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MONOPOLY ABUSE FINES
China hits travel platform Trip.com with $765M in penalties over monopoly abusesChina has fined a major online travel company nearly 5.2 billion yuan for monopolistic practices. The company restricted market competition...- Trip.com shares crash 22% in Hong Kong after antitrust probeHong Kong-listed shares of a major Chinese online travel agency plummeted after regulators launched an antitrust probe. The company is susp...
- Google hit with $3.5 billion fine from European Union in ad-tech antitrust caseThe European Union has fined Google €2.95 billion for violating competition rules by favoring its own digital advertising services. The EU ...
- Indonesia fines Google $12 million for unfair business practicesThe agency launched an investigation into Alphabet Inc's Google in 2022 on suspicion it had abused its dominant position by requiring Indon...
- Russian court rejects Apple appeal against abuse of dominant market position: reportRussia's federal anti-monopoly service (FAS) fined Apple in January over what it said was the US company's abuse of its dominant market pos...
- China to tighten antitrust legal enforcement: new antitrust bureau headChina last month elevated the seniority of the market regulator's antitrust unit, the National Anti-monopoly Bureau, and appointed Gan as c...
- China fines tech giants for content exploiting childrenPlatforms including Alibaba's e-commerce marketplace Taobao, Tencent's QQ messaging service, live-streaming site Kuaishou, microblogging pl...
- Russia fines Apple $12 million for alleged app market abuseWestern tech companies have come under increasing pressure in Russia in recent months, with social network Twitter punitively slowed down o...
- Timeline: Events leading up to China's $2.75 billion fine on AlibabaAlibaba has come under intense scrutiny in China since its billionaire founder Jack Ma's stinging public criticism of the country's regulat...
- China fines Alibaba record $2.75 bn for anti-monopoly violationsThe ruling Communist Party is tightening control over China's biggest e-commerce and other internet companies and has warned them not to us...
- Timeline: Events leading up to China's $2.75 billion fine on AlibabaThe Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma's stinging public criticism of t...
- Internet giants need to re-invest profits in India to generate jobs: Ravi Shankar PrasadThe govt asked IT giants to re-invest revenues and profits in India for generating digital infrastructure. India provides one of the bigges...
- When a corporate crosses the line! Some instances of penalties handed by the EUThe EU slapped a €2.42 bn antitrust fine on Google for abusingits monopoly over internet searches. Here are a few others.
- Competition Commission cuts Coal India penalty to Rs 591The CCI has found the co violating competition norms by "imposing unfair/ discriminatory conditions in the matter of supply of non- coking ...
- China firm seeks $100 bn from QualcommA Chinese semiconductor company will seek a $100 billion penalty against Qualcomm for trademark infringement, it said today almost as much ...
- Over-dependence on Coal India a myth: Coal secretaryS K Srivastava on Thursday said the so-called over-dependence on the company is a myth in light of the captive block allocations by the gov...
- CCI’s Rs 1,773-crore penalty: Coal India should pay fine, say expertsCCI imposed a Rs 1,773 crore fine on Coal India based on a complaint filed by two power companies that India’s monopoly producer of coal ab...
- The government should remove Coal India’s monopoly, make it payBy paying the fine, CIL would pass on revenue to the govt without paying a dividend distribution tax. The only losers would be the minority...
- CCI slaps fine of 5% of turn over to PES Installations, MDD Medical System and Medical Product Services
- The Competition Commission's ruling against NSE is welcome but not enoughThe regulator is right to acknowledge the paradigm shift wrought by NSE in the operation of stock exchanges in India.
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