Meta Goes To NCLAT Against CCI’s Rs 213 Crore Penalty
On 6 January 2025, Meta, the parent company of Facebook and WhatsApp, filed an appeal in the NCLAT (National Company Law Appellate Tribunal) against the Rs 213 crore CCI penalty. The fine was imposed for the company’s alleged abuse of its dominant position related to WhatsApp’s 2021 privacy policy. The case is expected to be…
Shipra Prajapati
Shock For India Cements: MD And CEO Srinivasan Resigns
India Cements MD and CEO, Mr N. Srinivasan, resigned from his post. According to the exchange filing, Srinivasan will stop working in the company on January 1, 2025. This has brought the curtains down for the 50-year-long connection of CEO, Srinivasan with the company that was co-founded by his father, TS Narayanaswami, in 1946. Other…
abhinav singh
MMT-GO And OYO Fined For ‘Unfair Business Practices’ By CCI
Leading hospitality service providers OYO and MakeMyTrip-Goibibo (MMT-GO) were fined more than Rs392 crore by CCI (Competition Commission of India) on Wednesday. The penalty is mentioned on page 131 and is explained as “Unfair Business Practice”. Allegations are that MMT-GO & OYO made an agreement regarding price parity. Under this deal, the hotels were not…
Aman Goyal
Zomato Board Likely To Sign Blinkit Deal Next Week
The board members of food tech giant Zomato will meet on June 17 to sign off the acquisition of the quick-commerce platform Blinkit (formally known as Grofers). Before this, in August 2021, Zomato invested around $100 million into Blinkit and revealed its plan to invest a total of $400 million. At that time, Zomato earned…