Google fined Rs. 936 crore in second antitrust penalty this month

Popular

Google fined Rs. 936 crore in second antitrust penalty this month

Alphabet Inc’s Google was fined $113.04 million ($936 crore) on Tuesday as India completed yet another antitrust investigation this month. The investigation concluded that Google abused its market position on the Play Store to promote its payments app and in-app payment system. India has also ordered the company to stop engaging in unfair business practises.

The Competition Commission of India (CCI) issued a statement on Tuesday saying, “The Commission hereby directs Google to cease and desist from engaging in anti-competitive practises.” It stated that Google should not prohibit app developers from using third-party billing or payment processing services for in-app purchases or app purchases. This is India’s second antitrust penalty against Google this month. Google was fined $162 million, or Rs. 1,337.76 crore, by the Competition Commission of India (CCI) on Thursday for anticompetitive Android practises.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

Alphabet Inc’s Google was fined $113.04 million ($936 crore) on Tuesday as India completed yet another antitrust investigation this month. The investigation concluded that Google abused its market position on the Play Store to promote its payments app and in-app payment system. India has also ordered the company to stop engaging in unfair business practises.

The Competition Commission of India (CCI) issued a statement on Tuesday saying, “The Commission hereby directs Google to cease and desist from engaging in anti-competitive practises.” It stated that Google should not prohibit app developers from using third-party billing or payment processing services for in-app purchases or app purchases. This is India’s second antitrust penalty against Google this month. Google was fined $162 million, or Rs. 1,337.76 crore, by the Competition Commission of India (CCI) on Thursday for anticompetitive Android practises.

Disclaimer

At StartupNews.fyi we strive to uphold the highest ethical standards in all of our reporting and coverage. We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

Tap Payments and PayPal partner to expand global reach for MENA businesses

Tap Payments, the leading fintech company in the Middle...

Nykaa got hit with a wave of departures from its top executives

Nykaa, one of India's leading online beauty and wellness...

Delhi HC summoned BharatPe’s Ex-MD Ashneer Grover & barred him from creating any third-party rights over shares

Fintech startup BharatPe’s former managing director has been summoned...

Upcoming Events

Startup Information that matters. Get in your inbox Daily!

spot_img
spot_img
Copy link
Powered by Social Snap