CROWN CASTLE

The Competition Commission of India (CCI) lawyer told the Court that when big players give discounts, they incur losses for a short time, but this pushes the smaller players out

Earlier in January, SAMC had announced its plans for the transaction, which included Principal Trustee Company Pvt Ltd (PTCPL) and Principal Retirement Advisors Pvt Ltd (PRAPL), valued at Rs 338.5 crore.

CCI approves the proposed merger of Embassy group firms NAM Estates and Embassy One Commercial Property Developments with Indiabulls Real Estate

Ashok Swami, chairman, Maharashtra State Co-op Textile Federation (MSCTF) said that the cooperative spinning mills in the state are finding it difficult to purchase cotton at the market rates since they have been in financial distress.

The CCI study cites the example of Amazon in the US, where only 1 per cent Amazon Prime members are likely to consider competitor retail sites, while non-Prime members are eight times more likely than Prime members to shop between both Amazon and Target

Globally, the competition authorities, including the European Commission, the US, and the UK competition authorities, have issued penalty guidelines to ensure that the penalty imposed does not become disproportionate.

Axis Capital Limited is engaged in the business of providing focused and customized solutions in the areas of investment banking and institutional equities.

CCI approves e-commerce giant Flipkart's acquisition of 7.8 percent stake in Aditya Birla Fashion

On completion of this transaction, Aditya Birla Fashion would have successfully executed a capital raise of Rs 2,500 crore since April 1, 2020

Summary List Placement The Facebook-owned messaging platform announced that its peer-to-peer (P2P) payments service is now live in India, per The News Minute. WhatsApp's payments launch in India was done in partnership with the State Bank of India, HDFC Bank, ICICI Bank, and Axis Bank. The service will only be available for up to 20 million users—though this is expected to increase over time—per guidelines from the National Payments Corporation of India (NCPI). WhatsApp's payments launch in the country expands the service's beta version, which has been available for 1 million users since its introduction in 2018. WhatsApp had to overcome antitrust hurdles to move ahead with its payments launch in India. In March, the Competition Commission of India (CCI) received a complaint against WhatsApp, alleging that the messaging platform—which is estimated to have 390.1 million users in India, making it WhatsApp's largest global market, per eMarketer forecasts (now part of Insider Intelligence)—was abusing its market position by bundling its digital payment service within its platform.

HOUSTON, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE: CCI) (“Crown Castle”) announced today the release of its 2019…

Mumbai: The Competition Commission of India’s (CCI) investigation against many cement companies for alleged cartelisation will sour near-term sentiment on the sector and possibly slow any price hikes expected in the upcoming busy season from January to March, said domestic brokerage firm Motilal Oswal.Motilal Oswal remains positive on the sector on the back of improving demand and utilisation and rated UltraTech Cement as its top pick among the large-caps.Dalmia Bharat is Motilal Oswal’s top pick in the mid-cap cement space. It sees ACC as a value pick and does not see much upside in Shree and Ramco whose potential market share gains are already priced in."In case the CCI levies a penalty this time around as well at 0.5 times of the FY19 and FY20 PAT (based on the CCI order of 2012), we assess a potential impact of about 5% on stock prices," the brokerage said.79690517On Friday, shares of ACC ended down 1.5% at Rs 1,607.45 and Ambuja Cements ended down 0.9% at Rs 246.10. UltraTech Cement ended up 1% at Rs 5,015 and Dalmia Bharat’s shares closed 2% higher at Rs 1,058.10.The brokerage highlighted the case of the last CCI order of 2012 when it had levied penalties on cement companies amounting to 0.5 times of the FY10 and FY11 profit after tax earned.

New Delhi: Strong global sentiment along with renewed buying pushed up the Indian equity market during the mid-afternoon trade session on Friday. Accordingly, the market opened with a gap up following Thursday decline. In terms of sectors, all major indices were trading in green. At 1.45 p.m., Sensex was trading at 46,137.65, higher by 177.77 points or 0.39 per cent from the previous close. The Nifty50 was trading at 13,529.55, higher by 51.25 points or 0.38 per cent from the previous close. "Index is continuing its bullish momentum for sixth consecutive weeks and intraday dips are getting bought into quickly," said Jay Purohit, Technical & Derivatives Analyst, MOFSL. "Except marginal loss in IT and Pharma space; all other sectoral indices are moving in the green. Among them, Metal, PSU Bank and Media indices are major gainers." According to Gaurav Garg, Head of Research, CapitalVia Global Research: "Nifty has found a small demand zone in the range of 13,350-13,400 while the major demand zone will be at 13,000.

Top executives of Carlsberg, SABMiller and India’s United Breweries (UB) exchanged commercially sensitive information and colluded to fix beer prices in India over 11 years, according to a government antitrust investigation report seen by Reuters.The Competition Commission of India (CCI) in 2018 raided the offices of the three brewers and started an inquiry. The investigation’s findings – which are not a final judgment of wrongdoing – cast a shadow on the brewers, which account for 88 per cent…