CCI gets powers to penalise tech firms based on global turnover

The Competition (Amendment) Bill, 2022 seeks to capture deals happening in global digital companies, provided the entities involved have a strong business presence in India. Any such deals where the value exceeds Rs 2,000 crore will need to be notified to the Competition Commission of India (CCI).

from Tech-Economic Times https://ift.tt/jku9pye