CCI now wants global M&A deals to come into its ambit

While the "global turnover" rule doesn't specifically apply to any particular section of firms, big tech companies are likely to be hit by it, given the nature of their business that cuts across jurisdictions. Usually, their revenues from India operations are only a fraction of their earnings in other key economies like the US and the EU.

from Banking/Finance-Industry-Economic Times https://ift.tt/Lzn8hqJ