India’s competition watchdog, the CCI, has fast-tracked Apple’s antitrust case and scheduled a final hearing for May 21. The CCI earlier found Apple abused its dominance in the iPhone app market, but Apple has not provided requested financial data. With penalties now in focus, the missing information could weigh heavily as fines are on the table.
India’s Competition Commission of India has dismissed a complaint targeting Adani Group entities and others in connection with a Solar Energy Corporation of India tender. The CCI said there was no initial evidence of anti-competitive practices and noted the Adani Group does not appear to hold dominance in the power generation market, effectively ending the probe at the preliminary stage.
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Grasim’s anti-competition complaint has triggered a CCI probe into Asian Paints, spotlighting a growing battle for market share in decorative paints. With aggressive new players like JSW and Birla Opus entering the fray, the once-settled market dynamics are shifting fast, potentially leading to major shakeups for the incumbents.
The government’s December 30 safeguard duty on cheap steel imports offered a quick boost to domestic players like Tata Steel, JSW Steel and SAIL. But the momentum faded as a CCI probe alleged that major steelmakers may have colluded on pricing, raising the possibility that competition rules were breached. The industry now faces a “one step forward, two steps back” scenario.
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