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India antitrust probe finds Apple abused position in apps market

India antitrust probe finds Apple abused position in apps market

by AIP Online Bureau | Jul 13, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

The Competition Commission of India (CCI) has been investigating Apple Inc since 2021 for possibly abusing its dominant position in the apps market by forcing developers to use its proprietary in-app purchase system New Delhi:An investigation by India’s...

Digital Competition Bill: Strengthen existing regulatory bodies like CCI, NCLAT, says Nasscom

by AIP Online Bureau | May 19, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

While there may be an enforcement concern, it is pertinent to examine the resource challenge of the Competition Commission of India (CCI) that looks into anti-market practices of the Big Tech platforms New Delhi: As India aims to adopt the Digital Competition Bill to...

Max Life gets Irdai nod for Rs 1,612 cr infusion by Axis Bank

by AIP Online Bureau | Feb 6, 2024 | Banking & Bancassurance, Indian News, Life, Regulation

Last year in August, the company announced a capital infusion by Axis Bank by issuance of 14.25 crore equity shares to help Max Life to support its future growth ambitions, augment its capital position and improve solvency margins NEW DELHI: Max Financial Services,...

CCI approves Zurich Insurance stake in Kotak Mahindra General Insurance

by AIP Online Bureau | Feb 6, 2024 | Indian News, Non-Life, Reinsurance

In November last year, the Switzerland-based Zurich Insurance Group had agreed to acquire a 51 percent stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore. The proposed transaction valued Kotak Mahindra General Insurance Company at Rs 7,943...
CCI clears Hinduja group owned entities’ acquisition of controlling stake in Reliance Capital

CCI clears Hinduja group owned entities’ acquisition of controlling stake in Reliance Capital

by AIP Online Bureau | Dec 27, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

Reliance Capital’s subsidiaries and associates are engaged in various businesses in the financial service sector including insurance New Delhi: The Competition Commission of India (CCI) has approved acquisition of controlling stake in Reliance Capital Ltd by...
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