CCI news and archive

Future Retail raises funds through warrants

Future Retail, the retail arm of the Future Group has raised around Rs 2,000 crore (approx 286.7 million dollars) through issue of warrants to its promoter group entity on a preferential basis. With this, the shareholding of the promoter and promoter group in Future Retail was 47 percent at the end of March 2019.The fund has been approved by...

Retail

E-commerce to come under scanner of nine govt agencies

The advent of e-commerce in India has had both positive as well as negative impact on the country’s economy. To keep a tab over e-commerce players in the country, the department of consumer affairs has proposed a committee of secretaries (CoS). The CoS could bring e-commerce under the purview of up to nine government agencies and regulatory...

Retail

CCI gets complaint about unfair business practices of websites

Fair trade regulator Competition Commission of India (CCI) has received a complaint against online retailers, including leading platform Flipkart, for alleged unfair business practices. The complaint was made after Flipkart’s massive ‘Big Billion Day’ sale event that raised concerns over anti-competitive practices of the online shopping portals....

Apparel

Josh & Vedangi to debut at WIFW

Winners of the coveted ‘Let’s Design’ competition, Josh and Vedangi will debut with their collection for Spring/Summer 2014 at the Hi 5 show, a part of Wills Lifestyle India Fashion Week, on October 13, 2013. Organized by the Fashion Design Council of India (FDCI), Asia's biggest five-day fashion will take place October 9-13, 2013 at Pragati...

Apparel

Birla-Pantaloon deal faces CCI hurdle

The much touted deal between Aditya Birla group and Kishore Biyani’s fashion apparel business Pantaloon has faced a roadblock with Competition Commission of India (CCI) sending back the proposal terming it as premature and lacking a nod from the boards of the respective companies. “The commission is of the view that the parties have given the...

Apparel

Production from NTC mills on rise since 2009-10: Government

The government has said that production from mills under the National Textiles Corporation (NTC) has been on the rise since 2009-10. Cloth production has increased to 120.25 lakh metres in the last financial year from 89.91 lakh metres in 2010-11, Textiles Minister Anand Sharma informed Parliament. Yarn production has grown in the last three...