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India suggests antitrust scrutiny for M&A worth more than $250 million

According to a draft law, India proposes mandating antitrust scrutiny for mergers and acquisitions valued at more than 20 billion rupees ($250 million), a move lawyers said appeared aimed at global tech companies with substantial local business. The proposal is part of a larger overhaul of India's competition laws in a bill set to be introduced in parliament. Under current law, the Competition Commission of India (CCI) reviews mergers and acquisitions that surpass thresholds for asset size or turnover. But many high-value…

Government Proposes Competition Law Amendment; Seeks to Tighten Rules on Antitrust Scrutiny

The government aims to tighten rules around the scrutiny of mergers and acquisitions under proposed legislation that could particularly affect global tech firms that do a lot of business in India. The proposal is part of an overhaul of the country's competition law in a bill that was introduced in parliament on Friday and could be passed as soon as next week.Under current law, the Competition Commission of India, or CCI, reviews mergers and acquisitions that surpass thresholds for assets or turnover.But many high-value…

Jio-Facebook Deal Under Antitrust Review by Competition Commission of India

India's antitrust watchdog is reviewing Facebook's purchase of a 10 percent stake in Reliance Industries Ltd's digital assets, a deal that would give the US giant another foothold in one of the world's fastest growing Internet markets.The Competition Commission of India looks to prevent misuse of data in all the deals it assesses, Chairman Ashok Kumar Gupta said in an email interview, declining to comment further on the Facebook-Jio transaction pending examination. The regulator is also considering whether new parameters…

Jio Platforms Stake Acquisition by Facebook’s Jaadhu Holdings Gets CCI Approval

The Competition Commission of India (CCI) has approved the acquisition of 9.99 percent stake in Jio Platforms by Facebook's Jaadhu Holdings LLC. The approval comes months after the deal got public in April. It recently came under an antitrust review by the regulator. As per the terms of the deal announced by Reliance Industries, the parent company of Jio Platforms, Facebook would invest Rs. 43,574 crores in Jio. Both companies also partnered for Reliance's e-commerce marketplace JioMart that is aimed to take on Amazon and…

WhatsApp Privacy Policy Not Withdrawn, Probe Must Continue, CCI Tells Delhi HC

The Competition Commission of India (CCI) Monday told the Delhi High Court that WhatsApp's updated privacy policy of 2021 has not been withdrawn and its probe concerning the policy should be allowed to proceed. The CCI also said the scope of its inquiry has no overlap with the issue of an alleged infringement of user privacy pending before the Supreme Court. The submissions were made by CCI before a bench headed by Chief Justice Satish Chandra Sharma on appeals by WhatsApp LLC and Facebook Inc against a single-judge order…

CCI asks Delhi HC to allow probe into WhatsApp privacy policy to proceed further

The Competition Commission of India (CCI) told the Delhi High Court that WhatsApp's updated privacy policy of 2021 has not been withdrawn and its probe concerning the policy should be allowed to proceed. The CCI also said the scope of its inquiry has no overlap with the issue of an alleged infringement of user privacy pending before the Supreme Court. The submissions were made by the CCI before a bench headed by Chief Justice Satish Chandra Sharma on appeals by WhatsApp LLC and Facebook Inc. against a single-judge order…

Delhi HC reserves judgement on Facebook’s petition

The Delhi High Court on Monday reserved its judgement in an appeal filed by Whatapp and Facebook challenging the single judge-bench's order which had refused to stay the Competition Commission of India's (CCI) last year's order.In 2021, the court had refused to stay a notice issued by the CCI, asking WhatsApp to furnish certain information in connection with the probe, ordered in March, on the instant messaging app's new updated privacy policy.In the last hearing on July 22, Meta (formerly Facebook) had opposed the CCI…

Unable to Move Forward in Probe Against WhatsApp, Facebook: CCI Tells Delhi High Court

The Competition Commission of India (CCI) Thursday told the Delhi High Court that it was not able “move an inch” in its investigation into WhatsApp's privacy policy of 2021 on account of a court order granting time to Facebook and the instant messaging platform for filing replies in connection with the probe.The CCI told a bench headed by Chief Justice Satish Chandra Sharma that there was “virtually a stay” on the proceedings and the anti-trust regulator must be allowed to carry out its investigation and Facebook and…

Google Calls India Watchdog ‘Habitual Offender’ in Court Tussle Over Probe Leak

Google accused India's antitrust regulator in court on Friday of being a "habitual offender" by leaking confidential information of cases it was examining, an accusation the watchdog rejected.The Times of India and Reuters reported on Saturday that an investigation by the Competition Commission of India (CCI) had found that Alphabet's Google abused the dominant position of its Android operating system in India, using its "huge financial muscle" illegally to hurt competitors.In an unusual move on Thursday, Google sued the…

Google Faces Antitrust Probe From CCI Over Abusing Android in Smart TV Market

India's antitrust watchdog on Tuesday ordered an investigation into allegations that Alphabet's Google abused its Android operating system's position in the country's smart television market.The Competition Commission of India (CCI), which last year began looking into a case filed by two lawyers against the US tech giant, said its initial review found Google had breached certain anti-competitive laws.The CCI said that based on information available, including submissions made by Google, it was "convinced that a case is…