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

October 26, 2022

, By Team SNFYI

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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.

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

October 26, 2022

, By Team SNFYI

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

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi 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.

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Previous News

Elon Musk told bankers that he will purchase Twitter by Friday

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Singapore may soon require retail investors to take a test before trading cryptocurrency

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