India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60 per cent and run daily operations under … Read more
After the Public Accounts Committee summoned Sebi chief Madhabi Puri Buch on Friday, the Parliamentary Standing Committee on Finance has also decided to hold discussions with her and other financial sector regulators. This was decided at the first meeting of the parliamentary finance panel on Tuesday, which was attended by 24 MPs who are its … Read more
China’s Xiaomi has asked India’s antitrust body to recall its report that found the company and Walmart’s Flipkart breached competition laws, arguing it contains commercial secrets, two people familiar with the matter said. Any recall of the Competition Commission of India report could delay its antitrust investigation, which began in 2021. In a rare move … Read more
Mergers and acquisitions involving digital firms that have one tenth of their global users or gross merchandise value in the previous one year or annual turnover in India would require clearance from the Competition Commission of India (CCI), as they would then be considered to have “substantial business operations” in this country, the regulator said. … Read more
