Regulation Of Internet Prices
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Google Faces GBP 5 Billion UK Lawsuit for Abusing Dominance in Online Search
Google is being sued in Britain for potential damages of up to GBP 5 billion (roughly Rs. 56,536 crore). The class action, filed at the Competition Appeal Tribunal on Tuesday, argues that Google's actions enabled it to charge higher prices for the advertisements that appear in search inquiries than it otherwise could in a competitive market.
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"It's A Free Market": Supreme Court Rejects Plea To Regulate Internet Prices
The Supreme Court on Monday refused to entertain a plea seeking regulation of Internet prices in the country.
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How the US Lawsuit Against Apple Could Make the iPhone Experience More Consumer Friendly
Apple faces a lawsuit in the US over the company's alleged monopolistic practices that hurt smaller companies and drive up prices. The US Department of Justice hopes to increase competition for the iPhone and give a leg up to smaller companies whose apps work with the popular smartphone. Apple states that the lawsuit threatens the company and the p...
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National Cinema Day 2023: Rs. 99 Tickets Now Live on BookMyShow, PayTM, More
National Cinema Day is back with Rs. 99 tickets, and select online ticketing sites have begun bookings for the occasion. At the time of writing, only major Bollywood movies like Jawan and Mission Raniganj are providing the option to book tickets for October 13, though this should be further expanded. Due to state regulations, theatres in select Sou...
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Meta Proposes Monthly Fee of Up to EUR 13 for Ad-Free Access to Instagram and Facebook: Report
Instagram and Facebook may offer an ad-free version for users who pay a monthly subscription, according to a report. Meta has reportedly proposed to European regulators, the possibility of a paid version of its social media services that will not show personalised ads that are based on a user's information. Here's how much users in the EU might hav...
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Google Says CCI Orders Strike Blow at Digital Adoption in India, Will Lead to Higher Prices
Google on Friday hit out at the competition regulator for slapping penalties for alleged abuse of its dominant position, saying the orders strike a blow at the effort to accelerate digital adoption in India and will lead to higher prices. Failing to secure an interim relief on more than Rs. 2,200 crore fine imposed by the Competition Commission of ...
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Google to Face Class Action Lawsuit of 21 Million Individuals Over Play Store Competition
Google is set to face a class action lawsuit of 21 million individuals who have accused the search giant of violating competition law in the US, over the running of the Google Play Store. The complainants have argued that they would have paid lower prices for apps and in-app purchases and would have benefited from expanded choice, if Google had not...
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EU Regulators Seek Broader Rules on Companies' Market Power, Focus on Innovation
EU regulators are seeking broader rules to define the market power of companies, with a greater focus on innovation and pointers on digital markets, according to the European Commission. These rules help regulators in the EU measure a company's pricing power in a merger or its power to shut out rivals in an antitrust case. The EU executive proposed...
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Uber, Ola, Rapido Directed to Stop Three-Wheeler Services in Bengaluru Over 'Exorbitant' Pricing
Uber, Ola, and Rapido were directed to stop three-wheeler services in Bengaluru on Thursday, over accusations of overcharging customers and harassment. While, Uber in recent weeks has been running television ads on its autorickshaw service in India, Rapido said its operations in Bengaluru are not illegal and it will respond to the notice. Last mont...
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Alibaba Said to Cut Over One-Third Deals Team Staff After Regulatory Crackdown
Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.
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Australian Antitrust Regulator Sues Airbnb for Misleading Customers to Pay More Than Advertised
The Australian Competition and Consumer Commission has filed a lawsuit against Airbnb for misleading users into paying more than advertised for their stays. The court filing accused Airbnb advertised and charged room rates in USD without indicating the much higher figures in AUD.
-
Didi Asked by Chinese Regulators to Delist From US on Security Fears: Report
Chinese regulators have asked top executives of ride hailing giant Didi to devise a plan to delist from US bourses on Security fears, Bloomberg News reported.
-
Chips, Renewables Gain Focus From China Investors Who Plan to Avoid Regulators’ Attention
Investors in China are turning to semiconductors, renewable energy, and consumer-focussed firms in the belief they offer safe-harbour from a blizzard of regulatory action that has battered confidence and forced funds to overhaul their portfolios.
-
Fake Tesla, Apple, Amazon Stocks Have Started Trading on Blockchains: All You Need to Know
The innovators in the fast-moving world of decentralised finance — or DeFi — have built synthetic versions of equities that track some of the world’s biggest companies. In essence, the anti-establishment ethos of the cryptocurrency world is being applied to a rough facsimile of the stock market.
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Cryptocurrency Trading for Some Digital Coins Banned in Thailand, Including 'Meme Currencies' Like Dogecoin
Thailand has become the latest country in Asia, after China, to restrict trading in the highly speculative cryptocurrencies and the non-fungible tokens (NFTs). The Thai Securities and Exchange Commission (SEC) issued new regulations that ban certain types of digital coins, including meme currencies like Dogecoin.
-
Google Faces GBP 5 Billion UK Lawsuit for Abusing Dominance in Online Search
Google is being sued in Britain for potential damages of up to GBP 5 billion (roughly Rs. 56,536 crore). The class action, filed at the Competition Appeal Tribunal on Tuesday, argues that Google's actions enabled it to charge higher prices for the advertisements that appear in search inquiries than it otherwise could in a competitive market.
-
"It's A Free Market": Supreme Court Rejects Plea To Regulate Internet Prices
The Supreme Court on Monday refused to entertain a plea seeking regulation of Internet prices in the country.
-
How the US Lawsuit Against Apple Could Make the iPhone Experience More Consumer Friendly
Apple faces a lawsuit in the US over the company's alleged monopolistic practices that hurt smaller companies and drive up prices. The US Department of Justice hopes to increase competition for the iPhone and give a leg up to smaller companies whose apps work with the popular smartphone. Apple states that the lawsuit threatens the company and the p...
-
National Cinema Day 2023: Rs. 99 Tickets Now Live on BookMyShow, PayTM, More
National Cinema Day is back with Rs. 99 tickets, and select online ticketing sites have begun bookings for the occasion. At the time of writing, only major Bollywood movies like Jawan and Mission Raniganj are providing the option to book tickets for October 13, though this should be further expanded. Due to state regulations, theatres in select Sou...
-
Meta Proposes Monthly Fee of Up to EUR 13 for Ad-Free Access to Instagram and Facebook: Report
Instagram and Facebook may offer an ad-free version for users who pay a monthly subscription, according to a report. Meta has reportedly proposed to European regulators, the possibility of a paid version of its social media services that will not show personalised ads that are based on a user's information. Here's how much users in the EU might hav...
-
Google Says CCI Orders Strike Blow at Digital Adoption in India, Will Lead to Higher Prices
Google on Friday hit out at the competition regulator for slapping penalties for alleged abuse of its dominant position, saying the orders strike a blow at the effort to accelerate digital adoption in India and will lead to higher prices. Failing to secure an interim relief on more than Rs. 2,200 crore fine imposed by the Competition Commission of ...
-
Google to Face Class Action Lawsuit of 21 Million Individuals Over Play Store Competition
Google is set to face a class action lawsuit of 21 million individuals who have accused the search giant of violating competition law in the US, over the running of the Google Play Store. The complainants have argued that they would have paid lower prices for apps and in-app purchases and would have benefited from expanded choice, if Google had not...
-
EU Regulators Seek Broader Rules on Companies' Market Power, Focus on Innovation
EU regulators are seeking broader rules to define the market power of companies, with a greater focus on innovation and pointers on digital markets, according to the European Commission. These rules help regulators in the EU measure a company's pricing power in a merger or its power to shut out rivals in an antitrust case. The EU executive proposed...
-
Uber, Ola, Rapido Directed to Stop Three-Wheeler Services in Bengaluru Over 'Exorbitant' Pricing
Uber, Ola, and Rapido were directed to stop three-wheeler services in Bengaluru on Thursday, over accusations of overcharging customers and harassment. While, Uber in recent weeks has been running television ads on its autorickshaw service in India, Rapido said its operations in Bengaluru are not illegal and it will respond to the notice. Last mont...
-
Alibaba Said to Cut Over One-Third Deals Team Staff After Regulatory Crackdown
Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.
-
Australian Antitrust Regulator Sues Airbnb for Misleading Customers to Pay More Than Advertised
The Australian Competition and Consumer Commission has filed a lawsuit against Airbnb for misleading users into paying more than advertised for their stays. The court filing accused Airbnb advertised and charged room rates in USD without indicating the much higher figures in AUD.
-
Didi Asked by Chinese Regulators to Delist From US on Security Fears: Report
Chinese regulators have asked top executives of ride hailing giant Didi to devise a plan to delist from US bourses on Security fears, Bloomberg News reported.
-
Chips, Renewables Gain Focus From China Investors Who Plan to Avoid Regulators’ Attention
Investors in China are turning to semiconductors, renewable energy, and consumer-focussed firms in the belief they offer safe-harbour from a blizzard of regulatory action that has battered confidence and forced funds to overhaul their portfolios.
-
Fake Tesla, Apple, Amazon Stocks Have Started Trading on Blockchains: All You Need to Know
The innovators in the fast-moving world of decentralised finance — or DeFi — have built synthetic versions of equities that track some of the world’s biggest companies. In essence, the anti-establishment ethos of the cryptocurrency world is being applied to a rough facsimile of the stock market.
-
Cryptocurrency Trading for Some Digital Coins Banned in Thailand, Including 'Meme Currencies' Like Dogecoin
Thailand has become the latest country in Asia, after China, to restrict trading in the highly speculative cryptocurrencies and the non-fungible tokens (NFTs). The Thai Securities and Exchange Commission (SEC) issued new regulations that ban certain types of digital coins, including meme currencies like Dogecoin.
