CCI approves Reliance's divestment of Jio tower assets
The proposed transaction involves the acquisition of indirect control of RJIPL by Jarvis, the Competition Commission of India (CCI) noted in a combination notice filed with it. Tower Infrastructure Trust, an InvIT, currently holds 51 per cent of the outstanding equity share capital of RJIPL. Current Sponsor of the InvIT is RIIHL.
Amazon, Flipkart bring Diwali spirit to Republic Day sales
There will be no change in pricing and discount strategy of cos despite Goyal’s re...
4 tech cos sue Facebook for anti-competitive behaviour
Facebook was sued by four potential competitors who accuse it of anticompetitive behav...
Alleged competition law violations by CCI 100% not true: Amazon’s Gopal Pillai
It had been alleged that ecommerce firms Flipkart and Amazon have been giving preferential treatment to some mobile phone sellers and conducting deep discounting practices.
All foreign investments must adhere to law of the land: Piyush Goyal on Amazon row
Speaking at the Raisina Dialogue 2020 in New Delhi, Goyal had on Thursday said that Amazon is not doing a favour to India when they invest a billion dollars in the country.
Amazon promises 1 million new jobs in India amid tensions with government
Amazon.com Inc chief Jeff Bezos had on Wednesday announced USD 1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India-made goods by 2025. "We are investing to create a million new jobs here in India over the next five years," Bezos said.
Prime Video will double down on investment on content in India: Jeff Bezos
Ahead of Bezos’ visit, the Competition Commission of India (CCI) had launched a investigation into Amazon and its competitor FlipKart to look at allegations of deep discounting and discrimination against small sellers.
Amazon not doing a favour by investing $1 billion: Piyush Goyal
Amazon CEO Jeff Bezos, who is on a visit to India, said on Wednesday that Amazon will invest another $1 billion in the country to help small and medium businesses sell their products, seen as an attempt to bridge differences with brick-and-mortar retailers. The amount adds to the $5 billion Amazon has pumped into India since 2013.
CCI orders probe against Amazon, Flipkart over discount practices
India's competition watchdog has ordered its investigative wing to probe Amazon and Flipkart over their discounting practices, exclusive brand launches on the platforms and the preferential treatment they have allegedly offered to certain mobile phones sellers.
Stocks in the news: YES Bank, Asian Paints, Tata Global and Bharti Airtel
Australia’s Paradice Global sold 33.88 lakh shares of Tata Global through a bulk deal
Bezos bullish on India, will invest $1 billion more
Amazon hopes to export goods worth $10 billion from India by 2025.
Top producers in last lap of Emami Cement takeover
India's top two cement makers, which together constitute about 40% of the installed capacity in the world’s second-biggest market for the building material, are competing to further consolidate their grip in the East by taking over Emami Group’s cement assets in a potential billion-dollar buyout.
CCI orders probe against Asian Paints for unfair business practices
"The Commission is of the view that evidence provided by JSW Paints is prima-facie sufficient to indicate that Asian Paints has denied access to the distribution channels in the relevant market to JSW Paints by threatening and coercing such dealers through various means," the fair trade regulator said.
Amazon pumps over Rs 1,700 crore into India units
Amazon Pay India has received Rs 1,355 crore from Amazon Corporate Holdings and Amazon.com.incs.Limited, while Amazon Wholesale (India) allotted shares worth about Rs 360 crore to Amazon Corporate Holdings and Amazon.com.incs.Limited, regulatory documents filed with the corporate affairs ministry showed.
Handset retailers up the ante against online players, seek tax probe
Handset retailers plans to meet the FM with the demand of a probe into GST and I-T return filing by etailers.
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