google nclat

The Supreme Court on Monday said it will finally hear the cross-appeals filed by Google and the Competition Commission of India in the antitrust case on April 30.A bench led by Chief Justice DY Chandrachud posted the matter for final disposal on April 30, after counsel for both the sides needed more time to argue as “there are several key areas that the court will consider for the first time.”Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech,…

Although Google appealed the NCLAT order in the Supreme Court, it later withdrew the case. The National Company Law Appellate Tribunal (NCLAT) has postponed the final hearing of Google’s appeal against the Competition Commission of India’s (CCI) order imposing a penalty of Rs 936 crore, media reports said.In a notice released on November 24, the NCLAT deferred the hearing of Google’s appeal, which was scheduled for November 28, reports Moneycontrol.The penalty was imposed on Google for abusing its dominant…

This week, Google announced it would make a slew of changes to Android in India to comply with a ruling by the country’s competition watchdog last October, which found it guilty of abusing its market dominance.The rulingsOct 20, 2022: The Competition Commission of India (CCI) fined Google Rs 1,337.76 crore and asked it to make several changes to its Android policies to prevent abuse of its dominant position in the mobile operating system market. The regulator gave Google three months — until Jan 19 — to comply.Oct 25: The…

This week the lending unit of US crypto firm Genesis filed for bankruptcy protection, becoming the latest digital asset company to go bust after the collapse of the ‘stablecoin’ terraUSD and its sister token Luna last May.Here’s a list of major cryptocurrency companies that have gone bankrupt since then.Three Arrows Capital: The crypto hedge fund defaulted on a crypto loan worth more than $650 million soon after the terraUSD-Luna collapse and filed for bankruptcy on July 1, 2022.Voyager: The US crypto lender filed for…

The Securities and Exchange Board of India (Sebi) has begun cracking down on private equity and venture capital funds that have overstayed their welcome. Sources told us the markets regulator has sent notices to many such funds, saying they failed to adhere to the tenures specified in their offer documents.Also in this letter:■ Infosys Q3 results: net profit up 13.4% YoY to Rs 6,586 crore■ Cashfree lays off 150 employees; govt summons Amazon over job cuts■ ETtech Explainer | How CCI’s Android ruling could affect…