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Competition Comm can now impose fines based on companies’ global turnover

The amendment empowers the CCI to impose a penalty on the global turnover of a company derived from all the products and servicesNew Delhi: Fair trade regulator Competition Commission can now impose penalties on companies based on their global...

CCI clears Reliance Retail’s acquisition of Metro Cash & Carry India

The fair trade regulator has also given its nod for the acquisition of 100 per cent of equity share capital of L&T Infrastructure Development Projects Ltd and Kudgi Transmission Ltd, by Epic Concesiones Pvt Ltd and Infrastructure Yield Plus...

CCI approves acquisition of commercial real estate assets by Nexus Select Trust

The proposed transaction involves the direct acquisition of 100% shareholding of 15 entities and indirect acquisition of 100% shareholding of two entities New Delhi: Competition Commission of India on Monday approved the acquisition of commercial real estate assets by Nexus Select...

Traders’ body to move court against CCI nod for Walmart-Flipkart deal

Fair trade watchdog Competition Commission of India (CCI) has approved the acquisition of e-commerce major Flipkart by Wal-Mart International Holdings.However, a traders' body said that it will move the court against the approval."@CCI_India approves proposed acquisition of Flipkart Private...

CAIT approaches competition regulator against Walmart-Flipkart deal

The Confederation of All India Traders (CAIT) on Monday said that it has approached the Competition Commission of India (CCI) against the Walmart-Flipkart deal.The confederation's petition to the CCI objected to the deal and said that Walmart "will create...

Retailers to move CCI against Walmart-Flipkart

Retailers have joined hands to approach fair trade regulator CCI against US $16 billion Walmart-Flipkart deal as they apprehend that the it would lead to massive job loss and be a 'nightmare for retail trade of the country.According to...

Alibaba gets CCI approval to invest in India's BigBasket

Chinese e-commerce major Alibaba has got approval of the Competition Commission of India (CCI) for investing in Indian online grocery platform, BigBasket. The move comes within a month of Alibaba seeking CCI's nod for the same. According to a CCI notice, Alibaba Singapore...

Alibaba seeks CCI approval to buy stake in BigBasket

Chinese e-commerce major Alibaba has sought approval of the Competition Commission of India (CCI) for acquiring stake in online grocery platform, BigBasket. According to a PTI report: "The proposed combination relates to the acquisition and purchase of shares of Supermarket...

Fair trade regulator CCI dismisses complaint against e-retailers

Fair trade regulator CCI has rejected a complaint that alleged unfair trade practices by 23 online retailers and sellers on e-commerce websites, including Ebay India and Amazon Seller Service. According to a PTI report: The complainant had alleged that the...

India Gets its First FDI Investment in Multi-Brand Retail with Tesco Completing the JV with Trent Ltd.

India has got its first foreign investor for the country's multi-brand retail sector with Tesco bringing the first set of FDI investment after having completed the 50:50 JV with Tata's Trent Limited. The JV, Trent Hypermarket Limited (THL) runs...
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Retail sales grow 8% y-o-y in March 2024: RAI Survey

According to the survey, sports goods reported a growth of 11% followed by apparel and beauty showing a growth...
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