January 18, 2025
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Tag: Competition Commission of India

Google parent Alphabet gets CCI’s clearance to acquire stake in Flipkart, here’s what the order says – Times of India

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The Competition Commission of India (CCI) has granted approval to Google parent Alphabet’s arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. The proposed transaction comprises investment through subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC; and an arrangement between an affiliate of Alphabet and Flipkart’s…

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CCI slaps Rs 213 crore fine on Meta, orders WA to stop sharing data with sister companies | India News – Times of India

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NEW DELHI: In its first action of this kind against a social media platform, Competition Commission of India (CCI) on Monday ordered WhatsApp to stop sharing user data with other companies within the fold of its parent Meta, which has been slapped a fine of Rs 213 crore for abusing its “dominant position” following changes…

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CCI fines Meta Rs 213 crore over WhatsApp’s 2021 privacy policy update: Told to take these “behavioural remedies” within a defined timeline – Times of India

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The Competition Commission of India (CCI) imposed a ₹213.14 crore ($25.6 million) penalty on Meta Platforms and ordered WhatsApp to implement specific behavioural remedies within a defined timeline, including a five-year ban on sharing user data with other Meta companies for advertising purposes.The antitrust watchdog ruled that WhatsApp’s mandatory data-sharing policy constituted an abuse of…

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CCI flags concerns over cricket rights with Reliance-Disney $8.5 billion merger – Times of India

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NEW DELHI: Competition Commission of India has reached an initial assessment that the $8.5-billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights, four sources said Tuesday, according to Reuters.It is the biggest setback so far to the planned merger, which aims to create India’s…

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