The CCI suspended Amazon's deal with Future Group after it reviewed complaints that the American e-commerce giant concealed information while seeking regulatory approval. ⚡️
Read at
https://www.moneycontrol.com/news/business/cci-revokes-clearance-to-amazons-2019-deal-with-future-coupons-slaps-rs-200-crore-penalty-7838261.html?utm_source=telegram&utm_medium=social
#Amazon #CCI #FutureRetails
Read at
https://www.moneycontrol.com/news/business/cci-revokes-clearance-to-amazons-2019-deal-with-future-coupons-slaps-rs-200-crore-penalty-7838261.html?utm_source=telegram&utm_medium=social
#Amazon #CCI #FutureRetails
Moneycontrol
CCI suspends Amazon's 2019 deal with Future Coupons, slaps Rs 200-crore penalty
This happens at a time when Amazon and Future Group have been engaged in a rough battle in Indian courts after Future agreed to sell its assets to Mukesh Ambani's Reliance Group on a slump basis for Rs 24,500 crore last year.
In a major setback for #Amazon, India's competition watchdog CCI imposed a penalty of Rs 200 crore & revoked its 2019 deal with Future Coupons.
Vikas SN reports at
https://www.moneycontrol.com/news/business/key-penalties-imposed-on-amazon-across-the-world-a-brief-timeline-7838981.html
#Amazon #ECommerce #CCI
Vikas SN reports at
https://www.moneycontrol.com/news/business/key-penalties-imposed-on-amazon-across-the-world-a-brief-timeline-7838981.html
#Amazon #ECommerce #CCI
Moneycontrol
Key Penalties Imposed On Amazon Across The World: A Brief Timeline
Over the past year, the online retail giant has faced penalties from several antitrust regulators across the world on various grounds ranging from allegedly abusing its market dominance to violating GDPR and withholding driver tips.
In a major setback for Amazon, the CCI revoked the US e-commerce giant’s 2019 deal with Future Coupons.
Read at
https://www.moneycontrol.com/news/business/companies/heres-why-cci-suspended-the-deal-between-amazon-and-future-coupons-7838771.html
#Amazon #CCI #FutureGroup #FutureRetail
Read at
https://www.moneycontrol.com/news/business/companies/heres-why-cci-suspended-the-deal-between-amazon-and-future-coupons-7838771.html
#Amazon #CCI #FutureGroup #FutureRetail
Moneycontrol
Here's Why CCI Suspended The Deal Between Amazon And Future Coupons
The CCI order says Amazon misrepresented the true rationale for buying 49 percent stake in Future Coupons. The US e-commerce giant’s internal correspondence shows that it wanted foot in the door in the Indian retail sector, according to the competition watchdog.
#JustIn: CCI approved the acquisition of shareholding in national carrier Air India by Talace, an entity affiliated to salt-to-software conglomerate Tata Group.
Read more at ⬇️
https://www.moneycontrol.com/news/business/cci-approves-acquisition-of-shareholding-in-air-india-by-tata-group-7845821.html
#CCI #AirIndia #TataGroup #TataSons
Read more at ⬇️
https://www.moneycontrol.com/news/business/cci-approves-acquisition-of-shareholding-in-air-india-by-tata-group-7845821.html
#CCI #AirIndia #TataGroup #TataSons
The NCLAT stayed a recent order passed by the CCI against United Breweries Ltd, that imposed a Rs 751.8-crore penalty on the beer maker, UBL has agreed to comply with the directions issued
Read at https://www.moneycontrol.com/news/business/companies/nclat-stays-cci-order-against-ubl-on-condition-of-pre-depositing-10-of-penalty-amount-7859911.html?utm_source=telegram&utm_medium=social
#CCI #NCLAT #UnitedBreweriesLTD #Beer
Read at https://www.moneycontrol.com/news/business/companies/nclat-stays-cci-order-against-ubl-on-condition-of-pre-depositing-10-of-penalty-amount-7859911.html?utm_source=telegram&utm_medium=social
#CCI #NCLAT #UnitedBreweriesLTD #Beer
Moneycontrol
NCLAT stays CCI order against UBL on condition of pre-depositing 10% of penalty amount
UBL has agreed to comply with the directions issued by the NCLAT and will deposit the 10 percent of penalty amount "through a fixed deposit receipt within stipulated time" as mentioned in the order.
In a significant move, a two-judge bench of the #DelhiHighCourt has stayed the arbitration proceedings between #FutureGroup & Amazon India going on before the Singapore Arbitration Tribunal until further orders.
Read at https://www.moneycontrol.com/news/business/companies/future-group-amazon-delhi-high-court-stays-arbitration-proceedings-before-singapore-tribunal-7903171.html?utm_source=telegram&utm_medium=social
#Amazon #arbitration #CCI
Read at https://www.moneycontrol.com/news/business/companies/future-group-amazon-delhi-high-court-stays-arbitration-proceedings-before-singapore-tribunal-7903171.html?utm_source=telegram&utm_medium=social
#Amazon #arbitration #CCI
Moneycontrol
Future Group-Amazon: Delhi High Court stays arbitration proceedings before Singapore tribunal
The bench headed by high court’s chief justice was hearing an appeal filed by Future group after the Kishore Biyani-led companies faced a setback before a single-judge bench.
#StartupWithMC | India's competition watchdog, the CCI opened a new antitrust investigation against #Google over alleged abuse of dominant position in news aggregation, following a complaint filed by the DNPA.
Vikas SN reports at
https://www.moneycontrol.com/news/business/googles-antitrust-cases-in-india-other-markets-a-quick-look-7914881.html
#GoogleIndia #CCI
Vikas SN reports at
https://www.moneycontrol.com/news/business/googles-antitrust-cases-in-india-other-markets-a-quick-look-7914881.html
#GoogleIndia #CCI
Moneycontrol
Google's antitrust cases in India & other markets: A quick look
CCI's probe on Google's alleged abuse of dominance in news aggregation is the fifth such antitrust probe against the Internet giant in India.
The CAIT filed a petition before the CCI to block e-commerce giant Amazon India's deal to acquire 100% shareholding in online retail firm Cloudtail.
Read at
https://www.moneycontrol.com/news/business/companies/cait-moves-cci-to-block-amazons-100-acquisition-of-cloudtail-7938791.html
#CCI #CAIT #Amazon #Cloudtail
Read at
https://www.moneycontrol.com/news/business/companies/cait-moves-cci-to-block-amazons-100-acquisition-of-cloudtail-7938791.html
#CCI #CAIT #Amazon #Cloudtail
Moneycontrol
CAIT Moves CCI To Block Amazon Deal To Acquire Cloudtail
Amazon currently has a 24 percent stake in Cloudtail, while Catamaran Ventures, NR Narayana Murthy’s private investment firm, has a 76 percent stake in it. Additionally, Amazon India’s head Amit Agarwal is one of the board members of Cloudtail.
The #CCI has approved the #acquisition of Prione Business Services by #Amazon Asia-Pacific Resources.
Read more 👇
https://www.moneycontrol.com/news/business/startup/cci-approves-amazons-acquisition-of-prione-8213211.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/startup/cci-approves-amazons-acquisition-of-prione-8213211.html?utm_source=telegram&utm_medium=social
Moneycontrol
Competition Commission approves Amazon's acquisition of Prione
So far Amazon and Catamaran jointly owned Prione Business Services whose wholly owned subsidiary Cloudtail India repeatedly came under the scanner for alleged violation of Foreign Direct Investment norms.
The #raids were being conducted by the #CCI officers across multiple cities, the sources said.
Read on 👇
https://www.moneycontrol.com/news/business/cci-conducts-antitrust-raids-on-tyre-companies-ceat-apollo-continental-report-8295211.html?utm_source=telegram&utm_medium=social
Read on 👇
https://www.moneycontrol.com/news/business/cci-conducts-antitrust-raids-on-tyre-companies-ceat-apollo-continental-report-8295211.html?utm_source=telegram&utm_medium=social
Moneycontrol
CCI conducts antitrust raids on tyre companies Ceat, Apollo, Continental: Report
The case, according to the report, relates to an antitrust probe into use of unfair trade practices and rigging bids while supplying tyres for public transport vehicles in the northern state of Haryana.
#MCExclusive: Fair trade regulator #CCI is examining how Max Healthcare, Fortis Healthcare & Apollo Hospitals fix prices of medicines & medical devices.
Significant action because hospitals are unregulated and patients frequently complain about exorbitant drug prices.
Full story at 👇
https://www.moneycontrol.com/news/business/hospitals-face-cci-scrutiny-over-high-prices-of-medicine-and-medical-devices-8304261.html?utm_source=telegram&utm_medium=social
Binoy Prabhakar ✍️
Significant action because hospitals are unregulated and patients frequently complain about exorbitant drug prices.
Full story at 👇
https://www.moneycontrol.com/news/business/hospitals-face-cci-scrutiny-over-high-prices-of-medicine-and-medical-devices-8304261.html?utm_source=telegram&utm_medium=social
Binoy Prabhakar ✍️
Moneycontrol
Big hospital chains face CCI scrutiny over inflated prices of medicines and medical devices
Competition Commission of India (CCI) has demanded answers from Max Healthcare, Fortis Healthcare and Apollo Hospitals on how they fix prices of medicines and medical devices. Action could rein in soaring drug prices in India.
#ICYMI | #MCExclusive ⚡️ Fair trade regulator #CCI is examining how Max Healthcare, Fortis Healthcare & Apollo Hospitals fix prices of medicines & medical devices.
This is a significant action because hospitals are unregulated and patients frequently complain about exorbitant drug prices.
Read more about stark differences in drug pricing in India 👇https://moneycontrol.com/news/business/hospitals-face-cci-scrutiny-over-high-prices-of-medicine-and-medical-devices-8304261.html?utm_source=telegram&utm_medium=social
Binoy Prabhakar ✍️
This is a significant action because hospitals are unregulated and patients frequently complain about exorbitant drug prices.
Read more about stark differences in drug pricing in India 👇https://moneycontrol.com/news/business/hospitals-face-cci-scrutiny-over-high-prices-of-medicine-and-medical-devices-8304261.html?utm_source=telegram&utm_medium=social
Binoy Prabhakar ✍️
Moneycontrol
Big hospital chains face CCI scrutiny over inflated prices of medicines and medical devices
Competition Commission of India (CCI) has demanded answers from Max Healthcare, Fortis Healthcare and Apollo Hospitals on how they fix prices of medicines and medical devices. Action could rein in soaring drug prices in India.
A day after #CCI ordered probe into the conduct of both #Zomato & #Swiggy, Zomato said that the competition watchdog wants to investigate aspects such as preferential listing of restaurant partners and pricing parity.
Read 🔻
https://www.moneycontrol.com/news/business/zomato-says-it-will-explain-to-cci-why-its-practices-comply-with-the-competition-law-8319391.html?utm_source=telegram&utm_medium=social
Read 🔻
https://www.moneycontrol.com/news/business/zomato-says-it-will-explain-to-cci-why-its-practices-comply-with-the-competition-law-8319391.html?utm_source=telegram&utm_medium=social
Moneycontrol
Zomato reacts to CCI probe, says its practices comply with the laws
CCI had ordered an investigation in the conduct of both Zomato and Swiggy based on allegations made by the restaurants association.
The #CAIT has complimented the #CCI for conducting raids on the offices of Cloudtail & Appario.
Here are the details 👇
https://www.moneycontrol.com/news/business/traders-body-welcomes-raids-on-offices-of-amazons-cloudtail-and-appario-8424641.html?utm_source=telegram&utm_medium=social
Here are the details 👇
https://www.moneycontrol.com/news/business/traders-body-welcomes-raids-on-offices-of-amazons-cloudtail-and-appario-8424641.html?utm_source=telegram&utm_medium=social
Moneycontrol
Traders' body welcomes raids on offices of Amazon's Cloudtail and Appario
The trade leaders alleged that predatory pricing and deep discounting are hurting small retail businesses in India.
#NewsAlert 🚨 Google reacts to CCI blow
"CCI's decision is a major setback for Indian consumers and businesses, opening serious security risks for Indians and raising the cost of mobile devices for Indians. We will review decision to evaluate next steps"
#Google #CCI
"CCI's decision is a major setback for Indian consumers and businesses, opening serious security risks for Indians and raising the cost of mobile devices for Indians. We will review decision to evaluate next steps"
#Google #CCI
#Google said on November 1 it has paused enforcement of its in-app billing system in India following a recent ruling of the Competition Commission of India (#CCI).
Read on 👇
https://bit.ly/3DrqjrK
Read on 👇
https://bit.ly/3DrqjrK
Moneycontrol
After CCI's ruling, Google pauses enforcement of in-app billing policy in India
App developers were previously expected to comply with the Play billing policy by 31 October 2022
The #CCI imposed two penalties on #Google for abusing its dominant position.
The story so far 👇🏻
https://bit.ly/3X26z6z
The story so far 👇🏻
https://bit.ly/3X26z6z
In its hearing, the apex court also noted extended #Google's time to comply with the #CCI order by one week. It also asked #NCLAT to dispose the case by March 31.
Read Here 👇🏻
https://bit.ly/3D0vyPL
Read Here 👇🏻
https://bit.ly/3D0vyPL
Moneycontrol
Google vs CCI: SC declines to stay order; extends time to comply by one week
In its hearing, the apex court also noted extended tech giant's time to comply with the CCI order by one week. It also asked NCLAT to dispose the case by March 31.
#CCI made this argument to counter the tech giant’s argument that the company offers #Android open source for free to Original Equipment Manufacturers (OEMs).
Read Here 👇🏻
https://bit.ly/3ERaf42
Read Here 👇🏻
https://bit.ly/3ERaf42
The Competition Commission of India (#CCI) has summoned Google and Indian startups on April 25 to hear the latter's plea against the tech giant's new in-app user choice billing policy, sources close to the development told Moneycontrol
Read 👇
https://bit.ly/3n9Iii2
Read 👇
https://bit.ly/3n9Iii2