COMPETITION
Nvidia set to face French antitrust charges
The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year which sources said targeted Nvidia.
Why the Digital Competition Bill has started a polarising debate in the tech industry
India’s Digital Competition Bill has turned previous foes in the tech industry into unlikely allies and sparked a polarising debate on market practices. The Committee on Digital Competition Law (CDCL) on February 27, submitted its report to the ministry of corporate affairs (MCA) after working on it for more than a year.
Apple's iPhone shipments in China surge 40% in May amid aggressive discounting
Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier，calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed.
How to fix skilling the competition
Legislation is needed to bring parity in working conditions among blue- and white-collar workers. Where this is not possible - for instance, in construction - wages must adjust to the harshness of outdoor work. Industry also has to commit more towards tenure of employment for manual labour in order to draw in a newer generation of workers.
Amazon tops up India payments business with Rs 600 crore
Amazon Pay India intensified competition with Paytm, PhonePe, and Google Pay, receiving a capital infusion of Rs 600 crore. The company invested Rs 950 crore in the platform and Amazon Seller Services, facing challenges due to RBI actions. With tie-ups for various services, Amazon Pay India reported significant operational revenue and narrowed net losses.
Microsoft breached antitrust rules by bundling Teams with office software, European Union says
The European Commission stated that Microsoft may have provided Teams with a "distribution advantage" by not allowing customers the option to choose whether to include Teams when purchasing the software. Last year, Microsoft made certain adjustments in an attempt to avoid penalties, such as offering software packages without Teams specifically for European customers. However, the commission has indicated that these measures are insufficient.
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Apple is first company charged under new EU competition law
Apple is facing intense regulatory scrutiny globally, with charges in the EU, legal battles in the US, and regulatory actions in Britain, signaling a turbulent period for the tech giant in various markets.
Google extends pilot for real money games; AIGF dubs it arbitrary, anti-competitive
In September 2022, Google launched a limited trial program on its app store. This pilot allowed a small number of daily fantasy sports and rummy games to be available for download. The program lasted for one year, and while Google stopped accepting new applications after that period, existing participants were granted a grace period.
Kremlin slams US ban on cybersecurity firm Kaspersky
The Kremlin on Friday criticised the US decision to ban Moscow's cybersecurity firm Kaspersky over security concerns as creating "unfair competition" from American companies. "Kaspersky Lab is a company which is very, very competitive on the international level," Kremlin spokesman Dmitry Peskov said.
Citing overlaps, experts seek rejig of Digital Competition Bill
The ministry of electronics and information technology continued discussions on the digital competition bill with think tanks and industry bodies raising concerns about foreign regulation approaches. The impact on startups and overlap with existing laws were highlighted.
MeitY to discuss digital competition bill draft with industry associations
The government is holding meetings to address concerns about the draft Digital Competition Bill, which proposes obligations for big tech companies in core digital services under a new category of systemically significant digital enterprises.
Apple brings ChatGPT and more AI to devices, Wall Street unimpressed
In the nearly two-hour long presentation at Apple's annual developer conference, executives including CEO Tim Cook touted how voice assistant Siri would be able to interact with messages, emails, calendar, as well as third party apps. Siri will be able to write emails and change the tone of voice to suit the occasion.
Crypto exchange Binance seeks to slash size of $13 billion UK lawsuit
Binance and Kraken are being sued in London over claims of colluding to delist Bitcoin Satoshi Vision (BSV), causing its value to drop and preventing it from becoming a top-tier cryptocurrency.
Tribunal rules $17 billion UK adtech lawsuit against Google can go ahead
The lawsuit, which seeks damages on behalf of publishers of websites and apps based in the United Kingdom, is the latest case to focus on the search giant's business practices.
Airlines eye 'new frontier' of AI ahead of global summit
Airlines may not be replacing pilots with artificial intelligence anytime soon, but aviation industry experts say the new technology is already revolutionising the way they do business. AI is "undoubtedly a new frontier, in that it's an extraordinary acceleration of technology and capabilities," said Geoffrey Weston, the head consultant on the airline industry at US-based firm Bain & Company.
IAMAI view on draft Digital Law not shared by all constituents: four members tell MCA
Four members of IAMAI, including Bharat Matrimony, Match Group, Hoichoi, and ShareChat, express divergent views on ex-ante regulation in the draft DCB to the Ministry of Corporate Affairs.
Google, Amazon, Apple lobby group opposes India's EU-like antitrust proposal
India is drafting a new competition law to target big digital firms, with a U.S. lobby group urging a rethink to avoid potential business impacts.
Myntra gained market share, scaling beauty and home decor: CEO Nandita Sinha
Over the past year-and-a-half, online fashion retailer Myntra has gained market share even as rivals like Reliance Ajio and Nykaa Fashion have snapped at its heels, chief executive Nandita Sinha told ET in an interview–without naming the competition.
Meta submits changes to UK privacy compliance proposals, CMA says
Meta Platforms offers to limit data use on Facebook Marketplace as per CMA. Competitors can opt out of data use. CMA accepts changes on provisional basis, seeks feedback till June 14.
Nvidia cuts China prices in Huawei chip fight
The flattening prices underscore the challenges Nvidia's China business faces amid U.S. sanctions on AI chip exports and heightened competition, casting a cloud over its future in a market that contributed 17% to its revenue for fiscal 2024.
Google cuts mystery check to US in bid to sidestep jury trial
Google disclosed the payment, but not the amount, in a court filing last week that said the case should be heard and decided by a judge directly. Without a monetary damages claim, Google argued, the government has no right to a jury trial.
UK's competition watchdog rejects probe into Microsoft-Mistral AI tie-up
In February, Microsoft invested $16 million in Mistral AI, partnering to make the French start-up's artificial intelligence models available through its Azure platform. It has also invested in ChatGPT owner OpenAI.
Draft digital competition bill will make business untenable: IAMAI
Ex-ante regimes tell businesses precisely how to behave, or what to do. Under the current ex-post regime of the Competition Act, companies are only required to ensure that their conduct in the market is not anti-competitive. An overlapping ex-ante regime proposed under the digital competition Bill will force tech companies to comply with parallel legislation and undertake measures for additional compliance, the IAMAI said.
KukuFM, Shaadi and IBDF appeal NCLAT against CCI’s interim order in Google Play Store case
Google given a week to respond to appeals against CCI order by KukuFM & IBDF. Startups accuse Google of discriminatory fees. The tribunal will address the matter on May 24.
NPCI to delay payments market cap, helping Walmart-backed PhonePe, Google Pay
India delays market share caps for digital payments, benefiting PhonePe and Google Pay. NPCI extends UPI market share cap deadline. PhonePe's UPI share increases to 48.3%, while Google Pay's decreases. Total transactions volume reaches 11.5 billion.
Google fights $17 billion UK lawsuit over adtech practices
The lawsuit seeks damages of up to 13.6 billion pounds ($16.9 billion) on behalf of publishers of websites and apps based in the United Kingdom, who say they have suffered losses due to Google's allegedly anticompetitive behaviour.
Microsoft hit with Spanish startups' complaint about cloud practices
The US tech giant ranks second in the cloud computing sector, behind market leader Amazon but is expected to close the gap rapidly as a clutch of generative AI features powered by OpenAI's technology attract business users.
Google trial wraps up as judge weighs landmark US antitrust claims
US District Judge Amit Mehta in Washington for hours grilled both sides with questions, probing whether competitive platforms such as ByteDance's TikTok and Meta's Facebook and Instagram are competitive substitutes for search advertising dollars.
Need time to study impact of proposed digital competition law, say tech policy advocacy groups
21 organisations urge a 5-month extension from the government for insights on the Digital Competition Bill draft, emphasizing the alignment of various regulations and the essential 'whole of government' approach.
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