The Competition Commission of India on Tuesday approved US-based private equity firm Blackstone’s proposal to acquire up to 9.99 per cent stake in Federal Bank through warrants, clearing the way for the global investor’s entry into the private sector lender.In a release, the fair trade regulator said the proposed transaction involves Asia II Topco XIII…
Competition Commission of India (CCI) chairperson Ravneet Kaur said on Friday clarified that the probe was based on an initial assessment of information received by the regulator after flights cancellations. The regulator had decided to look into IndiGo’s operations following the recent flight disruptions that affected passengers across the country,Speaking to PTI, Kaur said specific…
IndiGo, commanding approximately 65% of India’s domestic aviation sector, has cancelled over 5,000 flights this month. Fresh trouble for IndiGo? India’s largest airline by market share, IndiGo, may be in for more trouble after a week which saw thousands of flights being cancelled. India’s competition watchdog is considering launching an investigation into IndiGo to determine…