COMPETITION ACT
Delhi HC dismisses plea challenging approved merger between Tata SIA Airlines, Air India
The Delhi High Court dismissed a plea challenging the CCI's rejection of objections to the Tata SIA Airlines Limited and Air India Limited merger, citing lack of evidence and allegations designed to mislead. The court found the petition lacking merit and noted unsubstantiated allegations against public figures.
EU vs Big Tech: the cases keep mounting
European regulators have launched a series of probes into Big Tech. In the latest move, the European Commission asked Amazon for more information on its compliance with the Digital Services Act (DSA), which requires Big Tech players to do more to tackle illegal and harmful content on their platforms.
Maharashtra govt tables bill to curb malpractices in competitive exams; provides for jail term, fine
Under the bill, the offences related to the conduct of competitive examinations shall be cognisable, non-bailable and non-compoundable. According to the bill, those found indulging in unfair means and offences in the conduct of competitive examinations shall be punished with imprisonment for a term not less than three years, which may be extended to five years and with a fine of up to Rs 10 lakh.
Nvidia set to face French antitrust charges
The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year which sources said targeted Nvidia.
CBI books former CMD of Heavy Engineering Corporation in corruption case
The CBI has filed a corruption case against former HECL chairman Avijit Ghosh for alleged irregularities in collaboration with a Russian company to set up a skill development center. Ghosh is accused of cheating the government exchequer through a manipulated Expression of Interest. The FIR states that Ghosh proposed a consultation fee of Rs 30 crore to train engineers, but only 86 were trained and Rs 16 crore was paid out.
Why the Digital Competition Bill has started a polarising debate in the tech industry
India’s Digital Competition Bill has turned previous foes in the tech industry into unlikely allies and sparked a polarising debate on market practices. The Committee on Digital Competition Law (CDCL) on February 27, submitted its report to the ministry of corporate affairs (MCA) after working on it for more than a year.
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Apple is first company charged under new EU competition law
Apple is facing intense regulatory scrutiny globally, with charges in the EU, legal battles in the US, and regulatory actions in Britain, signaling a turbulent period for the tech giant in various markets.
Citing overlaps, experts seek rejig of Digital Competition Bill
The ministry of electronics and information technology continued discussions on the digital competition bill with think tanks and industry bodies raising concerns about foreign regulation approaches. The impact on startups and overlap with existing laws were highlighted.
MeitY meets firms to review concerns on Digital Competition Law
Indian policymakers discussed the impact of the proposed Digital Competition Bill on data and digital markets at the MEITY meeting with industry representatives. Stakeholders had differing opinions on the regulations, with some supporting its provisions while others raised concerns about deterred investments.
How to prevent Big Tech dominance, protect privacy and ensure fair competition
The magnitude, scale and speed at which such platforms operate demand ex ante regulation, if the real interests of consumers are to be protected.
Ind vs Pak T20 World Cup 2024 pitch report, venue, squads, match timing & live telecast
Ind vs Pak Pitch Report: India is gearing up to take on Pakistan in an ICC T20 World Cup clash at the Nassau County International Cricket Stadium. Pakistan, having suffered an unexpected loss to the USA, is eager to rebound against India. With little time to adapt to the demanding conditions, Pakistan skipper Babar Azam and his squad confront a formidable challenge. A loss to India could potentially complicate their path to qualification in the tournament.
CCI proposes amendments to general rules, seeks stakeholder feedback
The Competition Commission of India (CCI) has proposed amendments to the General Regulations, 2009, following recent changes to the Competition Act. The changes, based on the Competition (Amendment) Act, 2023, aim to align the general regulations with the latest framework. The changes include the appointment of independent agencies to oversee the implementation of orders, maintaining confidentiality and avoiding conflicts of interest.
18-year-old NEET aspirant jumps to death in Kota day after medical entrance results declared
An 18-year-old NEET aspirant in Kota, Bagisha Tiwari, tragically died by suicide, jumping from the ninth floor of a building after receiving her exam results. Her death sheds light on the mental health struggles faced by students, particularly in coaching hubs like Kota. This marks the tenth suspected suicide by a coaching student in Kota this year, with concerns rising over the pressures of exam preparation. Authorities are investigating the incident, urging sensitivity in media coverage to avoid sensationalizing the tragedy.
IAMAI view on draft Digital Law not shared by all constituents: four members tell MCA
Four members of IAMAI, including Bharat Matrimony, Match Group, Hoichoi, and ShareChat, express divergent views on ex-ante regulation in the draft DCB to the Ministry of Corporate Affairs.
CCI to boost strength for better oversight of digital, other sectors
The regulator is firming up a proposal to enhance its strength to strictly enforce regulations under the amended competition law of 2023, which has significantly widened the scope for oversight. On top of this, it is also planning to bolster its oversight of the digital market by adding quality manpower should the government come out with a new digital competition law and give it the oversight responsibility, said the person.
Draft digital competition bill will make business untenable: IAMAI
Ex-ante regimes tell businesses precisely how to behave, or what to do. Under the current ex-post regime of the Competition Act, companies are only required to ensure that their conduct in the market is not anti-competitive. An overlapping ex-ante regime proposed under the digital competition Bill will force tech companies to comply with parallel legislation and undertake measures for additional compliance, the IAMAI said.
We want to score more field goals: Craig Fulton, head coach, Indian men’s hockey team
Coach Fulton shares insights on team adjustments, performance improvements, and challenges faced in Olympics preparation. Emphasizes the importance of balancing squad rotation, building depth, and preparing for top opposition in upcoming events for Paris Olympics.
CCI chief says recently notified regulations applicable to cases under investigation
About the leniency plus regime, the CCI Chairperson said it will act as an incentive for an entity to provide details about the existence of a cartel and stressed the importance of getting information about cartelisation to establish the existence of a cartel.
CCI conducting enquiries against some fintech entities: Chairperson Kaur
CCI Chairperson Ravneet Kaur disclosed ongoing investigations into fintech entities to examine their technology leveraging impact on competition, emphasizing the regulator's commitment to ensuring a competitive digital market. With an eye on big tech and various sectors, including film distribution, CCI aims to address market distortions, fostering innovation and economic growth
View: Big tech, don't be a big brother
Google's Play Store billing policies face CCI investigation for potential Competition Act violations, concerning app developers' resources and market dominance. The case underscores the need for fair competition and innovation in the digital marketplace. In February, Google removed more than a dozen popular apps, including Info Edge's Naukri.com and 99acres.com, Matrimony.com's BharatMatrimony, People Interactive's Shaadi.com, online podcast platform Kuku FM, and online dating app TrulyMadly, from its Play Store for not complying with UCBS.
Go easy with the digital lasso
If a company meets the criteria in its self-assessment, it must report to CCI within 90 days, which can designate it as Systemically Significant Digital Enterprise (SSDE), akin to gatekeepers in DMA. CDS includes online search engines, social networking, video sharing, intermediation, and cloud and interpersonal communication services. Any non-reporting or misreporting to CCI will attract a penalty.
New antitrust law for large tech firms shouldn’t stifle innovation: experts
Zomato, Swiggy, Flipkart and Oyo have opposed the new regulations on digital competition proposed by a government-appointed committee. Indian companies that supported the proposal of ex-ante regulations include Paytm and MakeMyTrip, albeit with caveats.
Big Tech, few Indian entities oppose ex-ante regulation under new law; others lend their support
Digital firms including Apple, Google, Meta, Amazon, Flipkart, and Uber resisted ex-ante obligations under a new digital competition law. Some home-grown companies like Oyo, Zomato, and Swiggy had reservations, while others endorsed the framework. The Govil panel has now recommended separate digital competition legislation with an ex-ante framework after holding meetings with a cross-section of stakeholders, including the large digital players who had submitted their views.
New digital competition law proposed to regulate big tech
A high-level panel proposes a new digital competition law in India to address antitrust concerns involving big tech companies. The law applies to systemically significant digital enterprises with penalties up to 10% of global turnover. Enterprises must report their fulfilment of thresholds to the Competition Commission of India.
CCI's powers to penalise on global turnover basis to deter anti-competitive ways
The competition law provision of imposing penalties based on global turnover will act as a deterrent to violations, encourage commitments and settlements, and help in corrective measures. The Competition Commission of India now has the power to impose such penalties, impacting companies with multi-products or multi-services and cases related to digital markets.
Government notifies changes in competition law related to M&As
"The government has increased the existing financial thresholds as prescribed under Section 5 of the Competition Act by 150 per cent. Further, the De Minimis or the Small Target Exemption thresholds have also been increased. This is in line with the government motto of ease of doing business in India as less M&A deals would require CCI approval," he said.
Stakeholders' demand to delink penalty from global turnover 'not accepted': CCI's general statement
The Competition Commission of India (CCI) has rejected stakeholders' plea to retain the earlier monetary penalty framework for antitrust activities. The new regime links the maximum penalty to a firm's global turnover, boosting the regulator's chances of curbing antitrust activities involving Big Tech.
CCI can now impose fines based on cos' global turnover
The Competition Commission of India can now impose penalties on companies based on their global turnover. The amendment is likely to have major implications on multi-product companies and those with global operations, leading to the use of settlements or commitments to avoid steep penalties.
Will notify settlement & commitment regulations soon: CCI chief
The Competition Commission of India (CCI) will introduce new regulations on settlement and commitment mechanisms, allowing companies to resolve anti-competitive charges by filing commitment or settlement applications. Big Tech is included. Inquiries will be paused until final decisions are made within set time frames.
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