CCI orders probe against Apple for ‘unfair practices’
The Hindu
‘No access to potential app distributors’
The Competition Commission of India (CCI) on Friday ordered a detailed probe against technology major Apple for alleged unfair business practices with respect to its App Store.
In a 20-page order, the CCI said that Apple’s App Store is the only channel for app developers to distribute their apps to iOS consumers which is pre-installed on every iPhone and iPad.
“Further, third-party app stores are not allowed to be listed on Apple’s App Store as the developer guidelines as well as agreement prohibits app developers from offering such services... these restrictions imposed by Apple forecloses the market for app stores for iOS for potential app distributors,” CCI said in the order.
Reliance Industries remains silent after Trump's $300 billion refinery announcement, raising doubts about the deal's validity.
Induction stove adoption in low-income Indian households remains low due to limited electrical infrastructure and high costs despite rising demand.
India's coal stock stands at 210 MT, ensuring an 88-day supply to meet rising power demand ahead of summer.
Investment rule tweaks will benefit electronics and rare earth sector in India, says DPIIT Secretary
DPIIT's investment rule changes will enhance India's electronics and rare earth sectors, boosting capital flow and joint ventures.
ED conducts searches at 19 locations in Haryana and Chandigarh linked to ₹590 crore IDFC First Bank fraud investigation.
Oil Ministry reassures no LPG panic needed; normal delivery maintained at 2.5 days amid secure crude oil supplies.
Sensex and Nifty fall nearly 2% as crude oil prices rise amid West Asia tensions and sustained foreign fund outflows.
Rupee falls 16 paise to 92.01 against the dollar amid FII outflows and weak domestic market sentiments.
John Deere launches a 130 HP tractor in India for ₹65 lakh, featuring advanced technology and sustainable farming solutions.
Stock markets decline as Sensex and Nifty drop amid geopolitical tensions and foreign fund outflows in early trade.
Polymarket, the world's largest prediction market, said Tuesday it had formed a partnership with Palantir Technologies to monitor its sports betting markets
ArcelorMittal and Nippon Steel seek EoI for a steel fabrication unit near their new Integrated Steel Plant in Andhra Pradesh.
Amazon.com is looking to raise about $37 billion in an 11-part bond sale, according to a term sheet seen by Reuters on Tuesday, as it looks to fund its spending on AI infrastructure buildout.