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B2B ecommerce unicorn Udaan has filed an antitrust complaint against biscuit manufacturer Parle for alleged abuse of the latters dominant

New Delhi, September 2 Apple Inc is facing an anti-trust challenge in India for allegedly abusing its dominant position in the apps market by forcing developers to use its proprietary in-app purchase system, according to a source and documents seen by Reuters. The allegations are similar to a case Apple faces in the European Union, where regulators last year started an investigation into Apple''s imposition of an in-app fee of 30% for distribution of paid digital content and other restrictions. Competition Commission to review case Apple faces similar charges in the EU, where regulators last year started a probe after the US giant imposed an in-app fee of 30% for distribution of paid digital content and other restrictions The Competition Commission will review the case and could order probe or dismiss it altogether if it finds no merit in it The case was filed by a little-known, non-profit group which argues Apple''s fee of up to 30% hurts competition by raising costs for app developers and customers, while also acting as a barrier to market entry. "The existence of the 30% commission means that some app developers will never make it to the market

In-app payment issues are at the forefront of an antitrust complaint against Apple by an Indian nonprofit group, which went to the Competition Commission of India (CCI) to make a case against the Silicon Valley technology giant, Reuters reported Thursday (Sept. 2), citing sources and documents it examined. The nonprofit Together We Fight Society has []

While the order is most favourable for the general insurers, as they get lump-sum upfront, there are differing voices within the industry as the order makes the field uneven. It will be interesting to note how the General Insurance Council (GIC) - the lobby body for non-life insurers - and the Insurance Regulatory and Development Authority of India (IRDAI) would react before the court when the case comes up for hearing again. "On the face of it, the Madras High Court order is anti-competitive," D. Varadarajan, a Supreme Court advocate specialising in company/competition/insurance laws, told IANS. Though there are several non-life insurers in the country selling vehicle insurance policies, as per the order, a vehicle buyer will be locked-in with one insurer for five years. The insurance policies for new vehicles fetch the highest premium and are generally sold through vehicle dealers. Varadarajan said that it is beyond the purview of the high court to pass such sweeping orders, rather than deciding the real dispute between the parties in that particular case, and that too without giving notice to the parties, including the Central government, which would be affected or concerned by such a ''drastic'' order. "Further, in the teeth of the law enacted by the Parliament, there is no warrant for judge-made law.

Apple could be facing a widespread investigation into the App Store in India, and more specifically, the company''s in-app purchasing system, which grants it a 15% to 30% commission for all purchases made, reports Reuters . The Competition Commission of India (CCI), which oversees cases of possible anti-competitive and antitrust behavior, is reviewing an antitrust challenge case against Apple presented by a non-profit Indian group. The group claims, in their case, that Apple''s standard 30% commission for in-app purchases "hurts competition" since it raises costs for both the developer and the customer. "The existence of the 30% commission means that some app developers will never make it to the market This could also result in consumer harm," said the filing, which has been seen by Reuters. Apple has already faced countless similar cases worldwide, including in the European Union and by developer groups in the United States. In its current stage, the case is not prompting a more exhaustive investigation by the Indian government.

The Competition Commission of India (CCI) lawyer told the Court that when big players give discounts, they incur losses for a short time, but this pushes the smaller players out

Earlier in January, SAMC had announced its plans for the transaction, which included Principal Trustee Company Pvt Ltd (PTCPL) and Principal Retirement Advisors Pvt Ltd (PRAPL), valued at Rs 338.5 crore.

CCI approves the proposed merger of Embassy group firms NAM Estates and Embassy One Commercial Property Developments with Indiabulls Real Estate

Ashok Swami, chairman, Maharashtra State Co-op Textile Federation (MSCTF) said that the cooperative spinning mills in the state are finding it difficult to purchase cotton at the market rates since they have been in financial distress.

The CCI study cites the example of Amazon in the US, where only 1 per cent Amazon Prime members are likely to consider competitor retail sites, while non-Prime members are eight times more likely than Prime members to shop between both Amazon and Target

Globally, the competition authorities, including the European Commission, the US, and the UK competition authorities, have issued penalty guidelines to ensure that the penalty imposed does not become disproportionate.

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CCI approves e-commerce giant Flipkart's acquisition of 7.8 percent stake in Aditya Birla Fashion

On completion of this transaction, Aditya Birla Fashion would have successfully executed a capital raise of Rs 2,500 crore since April 1, 2020