Ecommerce companies will face action for any unfair practice
By MYBRANDBOOK
Competition Commission of India’s Chairman Ashok Kumar Gupta said that any violation of competition law by ecommerce companies will be dealt with firmly. The companies should ensure that their conduct and policies are in accordance with the law, he added.
“Owing to their innate features, such as network effects and data-driven complementarities, digital markets typically yield high concentration and are often winner-take-all markets. The task for CCI, like any other competition authority, is to ensure that these concentrated digital markets remain open to new entrants and that competition on and between the digital platforms is on merits,” he said.
This became more critical during the pandemic because an increasing proportion of economic activity is being channelled through the digital avenue and a small number of firms have taken key intermediation positions.
“This shift in markets is posing challenges for lawmakers and enforcers as to how to address the consequent bargaining power imbalance and information asymmetry between platforms and their business users,” he said. “Non-enforcement tools help in engaging with stakeholders without any regulatory pressure and highlighting to them the potential areas of concern,”
Gupta said he won’t comment on specific cases, but added that rulings are intended to provide regulatory guidance to stakeholders.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
LENOVO GROUP LTD.
FRESHWORKS TECHNOLOGIES PVT. LTD.
SAFE SECURITY SERVICES PVT. LTD.
FIREBOLTT
Technology Icons Of India 2023: Madhabi Puri Buch
Madhabi Puri Buch is the chairperson of the securities regulatory body...
Technology Icons Of India 2023: Roshni Nadar Malhotra
Roshni Nadar Malhotra is an Indian billionaire businesswoman and the c...
Technology Icons Of India 2023: Sandip Patel
Sandip Patel is the Managing Director, IBM India/South Asia. He is res...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
IVALUE INFOSOLUTIONS PVT. LTD.
: iValue Info Solutions is a value added distributor, provides solutio...
INFLOW TECHNOLOGIES PVT. LTD.
Inflow Technologies is a niche player in the IT Infrastructure Distrib...