Along with the penalty, the CCI has issued cease-and-desist directions and mandated behavioural remedies to be implemented within a stipulated timeline.
Reliance Industries, Viacom 18 Media (Viacom18) and The Walt Disney Company (Disney) on Thursday announced that following the approval by the NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star
By acquiring this division, PFL is set to diversify its business portfolio, which is traditionally centred around food processing, oilseed refining, and fast-moving consumer goods (FMCG) related to health, nutrition, and edible oils.
He has also sought direction from the CCI to take legal action without delay against all offenders and has urged suspension of upcoming "festival sales" events of Amazon and Flipkart, as they will further harm domestic traders through the continued use of "anti-competitive practices."
As a result of the transaction, Star India Private Limited, through its subsidiaries, shall become a joint venture (JV) which will be jointly held by Reliance Industries, Viacom18 and existing TWDC subsidiaries.
According to a statement released by CCI on Tuesday, Mango Crest Investment Ltd is undertaking investment holding activities in Shriram Housing Finance.
The Competition Commission of India (CCI) on Tuesday said that it has approved the proposed combination involving the acquisition by Advent (through Rasmeli) in Apollo Healthco, the acquisition by Apollo Healthco in Keimed and the Merger of Keimed into Apollo Healthco.
The Mumbai-based Godrej Group has received approval from the Competition Commission of India (CCI) for its realignment plans of interests, legal ownership, and management of various entities within the group.