Parliamentary panel flags staff shortage at SFIO, Competition Commission
The SFIO and the CCI are among the institutions under the ministry that are well short of their respective sanctioned strength. In a report tabled in Parliament on Tuesday, the Standing Committee on Finance noted that the ministry's various regulatory entities are critically important for a smooth-functioning economy.
Stocks in the news: YES Bank, Bharti Airtel, Dish TV, Tata Motors and IDBI Bank
Concor said L & L Partners has been appointed as legal adviso...
CCI approves subscription of Piramal Enterprises' compulsory convertible debentures by CDPQ
Piramal Enterprises in a regulatory filing in Oct...
Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions
Nippon Express will acquire 22% stake through a combination of primary issuance and secondary purchase from an existing investor.
NCLAT dismisses abuse of dominance charge against BMW India
Competition Commission of India (CCI) has said that as BMW has a negligible share in the passenger car segment in India, hence the question of abuse of dominant position did not arise. The NCLAT, which is an appellate authority over CCI, said it "find no ground to interfere with the well reasoned order impugned in this appeal" and dismissed it.
Work is on to amend IBC to address cross-border insolvency: M S Sahoo
"There is proposal to amend the IBC to provide for such cases like cross border insolvency," the IBBI chief said.
Stocks in the news: Indiabulls Housing, Adani Gas, YES Bank and TV18 Broadcast
Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for RCom's telecom assets.
CCI approves Amazon.com's investment in Future Coupons
The CCI has given nod to Amazon.com's proposal to acquire about 49 per cent share in Future Coupons.
CCI approves 37.4 pc stake-buy, joint control of Adani Gas by Total Group
"Total Group believes in the initiatives taken by the Government of India to increase the reliance on natural gas instead of petroleum-based products," the Competition Commission of India (CCI) noted.
Stocks in the news: YES Bank, BPCL, RCom, L&T, CG Power and Tata Steel
ED has alleged that Bhushan Power & Steel acquired assets worth Rs 27,559 crore during a period.
Market Movers: What changed for D-Street while you were sleeping
The index formed a bearish candle on the daily chart, with an advance-decline ratio that was skewed in favour of the bears.
Competition watchdog approves Toyota Motor-Suzuki Motor Corp minority stake deal
The fair trade regulator said it has approved the minority stake purchase deal of Toyota Motor Corporation and Suzuki Motor Corporation.
Probe finds SKF, Schaeffler, Tata Steel units colluded on bearings prices
An investigation by the Competition Commission of India, which began in 2017, has concluded that Tata Steel, SKF & Schaeffler colluded on pricing of bearing. India's bearings market is worth $1.3 billion, according to ICRA Research. CCI can fine firms up to three times the profit made in each year of wrongdoing or 10% of revenue, whichever is higher.
Can CCI be more agile like its EU and US counterparts in disposing of cases?
The recommendations made by the Competition Law Review Committee could make the CCI more effective.
Over 500 hotels in 100 cities may have checked out of Oyo since April
The hotels have previously accused Oyo of contract breaches, arbitrary commission rate changes, stoppage of minimum guarantee amounts and threatening legal notices among other things. Oyo has denied this. FHRAI has also complained to the Competition Commission of India (CCI) against the company.
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