2024 Oyo fined

Oyo fined

Author: scln

August undefined, 2024

WebOct 24, 2024 · India’s competition watchdog has fined online hotel-booking company MakeMyTrip Group about $27 million (₹223.48 crore) and hotel chain Oyo about $20 million (₹168.88 crore) for anti ... WebOct 30, 2024 · India’s competition watchdog has ordered a probe into allegations that budget hotel chain Oyo and online booking platforms Goibibo and MakeMyTrip are abusing their dominant presence in the market to curb competition.. The Competition Commission of India ordered the probe based on a complaint filed by industry body, the Federation of …

MakeMyTrip, Oyo fined by the CCI for anti-competitive behaviour

WebOct 20, 2024 · Collectively, they have been charged to pay a penalty of $47 million, which is approximately amounts to 392 crore Indian rupees— where MakeMyTrip and Goibibo merger was fined $27 million and Oyo $20 million. Both the companies are said to be engaged in under the chair commercial agreements. Later on Wednesday, Oyo acknowledged the … WebOct 20, 2024 · Online ticketing and hotel reservations company MakeMyTrip and Goibibo (MMT-GO) and hotel room aggregator OYO Rooms were fined Rs 392 crore by the Competition Commission of India (CCI) for abusing its dominant position and “anti-competitive arrangement”, the anti-trust body said on Wednesday. toowong village bottle shop

MakeMyTrip, Goibibo, OYO fined Rs 392 crore by CCI

WebOct 20, 2024 · Leading hospitality service providers OYO and MakeMyTrip-Goibibo (MMT-GO) were fined more than Rs392 crore by CCI (Competition Commission of India) on Wednesday. The penalty is mentioned on page 131 and is explained as “Unfair Business Practice”. Allegations are that MMT-GO & OYO made an agreement regarding price parity. WebOct 20, 2024 · The Competition Commission of India (CCI) on Wednesday imposed penalties of ₹223.48 crore and ₹168.88 crore on Goibibo-MakeMyTrip (Go-MMT) and OYO … WebApr 23, 2024 · In March 2024, investigators with the California Department of Business Oversight determined that Oyo had offered franchises without state approval. They issued … toowong uniting church

Oyo fined

Competition Commission slaps Rs 470 cr fine on MakeMyTrip, Oyo …

WebMay 23, 2024 · The hospitality industry body alleged that "OYO is responsible for the systemic depredation of the budget segment hotel business and its market as a means to achieve a notional billion-dollar valuation which is a serious cause of concern for the hospitality ecosystem of the country." 15 Nov, 2024, 09:35 PM IST WebOct 21, 2024 · While MakeMyTrip-Goibibo (MMT-Go) faces a fine of Rs. 223.48 crore ($27 million), OYO has been ordered to pay Rs. 168.88 crore ($20 million). The competition watchdog had been investigating the …

Did you know?

WebOct 20, 2024 · The CCI has directed MakeMyTrip and Goibibo (MMT-Go) to amend their market behaviour after fining them about $27 million. Oyo was fined $20 million. Register for free to Reuters and know the... WebJan 10, 2024 · The Competition Commission of India (CCI) has fined MakeMyTrip, Goibibo and OYO for anti-competitive practices. In a release the regulator says MakeMyTrip and i …

WebJan 2, 2024 · In December, SoftBank and Mr. Agarwal put another $1.5 billion into Oyo to accelerate its expansion. The funding, negotiated over the summer, valued the company at $8 billion. At the same time ... WebNov 4, 2024 · The Competition Commission of India (CCI) has charged these two companies and they are now required to pay huge fines for their illegal behavior. They have been …

WebNov 4, 2024 · The Competition Commission of India (CCI) has charged these two companies and they are now required to pay huge fines for their illegal behavior. They have been ordered to hand over Rs. 392 crores as a fine. MMT-Go is to pay Rs. 223.48 crores while OYO will pay Rs. 168.88 crores. OYO Official Logo WebOct 20, 2024 · Collectively, they have been charged to pay a penalty of $47 million, which is approximately amounts to 392 crore Indian rupees— where MakeMyTrip and Goibibo …

Web19 hours ago · Oyo agency insists on N1m fine for truck owner who violated state traffic law Mr Fagbemi said the Oyo state government intervened before the police allowed the agency to evacuate the fallen truck in March. Adebola Ajayi States INEC supplies 5, 931 ballot papers for supplementary poll in Oyo

WebOct 21, 2024 · Make My Trip, Goibibo (MMT-Go), and OYO were fined Rs 392 crore by the Competition Commission of India (CCI). CCI fined these companies which were spelled … toowong village food toowong unitsWebThe CCI’s investigation (which ran from 2024-2024) examined MMT’s contracting (rate and availability parity and exclusivity) and marketing practices. Relatedly, OYO Hotels & Homes was fined $20... toowong village restaurantsWebOct 19, 2024 · Oyo was fined Rs 200 crore. Bengaluru: India’s competition regulator said on Wednesday that it had fined online hotel-booking companies MakeMyTrip Ltd and Goibibo … phz in hzWebOct 19, 2024 · Online travel firms Make My Trip-Goibibo (MMT-Go) and hospitality services provider OYO were slapped with penalties totalling more than Rs 392 crore by the … phzone7 philippines locationWebOct 19, 2024 · India's competition regulator said on Wednesday that it had fined online hotel-booking companies MakeMyTrip Ltd and Goibibo and IPO-bound hotel chain Oyo a combined $47 million for anti-competitive behaviour. The Competition Commission of India has been investigating the companies since 2024 following allegations by a hotel body … toowong village justice of peaceWebOct 29, 2024 · CCI dismisses complaint that OYO Rooms is abusing its dominant position Rambling around Vienna, named the 'world's most liveable city' yet again From US to China, how OYO is taking a homegrown business model worldwide Total offers 'attractive' Rs 149.63 per share to Adani Gas shareholders toowong v the gap