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MakeMyTrip and OYO Fined for Corrupt Practices
Healthy competition is necessary between two companies in the same sector. It encourages companies to bring in their A-game and it is beneficial for the customers as well. But MMT-Go (MakeMyTrip and Goibibo) and OYO (Oravel Stays Ltd.) have been abusing their privilege and dominant positions in the market.MakeMyTrip Official LogoThe two companies have been colluding and indulging in anti-competitive practices. 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
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Healthy competition is necessary between two companies in the same sector. It encourages companies to bring in their A-game and it is beneficial for the customers as well. But MMT-Go (MakeMyTrip and Goibibo) and OYO (Oravel Stays Ltd.) have been abusing their privilege and dominant positions in the market.MakeMyTrip Official LogoThe two companies have been colluding and indulging in anti-competitive practices. 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 […]
This is a premium article.
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