CII asks companies to comply with competition law amid Covid crisis

Monday, 25 May 2020, 05:12:20
New Delhi: As businesses and enterprises face a severe crisis amid the coronavirus pandemic, industry body CII has cautioned that although tough times may prompt companies to collaborate with their competitors, they must take decisions and operate as per the anti-trust law and the Competition Act of 2002. In its competition law compliance manual for corporates in the wake of novel coronavirus, CII noted that the Competition Commission of India (CCI) would keep a close watch for any potential competition law infringement during this period. “The current COVID-19 crisis has created unprecedented challenges in India and across the world. This impact of COVID-19 on the functioning of the economy may prompt companies to collaborate with their competitors to tackle the uncertainty and hardship faced. However, companies must note that antitrust laws continue to apply and all business decisions undertaken by companies must not fall foul of the provisions of Competition Act, 2002,” said the industry manual.
— Sify.com

Oppenheimer Bullish On Wireless Services, Upgrades American Tower, Crown Castle

Friday, 22 May 2020, 11:01:00
While the coronavirus has caused uncertainty and sparked recessionary fears, temporarily slowing new network builds, tower growth appears set to …
— Benzinga

CCI approves Emami Cement acquisition by Nirma arm

Thursday, 21 May 2020, 14:24:24
Development comes after Emami received queries on whether the deal was not progressing further in the wake of covid-19 pandemic.The sale of the cement business is part of Emami group’s plan to become debt-free
— Livemint

Cotton Council joins Sustainable Apparel Coalition

Thursday, 21 May 2020, 06:47:00
US not-for-profit group Cotton Council International (CCI) has joined the Sustainable Apparel Coalition (SAC) and will use the group’s Higg Index sustainability measurement tools to drive environmental and social responsibility throughout its supply chain.
— Drapers

Monsanto pleas against probe into allegations of dominant position abuse dismissed

Wednesday, 20 May 2020, 23:25:00
It held that the CCI order passed under Section 26(1) of the Competition Act “is an administrative order” and, therefore, unless it is found that the same is “arbitrary” and “unreasonable”, no interference would be warranted.
— The Financial Express