cci

The Competition Commission of India (CCI) on Thursday has approved Google's proposed acquisition of a minority stake in telecom major Bharti Airtel. The deal has been cleared on the basis of modifications offered by the acquirer, according to an official release.Google International and Airtel have entered into an investment agreement to buy a minority and non-controlling stake of 1.28 percent of equity share capital in the telecom player.Along with the investment agreeement, both companies through their affiliates have…

The Parliamentary Standing Committee on Finance has decided to summon representatives of the world's major social media platforms and search engines over issues related to their competitive practices. Google, Facebook, Twitter, Apple, Amazon, Flipkart, and Microsoft are likely to be summoned in the next meeting.The above development comes soon after Elon Musk took over Twitter in its entirety."BJP's Jayant Sinha chaired the Parliament Panel and decided to summon major social media giants and search engine Google to…

India's antitrust body launched raids on Thursday against two top domestic sellers of online retail giant Amazon over accusations of having violated competition laws, two sources with direct knowledge of the matter told Reuters.Indian retailers, a key part of Prime Minister Narendra Modi's support base, have long contended that Amazon's platform largely benefits a few big sellers, with the firm engaging in predatory pricing that harms their businesses.The company says it complies with all Indian laws.The exact nature of…

Google's billing system for app developers is “unfair and discriminatory,” India's antitrust regulator said in the initial findings of an extensive investigation, paving the way for potential penalties in future.The Competition Commission of India (CCI) found Google discriminated against developers in its Play store billing policy, according to documents seen by Bloomberg News. The findings come after a months-long investigation triggered by protests from developers, who've complained the US internet giant charges an…

The Competition Commission of India (CCI) has ordered an investigation of food delivery companies Zomato and Swiggy over the companies' apps being "neutral" platforms, the antitrust watchdog said on Monday.The order comes months after the National Restaurant Association of India (NRAI) asked the CCI to investigate the companies for breaching platform neutrality by providing priority to exclusive contractors."A conflict of interest situation has arisen in the present case, both with regard to Swiggy as well as Zomato ...…