Fair Trade Regulator
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MLB Inks Deal With Polymarket, US CFTC to Build Prediction Market Framework
MLB has partnered with Polymarket as its exclusive prediction market exchange partner and signed an agreement with the CFTC to build an integrity framework. The move aims to bring regulated, event-based prediction markets to baseball. While it could enhance fan engagement and legitimacy, concerns remain over whether such platforms blur the line bet...
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IndiGo Disruptions To Be Probed By Competition Commission Too
The CCI will look into IndiGo's mass flight cancellations across several routes, the country's fair trade regulator said in a statement.
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Ultratech Under Scanner In Cement Cartelisation Case
Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements to submit financial documents after its Director General in its investigations found contravention of competition norms.
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Adani Power Gets Anti-Trust Body Nod To Acquire Lanco Amarkantak Power
Fair trade regulator Competition Commission of India (CCI) cleared Adani Power's proposed acquisition of Lanco Amarkantak Power.
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Google Fined $32 Million by South Korea Antitrust Regulator for Blocking Mobile Games on Competing Platform
The Korea Fair Trade Commission (KFTC) said on Tuesday that Google bolstered its market dominance, and hurt local app market One Store's revenue and value as a platform, by requiring video game makers to exclusively release their titles on Google Play in exchange for providing in-app exposure between June 2016 and April 2018.
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Google Has Created Digital Data Hegemony, CCI Alleges Before NCLAT
Fair trade regulator CCI on Thursday alleged that Google has created a digital data hegemony and called for a market space with "free, fair and open competition". Concluding the arguments of the Competition Commission of India (CCI) before the appellate tribunal NCLAT in the Google matter, Additional Solicitor General N Venkataraman said a market w...
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Google Directed to Pay 10 Percent of Rs 1,337.76 Crore CCI Penalty by NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to grant immediate relief to Google and directed the US firm to pay 10 percent of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator CCI. The apellate tribunal has issued notices to the Competition Commission of India and the matter will be listed ...
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Tesla Hit With KRW 2.85 Billion Fine in South Korea Over Alleged False Advertising
Tesla was hit with a KRW 2.85 billion (roughly Rs. 18 crore) fine after a South Korean regulator said it failed to tell its customers about the shorter driving range of its electric vehicles in low temperatures. The driving range of electric vehicles manufactured by Tesla plunge in cold weather by up to 50.5 percent versus how they are advertised o...
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Google Faces Over Rs. 1330 Crore Fine by CCI for Misusing Dominant Position in Android Mobile Market
The Competition Commission on Thursday imposed a penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in the android mobile device ecosystem. Besides, the fair trade regulator has directed the internet major to cease and desist from unfair business practices.
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Competition Commission of India To Probe WhatsApp's New Privacy Policy
Fair trade regulator Competition Commission of India (CCI) has directed its investigation arm to conduct a probe into WhatsApp's updated privacy policy and terms of service on prima facie finding that the firm has contravened competition law provisions through its "exploitative and exclusionary conduct" in the garb of the policy update.
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Qualcomm Fined $774 Million by Taiwan Regulator for Antitrust Violations
The Taiwan Fair Trade Commission said on Wednesday it would fine Qualcomm $23.4 billion ($774.14 million) for antitrust violations of its chip technology.
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Final Decision on Google Case to Take Quite Some Time: Fair Trade Regulator
Fair trade regulator CCI today said it would take "quite some time" before reaching a final decision on the case related to Internet major Google's alleged anti-competitive practices.
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CCI Slaps Hyundai With a Penalty of Rs. 420.26 Crore
Competition Commission of India (CCI), the fair trade regulator, imposed a penalty of Rs 420.26 crore on Hyundai Motor India for restricting sale of spare parts in open market.
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Apple fined by Taiwan's Fair Trade Commission for iPhone pricing practices
The regulator said that Apple Asia required carriers to obtain its permission before setting contract prices on iPhones in violation of Taiwan's free-trade laws.
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Google faces anti-trust probes in India, four other jurisdictions
Internet major Google is facing probes by fair trade regulators in India, Europe and three other jurisdictions for alleged anti-competitive practices.
-
MLB Inks Deal With Polymarket, US CFTC to Build Prediction Market Framework
MLB has partnered with Polymarket as its exclusive prediction market exchange partner and signed an agreement with the CFTC to build an integrity framework. The move aims to bring regulated, event-based prediction markets to baseball. While it could enhance fan engagement and legitimacy, concerns remain over whether such platforms blur the line bet...
-
IndiGo Disruptions To Be Probed By Competition Commission Too
The CCI will look into IndiGo's mass flight cancellations across several routes, the country's fair trade regulator said in a statement.
-
Ultratech Under Scanner In Cement Cartelisation Case
Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements to submit financial documents after its Director General in its investigations found contravention of competition norms.
-
Adani Power Gets Anti-Trust Body Nod To Acquire Lanco Amarkantak Power
Fair trade regulator Competition Commission of India (CCI) cleared Adani Power's proposed acquisition of Lanco Amarkantak Power.
-
Google Fined $32 Million by South Korea Antitrust Regulator for Blocking Mobile Games on Competing Platform
The Korea Fair Trade Commission (KFTC) said on Tuesday that Google bolstered its market dominance, and hurt local app market One Store's revenue and value as a platform, by requiring video game makers to exclusively release their titles on Google Play in exchange for providing in-app exposure between June 2016 and April 2018.
-
Google Has Created Digital Data Hegemony, CCI Alleges Before NCLAT
Fair trade regulator CCI on Thursday alleged that Google has created a digital data hegemony and called for a market space with "free, fair and open competition". Concluding the arguments of the Competition Commission of India (CCI) before the appellate tribunal NCLAT in the Google matter, Additional Solicitor General N Venkataraman said a market w...
-
Google Directed to Pay 10 Percent of Rs 1,337.76 Crore CCI Penalty by NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to grant immediate relief to Google and directed the US firm to pay 10 percent of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator CCI. The apellate tribunal has issued notices to the Competition Commission of India and the matter will be listed ...
-
Tesla Hit With KRW 2.85 Billion Fine in South Korea Over Alleged False Advertising
Tesla was hit with a KRW 2.85 billion (roughly Rs. 18 crore) fine after a South Korean regulator said it failed to tell its customers about the shorter driving range of its electric vehicles in low temperatures. The driving range of electric vehicles manufactured by Tesla plunge in cold weather by up to 50.5 percent versus how they are advertised o...
-
Google Faces Over Rs. 1330 Crore Fine by CCI for Misusing Dominant Position in Android Mobile Market
The Competition Commission on Thursday imposed a penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in the android mobile device ecosystem. Besides, the fair trade regulator has directed the internet major to cease and desist from unfair business practices.
-
Competition Commission of India To Probe WhatsApp's New Privacy Policy
Fair trade regulator Competition Commission of India (CCI) has directed its investigation arm to conduct a probe into WhatsApp's updated privacy policy and terms of service on prima facie finding that the firm has contravened competition law provisions through its "exploitative and exclusionary conduct" in the garb of the policy update.
-
Qualcomm Fined $774 Million by Taiwan Regulator for Antitrust Violations
The Taiwan Fair Trade Commission said on Wednesday it would fine Qualcomm $23.4 billion ($774.14 million) for antitrust violations of its chip technology.
-
Final Decision on Google Case to Take Quite Some Time: Fair Trade Regulator
Fair trade regulator CCI today said it would take "quite some time" before reaching a final decision on the case related to Internet major Google's alleged anti-competitive practices.
-
CCI Slaps Hyundai With a Penalty of Rs. 420.26 Crore
Competition Commission of India (CCI), the fair trade regulator, imposed a penalty of Rs 420.26 crore on Hyundai Motor India for restricting sale of spare parts in open market.
-
Apple fined by Taiwan's Fair Trade Commission for iPhone pricing practices
The regulator said that Apple Asia required carriers to obtain its permission before setting contract prices on iPhones in violation of Taiwan's free-trade laws.
-
Google faces anti-trust probes in India, four other jurisdictions
Internet major Google is facing probes by fair trade regulators in India, Europe and three other jurisdictions for alleged anti-competitive practices.
