News

Paytm, Ola Bosses, Others To Meet Panel On Anti-Competition Concerns


Paytm, Ola bosses, others meet with management about anticompetitive concerns

Bosses of 8 tech companies including Paytm’s Vijay Shekhar Sharma to appear before parliamentary panel

New Delhi:

Top executives from eight tech companies in the country, including Paytm founder Vijay Shekhar Sharma and Oyo founder Ritesh Agarwal, will appear before a key parliamentary panel on Thursday for discussions. on the market behavior of technology platforms amid growing anti-competitive concerns.

BJP Leader and former Union Minister Jayant Sinha, Chairman of the National Assembly Standing Committee on Finance, examined various aspects of competition in the market, especially for technology majors.

Sinha told PTI that the panel decided to ask representatives of various technology platforms, e-commerce players and gaming organizations to appear soon and that they will mainly be asked about market behavior their.

Representatives of food delivery platforms Swiggy and Zomato, e-commerce company Flipkart, taxi aggregator Ola, hotel aggregator Oyo, digital finance company Paytm, MakeMy Trip and Association All-India game, who were named by the board, Sinha said.

According to the announcement available on the Lok Sabha website, the committee will hear “the views of industry associations/stakeholder representatives on the topic of Anti-Competitive Practices of Large Tech Companies” on the 21st. July.

According to sources, PayTM founder Vijay Shekhar Sharma, CFO Ola Arun Kumar, President of Make My Trip and Chief Advisor Deep Kalra, Zomato CEO Deepinder Goyal, Oyo founder and CEO Ritesh Agarwal Corporation, confirmed to attend the meeting.

Likewise, Vice President Swiggy and Group General Counsel Avantika Bajaj, Flipkart Group CEO Kalyan Krishna Murthy Group and All India Games Federation CEO Roland Landers will also attend the meeting. , they said. In recent times, there have been many complaints about the alleged anti-competitive practices of various technology platforms and companies.

The Competition Commission of India (CCI) has been investigating various cases, especially in the digital space, following complaints of alleged unfair business practices.

On April 28, CCI presented aspects of competition in the market before the parliamentary panel.

After that meeting, Sinha said the council had “a great series of discussions” with officials from the Department of Corporate Affairs, the Department of Electronics and Information Technology and the CCI.

(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)



Source link

news7h

News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button