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GLOBAL TURNOVER PENALTIES
BHEL, SAIL at risk of losing Maharatna tagTwo major Indian public sector companies, BHEL and SAIL, face a one-year deadline to improve their financial performance. Failure to meet p...- Apple agrees to submit India financials in long-pending antitrust caseThe case is Apple's most high-profile regulatory headache in India, a key growth market where it has rapidly expanded iPhone production as ...
- Temu fined $232 million for breaching EU rules on sale of illegal productsFurther penalties could follow in the coming months as a result of a nearly two-year investigation under the Digital Services Act that req...
- Delhi HC to CCI: Don’t pass final order against Appletill July 15 in App Store caseThe Delhi High Court has halted the Competition Commission of India's final order against Apple Inc. This decision is effective until July ...
- Apple withholds data in India antitrust case, CCI sets final hearingIndia's antitrust watchdog is moving quickly to decide penalties for Apple. The Competition Commission of India found Apple abused its domi...
- India defends antitrust penalty law in Apple fightIndia's competition watchdog is defending a new law that bases fines on a company's global turnover. This measure aims to deter multination...
- Delhi HC asks GoI, CCI to justify fines on Apple based on global turnoverApple has challenged the amendment that allows the commission to impose penalties on the basis of a company's global turnover. Its potentia...
- Apple trying to stall India antitrust case by challenging penalty law: CCIIndia’s competition regulator told a New hi court that Apple is trying to delay antitrust action by disputing the country’s penalty rules. ...
- $38 billion question: Delhi HC to take up Apple’s plea against CCI global turnover penalty rule on MondayApple said it could face fines of up to $38 billion or about 10% of its average global turnover over the past three financial years if the ...
- ETtech Explainer: Why Apple is fighting India’s heavy-fine ruleApple has gone to the Delhi High Court to oppose new antitrust rules that allow the CCI to levy fines based on global turnover. The company...
- Apple fights india antitrust rule that could trigger $38 billion global penaltyApple is challenging a new India antitrust law that allows penalties based on global turnover. The company says the rule could create huge ...
- Apple moves Delhi High Court against CCI penalty rule based on global turnoverTech giant Apple has approached the Delhi High Court seeking to block the government's enforcement of amended competition law provisions. T...
- Apple moves Delhi HC against CCI’s global turnover penalty ruleApple has moved the Delhi High Court challenging a 2023 amendment to the Competition Act that empowers the Competition Commission of India ...
- CCI's powers to penalise on global turnover basis to deter anti-competitive waysThe competition law provision of imposing penalties based on global turnover will act as a deterrent to violations, encourage commitments a...
- CCI rejects plea to delink penalty from global turnoverThe CCI issued the statement after it notified on Wednesday its new regulations, moving on from the earlier regime of pegging the maximum p...
- Stakeholders' demand to delink penalty from global turnover 'not accepted': CCI's general statementThe Competition Commission of India (CCI) has rejected stakeholders' plea to retain the earlier monetary penalty framework for antitrust ac...
- Penalty for unfair trade practices to be linked to global turnoverThe CCI regulations followed a notification issued by the ministry of corporate affairs stipulating March 6 as the date for implementing th...
- CCI can now impose fines based on cos' global turnoverThe Competition Commission of India can now impose penalties on companies based on their global turnover. The amendment is likely to have m...
- CCI gets powers to penalise tech firms based on global turnoverThe Competition (Amendment) Bill, 2022 seeks to capture deals happening in global digital companies, provided the entities involved have a ...
- House panel moots penalties up to Rs 15 crore for data violationsThe provision, if it becomes a law, will pose a strong deterrent for social media giants and top tech companies such as Facebook, Instagram...
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