Tag: CCI

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Weekly Anti-trust and Privacy Updates

This week’s anti-trust and privacy updates are as follows: CCI Approves Jio Cinema-Viacom18 Amalgamation CCI, following investments of BTS Investment 1 Pte. Ltd. (BTS1) and Reliance Projects & Property Management Services Ltd. (RPPMSL), approves the merger of Jio Cinema OTT with Viacom 18 Media Pvt. Ltd. The amalgamation comes after major investments in April by Bodhi Tree Systems in Viacom 18, making Viacom 18 one of the largest TV and digital streaming companies in India. CCI Investigation Finds India’s Largest Hospital…

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Weekly Anti-Trust And Privacy Updates

This week's Anti-trust and Privacy updates are as follows:- Tinder Files Case Against Apple Inc. for Anti-competitive Practices Tinder owner Match Group, filing a case against Apple Inc., has alleged abuse of dominant position. The Apple’s apps market poses barriers to developers by forcing use of its proprietary in-app purchase system along with a fee of upto 30%. The allegations in the case are similar to the ongoing case against Apple in the European Union. CCI Issues Notice to ZEE and…

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Weekly Anti-Trust and Privacy Updates

Weekly Anti-Trust and Privacy Updates

This week's Anti-trust and Privacy Updates are as follows: Karnataka High Court dismisses Intel’s Petition Challenging CCI’s Investigation Karnataka High Court, dismissing Intel’s challenge to CCI’s probe, imposed costs of Rs. 10L. In August 2019 CCI, investigating alleged abuse of dominant position by Matrix Info Systems, against Intel Corporation’s new warranty policy in India, found Intel in violation. Intel revising the warranty policy in India in 2019, provided warranty for boxed micro-processors only when bought from authorised sellers or distributors within…

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Weekly Anti-trust and Privacy Updates

This week’s anti-trust and privacy updates are as follows: Federal Court of Australia finds Google Inc. in Breach of Local Consumer Laws The Federal Court of Australia, in 2021, had found Google in partial breach of local consumer laws. Google was found to be misleading users about collection of personal data such as location via Android mobile devices. Google conceding to the charges has agreed to pay a $60 million fine to the Australian Competition and Consumer Commission. Disney Settles Anti-trust Suit…

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Weekly Anti-Trust and Privacy Updates

Weekly Anti-Trust And Privacy Updates

This week’s anti-trust and privacy updates are as follows: CCI Proposes Higher Scrutiny for Mergers and Acquisitions The CCI, in its Competition (Amendment) Bill, 2022 draft, proposed stringent rules of scrutiny on mergers and acquisitions in India. The regime presently requires the Companies to have a minimum threshold in assets or turnover in India to attract CCI scrutiny. This provides a loophole for Global Tech Giants with low assets and turnover in India to operate outside the scrutiny of CCI.…

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Weekly Anti-trust and Privacy Updates

This week’s anti-trust and privacy updates are as follows: CCI approves Axis Bank acquisition of Citi Corp The CCI, last week, approved Axis Bank’s Rs. 12,325 Cr. acquisition of Citi Bank NA and Citicorp Finance India Limited. Axis Bank, as per the deal, would be acquiring all of Citi’s consumer banking activities. Citi’s credit cards, personal loans and wealth management business would be transferred to Axis Bank. The acquisition is expected to close by September 2024. CCI approves Greenforest acquisition of stake…

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Weekly Anti-Trust and Privacy Updates

This week’s anti-trust and privacy updates are as follows:   NCLAT suspends Amazon’s investment in Future-coupons, upholding CCI’s decision. The NCLAT has ordered Amazon to pay 200CR INR in penalty for making false statements and material omissions in its disclosures regarding the acquisition of Future Coupons Group. The Appellate Tribunal has upheld that Amazon deliberately mislead the CCI by misrepresenting its acquisition as an expansion of the portfolio and consequently, suppressing its strategic interest in the Subsidiary Future Retail Ltd. CCI, in…

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Latest Updates on Antitrust - November, 2021 - Part III

Latest Updates on Antitrust – November, 2021 – Part III

This is a rundown of last week’s news updates on Antitrust: CCI releases report on pharma sector Competition Commission of India (CCI) recently released a study on India’s pharmacy sector. The study suggested the creation of a National Digital Drugs Databank for the use of regulators, industry, physicians and consumers with the aim to combat the information asymmetry that prevails in the sector. It also advised online pharmacies to develop self-regulatory mechanisms in the areas of data collecting, usage, sharing, and…

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Latest Updates on Antitrust - November 2021 - Part I

Latest Updates on Antitrust – November, 2021 – Part I

This is a rundown of last week’s news updates on Antitrust: Competition Commission of India issued orders against firms guilty of bid-rigging and cartelization The Competition Commission of India (CCI), India’s fair markets watchdog, found that six firms had engaged in cartelization in the supply of Low-Density Poly Ethylene covers (LDPE) to the Food Corporation of India (FCI) by determining prices, allocating tenders, coordinating bid prices, and manipulating the bidding process directly or indirectly. CCI issued a cease-and-desist order against the…

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Latest Updates on Antitrust - September, 2021 - Part IV

Latest Updates on Antitrust – September, 2021 – Part IV

This is a rundown of last week’s news updates on Antitrust: Google sues Competition Commission of India (CCI) over investigation leak Search engine giant Google has filed a writ petition against the CCI, the competition watchdog, over reports that a confidential report of the CCI’s investigation over Google’s practices in the Android smartphone sector was divulged to news outlets. The writ petition seeks a direction that the CCI act to prevent any further unlawful disclosures, submitting that Google itself had not…

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