The Competition Commission of India (CCI) is conducting studies on the country’s telecom sector as well as merger and acquisition in the digital market, the watchdog’s Chairperson Ashok Kumar Gupta said on Monday, June 8, as it seeks to bolster capabilities to deal with unfair business ways.
The fair trade regulator, which has an “overarching jurisdiction” across sectors, has powers to act against anti-competitive practices and also promote fair competition.
In an interview to PTI, Gupta said the CCI is planning to undertake market studies in other sectors as well. “At present, apart from market study on the telecom sector, a study on merger and acquisition in the digital market is going on. CCI is also planning to initiate market study in the pharmaceutical sector,” he said.
Amid increasing online business activities, including e-commerce portals, there have also been concerns in certain quarters about possible anti-competition impact on offline businesses. Against this backdrop, the regulator is also looking to enhance its expertise to deal with competition issues arising out of the digital economy.
Full Content: Business Today
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Plaintiffs Seek Communications In Antitrust Case Against Pioneer
May 9, 2024 by
CPI
UK Government Approves Vodafone-Hutchison Merger
May 9, 2024 by
CPI
Senate Majority Leader Announces Plan for AI Regulation Framework
May 9, 2024 by
CPI
BBVA Initiates Aggressive Takeover Bid for Sabadell
May 9, 2024 by
CPI
TikTok to Label AI-Generated Content Amid Election Interference Concerns
May 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI