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The two-member bench expressed its difficulties to take up the matter on Monday, as one of the members is retiring in the next four days, after completing his tenure
When the matter was called for hearing, a two-member bench expressed its difficulties to take up the matter on Monday, as one of the members is retiring in the next four days, after completing his tenure

Amazon''s plea to stay CCI order adjourned

08:27am, Monday, 14'th Feb 2022 Economic Times India
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned till February 25, the hearing on the plea of e-commerce major Amazon, seeking an interim stay over the order passed by fair trade regulator CCI, which suspended the over-two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL).When the matter was called for hearing, a two-member bench expressed its difficulties to take up the matter on Monday, as one of the members is retiring in the next four days, after completing his tenure.In this matter, NCLAT would also have to hear other parties such as fair trade regulator CCI, before passing an order and it would take some more time and then the retiring member would not be a part of the bench."Hence we are posting the matter to the next week," said the NCLAT bench, while directing to list Amazon''s plea on February 25, for hearing.During the proceedings, senior counsel Gopal Subramaniam representing Amazon, requested to stay the order passed by CCI as 60 days'' time to implement the CCI order is expiring this week.However, the bench said that the original order was passed on December 16, and it can take up the matter next week."I am proceeding under the footing that the commission understands that everything stands extended because of the exigencies of the court," he said.Senior counsel Mukul Rohatgi appearing for FCPL said he was opposing any stay in the matter."We are opposing any stay and 60 days expires…

NCLAT adjourns hearing on Amazon''s plea to stay CCI''s order

08:03am, Monday, 14'th Feb 2022 The Times of India
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned till February 25, the hearing on the plea of e-commerce major Amazon, seeking an interim stay over the order passed by fair trade regulator CCI, which suspended the over-two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL).

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Sona Company gets CCI nod for stake buy in Sajjan India

03:05pm, Friday, 11'th Feb 2022 Economic Times India
The Competition Commission on Friday approved acquisition of certain stake in Sajjan India Ltd by Sona Company. The proposed transaction relates to investment in Sajjan India by way of acquisition of equity shares, according to a combination notice filed with the regulator. Sajjan India is engaged in manufacture of chemical compounds, manufacture and trade of specialty chemicals, manufacture and trade of chemical compounds used in dyes and pigments and that of chemical reagents, among others. Sona Company is an investment company incorporated under laws of Singapore. "Commission approves acquisition of equity share capital of Sajjan India Limited by Sona Company (a portfolio company under CVC Partners)," a tweet by the regulator stated.

Sona Company gets CCI nod for stake buy in Sajjan India New

02:33pm, Friday, 11'th Feb 2022 Business Standard
The Competition Commission on Friday approved acquisition of certain stake in Sajjan India Ltd by Sona Company. The proposed transaction relates to investment in Sajjan India by way of acquisition of equity shares, according to a combination notice filed with the regulator. Sajjan India is engaged in manufacture of chemical compounds, manufacture and trade of specialty chemicals, manufacture and trade of chemical compounds used in dyes and pigments and that of chemical reagents, among others. Sona Company Pte Ltd is an investment company incorporated under laws of Singapore. "Commission approves acquisition of equity share capital of Sajjan India Limited by Sona Company (a portfolio company under CVC Partners)," a tweet by the regulator stated.
The CCI has received certain complaints alleging predatory pricing against e-commerce companies.

Top 5 Low-Beta High-Yielding Stocks to Counter Volatility

10:51am, Friday, 11'th Feb 2022 Zacks Investment Research
We have narrowed our search to five large-cap low-beta stocks with a solid dividend yield. These are: PFE, PKG, ATO, TXN and CCI.

CCI so far not found any contravention by e-tailers on predatory pricing: Govt

10:28am, Friday, 11'th Feb 2022 The Hindu BusinessLine
Discriminatory prices are prohibited under the provisions of Competition Act, 2002
The CCI has received certain complaints alleging predatory pricing against e-commerce companies, Minister of State for Commerce and Industry Som Parkash said in a written reply to a query in the Rajya Sabha.
We have narrowed our search to five large-cap low-beta stocks with a solid dividend yield. These are: PFE, PKG, ATO, TXN and CCI.

Telangana: Jogu Ramanna protests to demand restoration of CCI

12:41pm, Thursday, 10'th Feb 2022 The Siasat Daily
Adilabad: MLA Jogu Ramanna has urged that the union government to restore Cement Corporation of India’s (CCI) factory in Adilabad. On Thursday, he took part in a rasta-roko (road blockade) on the Hyderabad-Nagpur national highway number 44, demanding the reopening of the Adilabad unit. The demonstration was planned by a joint action group created to … Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
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