Karnataka HC deals blow to Amazon, Walmart”s Flipkart in antitrust case

Amazon The Competition Commission of India (CCI) announced a probe in January 2020 into Amazon and Flipkart following a complaint from a trader group that alleged they were promoting some “preferred sellers” and in turn hurting business for other, smaller sellers. Source link

Finance Minister urges CCI to take ‘market friendly’ tack

The CCI’s emphasis on creating a ‘trust-based system’ was important for economies like India, says Nirmala Sitharaman Finance and Corporate Affairs Minister Nirmala Sitharaman on Thursday urged the Competition Commission of India (CCI) to adopt a ‘free market’ approach and become a market-friendly regulator to help businesses recover from COVID-19’s adverse effects. “Referring to the … Read more

CCI orders probe against Tata Motors

The Competition Commission of India (CCI) has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to dealership agreements. The order has come on two complaints filed against Tata Motors, Tata Capital Financial Services Ltd and Tata Motors Finance Ltd. (opposite parties). The CCI observed that the complainants were … Read more

Tatas deal to buy up to 64.3% stake in BigBasket gets CCI approval – Times of India

NEW DELHI: Competition Commission of India has approved Tatas’ proposal to acquire up to 64.3 per cent stake in BigBasket, a deal that will provide the diversified group a strong foothold in the fast-growing online grocery market. Under the deal, Tata Digital Ltd (TDL) will purchase up to 64.3 per cent of the total share … Read more

Privacy policy: Delhi HC verdict likely on WhatsApp, Facebook pleas against CCI order on April 22

New Delhi: The Delhi High Court is expected to pronounce its verdict on pleas by social media platforms Facebook and WhatsApp challenging competition regulator CCI’s order directing a probe into the latter’s new privacy policy. The HC bench, which on April 13 had reserved judgement on the two separate petitions, will pronounce the verdict on … Read more

Good news for Google Pay users in India, now you can delete transaction history

New Delhi: In a fresh bid to secure Google Pay users in India, the company on Thursday announced more choices and controls to manage transaction data on the digital payments platform. The users can now view and delete individual transactions and activity records that they don’t want used to personalise their Google Pay experience, by … Read more

A case for better tax-policies for MSMEs

Economies across the world came to a standstill over the last one year as a result of the pandemic, and subsequent lockdowns. There is no denying that one of the worst hit businesses during these challenging times were the micro, small and medium enterprises (MSMEs), especially in India. The sector saw shuttered factories, kirana stores, … Read more

Competition Commission dismisses complaint against ICICI Bank

NEW DELHI: The Competition Commission of India (CCI) has dismissed a complaint of abuse of dominant position made against ICICI Bank with respect to the home loan segment. It was alleged that there were one-sided clauses in loan agreement and that housing finance banks were indulging in cartelisation by way of having same clauses. The … Read more

Competition Comm dismisses complaint against Bar Council of India

The Competition Commission of India (CCI) has dismissed a complaint which alleged that the Bar Council of India (BCI) was abusing its dominant position with respect to legal education in the country. The complaint was regarding the BCI rules that impose maximum age restrictions for new entrants into the legal education. It was also alleged … Read more

Sebi approves Reliance Retail’s acquisition of Future Group’s retail assets

The Securities and Exchange Board of India (Sebi) has approved Reliance Retail’s acquisition of Future Group’s retail assets on Wednesday. The BSE on Wednesday said, based on the comment offered by SEBI, it has no adverse observations on the listing or de-listing requirements and the company can file the scheme with National Company Law Tribunal … Read more