Tag: Competition Commission of India

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Weekly Antitrust and Data Privacy Updates

This week's antitrust and data privacy updates are -   Google to face more antitrust charges in the EU In a streak of antitrust proceedings ongoing against Google in India, the U.S. tech company is potentially facing further charges before the EU Competition Commission. In a Reuters report, it was stated that the EU Commission is likely to be in the process of framing charges against Google, owing to the slow pace of the ongoing settlement with the company. Google has been…

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Weekly Antitrust and Data Privacy Updates

Weekly Anti-trust and Privacy Updates

This week’s anti-trust and privacy updates are as follows: The UK ICO will fine TikTok £27 million for failing to protect children's privacy TikTok, the viral video sharing app that is especially popular among young people, was found to have failed to safeguard children's privacy from 2018 to 2020, according to a UK ICO inquiry. Given the prolonged term and the seriousness of the crimes, TikTok may be liable for a £27 million punishment if this conclusion holds up. The anticipated…

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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 - June 2022 - Part II

Latest Updates on Antitrust – June 2022 – Part II

This is a rundown of last week's updates on Antitrust: CCI imposes penalties on seven for bid-rigging in Indian Railway Tenders The Competition Commission of India (CCI) has imposed penalties amounting to almost Rs. 30 lakhs on seven entities including individuals for manipulating the bidding process of railway tenders and cartelisation. The CCI stated that these entities have formed a cartel in the supply of protective tubes to the Indian Railway and were engaging in anti-competitive practices like determination of prices,…

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Latest Updates on Antitrust - June 2022 - Part I

Latest Updates on Antitrust – June 2022 – Part I

This is a rundown of last week's Antitrust updates: Government mulling amendment to Competition Bill 2020 to give CCI wider powers over big tech companies In order to ensure that digital market remains open to new entrants and existence of meritorious competition between digital platforms, the Central Government is proposing to bring changes to the pending Competition Bill 2020. They aim to enhance the scope of the CCI over digital markets, with wider powers to be conferred on the CCI and…

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Latest Updates on Antitrust - May 2022

Latest Updates on Antitrust – May 2022

This is a rundown of last week’s news updates on Antitrust: CCI investigation into Whatsapp faces pushback The Competition Commission of India’s investigation into Whatsapp’s abuse of dominance in enforcing its new privacy policy that enabled the sharing of user data with business has hit a roadblock in Whatsapp’s belligerence against sharing information on its new privacy policy. Whatsapp has stated that it will withhold providing information on the same until the parliament passes the data privacy law. CCI has however…

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Latest Updates on Antitrust - February, 2022 - Part I

Latest Updates on Antitrust – February, 2022 – Part I

This is a rundown of last week’s news updates on Antitrust: CCI Imposes Heavy Penalties On 6 Tyre Manufacturers For Cartelization The Competition Commission of India, the country’s antitrust watchdog, recently passed a cease and desist order and imposed heavy penalties on Apollo Tyres, MRF, CEAT, JK Tyres, Birla Tyres and Automotive Tyre Manufacturers Association for cartelization. It was alleged that all the above-mentioned tyre manufacturers together controlled 90% of the tyre production in India and were engaged in price parallelism…

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Latest Updates on Antitrust - December, 2021 - Part I

Latest Updates on Antitrust – December, 2021 – Part I

This is a rundown of last week's news updates on Antitrust: Apple denies abuse of dominance in Indian app market Tech giant Apple has sought the dismissal of a case filed against it by the Competition Commission of India (CCI) stating that it does not hold a dominant position in the Indian app market. It claimed that it holds a small share of 0-5% in the Indian app market which is dominated by Android creator Google which holds 95-100% of the…

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Latest Updates on Antitrust - November, 2021 - Part II

Latest Updates on Antitrust – November, 2021 – Part II

This is a rundown of last week's news updates on Antitrust: Google loses $2.8 billion as antitrust fine to EU Court The Luxembourg-based EU General Court has dismissed tech giant Google's effort to appeal a $2.8 billion antitrust fine for favouring its own shopping services in search results. The European Commission fined Google in 2017 for breaking competition laws. In addition to the fine, Google was ordered in 2017 to make modifications to the way it presents shopping search results, to allow…

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