Competition Commission of India has asked companies to explain within 30 days why probe should not be ordered. Antitrust experts had warned the merger could face intense scrutiny.
The DSM-Firmenich merger was just one of the 20-odd deals worth $1.5 billion pending before the CCI last year. Some experts blame the commission for trying to be too 'industry friendly'.
Regulator says Google ‘prima facie’ appears to be violating the Competition Act, 2002. Applicants claimed the tech giant’s policies were ‘discriminatory and unfair’.
New draft rules allow the Competition Commission of India to reduce the penalty it imposes on companies in cartels if they also come forward with information about others.
Google approached apex court to quash CCI order asking the former to make 10 changes to its business model, after it abused its dominant position in market with Android OS.
Kaur started her career as SDM in Punjab’s Rajpura. She is 2nd woman to serve in 'economic regulator' role after Madhabi Puri Buch, who was appointed chairperson of SEBI last year.
National Company Law Appellate Tribunal decided against Google on all 11 counts framed by CCI & directed it to pay Rs 1,338 cr for its anti-competitive practices in Android market.
Last month, CCI had hit Google with two antitrust penalties ($113 mn & $162 mn) and said not to restrict app developers from using third-party billing or payment processing services.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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