Page-2 of CCI
Amazon-Witzig bid to acquire Birla's retail store chain gets CCI node
The Competition Commission of India has approved the deal wherein Samara Capital-backed Witzig Advisory Services and Amazon will acquire Aditya Birla Retail Ltd, which operates a supermarket store chain ‘more’. As per the deal, 99.99 per cent of the equity ..
Month: Current Affairs - January, 2019
Sangeeta Verma joins Competition Commission of India (CCI)
Sangeeta Verma, a former Indian Economic Services (IES) officer has joined the Competition Commission of India (CCI) as a member. The order of the Ministry of Corporate Affairs states that the central government has appointed Sangeeta Verma as the member of CCI for a period of ..
Month: Current Affairs - December, 2018
Ashok Kumar Gupta appointed as new chairperson of Competition Commission of India
Ashok Kumar Gupta, a 1981 Tamil Nadu cadre IAS officer, has been appointed as new chairperson of Competition Commission of India (CCI). His tenure as the CCI Chairman will be till October 25, 2022, i.e. when attains the age of ..
CCI imposes Rs. 54 crore fine on 3 airlines for unfair business practices
The Competition Commission of India (CCI) has imposed fine of more than Rs. 54 crore on Jet Airways, InterGlobe Aviation and SpiceJet for unfair business practices with respect to fixing fuel surcharge on cargo transport. The CCI order comes on ..
Month: Current Affairs - March, 2018
CCI fines Google Rs.136 crore for search bias
The Competition Commission of India (CCI) has imposed Rs.136 crore fine on world’s most popular search engine Google for unfair business practices in Indian market for online search. The penalty was imposed on Google for infringing anti-trust conduct. CCI Ruling ..
Month: Current Affairs - February, 2018
India to host 2018 International Competition Network annual conference
The Competition Commission of India (CCI) was selected as the host the 2018 International Competition Network (ICN) in New Delhi in March–April 2018. By virtue of this event, CCI has also been inducted as an ex-officio member of the steering ..
Month: Current Affairs - November, 2016
CCI fines 10 cement companies and CMA for cartelisation
The Competition Commission of India (CCI) has imposed penalties on 10 cement companies and their umbrella association – Cement Manufacturers Association (CMA) for cartelisation. The CCI has levied penalties on 10 cement companies viz. ACC, ACL, Binani, Century, India Cements, ..
Month: Current Affairs - September, 2016
Devender Kumar Sikri appointed as Chairman of CCI
Union Government has appointed former IAS Devender Kumar Sikri as Chairman of Competition Commission of India (CCI). He will succeed Ashok Chawla whose tenure ended as the Chairman of CCI. He will have tenure of two and half years i.e. ..
Month: Current Affairs - January, 2016
Reliance capital gets CCI nod to acquire Goldman Sach's fund arm
Reliance Capital Asset Management (RCAM) has received nod from Competition Commission of India (CCI) to acquire Goldman Sachs’s mutual funds and exchange-traded funds business in India. This approval comes after the boards of both the companies had approved the acquisition ..
Month: Current Affairs - January, 2016
CCI imposes Rs 258 cr fine on Jet Airways, IndiGo, SpiceJet
The Competition Commission of India (CCI) has slapped penalties worth Rs 258 crore on three leading airlines- Jet Airways, IndiGo and SpiceJet for cartelisation in fixing cargo fuel surcharge. In this regard, it also issued a cease and desist order ..