[ad_1] Air India’s takeover by the Tata group is likely to run into a regulatory wall in Singapore and now the Indian conglomerate needs to explain that the acquisition does not violate the country’s anti-competition laws. The Competition and Consumer Commission (CCCS) of Singapore, the country’s antitrust body, observed on Friday that Air India and Vistara, a 51:49 joint venture between the Tata Group and Singapore Airlines, are two of the three major players in the market. operate flights to singapore. -Mumbai and Singapore-Delhi routes, resulting in overlapping of both…
Tag: antitrust
Elon Musk deal for Twitter dodges lengthy US antitrust review
[ad_1] Twitter Inc said on Friday that the US antitrust waiting period for its $44 billion acquisition of the social media giant by Elon Musk had ended, indicating it had dodged a lengthy review of the proposed deal. With the termination, completion of the deal is now subject to the remaining customary closing terms, including approval by Twitter stockholders and any other regulatory approvals, Twitter said. Under antitrust law, deals are reported to the US government for review by the Justice Department or the Federal Trade Commission. If either agency…