UPDATED ON JAN 14, 2020 09:03 AM IST
CCI noted four alleged practices on both Flipkart and Amazon—exclusive launch of mobile phones, preferred sellers on the platforms, deep discounting and preferential promotion of private labels.
The complaint against the two companies was filed by Delhi Vyapar Mahasangh, a group representing small- and medium-sized businesses. (Reuters)
The complaint against the two companies was filed by Delhi Vyapar Mahasangh, a group representing small- and medium-sized businesses. (Reuters)

Competition watchdog orders probe against Amazon, Walmart’s Flipkart

New Delhi | By HT Correspondent
UPDATED ON JAN 13, 2020 09:57 PM IST
The Competition Commission of India (CCI) said it was ordering a wider probe following a review of allegations that Amazon and Flipkart were promoting some “preferred sellers” and in turn hurting business for other, smaller sellers.
This year’s crisis is rooted in a genuine supply crunch, triggered by first a sluggish start to the monsoon and then delayed harvests due to untimely rains(Bloomberg)
This year’s crisis is rooted in a genuine supply crunch, triggered by first a sluggish start to the monsoon and then delayed harvests due to untimely rains(Bloomberg)

Decoding the onion price rise

Hindustan Times | By HT Correspondent
UPDATED ON DEC 02, 2019 07:21 AM IST
India lacks a robust yearly agricultural outlook, which refers to a tightly scanned, market intelligence-based forecast of availability and prices.

Nirmala Sitharaman Press Meet Highlights: Finance Minister announces mega merger of 10 state-run banks into 4 banks

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON AUG 30, 2019 07:55 PM IST

Union Finance Minister Nirmala Sitharaman addressed a press conference amid expectations that government would announce more steps to accelerate economic growth.On Thursday, the union minister held a media briefing where she discussed development schemes for the northeast region besides direct tax and GST.“We can front-load some public spending by the Centre,” Sitharaman said during the press conference in Guwahati. A week earlier, finance minister had asked the Competition Commission of India to protect Indian businesses and consumers against foreign companies by taking suo motu action against them.Read highlights here:

Finance Minister Nirmala Sitharaman(ANI photo)
Finance Minister Nirmala Sitharaman(ANI photo)

CCI 2.0 to look at what is developing globally: Sitharaman to CCI

New Delhi | By Indo Asian News Service
UPDATED ON AUG 23, 2019 06:57 PM IST
Finance Minister on Friday asked fair market regulator the Competition Commission of India to guard Indian businesses and consumers against foreign companies, which have no presence in India, by taking suo motu action against them.
The Competition Commission of India (CCI) has imposed a penalty of Rs 13.82 crore on Jaiprakash Associates Limited (JAL).(File Photo)
The Competition Commission of India (CCI) has imposed a penalty of Rs 13.82 crore on Jaiprakash Associates Limited (JAL).(File Photo)

Realty firm Jaypee fined Rs 14 cr for imposing arbitrary conditions on buyers

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON AUG 13, 2019 12:52 PM IST
Based on the investigation, Competition Commission of India found that the standard terms and conditions imposed by JAL were one-sided and couched in a manner so as to unilaterally favour itself and be unfavourable to the consumers, an official statement said.
The deliberations around an antitrust review come at a time when the Big Four are facing increased scrutiny in India. (Pradeep Gaur/Mint photo)
The deliberations around an antitrust review come at a time when the Big Four are facing increased scrutiny in India. (Pradeep Gaur/Mint photo)

Govt seeks antitrust review of ‘Big Four’ auditing firms

Hindustan Times, New Delhi/Mumbai | By Reuters
UPDATED ON JUL 23, 2019 01:32 AM IST
The Competition Commission of India (CCI) needs to conduct a survey or an investigation to assess whether the Big Four that include PwC, EY, Deloitte and KPMG are abusing their dominant position in the Indian audit market, said the official, who did not wish to be named.
Digital markets have unique characteristics. The network externalities that help an Uber attract more cab drivers as its user base grows, and vice versa, or the feedback loops that let Google improve its search engine the more search data it captures, mean that market concentration is inevitable(Getty Images)
Digital markets have unique characteristics. The network externalities that help an Uber attract more cab drivers as its user base grows, and vice versa, or the feedback loops that let Google improve its search engine the more search data it captures, mean that market concentration is inevitable(Getty Images)

The problems of regulating digital markets

By Vikram Sinha
PUBLISHED ON JUN 12, 2019 08:27 AM IST
Modern competition policies are poorly equipped to deal with the unique nature of digital markets.
The CCI document features 88 questions over 12 pages requesting recipients volunteer pricing strategies, product information and the identities of their biggest-selling vendors(Mint)
The CCI document features 88 questions over 12 pages requesting recipients volunteer pricing strategies, product information and the identities of their biggest-selling vendors(Mint)

Amazon, Flipkart unlikely to fully participate in Indian antitrust body’s study: Report

New Delhi | By Reuters
UPDATED ON MAY 28, 2019 05:16 PM IST
Amazon and Flipkart are among India’s largest e-commerce companies so their participation in any such survey could carry significant weight. Yet the pair are unlikely to answer questions in full as doing so would involve disclosing commercially sensitive information
A still from ‘Saajanji ghar aaye’ in the 1998 film Kuch Kuch Hota Hai, which starred Shah Rukh Khan, Salman Khan (above), Kajol and Rani Mukerji. The film formula through this decade was clear — pack in as many stars as possible, build in a ‘big dance number’, set that number in a giant hall (preferably with a staircase towards the back), then fill the space with dancers.
A still from ‘Saajanji ghar aaye’ in the 1998 film Kuch Kuch Hota Hai, which starred Shah Rukh Khan, Salman Khan (above), Kajol and Rani Mukerji. The film formula through this decade was clear — pack in as many stars as possible, build in a ‘big dance number’, set that number in a giant hall (preferably with a staircase towards the back), then fill the space with dancers.

It’s a slow fadeout for Bollywood’s background dancers

Hindustan Times | By Madhusree Ghosh
UPDATED ON DEC 01, 2018 09:17 PM IST
As films change, with fewer songs and carefully crafted dance sequences, the professional dancer is being replaced by eager youngsters out for a lark and foreigners wanting to cross this off their bucket lists.
In its judgement, the CCI ruled that there was no evidence the two cab aggregators had conspired to fix prices.(HT File Photo)
In its judgement, the CCI ruled that there was no evidence the two cab aggregators had conspired to fix prices.(HT File Photo)
Be it the well-known water affidavit (in picture) scam or the cancellation of the tendering process for the mega, Rs 3,300 crore 24x7 water scheme on suspicion of bid rigging; the story is very similar in department after department of the PMC.(HT PHOTO)
Be it the well-known water affidavit (in picture) scam or the cancellation of the tendering process for the mega, Rs 3,300 crore 24x7 water scheme on suspicion of bid rigging; the story is very similar in department after department of the PMC.(HT PHOTO)

Monday Musings: Civic spending needs forensic accounting

Hindustan Times, Pune | By Abhay Vaidya
UPDATED ON OCT 08, 2018 02:21 PM IST
At least one citizen’s group must take the help of forensic accountants to closely monitor civic spending
In May, Walmart announced acquisition of 77 per cent stake of Flipkart in its biggest takeover till date.(Mint)
In May, Walmart announced acquisition of 77 per cent stake of Flipkart in its biggest takeover till date.(Mint)

CCI clears US $16 billion Walmart-Flipkart deal

Press Trust of India | By Press Trust of India
PUBLISHED ON AUG 08, 2018 09:43 PM IST
Welcoming the regulator’s decision, Walmart said it remains committed to contributing to the Indian economy by supporting smallholder farmers, manufacturers, and its Kirana customers.
US retail behemoth Walmart is slated to buy a 77% stake in Indian e-commerce giant Flipkart for $16 billion.(AFP Photo)
US retail behemoth Walmart is slated to buy a 77% stake in Indian e-commerce giant Flipkart for $16 billion.(AFP Photo)

Retailers to move CCI against Flipkart-Walmart deal

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON MAY 22, 2018 02:12 PM IST
The Confederation of All India Traders (CAIT) said that it will move fair trade regulator CCI to file objections on the proposed Walmart-Flipkart deal, claiming that the agreement would lead to an uneven playing field and massive job losses.
A total of six firms colluded with the civic officials and rigged the bid while filing the tenders for thermal composting plants in 2014, including the one on Ghole road in Pune (in picture).(HT FILE PHOTO)
A total of six firms colluded with the civic officials and rigged the bid while filing the tenders for thermal composting plants in 2014, including the one on Ghole road in Pune (in picture).(HT FILE PHOTO)

How a citizens’ group exposed bid-rigging scam in Pune Municipal Corporation

Hindustan Times, Pune | By HT Correspondent
UPDATED ON MAY 11, 2018 03:04 PM IST
It was an anonymous email that triggered the process: Nagrik Chetna Manch
the case relates to cartelisation and bid-rigging that has been established in tenders of Rs 14 crore pertaining to seven thermal composting plants at various locations in the city.(HT Representative Photo)
the case relates to cartelisation and bid-rigging that has been established in tenders of Rs 14 crore pertaining to seven thermal composting plants at various locations in the city.(HT Representative Photo)

Monday Musings: BJP on test: How will it deal with corruption in PMC?

Hindustan Times, Pune | By Abhay Vaidya
UPDATED ON MAY 07, 2018 03:36 PM IST
PM Narendra Modi’s promise to the nation that he will root out corruption from the country comes to mind.
The nexus between PMC officials and contractors for rigging the bids was exposed in detail by Hindustan Times in a series of reports in October 2017.(HT FILE PHOTO)
The nexus between PMC officials and contractors for rigging the bids was exposed in detail by Hindustan Times in a series of reports in October 2017.(HT FILE PHOTO)

When will PMC act against officials involved in bid-rigging?

Hindustan Times, Pune | By HT Correspondent
UPDATED ON MAY 05, 2018 02:51 PM IST
As reported by Hindustan Times on May 3 ‘Six PMC contractors fined Rs 3.57 crore,’ the Competition Commission of India (CCI) in its final order has imposed a fine of Rs 3.57 crores on six firms for colluding with Pune Municipal Corporation officials and undertook bid rigging while filing tenders for thermal composting garbage plants in 2014.
The Competition Commission of India (CCI) has also indicted Pune Municipal Corporation (PMC) saying the civic body “failed to detect cartelization in its own tenders.”(HT PHOTO)
The Competition Commission of India (CCI) has also indicted Pune Municipal Corporation (PMC) saying the civic body “failed to detect cartelization in its own tenders.”(HT PHOTO)

Six Pune Municipal Corporation contractors fined 3.57 crore for rigging bids

Hindustan Times, Pune | By Yogesh Joshi
UPDATED ON MAY 04, 2018 02:55 PM IST
The Competition Commission of India takes action based on the of complaint filed by Nagrik Chetna Manch
SHARE
Story Saved