In today’s Finshots, we discuss why the CCI (Competition Commission of India) took MakeMyTrip and OYO to task.
The Story
Last week, the Competition Commission of India (CCI) slapped massive penalties on two companies you know very well — MakeMyTrip India Pvt. Ltd. and Oravel Stays Pvt. Ltd (OYO). Both entities were fined ₹223 crores and ₹169 crores respectively.
But why?
Well, the story dates back to 2019 when FHRAI (Federation of Hotel & Restaurant Associations…