Hyundai-Kia’s $300 Mn investment in Ola faces CCI roadblock

Hyundai and Kia Motors’ $300 million investment plan in ride-hailing juggernaut Ola may not go smoothly as Competition Commission of India(CCI) has reportedly put a question mark on the nature of the deal. According to a report, the antitrust watchdog had asked Ola’s parent, ANI Technologies, to define the company’s competitive landscape. However, the company […]

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CCI to probe established telcos for unfair business ways

he Competition Commission has ordered a detailed probe against major telecom players for allegedly trying to block the entry of newcomer Reliance Jio, according to sources. The fair trade regulator’s decision comes on a complaint filed against leading incumbent players — Bharti Airtel, Vodafone and Idea Cellular — and industry body COAI (Cellular Operators Association […]

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CCI clears UltraTech Cement’s Rs16,189 crore deal with Jaiprakash Associates

With the completion of this deal, UltraTech’s cement capacity will increase to 91.1 million tonne per annum (mtpa). Photo: Ramesh Pathania/Mint Mumbai: Aditya Birla Group-controlled UltraTech Cement Ltd on Wednesday said India’s anti-trust regulator has approved its deal to buy Jaypee Group’s cement business. On 4 July, Mint reported that UltraTech Cement amended an agreement […]

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CCI Clears Tianjin Tianhai’s Acquisition Of Ingram Micro

New Delhi: The Competition Commission of India (CCI) has approved the proposed acquisition of electronic products distributor Ingram Micro by China’s Tianjin Tianhai Investment Company (TTIC) and GCL Acquisition. Ingram is active in distribution/logistics and related services for IT products and other electronic products. TTIC provides shipping services through five China-South Korea shipping routes, and three […]

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CCI Clears Tianjin Tianhai’s Acquisition Of Ingram Micro

New Delhi: The competition commission of India (CCI) has accepted the proposed acquisition of digitalproducts distributor Ingram Micro by using China’s Tianjin Tianhai funding employer (TTIC) and GCL Acquisition. Ingram is energetic in distribution/logistics and related offerings for IT merchandise and other electronicmerchandise. TTIC offers shipping offerings through 5 China-South Korea shipping routes, and 3 […]

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