<span style="color: #222222;">Competition Commission of India (CCI) has slapped penalties totalling more than 392 crore rupees on online travel firms including MakeMyTrip, Goibibo and OYO for adopting unfair business practices. The decision has been taken by the CCI against MakeMyTrip and GoIbibo for abusing their dominant position and also for having anti-competitive arrangements with OYO.<br />''<br />''The CCI examined the parity obligation which MMT-Go was imposing wide price parity as well as room availability parity obligations on its hotel partners. CCI found that the deep discounts and parity conditions create an ecosystem that reinforces MMT-Go's dominant position in the relevant market.<br />''<br />''CCI observed that MMT-Go is a dominant player in the relevant market and consumers heavily rely on results being shown on MMT-Go's website. It said, any misrepresentation of information on MMT-Go's platform could affect the perspective of the consumer.</span><br />
News On AIR | October 19, 2022 10:24 PM
CCI imposes over Rs 392 crore penalties on online travel firms MakeMyTrip, Goibibo and OYO