Intel scores major win as court scraps $1.2 billion EU antitrust fine
The Hindu
The European Commission penalised Intel in 2009 for trying to block rival AMD by giving rebates to computer makers Dell, HP, NEC and Lenovo for buying most of their chips from Intel.
Intel on Wednesday won its fight against a 1.06-billion-euro ($1.2 billion) EU antitrust fine that the U.S. chipmaker was handed 12 years ago for stifling a rival, in a major setback for EU antitrust regulators.
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The judgment by Europe's second-top court in support of Intel's arguments is likely to cheer and Apple, Amazon and Facebook, which are in the EU antitrust enforcer's crosshairs.
The restoration and redevelopment of the decades-old Calve College Government school, a landmark that occupies a prominent place in the city’s history is nearing completion. The Puducherry Smart City Development Limited (PSCDL), which has taken up the restoration, has planned to complete the work by the first week of July. The Indian National Trust for Art and Cultural Heritage (INTACH) is the architectural consultant for PSCDL, while Puducherry Technological University (PTU) is the structural consultant. The work commenced in August 2021 and costs ₹4.75 crore.