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AHPI alleges insurers' body using anti-competitive tactics to push down hospital tariffs
Economic Times
·
3m ago
Medial
The Association of Healthcare Providers of India (AHPI) has accused the general insurers' body of employing anti-competitive tactics to decrease hospital tariffs. This includes a proposed General Insurance Council-led common empanelment process and the abrupt suspension of cashless services, which AHPI claims lack legal grounds. AHPI, representing over 20,000 hospitals, argues these actions cause patient distress and pressure hospitals to lower tariffs, with unresolved issues in reimbursement and medical technology rates.
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US antitrust case against Amazon to move forward
Economic Times
·
1y ago
Medial
- U.S. FTC's case against Amazon alleging competition stifling moves forward - Claims made by some states dismissed in the ruling - FTC alleges Amazon used an algorithm to raise prices for consumers - Amazon denies the claims and says it stopped using the program in 2019 - Amazon accused of using anti-competitive tactics to maintain dominance in online retail - Judge rejects Amazon's request to dismiss the case, stating the evidence of harm to consumers will be considered in later stages of the case.
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Google files complaint to EU over Microsoft cloud practices
Economic Times
·
1y ago
Medial
Google has filed a complaint with the European Commission against Microsoft, accusing the tech giant of using anti-competitive tactics to lock customers into its Azure cloud platform. Google alleges that Microsoft is exploiting its dominant Windows Server operating system to hinder competition and force customers to pay higher fees when using rival cloud services. Google is urging the European Commission to take regulatory action to end Microsoft's alleged vendor lock and promote fairness and choice in the cloud market. Microsoft's Windows Server and other products reportedly hold a market share of over 70% in European businesses.
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Polish ecommerce Allegro's unit sues Alphabet for $568 million
Economic Times
·
11m ago
Medial
Polish ecommerce platform Allegro subsidiary, Ceneo, has filed a $568 million lawsuit against Google and its parent company, Alphabet, citing anti-competitive practices. Ceneo alleges that Google's preference for its own price comparison service in browser results has harmed its business activities. The lawsuit demands reimbursement for losses suffered, including interest payments, with a total claim of 2.33 billion zlotys ($568 million). Allegro's lawsuit is another example of the increasing scrutiny and legal challenges faced by tech giants over alleged anti-competitive behavior.
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Donald Trump tariffs marginally favourable for Indian smartphone exports: Crisil
Economic Times
·
7m ago
Medial
US tariffs, particularly those initiated by President Donald Trump, may slightly benefit India's smartphone exports. While U.S. tariffs on Chinese imports stand at 245%, Indian exports face a lower tariff of 26%. This could make Indian-made smartphones more competitive, despite being priced higher than Chinese ones. However, such tariffs may increase U.S. inflation and push global manufacturers to seek markets with lower tariffs, potentially impacting India's export boost in the longer term.
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TikTok bans #skinnytok after European regulators raise concerns
Economic Times
·
6m ago
Medial
TikTok has blocked search results for #SkinnyTok following pressure from European regulators over concerns of promoting unhealthy body image and extreme weight loss tactics. This move is part of TikTok's broader efforts to address issues of body image and eating disorders on the platform, using measures like machine learning and human moderation. Despite such steps, critics argue that social media platforms might prioritize user engagement over effectively moderating harmful content.
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DPIIT refers complaint against quick commerce players to Competition Commission
YourStory
·
1y ago
Medial
The Department for Promotion of Industry and Internal Trade (DPIIT) has referred a complaint lodged by the All India Consumer Products Distributors Federation (AICPDF) against quick commerce players to the Competition Commission of India (CCI). The complaint alleges anti-competitive practices and seeks an investigation into the activities of these players. The AICPDF is concerned that quick commerce platforms are creating an unfair playing field and impacting the traditional retail sector. The CCI is already examining alleged anti-competitive practices by e-commerce companies. The quick commerce market in India is currently valued at approximately $5 billion.
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Sundar Pichai returns to court to defend Google for second time in two weeks
Economic Times
·
2y ago
Medial
Google CEO Sundar Pichai has once again defended Google in court, marking his second appearance in two weeks. Pichai is testifying in a lawsuit against Google that alleges anti-competitive behavior. The case comes amid increasing scrutiny of Google and other tech giants over their dominance in the digital market. Pichai's defense is centered around Google's commitment to fair competition and innovation.
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CAIT Alleges Inaction In CCI’s Probe Against Amazon & Flipkart
Inc42
·
1y ago
Medial
- CAIT accuses CCI of mishandling investigations into alleged anti-competitive practices by Amazon and Flipkart. - Letter to finance minister highlights concerns over delays in addressing violations of India's FDI policies. - CAIT alleges that Amazon and Flipkart use proxy sellers to control inventory and dominate listings. - Ecommerce giants accused of bypassing regulations through these practices. - CAIT seeks government intervention to address the issue and ensure fair competition in the marketplace.
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NRAI to approach CCI against Zomato, Swiggy over 10-minute food delivery apps
Economic Times
·
11m ago
Medial
The National Restaurant Association of India (NRAI) plans to approach the Competition Commission of India over Zomato and Swiggy's launch of standalone apps for 10-minute food delivery, citing anti-competitive practices. NRAI alleges these apps operate like private labels, potentially shifting customers from partner restaurants to products sold directly by Zomato and Swiggy. NRAI opposes this model, fearing it undermines competition and customer transparency, and considers legal action against these practices.
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Mark Zuckerberg offered $1 billion to settle FTC antitrust case
Economic Times
·
7m ago
Medial
Mark Zuckerberg reportedly offered up to $1 billion to settle an antitrust case with the US Federal Trade Commission (FTC), which alleges Meta's acquisitions of Instagram and WhatsApp were anti-competitive. The FTC rejected the offer, demanding at least $18 billion and seeking to dismantle Meta's monopoly. Former FTC Chair Lina Khan criticized the settlement offer as inadequate. Despite the negotiations, the trial commenced, marking a critical moment for Meta amidst significant legal challenges.
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