EU court largely upholds $4 billion Google Android antitrust fine
The Hindu
London One of the European Union’s highest courts has largely upheld the bloc’s biggest-ever antitru
One of the European Union’s highest courts has largely upheld the bloc’s biggest-ever antitrust fine, issued to Google by the bloc’s competition enforcers in 2018 over its Android mobile operating system.
The European Court of Justice’s General Court on September 13 mostly confirmed a decision by the EU’s executive Commission to slap Google with a fine of more than 4 billion euros ($3.99 billion) for stifling competition through the dominance of Android.
The court said that “in order better to reflect the gravity and duration of the infringement”, it’s appropriate to give Google a fine of 4.125 billion euros, according to a press summary of the decision.
That’s slightly lower than the original 4.34 billion euros penalty, and the court said its reasoning differed “in certain respects” from the commission’s.
The fine is one of three antitrust penalties totalling more than $8 billion that the European Commission hit Google with between 2017 and 2019.
In its original decision, the commission said Google’s practices restrict competition and reduce choices for consumers.
It determined that Google broke EU rules by requiring smartphone makers to take a bundle of Google apps if they wanted any at all and prevented them from selling devices with altered versions of Android.
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ACS Ignite, a start-up event aimed at empowering deep science start-ups to raise funding and mentorship was organised by the Student Chapter of the American Chemical Society (ACS) in collaboration with ACS and Fortytwo at Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) on Thursday. Over twenty start-ups got a platform to pitch their ideas to Venture Capitalists, who would go on to provide access to networks and funds.
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Centre for Cellular and Molecular Platforms (C-CAMP) has been chosen, along with IIT Bombay, IIT Delhi, IIT Kanpur, IIT Hyderabad, and IISc. Bengaluru, to establish centres of excellence (CoE) by the Wadhwani Foundation in Bioengineering and Biotechnology with a funding support of $1 million annually.