Key Points
The Competition Commission will soon float a tender for conducting a study on the impact of artificial intelligence on businesses and services. its chief Ravneet Kaur said on Thursday..
The Chairperson of the Competition Commission of India (CCI) also emphasised that the regulator cannot take "one-size fits all" interventions in technological markets, which require nuanced assessments...
She was interacting with reporters on the sidelines of a conference here.. "Shortly, we will be coming out with a tender seeking inputs from companies to carry out a market research for us so that we understand better how Artificial Intelligence (AI) can impact businesses as it offers services and also act as a platform," Kaur said...
"Our interest is in looking at data protection from (the point of view of) data access, analysis, storage and finally its subsequent usage by third parties," she said and added that this is to check whether there are any anti-competitive practices...
We have taken action in the recent past wherein we have penalised them for breaches and have asked them (to take) remedial actions," Kaur said.. Regarding the recent amendments to the competition law, Kaur said the CCI will very shortly notify the sections pertaining to leniency plus regime, commitments and settlements framework in anti-trust matters, and mergers...
You might be interested in
CCI to commission study on AI to better gauge antitrust concerns: Chairperson Ravneet Kaur
08, Dec, 23“In that study, we will try to understand the dynamics better. We can differentiate what kind of AI that we want to support and which one is stifling innovation,” Kaur said at an industry event in the capital.
CCI to set up in-house digital mkt data unit for regulating tech platforms
22, Mar, 23Jyoti Jindgar Bhanot secretary of the CCI emphasised on early intervention as a key to ensure that competitive landscape in digital markets is not distorted beyond repair
Government appoints Ravneet Kaur as CCI Chairperson
16, May, 23There has been no full-time Chairperson for the competition regulator since Ashok Kumar Gupta demitted office in October 2022
Google's 'castle and moat' strategy is data hegemony, Competition Commission tells NCLAT
18, Mar, 23Fair trade regulator CCI on Thursday alleged that Google has created a digital data hegemony and called for a market space with “free, fair and open competition”.
CCI to firm up rules for leniency-plus regime: Chairperson Ravneet Kaur
10, Oct, 23The Competition Commission of India (CCI) is proposing a new leniency-plus regime that would allow companies under investigation for cartelisation to reduce penalties by disclosing information about other cartels. The regulator plans to seek stakeholder comments on the proposed regulations and finalize them for enforcement.
Lok Sabha approves antitrust law revamp
03, Apr, 23New Delhi’s antitrust push echoes competition law in European nations such as Germany and Austria that follow the deal-value threshold for mergers in the digital space.
We are at the start of a new long-term bull run for Indian markets: Mark Mobius
01, Jun, 23The reality is that money supply has gone down precipitously. It is an amazing and that means that inflation will be coming down. It is already happening. So, I believe the central banks are being maybe too cautious at this stage.
Britain to take on Big Tech antitrust issues with new legal powers
25, Apr, 23Britain said it would introduce a new law to rein in the power that companies such as Google, Facebook and Amazon are able to wield to stifle competition.
Australia's competition watchdog puts data brokers on radar
10, Jul, 23Australia's competition watchdog on Monday asked consumers, businesses and other relevant stakeholders to provide their views about the business practices of data brokers in an attempt to regulate the country's digital platform services sector.
A hotel stay may cost you more this year as rates set to surge by 7-10%
03, Jan, 24Hotel rates in India are expected to rise by 7-10% in 2024, despite uncertainties surrounding events like the general election. Industry executives predict that most new supply will be absorbed, and and key business markets such as Delhi and Mumbai and leisure markets such as Kashmir could see upto 15% increase in hotel room rates this year. It's going as 15% increase in hotels currently.