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InterGlobe Aviation shares fell sharply on Thursday after Competition Commission of India (CCI) ordered initiating a detailed investigation into IndiGo over alleged unfair business practices. The stock dropped over 3% during the morning session. On the BSE, shares of the airline’s parent company slid 3.65% to Rs 4,782.45, while on the NSE they declined 3.63%…
NEW DELHI: The Supreme Court on Tuesday asked the National Company Law Appellate Tribunal (NCLAT) to decide afresh whether it is necessary for the Competition Commission of India (CCI) to probe a 2018 complaint accusing e-commerce major Flipkart of abuse of its market dominant position.Taking up an appeal by Flipkart against a March 4, 2020,…
The Competition Commission of India have had enough of Apple‘s stalling. After more than a year of delays, the antitrust watchdog has issued a final warning to the iPhone maker: respond by next week or we’re moving forward without you.The stern message came in a confidential December 31 order that accused Apple of undermining the…
Amid all the flak aviation regulator DGCA has drawn for its handling of last month’s IndiGo crisis, the role of another regulator – Competition Commission of India – has gone relatively unnoticed. CCI was set up to promote and sustain competition in markets, and is tasked with curbing anti-competitive practices across sectors. It is CCI’s…
The Competition Commission of India (CCI) has sought information from IndiGo and aviation regulator DGCA to assess whether the country’s largest airline indulged in unfair business practices following widespread flight cancellations last month, PTI reported citing sources.In early December, IndiGo, which commands over 63% share of the domestic aviation market, faced major operational disruptions that…
CCI has invoked section 48 of the law, which extends liability to senior executives in charge of company operations. Under this provision, individuals can be held personally accountable and face penalties of up to 10% of their average income over the last three financial years if the violations are proven.Last week, TOI had sent questionnaires…
The Competition Commission of India on Tuesday approved US-based private equity firm Blackstone’s proposal to acquire up to 9.99 per cent stake in Federal Bank through warrants, clearing the way for the global investor’s entry into the private sector lender.In a release, the fair trade regulator said the proposed transaction involves Asia II Topco XIII…
Competition Commission of India (CCI) chairperson Ravneet Kaur said on Friday clarified that the probe was based on an initial assessment of information received by the regulator after flights cancellations. The regulator had decided to look into IndiGo’s operations following the recent flight disruptions that affected passengers across the country,Speaking to PTI, Kaur said specific…
NEW DELHI: The Competition Commission of India (CCI) will now probe whether a case of abuse of dominance is made out against IndiGo — which has over 60% domestic market share and is also the single largest airline in terms of international traffic to & from India — as well as review allegations of antitrust…
The Competition Commission of India (CCI) announced on Thursday it will investigate IndiGo airlines’ recent mass flight cancellations under Competition rules, following widespread disruptions that affected thousands of passengers since December 2, PTI reported.The fair trade regulator stated it has taken notice of complaints filed against IndiGo regarding the recent aviation sector disruptions across various…
