The Supreme Court docket on Tuesday stated e-commerce main Flipkart was recognized for creating monopolies and expressed concern over the destiny of smaller gamers available in the market. The counsel for Flipkart stated that as a result of platform, many small distributors have been capable of take their companies to the nationwide stage.(REUTERS/ Consultant) A…
“The Fee thought-about the settlement proposal and noticed that underneath the ‘New India Settlement’, Google will present a standalone licence for the Play Retailer and Play Companies for Android sensible TVs in India, thereby eradicating the requirement to bundle these providers or impose default placement situations. “Moreover, by waiving the necessity for a legitimate Android…
New Delhi, Logistic agency Delhivery Ltd and Ecom Specific have sought Competitors Fee of India’s approval for his or her Rs 1,400-crore deal. Underneath the deal introduced on April 5, Delhivery will purchase a controlling stake in Ecom Specific for a money consideration of Rs 1,400 crore. Whereas Delhivery is a listed built-in logistics participant,…
The Competitors Fee of India (CCI) has cleared a proposal of Patanjali Ayurved and 5 different entities to amass a majority stake in Magma Common Insurance coverage. “The proposed mixture is being notified beneath the inexperienced channel route in consonance with part 6(4) of the Competitors Act, 2002,” CCI mentioned in a discover. Beneath the…
The Nationwide Firm Legislation Appellate Tribunal (NCLAT) on Friday slashed to about ₹217 crore the Competitors Fee of India’s ₹936-crore penalty imposed on Google mother or father Alphabet Inc. The appellate tribunal partly allowed the US tech main’s enchantment towards the October 2022 order, ruling that it had certainly misused its dominant place within the…
Versatile workspace supplier WeWork India has raised Rs 500 crore by way of a rights difficulty. The funds will probably be used to repay its debt and scale back price of capital, the corporate mentioned in a press release on Monday. “With the current profitable completion of our rights difficulty, we’re on the trail to…
On November 18, 2024, the Competitors Fee of India imposed a penalty of ₹213.14 crore on Meta for unfair enterprise methods with respect to WhatsApp privateness coverage replace carried out in 2021. | Photograph Credit score: Reuters Meta Platforms Inc on Monday (January 6, 2025) moved company appellate tribunal Nationwide Firm Regulation Appellate Tribunal (NCLAT)…
&w=600&resize=600,400&ssl=1 "Competitors Fee of India to announce that Apple dedicated antitrust violations with the App Retailer – Firstpost")
The dispute started when TWFS argued that Apple’s App Retailer guidelines and charges have been anti-competitive. In 2024, the CCI launched a preliminary report siding with TWFS, accusing Apple of abusing its dominant place within the digital market learn extra Apple’s management over its App Retailer could quickly face a significant regulatory problem in India….
Dec 05, 2024 02:22 PM IST This comes after Vodafone Concept had cleared ₹2,328.2 crore of its dues to Indus until the September quarter. The entire dues quantity to round ₹7,075 crore The UK’s Vodafone Group Plc is promoting the entire 3% of stake it owns of Indus Towers in a $300 million deal to…
&w=600&resize=600,400&ssl=1 "India’s Competitors Fee begins new probe into Google’s app retailer insurance policies following Winzo’s grievance – Firstpost")
Winzo’s claims that Google, by means of its Play Retailer, imposes unreasonable phrases on app builders through its Developer Distribution Settlement and Developer Program Insurance policies. These insurance policies create a one-sided relationship that restrict builders’ skill to function pretty available in the market learn extra The Competitors Fee of India (CCI) has launched a…
