This is a rundown of last week’s news updates on Antitrust:
CCI Imposes Heavy Penalties On 6 Tyre Manufacturers For Cartelization
The Competition Commission of India, the country’s antitrust watchdog, recently passed a cease and desist order and imposed heavy penalties on Apollo Tyres, MRF, CEAT, JK Tyres, Birla Tyres and Automotive Tyre Manufacturers Association for cartelization. It was alleged that all the above-mentioned tyre manufacturers together controlled 90% of the tyre production in India and were engaged in price parallelism…
This is a rundown of last week's news updates on Antitrust:
Apple denies abuse of dominance in Indian app market
Tech giant Apple has sought the dismissal of a case filed against it by the Competition Commission of India (CCI) stating that it does not hold a dominant position in the Indian app market. It claimed that it holds a small share of 0-5% in the Indian app market which is dominated by Android creator Google which holds 95-100% of the…
This is a rundown of last week’s news updates on Antitrust:
CCI releases report on pharma sector
Competition Commission of India (CCI) recently released a study on India’s pharmacy sector. The study suggested the creation of a National Digital Drugs Databank for the use of regulators, industry, physicians and consumers with the aim to combat the information asymmetry that prevails in the sector. It also advised online pharmacies to develop self-regulatory mechanisms in the areas of data collecting, usage, sharing, and…
This is a rundown of last week's news updates on Antitrust:
Google loses $2.8 billion as antitrust fine to EU Court
The Luxembourg-based EU General Court has dismissed tech giant Google's effort to appeal a $2.8 billion antitrust fine for favouring its own shopping services in search results. The European Commission fined Google in 2017 for breaking competition laws. In addition to the fine, Google was ordered in 2017 to make modifications to the way it presents shopping search results, to allow…
This is a rundown of last week’s news updates on Privacy:
Supreme Court sets up a committee to look into the Pegasus matter
The Apex Court has ordered for the establishment of an independent three-member expert committee to investigate claims of pervasive and targeted monitoring of politicians, journalists, and activists through the Pegasus spyware. The committee will be overseen by retired Supreme Court judge Justice RV Raveendran. The committee will look into whether the Pegasus spyware was used to access stored…
This is a rundown of last week’s news updates on Antitrust:
Competition Commission of India issued orders against firms guilty of bid-rigging and cartelization
The Competition Commission of India (CCI), India’s fair markets watchdog, found that six firms had engaged in cartelization in the supply of Low-Density Poly Ethylene covers (LDPE) to the Food Corporation of India (FCI) by determining prices, allocating tenders, coordinating bid prices, and manipulating the bidding process directly or indirectly. CCI issued a cease-and-desist order against the…
This is a rundown of last week’s news updates on Antitrust:
Allegations of Amazon India's anticompetitive practices sparks demand for US antitrust probe
Ecommerce giant Amazon is accused of manipulating search results to boost its own product lines. Thousands of pages of internal Amazon documents show the company ran a systematic campaign. The Confederation of All India Traders, a group representing India's brick-and-mortar retailers, called for a government investigation of Amazon. An exposé by Reuters has shown how the business copied…
This is a rundown of last week’s news updates on Antitrust:
Google asserts before EU General Court that $5 billion antitrust fine unfounded
Tech giant Google had been fined by the European Commission, the EU’s antitrust regulator, on grounds that it had leveraged its Android operating system to fortify its dominant position in the internet search sector since 2011. Google’s submissions before the five-judge bench of the General Court were that the fine imposed was based on flawed calculations, on the…
This is a rundown of last week’s news updates on Antitrust:
Google sues Competition Commission of India (CCI) over investigation leak
Search engine giant Google has filed a writ petition against the CCI, the competition watchdog, over reports that a confidential report of the CCI’s investigation over Google’s practices in the Android smartphone sector was divulged to news outlets. The writ petition seeks a direction that the CCI act to prevent any further unlawful disclosures, submitting that Google itself had not…
This is a rundown of last week’s news updates on Antitrust:
BASF obtains favourable verdict for patent-licensing antitrust claims
Chemical company BASF Corp has succeeded in their claims against rival chemical company Ingevity Corp for antitrust claims of tying a license to a patent to an obligation to buy the consequent product. The jury in this case had reached an award of $28 million, however, based on a provision of US federal antitrust law, the award is to be tripled to…