India regulator fines MakeMyTrip, Goibibo & Oyo for anti-competitive practices

India regulator fines MakeMyTrip, Goibibo & Oyo for anti-competitive practices

FILE PHOTO: A security guard stands outside the Competition Commission of India (CCI) headquarters in New Delhi, India, January 13, 2020. REUTERS/Adnan Abidi

India’s competition regulator said on Wednesday that it had fined online hotel-booking companies MakeMyTrip Ltd and Goibibo and IPO-bound hotel chain Oyo a combined $47 million for anti-competitive behaviour.