CCI fines MakeMyTrip, Oyo for anti-competitive conduct

The Competition Commission of India (CCI) said on Wednesday that it has fined online hotel-booking companies MakeMyTrip Ltd and Goibibo and IPO-bound hotel chain Oyo a combined $47 million for anti-competitive behaviour. CCI has been investigating the companies since 2019 following allegations by a hotel body that MakeMyTrip gave special treatment to SoftBank-backed Oyo on its platform.