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Competition Commission of India approves Google investment into Jio Platforms

The Competition Commission of India has approved Google's ₹33,737 crore (~US$4.5 billion) investment into Reliance Industries' Jio Platforms. The commission made the announcement in a press release dated Wednesday, and said a "detailed order" elaborating on the approval would soon follow. The approval comes four months after Mukesh Ambani announced the deal at Reliance Industries' annual general meeting in July. The approval comes after the commission reportedly reached out to handset makers to understand how Jio's plans to build a cheap smartphone with Google's support would impact the market. The commission also probed data-sharing agreements that may have been struck between Jio and Google as a part of the transaction. It seems now that these concerns have mostly been allayed. This approval took quite some time to come in compared to Facebook's ₹43,574 crore investment, which was approved in a…

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