NCLAT Reduces Antitrust Fine On Google Parent Alphabet To Rs 220 Crore
The National Company Law Appellate Tribunal on Friday diluted the antitrust fine on Google-parent Alphabet Inc. from Rs 936 crore to Rs 220 crore for the case is related to Google's Play Store billing.
The Competition Commission of India in October 2022 imposed a monetary penalty on the tech giant after a probe concluded that Google abused its dominance concerning its Play Store policies.
The CCI found Google guilty of abusing its dominance in the Android mobile device ecosystem and online search market. In 2018, the regulator found Google's conduct to be abusive in the online general web search and web search advertising services in India.
The investigation into Google's practices in the UPI payments market began in 2020 after the CCI found a prima facie case of anti-competitive practices by the US tech giant, which it had noted has a unique advantage compared to other UPI app developers.
In its final order, the regulator arrived at the same conclusion.
Having concluded Google's dominance in the Android market, the regulator looked at the Google Play Store, which it noted constitutes the main distribution channel for app developers in the Android mobile ecosystem.
The regulator has noted that the sale of in-app digital goods constitutes an important means for the app developers to monetise their creations/innovations. To do so, the developers are forced to configure their apps so that all purchases of digital goods go through Google's payment system, which processes the transactions.
The company later challenged the fine in NCLAT.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
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Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
