ANTI COMPETITIVE PRACTICES
Road to a $3.7 trillion Stablecoin market is full of obstacles
Stablecoins are on the brink of mainstream adoption, with the US Senate advancing legislation and major firms like PayPal and Amazon eyeing them for payments. Yet, regulatory uncertainty, low liquidity, and compliance gaps threaten the projected $3.7 trillion market growth. Adoption hinges on clarity, interoperability, and addressing real-world payment complexities.
Crack in the case: 280,000 eggs vanish from top US producer — then a bizarre ransom note shocks investigators
The Great Egg Heist has left authorities and egg lovers baffled after 280,000 eggs—worth nearly $100,000—were stolen from a Cal-Maine Foods farm in Maryland. This wasn’t just a theft, but a slick freight scam that exposed loopholes in America’s food transport system. Cal-Maine, the biggest egg supplier in the U.S., is already under investigation for alleged price manipulation amid rising egg costs. With eggs in high demand and prices soaring, this case taps into bigger questions about food security, corporate power, and how fragile the supply chain can be. This real-life egg mystery is more than just cracked—it’s scrambled.
Larry Ellison once spied on Bill Gates’ Microsoft. Now he is the second richest man: Is this the ultimate revenge?
From accusing Microsoft of “anti-innovation” to orchestrating the bizarre Trashgate scandal, Larry Ellison’s war against Bill Gates was never subtle. Now, nearly 50 years after founding Oracle, Ellison’s $254 billion fortune—and a booming AI-led empire—positions him above his old rival in both wealth and influence, sealing one of tech’s fiercest feuds with a final flourish.
Meta appoints Arun Srinivas as its India head
Arun Srinivas was previously heading Meta's ad business in India. Under this role, Srinivas oversaw business strategy and revenue growth for India across all Meta Platforms, for all businesses, and was a part of the India leadership team.
NCLAT declines to stay CCI order against UFO Moviez, Qube Cinema
The NCLAT has upheld a CCI order penalizing UFO Moviez India and Qube Cinema Technologies for anti-competitive practices related to digital cinema equipment supply. The tribunal dismissed their plea for a stay, citing the CCI's findings and directing them to deposit 25% of the penalty.
How not to keep secrets: India’s real estate, trusts and partnerships tell the story
Tax Justice Network's Financial Secrecy Index ranks India 24th globally, highlighting both progress and persistent opacity. While India shows transparency in corporate ownership, weaknesses remain in areas like beneficial ownership and international cooperation. The index underscores the need for global fairness and transparency, urging countries to prioritize it for economic stability and trust.
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Trump promised to welcome more foreign students, now, they feel targeted on all fronts
President Trump's shift in policy has created an environment of fear and uncertainty for international students in the US. Policies such as visa restrictions and potential termination of study permits have disrupted their academic pursuits and future plans.
Is India doing enough to combat its waste management and pollution crisis?
India grapples with a significant waste management and pollution crisis, evident in overflowing landfills and declining air quality. While progress is being made in remediating legacy waste and increasing processing capacity, challenges remain, particularly with plastic waste and toxic discards. The nation is striving for a cleaner future through policy initiatives, technological innovation, and public awareness campaigns.
Trump promised to welcome more foreign students. Now, they feel targeted on all fronts
President Trump's initial promise to grant green cards to foreign graduates never materialized, leading to policies that restrict international students' opportunities. These policies, including visa restrictions and enrollment blocks, have created fear and uncertainty among students. Many are reconsidering their plans to build a life in America, feeling expendable and unwelcome, and some are even contemplating leaving the country.
Amazon price rules anti-competitive: German regulator
Amazon's pricing rules are an abuse of its market power, Germany's competition watchdog said Monday, paving the way for possible demands for changes to its business practices in Europe's biggest economy. Germany's cartel office began investigating Amazon's pricing rules in November 2022.
Wall Street giants face antitrust scrutiny over coal investments and ESG push
US regulators have for the first time warned that common ownership among financial giants like BlackRock, Vanguard and State Street could violate antitrust laws. A new legal filing says their influence over competing coal firms may reduce market competition, intensifying the political and legal clash over ESG investing and regulatory oversight
CCI’s action against rules violation in digital market to be 'evidence-based & proportionate': Chairperson Ravneet Kaur
CCI Chairperson Ravneet Kaur emphasized that the regulator's enforcement against antitrust violations in the digital market will be evidence-based and proportionate. The CCI is proactively adapting its regulatory tools to address the complexities of digital markets and is committed to ensuring market access for small businesses, encouraging innovation, and preventing monopolistic practices to align with India's development goals.
CCI rejects allegations of anti-competitive practices against Canara Bank
The CCI dismissed a complaint against Canara Bank, stating no evidence of anti-competitive conduct or abuse of dominance. A Tamil Nadu-based company alleged arbitrary interest rates, undervalued assets, and obstruction of loan transfers. However, CCI found Canara Bank's market share insufficient to establish dominance, and no proof of collusion with valuers.
Chill, trimmed pill prices won't hurt us
Donald Trump's executive order targeting international consumer price parity for prescription drugs in the US faces implementation challenges and potential legal battles. While unlikely to significantly impact Indian generic drug exporters, the order aims to increase imports from developed economies.
Donald Trump's pharma pricing diktat details and how it can be legally challenged
President Trump signed an executive order aimed at lowering U.S. drug prices to match those of other countries, prompting industry concerns and potential legal challenges. The order directs action if drugmakers don't make progress, including considering imports and export restrictions. While trade groups criticized the move, shares of drugmakers rallied, suggesting skepticism about its implementation.
Jubilant Beverages get CCI nod to acquire 40 pc stake in Hindustan Coca-Cola Holdings
Fair trade regulator CCI on Thursday cleared Jubilant Beverages' proposal to acquire a 40 per cent stake in Hindustan Coca-Cola Holdings Pvt Ltd (HCCH).
Stainless steel industry urges govt to take measures to protect domestic players
The Indian stainless steel industry is seeking government intervention through safeguard duties to combat a surge in cheap finished steel imports, primarily from China and ASEAN countries. Local manufacturers are struggling with high costs and unfair competition, threatening the 'Make in India' initiative. The industry plans to address these challenges at the upcoming Global Stainless-Steel Summit 2025.
Kashmir to cartography: How Pakistan lost the plot and India eyes the map
The Pahalgam attack has paradoxically united India on Kashmir while isolating Pakistan, highlighting a strategic miscalculation. India's security concerns are evolving amidst great power competition and Chinese influence. This necessitates a composite response, including revisiting agreements like the Indus Waters Treaty and addressing cartographic vulnerabilities to secure its peripheries and compete effectively.
Pahalgam terror attack triggers airline surge pricing: Why India needs regulation to curb crisis profiteering
Following the Pahalgam attack, Srinagar flight prices surged. This raised concerns about unfair pricing. The DGCA intervened, but many travelers already faced high costs. The Consumer Protection Act needs amendment. It should address emergency profiteering in essential services. A 'crisis pricing code' is necessary. This will ensure fair pricing during emergencies. India must prioritize consumer protection over unchecked algorithms.
Google, X next targets as Europe stays tough on tech regulation
The Digital Markets Act (DMA) sets out a list of dos and don'ts for tech giants to make it easier for people to move between competing online services like social media platforms, internet browsers and app stores and for smaller rivals to compete.
Delhivery, Ecom Express seek CCI nod for their Rs 1,400-crore deal
Delhivery Ltd and Ecom Express have sought the Competition Commission of India's (CCI) approval for their Rs 1,400-crore deal. Delhivery will acquire a controlling stake in Ecom Express for a cash consideration. The proposed transaction reflects the Indian economy's continuous requirement for improvements in cost efficiency, speed and reach of logistics.
Competition Commission of India dismisses allegations of anti-competitive practices against GMR Airports
The Competition Commission of India (CCI) has dismissed allegations against GMR Airports regarding anti-competitive practices in awarding contracts at the Indira Gandhi International Airport. The CCI found that contracts for parking and lounge services were awarded through a competitive bidding process and no contravention of competition law occurred.
CCI's forensic experts to examine data collected during raids at some advertising agencies' offices
Forensic experts from the Competition Commission of India (CCI) are examining digital data and documents collected during raids on advertising agencies' offices. These raids were part of an investigation into alleged anti-competitive practices related to commercial arrangements with broadcasters. The CCI's Director General is responsible for probing these suspected violations.
Google's plea against CCI order in android mobile device case mentioned in SC
On March 29 last year, the National Company Law Appellate Tribunal (NCLAT) had handed out a mixed verdict on Google's alleged anti-competitive practices in the case -- upholding a fine of Rs 1,338 crore but scrapping conditions like allowing hosting of third-party app stores on its Play Store.
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.
Settlement, commitment framework will help ensure faster market corrections: CCI chief Ashok Kumar Gupta
On August 5, the government introduced the Competition (Amendment) Bill, 2022 in the Lok Sabha to amend various provisions of the competition law and the bill has been referred to the Parliamentary Standing Committee on Finance.
CCI directs 6 firms, officials to desist from anti-competitive practices
The Competition Commission of India concluded that OPs had indulged in cartelization and bid rigging. Here OPs refer -- Shivalik Agro Poly Products Ltd, Climax Synthetics Pvt Ltd, Arun Manufacturing Services Pvt Ltd, Bag Poly International Pvt Ltd, Shalimar Plastic Industries and Dhanshree Agro Poly Product.
Madras High Court rejects Hyundai Motor's plea on 'anti-competitive' practices
The matter relates to a complaint lodged with the CCI in 2011 by one Shamsher Kataria of New Delhi, alleging anti-competitive practices by three car-makers in the country.
CCI packs punch for fairness; slaps Rs 2,700 crore fine in 2014
Even as a perception persists about the CCI being yet another hurdle for doing business, the regulator cleared nearly 70 merger and acquisition deals this year.
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