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Competition Commission of India scraps certain disclosure requirements for merger reviews
On Tuesday, the watchdog said it has decided to dispense with certain disclosure requirements in the combination notices.
Grasim sells fertilizer biz to Indorama Corp for Rs 2,649 crore
After market hours, the company said its board approved the sale of Indo Gulf...
CCI clears Reliance-Future retail deal despite Amazon's objections
The approval by the Competition Commission of India (CCI) is a setback for...
Stocks in the news: RIL, LVB, Coal India, SpiceJet, Eicher Motors and PNB
AION Capital-backed Clix Capital could walk away from the proposed merger with Lakshmi Vilas Bank if discussion on the deal continue to drag on.
CCI approves Google picking up 7.73% stake in Jio Platforms
The lawsuit came at a time when Indian startup founders had approached the CCI and the Ministry of Electronics and IT (Meity), complaining about Google's ‘unfair’ practices via its dominance on the app ecosystem through Google Play store and the Android mobile platform.
Prestige group to sell commercial projects to Blackstone for Rs 9,160 cr
Bengaluru-based Prestige has signed term sheets on Monday with the Blackstone group, and the deal is likely to be closed next month.
Google files for Competition Commission of India approval for stake buy in Jio Platform
"The notification is being filed in relation to GIL's proposed acquisition of a minority non -controlling shareholding of around 7.73 of equity share capital in JPL (Proposed Investment)," the US major said in its filing.
Competition Commission dismisses ILMA's complaint against 19 chemical importers
As per the complainant, local production of phenol is unable to meet domestic demand, leading to increased dependency on import of phenol. Majority of phenol consumed in India is imported by a few importers and it alleged that these importers have formed a cartel to control the supply and prices of phenol in Indian markets.
Competition Commission reviewing both online, offline aspects of Reliance-Future deal
Reliance Retail Ventures Ltd., a unit of Reliance Industries Ltd., sought the Competition Commission of India’s approval on Monday for its Rs 24,713 crore acquisition of the online and offline businesses of the Future Group, which includes retail, wholesale, logistics and warehousing operations.
Irdai gives in-principle approval for Bharti AXA-ICICI Lombard deal
Marking a major consolidation move in the insurance space, the proposed deal was announced in August this year. Bharti Enterprises currently owns 51 per cent stake in Bharti AXA General Insurance, while French insurer AXA has 49 per cent.
Murugappa Group takes over CG Power, appoints directors
CG Power said its entire board including non-executive chairman Ashish Guha and whole-time executive director Sudhir Mathur have resigned.
Airtel issues Nxtra securities to Carlyle affiliate
Airtel had announced the deal with Carlyle on July 1, 2020 to sell 25% of its stake in its data centre unit Nxtra Data Ltd. to the Carlyle group for $235 million.
View: How the Competition Commission of India can play a crucial role in India's post-Covid economic recovery
Over a decade, CCI has developed a robust framework for merger review. But there are challenges posed by new-age markets, common investments in competing firms and data-driven mergers.
CG Power lenders agree for loan restructuring, pave way for Murugappa takeover
In separate but almost identical stock exchange filings, CG Power and Murugappa Group firm Tube Investments of India Ltd (TIIL), said lenders have accepted one-time settlement and restructuring of debt.
'Competition laws, IPR encourage innovation, contribute to human progress': D Subbarao
Harmonising the tension between competition laws and IPR in the context of digital technologies is a much more complex public policy challenge,the former RBI governor added.
