CCI
Food
Alibaba seeks CCI approval to buy stake in BigBasket
Chinese e-commerce major Alibaba has sought approval of the Competition Commission of India (CCI) for acquiring stake in online grocery platform, BigBasket.
According to a PTI report: "The proposed combination relates to the acquisition and purchase of shares of Supermarket...
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Fair trade regulator CCI dismisses complaint against e-retailers
Fair trade regulator CCI has rejected a complaint that alleged unfair trade practices by 23 online retailers and sellers on e-commerce websites, including Ebay India and Amazon Seller Service.
According to a PTI report: The complainant had alleged that the...
Retail
India Gets its First FDI Investment in Multi-Brand Retail with Tesco Completing the JV with Trent Ltd.
India has got its first foreign investor for the country's multi-brand retail sector with Tesco bringing the first set of FDI investment after having completed the 50:50 JV with Tata's Trent Limited. The JV, Trent Hypermarket Limited (THL) runs...
Retail
British Retailer Tesco Gets CCI Nod for Buying 50% Stake in Trent Hypermarket
Fair trade regulator CCI has cleared British retailer Tesco’s purchase of a 50 percent stake in Tata Group firm Trent Hypermarket, the first FDI transaction in multi-brand retail since the sector was opened up in 2012, according to PTI.Approving...
Retail
RIL donates Rs 11 cr for Bihar flood victims
As part of its corporate social responsibility (CSR), Reliance Industries Ltd has donated Rs 11 crore to the Bihar Chief Minister’s Relief Fund for taking forward the government’s relief and rehabilitation program towards its flood victims.While handing the cheque...
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Gem, jewellery industry welcomes govt move to reduce customs duty on platinum findings
The sector comprises 85-90 per cent of MSMEs and the revision in classification criteria of MSMEs will help them...
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