Apple, Amazon, Google Up In Arms Against India's Proposed Anti-Competition Bill: Report
Portfolio Pulse from Ananthu C U
Apple, Amazon, and Google are opposing India's proposed Digital Competition Bill, which aims to regulate large digital firms. The US-India Business Council warns that the law could increase user costs and reduce investment in India.
May 28, 2024 | 1:24 pm
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Apple is opposing India's proposed Digital Competition Bill, which aims to regulate large digital firms. The US-India Business Council warns that the law could increase user costs and reduce investment in India.
Apple's opposition to the bill suggests potential regulatory challenges that could impact its operations and costs in India, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Amazon is opposing India's proposed Digital Competition Bill, which aims to regulate large digital firms. The US-India Business Council warns that the law could increase user costs and reduce investment in India.
Amazon's opposition to the bill suggests potential regulatory challenges that could impact its operations and costs in India, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Google is opposing India's proposed Digital Competition Bill, which aims to regulate large digital firms. The US-India Business Council warns that the law could increase user costs and reduce investment in India.
Google's opposition to the bill suggests potential regulatory challenges that could impact its operations and costs in India, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Google is opposing India's proposed Digital Competition Bill, which aims to regulate large digital firms. The US-India Business Council warns that the law could increase user costs and reduce investment in India.
Google's opposition to the bill suggests potential regulatory challenges that could impact its operations and costs in India, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80