Economy

CCI’s fast-track M&A approval boosts investor confidence, drives economic growth

The Competition Commission of India (CCI) has set a benchmark for regulatory efficiency with its swift handling of merger and acquisition (M&A) filings, as revealed in its Annual Report for FY 2023-24.  The average number of working days for merger clearance was just 16 days, a significant improvement compared to previous years.  This rapid turnaround […]

Economy

House Panel Likely to Consider Retrospective Applicability of CCI’s Commitment Mechanism

The Rajya Sabha’s Committee on Subordinate Legislation, chaired by Milind Murli Deora, has decided to undertake a detailed examination of the Competition Commission of India (Commitment) Regulations, 2024.  This scrutiny will focus on the implementation challenges, operational impact, and alignment with the legislative intent behind the Competition Amendment Act, 2023, which introduced the commitment mechanism […]

UltraTech Cement gets CCI’s clearance to acquire majority stake in India Cements

NEW DELHI: The Competition Commission of India (CCI) on Friday cleared billionaire Kumar Mangalam Birla-promoted UltraTech Cement’s proposal to acquire a majority stake in India Cements. “The proposed combination envisages UltraTech Cement Ltd’s (UltraTech/acquirer) acquisition of 32.72 per cent of the paid-up equity share capital of India Cements Ltd (India Cements/target) from the promoters and […]

Economy

Supreme Court dismisses CCI’s appeal against Delhi High Court’s ruling in JCB case

The Supreme Court on Friday dismissed an appeal filed by the Competition Commission of India (CCI) challenging the Delhi High Court’s August 2024 decision to quash an inquiry against UK-based JCB Limited and its Indian subsidiary. The inquiry stemmed from allegations of abuse of a dominant position by JCB in the backhoe loader market. The […]

Economy

E-commerce antitrust cases: SC to deliberate on CCI’s plea for consolidation

Attorney General R. Venkataramani on Thursday urged the Chief Justice of India (CJI) to list the Competition Commission of India’s (CCI) plea seeking consolidation of writ petitions filed by e-commerce resellers. The matter, which Venkataramani mentioned before CJI, is expected to be heard on Monday. CCI has approached the Supreme Court seeking the transfer of […]

Economy

Government reaffirms CCI’s readiness to regulate digital markets

The Ministry of Corporate Affairs (MCA) has clarified that the ongoing examination of the much-anticipated and awaited Digital Competition Bill will not strain the existing resources or case workflows of the Competition Commission of India (CCI). In response to an unstarred question in the Lok Sabha, Minister of State for Corporate Affairs Harsh Malhotra categorically stated that […]