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Google files for Competition Commission of India approval for stake buy in Jio Platform
"The notification is being filed in relation to GIL's proposed acquisition of a minority non -controlling shareholding of around 7.73 of equity share capital in JPL (Proposed Investment)," the US major said in its filing.
Competition Commission reviewing both online, offline aspects of Reliance-Future deal
Reliance Retail Ventures Ltd., a unit of Reliance Indus...
HCL Technologies shares jump 5% after DWS deal
In a regulatory filing, HCL Technologies said the total equity value pay-out will be 158.2 mil...
CCI approves Piramal Pharma and Carlyle Group deal
The transfer of equity will take place through the Group’s special purpose vehicle Curie, a notice of the combination by the regulator said.
CCI approves acquisition of RMZ's commercial assets portfolio, co-working biz by Brookfield
According to the information filed with the regulator, the deal involves the acquisition of certain real estate projects housed in RMZ Infotech, RMZ Galleria (India), RMZ North Star Projects, RMZ Ecoworld Infrastructure and RMZ Azure Projects.
Adani-GVK airport deal gets CCI green signal
As per a notice filed with the watchdog, the acquirer proposes to acquire sole control of GVKADL through one or more steps, which will involve purchase of all external debt of the company, conversion of the said debt to equity and purchase of its balance shares.
Airtel climbs 2% on 25% stake sale in Nxtra for $235 million
Bharti Airtel said the transaction is subject to the necessary regulatory approvals, including approval from the Competition Commission of India (CCI).
All options open in 'fight' against Google: Paytm CEO Vijay Shekhar Sharma
The Paytm founder & CEO, who tore into Google’s practice of barring apps which were compliant with Indian laws, said his 'fight' will be a long-drawn one.
Why are US Cos dictating policies for Indian firms: Paytm's Vijay Shekhar Sharma
Paytm founder and CEO Vijay Shekhar Sharma has termed Google’s decision to briefly take down his company’s app from its Play Store last week as “arbitrary”.
Competition commission approves PSA-FCA merger
The two European groups had announced a merger in December 2019 to leverage their combined scale for better cost-efficiencies in an increasingly competitive and technologically fast-evolving global automotive landscape. The 50-50 merger will create the world’s 4th largest carmaker.
CCI dismisses case of abuse of dominance against Amazon
According to the order, BHPC, the informant, claimed that Amazon Sellers Service, through its dominance of the online fashion retail space and together with its affiliates Amazon Exports Sales and Couldtail India, created unfair market conditions and barriers to entry to the relevant market in India.
CCI approves Kubota Corp's 9% stake-buy in Escorts
Under the deal, Escorts will allot about 1.23 crore equity shares through a preferential issue to Kubota Corp at Rs 850 per share
Competition Commission initiates studies on telecom sector, M&A in digital market
The fair trade regulator, which has an "overarching jurisdiction" across sectors, has powers to act against anti-competitive practices and also promote fair competition.
Amazon faces new antitrust challenge from Indian online sellers: Report
The case presents a new regulatory challenge for Amazon in India, where it has committed $6.5 billion in investment but is battling a complex regulatory environment. The group alleges that Amazon India's wholesale arm buys goods in bulk from manufacturers and sells them at a loss to sellers such as Cloudtail.
CCI okays Facebook's investment of Rs 43,574 crore in Jio Platforms
On April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-retail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.