AI being used for collusion, says CCI chairperson

Artificial intelligence (AI) is being used for “collusion” by sections of Indian industry, Ravneet Kaur, chairperson of Competition Commission of India (CCI) said on Sunday, adding that the regulator would equip itself to deal with it.

“Companies are using AI to coordinate prices without explicit agreements, and are engaging in algorithmic discrimination under the garb of dynamic pricing,” she said.

According to Kaur, rapid adoption of AI which has become a driving force in modern markets. “Through the use of AI, we are seeing that there could be potential ways of collusion which doesn’t require human intervention. The regulators need to be up to date, be abreast of these develoopments, and its implications for competition,” she said.

ALSO READAmazon responds after BIS raids uncover uncertified products at warehouses

The CCI chairperson also said that today, the market power is about network effects, data and platform reach. “The innovation in technology and emergence of new business models are happening at an astronomical pace. At the same time, regulations need to encourage innovation while ensuring that we have a dynamic and proactive approach in balancing innovation with competition,” Kaur said.

In 2024 alone, 42 antitrust cases came before the commission, and prime facie violations were found and detailed investigations were ordered in 8 cases.

“All the cases which were received by the commission last year have been placed before the commission once. So either a view has already been taken or additional information has been sought,” Kaur said adding that in the last 15 years, more than 1,300 antitrust cases have been received by CCI and out of which, 1180 cases have been disposed of.

On the combinations front, Kaur said that the CCI had received M&A proposals in various sectors. “In 2024, we received 128 combination notices, and all of them were cleared within the timeline. Overall, we have a 98% disposal of combination proposals in the last 15 years,” she said.

ALSO READHigh demand for adventure, once-in-a-lifetime trips

The CCI chairperson said that the antitrust regulator has been actively looking at ways to avoid delays in delivering final orders. She said that in the case of Amazon and Flipkart, after the DG (investigations) reports were received,

 » Read More

Related Articles

Should you withdraw or reinvest your matured investments?

When an investment matures, you face a crucial decision: withdraw the funds or reinvest them for future growth. The right choice depends on your financial goals, market conditions, and liquidity needs. Reinvesting can help build wealth through compounding, while withdrawing may be ideal for immediate expenses or reallocating to better opportunities. Understanding the pros and

Starlink’s India entry a challenge for telecom Majors? Key factors to watch…

With Bharti Airtel and Reliance Jio announcing their respective agreements with SpaceX, JM Financial said that this tie-up is largely neutral for the two telecom companies and there seems to be no significant risk to growth potential for Indus Towers. Currently, the agreement between the two telcos and SpaceX is limited to distributing Starlink’s satellite

Ola Electric shares slump 6%- 4 key concerns for investors are…

OLA Electric Mobility has been continuously in the eye of the storm. The share price fell below Rs 50 per share on the National Stock Exchange, down 6.2% intra-day. This is after Rosmerta Digital Services initiated insolvency proceedings against OLA Electric Mobility’s wholly-owned subsidiary, Ola Electric Technologies, for non-payment of incurred services. Rosmerta initiates bankruptcy

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Should you withdraw or reinvest your matured investments?

When an investment matures, you face a crucial decision: withdraw the funds or reinvest them for future growth. The right choice depends on your financial goals, market conditions, and liquidity needs. Reinvesting can help build wealth through compounding, while withdrawing may be ideal for immediate expenses or reallocating to better opportunities. Understanding the pros and

Starlink’s India entry a challenge for telecom Majors? Key factors to watch…

With Bharti Airtel and Reliance Jio announcing their respective agreements with SpaceX, JM Financial said that this tie-up is largely neutral for the two telecom companies and there seems to be no significant risk to growth potential for Indus Towers. Currently, the agreement between the two telcos and SpaceX is limited to distributing Starlink’s satellite

Ola Electric shares slump 6%- 4 key concerns for investors are…

OLA Electric Mobility has been continuously in the eye of the storm. The share price fell below Rs 50 per share on the National Stock Exchange, down 6.2% intra-day. This is after Rosmerta Digital Services initiated insolvency proceedings against OLA Electric Mobility’s wholly-owned subsidiary, Ola Electric Technologies, for non-payment of incurred services. Rosmerta initiates bankruptcy

Wipro plummets 13% in 2025: 4 key factors to watch amidst restructuring of global business

Wipro shares fell 0.9% to an intra-day low of Rs 261.70 after it realigned the global business with clients’ needs. The stock was among the major losers on Nifty and has lost 13% year to date. The restructuring in global business line comes amidst the US recessionary concerns and challenging macroeconomic conditions. Also, the company

Infosys has plunged 16% in 2025: 5 key factors investors need to know ahead of Q4 earnings

Infosys is back in the spotlight as investors keep a close watch on the IT giant following recent developments. From its upcoming quarterly earnings to stock performance trends, here are five key things to know about Infosys shares right now. Infosys: Quarterly earnings on the radar The countdown has begun for Infosys Q4 results. The