The Competition Commission of India has given regulatory approval for the proposed joint venture between Japan’s Mitsubishi Corp and Tata Consultancy Services, according to reports.
The venture will be based in Japan.
Tata Consultancy first struck an agreement last April to merge two of its Japanese units with a unit of Mitsubishi. …read more
Pharmaceutical giants Actavis and Forest Laboratories have reportedly agreed to forfeit the rights to four generic drugs in order to secure approval for their proposed merger.
Reports say the Federal Trade Commission found that under original terms of the merger, the market would likely face reduced competition when it came to …read more
Russian gas conglomerate Gazprom has reportedly asked a Lithuanian court to drop a competition fine issued to the company, claiming the sanctions violate international agreements with the EU.
Gazprom reportedly filed its request on Monday, claiming that Lithuania breached EU international agreements and “failed to conclude its investigation in a lawful …read more
Microsoft Bulgaria, a unit of Microsoft, has been fined more than $130,000 by Bulgaria’s Commission for Protection of Competition following a complaint by software distribution firm BMG.
According to reports, BMG filed a competition complaint against Microsoft regarding a suspended agreement between the two.
Reports say the CPC found Microsoft Bulgaria published …read more