Tech giant defends itself as Competition Commission fines it Rs 936.44 crore for unfair business practices
On October 4, CCI said it has cleared the proposed Zee-Sony merger deal, which was announced in September last year
The government on Tuesday appointed Sangeeta Verma as the acting chairperson of the Competition Commission of India (CCI). The appointment follows full-time Chairperson Ashok Kumar Gupta demitting office on Tuesday. Verma is currently a member at the regulator. Her appointment will be effective from Wednesday for a "period of three months or till appointment of regular Chairperson or till any further orders, whichever is the earliest," according to an official order. Gupta had taken over as the CCI chairperson in November 2018.
Slapped with a second hefty fine for anti-competitive practices, Google India on Wednesday said it remains committed to users and developers and is reviewing the antitrust body's order to evaluate next steps. The Competition Commission of India (CCI) on Tuesday slapped a Rs 936 crore fine on Google for "abusing" its dominant position on its Android mobile app store and ordered it not to prevent app developers from using third-party billing or payment processing services in India. That penalty came just days after a Rs 1,337.76 crore fine was imposed on it for abusing the dominant position of its Android smartphone operating system. Commenting on Tuesday's CCI order, a Google India spokesperson said Indian app developers have benefited from the technology, security, consumer protection, choice and flexibility that Android and Google Play provide. "And, by keeping costs low, our model has powered India's digital transformation and expanded access for hundreds of millions of Indians,"
Hit hard by 2 back-to-back fines by Competition Commission of India, Google on Wednesday said that it is committed to its users and developers and reviewing the decision to evaluate the next steps
Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals
Competition commission fine on tech giant for abusing dominant position will have domino effect in other markets, they add
Regulator suggests eight corrective steps
We need to be sensitive to market demand while approving proposed acquisitions.
The Competition Commission on Tuesday slapped a penalty of Rs 936.44 crore on Google for abusing its dominant position with respect to Play Store policies and directed the company to cease and desist from unfair business practices. In a release, the Competition Commission of India (CCI) said it has also directed to modify its conduct within a defined timeline. This is the second major CCI ruling against Google in less than a week. On October 20, the watchdog imposed a penalty of Rs 1,337.76 crore on the company for abusing its dominant position in multiple markets in relation to Android mobile devices and ordered the internet major to cease and desist from various unfair business practices.
Competition Commission Chairperson Ashok Kumar Gupta on Tuesday said the regulator has been pragmatic in levying and quantifying penalties as the enforcement actions are not divorced from business and economic realities. Gupta, who will be demitting office on Tuesday after being at the helm of the watchdog for nearly four years, also said that the feasibility of an ex-ante framework should be considered for effectively regulating digital markets. The Competition Commission of India (CCI) has been taking steps to ensure fair competition in the digital market and last Thursday, it passed a major order against Google for the abuse of dominance in multiple markets in relation to Android mobile devices. When asked about Google's comments on the ruling related to the Android matter, the chairperson declined to comment. Last Wednesday, the watchdog slapped penalties totalling Rs 392 crore on MakeMyTrip, Goibibo and OYO for unfair business practices. "We, at CCI, are presently addressing
Business Standard brings you the top headlines at this hour
'Will open serious security risks… raise mobile device costs'
Apple's restrictions prima facie result in denial of market access for potential app developers and distributors
The penalty of Rs 1,337.76 crore translates to 10 per cent of Google's average of relevant turnover for the last three preceding financial years 2018-19, 2019-2020 and 2020-21
Google on Friday said it will review Competition Commission's (CCI) decision to impose a Rs 1,338 crore penalty for alleged anti-competitive practice, and termed the order a "major setback" for Indian consumers and businesses. In its first official response after the CCI order, Google said Android has created more choices for everyone and supports thousands of successful businesses in India and around the world. "The CCI's decision is a major setback for Indian consumers and businesses, opening serious security risks for Indians who trust Android's security features, and raising the cost of mobile devices for Indians," a Google spokesperson said in an email statement. Google said it will "review the decision to evaluate the next steps". The competition watchdog on Thursday slapped a steep penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in relation to Android mobile devices and ordered the internet major to cease and desist from various .
The CCI in its press statement said that it found "Google to be dominant in all the above mentioned relevant markets"
Businesses see it as a way to connect with customers; parent firm says there are easy ways to block an account
The Competition Commission is constantly honing its toolkit to meet the challenges emanating from digital markets and plans to hire data scientists and algorithm experts for its upcoming digital markets and data unit, the regulator's chief Ashok Kumar Gupta said on Saturday. In recent times, many cases related to technology markets have come up before the Competition Commission of India (CCI), including online marketplace platforms, app stores, payment gateways, online travel, food aggregators and social networking. "Such cases pertain to issues such as self-preferencing, leveraging, data-collection practices, deep discounting, etc. "As market regulators, we cannot overlook the challenges that market power and business practices of gatekeeper platforms pose to other market participants -- those who are competing with them and, more so, those who deal with them (and rely upon them)," he said. Speaking at a conference organised by the CCI and industry body Assocham, Gupta stressed th
The apex court cleared the decks for the regulator to further probe and reach finality in the case it initiated in March 2021 against WhatsApp for alleged abuse of dominance