India’s largest hospital chains abused dominance through excessive pricing, finds CCI investigation

The competition commission of India will weigh in on the responses. It can impose a penalty of up to 10 percent of the average turnover for the past three preceding financial years of an enterprise that has violated competition laws. The penalties could be steep.
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2 days ago

Distortions in digital market needs to be corrected promptly: CCI

Competition Commission of India chairperson said distortions in digital market need to be corrected promptly. The digital platforms are in a unique position to shape and influence consumer choices on one hand and steer consumer traffic to their businesses to the other.
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1 weeks ago

Settlement, commitment framework will help ensure faster market corrections: CCI chief Ashok Kumar Gupta - The Economic Times

The government introduced the Competition (Amendment) Bill, 2022 in the Lok Sabha to amend various provisions of the competition law. Among the amendments proposed is the introduction of the settlement and commitment framework, which will help reduce litigations. The Commission of India is already empowered to invoke leniency provisions in cartel cases, subject to certain conditions.
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3 weeks ago

No adverse observations from BSE and NSE on the proposed merger: HDFC Bank

Bank says it got no adverse observations from stock exchanges on proposed merger with HDFC Bank. The merger, which was announced in early April, requires a series of approvals from financial sector regulators including RBI and CCI before it goes to National Company Law Tribunal and shareholders. Merger is expected to be completed in about 15 to 18 months.
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2 months ago