Google Wants India's Supreme Court To Scrap Competition Regulator's Orders Against Android Dominance: Report
Portfolio Pulse from Arpit Nayak
Google, owned by Alphabet Inc, is asking India's Supreme Court to scrap antitrust directives related to its dominance in the Android market. The Competition Commission of India (CCI) had accused Google of taking advantage of its dominant position in India's smartphone market and imposed a $163 million fine, which Google paid.
June 27, 2023 | 12:06 pm
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NEUTRAL IMPACT
Google's appeal to India's Supreme Court to scrap antitrust directives related to its Android market dominance could impact Alphabet's legal and regulatory standing in India.
Google is seeking to overturn the antitrust directives imposed by the Competition Commission of India (CCI). While the company has already paid the $163 million fine, the outcome of this appeal could impact Alphabet's legal and regulatory standing in India. However, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Google is asking India's Supreme Court to scrap antitrust directives related to its Android market dominance, which could impact Alphabet's legal and regulatory standing in India.
Google is seeking to overturn the antitrust directives imposed by the Competition Commission of India (CCI). While the company has already paid the $163 million fine, the outcome of this appeal could impact Alphabet's legal and regulatory standing in India. However, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100