🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Google faces £7 billion claim on behalf of UK consumers

Economic Times

Economic Times · 1y ago

Google faces £7 billion claim on behalf of UK consumers

Google is facing a new lawsuit in Britain, which accuses the US tech giant of stifling competition in the search engine market and causing prices to rise across the UK economy, a statement said Thursday. It accuses Google of breaching competition law by shutting out mobile search competition and using its market dominance to increase the prices paid by advertisers for their prominence on the Google search page.

Related News

Google faces £5 billion UK lawsuit for abusing dominance in online search

Economic Times

Economic Times · 4m ago

Google faces £5 billion UK lawsuit for abusing dominance in online search

Alphabet's Google faces a lawsuit in the UK potentially amounting to over £5 billion ($6.64 billion), accused of abusing its dominant position in the online search market.

Microsoft faces $1.27 billion antitrust lawsuit over cloud services in UK

Livemint

Livemint · 8m ago

Microsoft faces $1.27 billion antitrust lawsuit over cloud services in UK

Microsoft is facing a £1 billion ($1.27 billion) dispute in the U.K. over allegations of unfair charging practices related to its cloud software services. The lawsuit, filed on behalf of multiple parties by Scott+Scott, claims that Microsoft is leveraging its dominance in operating systems to charge business customers more if they use rival cloud platforms in conjunction with its Windows Server. The claim argues that this approach restricts competition in the sector and forces customers towards Microsoft's own Azure cloud computing service. The case is backed by LCM Funding UK. Microsoft declined to comment.

Google wins dismissal of US consumer lawsuit over mobile search

Economic Times

Economic Times · 1y ago

Google wins dismissal of US consumer lawsuit over mobile search

A federal judge in California has dismissed an antitrust lawsuit against Google, stating that the consumers had not provided sufficient evidence to support their claim of harm caused by Google's market dominance. However, the judge mentioned that the consumers could file an amended lawsuit citing a recent ruling by a Washington, D.C. court that found Google's exclusive contracts with companies like Apple as an illegal monopoly over search engines. The ruling gives hope to the consumers, but Google has denied the allegations and plans to appeal the decision.

Judge grills US and Google on antitrust claims

Economic Times

Economic Times · 1y ago

Judge grills US and Google on antitrust claims

The closing arguments in the landmark antitrust case against Google took place, as Judge Amit P. Mehta examined both sides' arguments. The Department of Justice accused Google of illegally establishing a search monopoly, while Google defended itself by claiming that consumers use other platforms for different purposes. Judge Mehta challenged the government's claim that Google's dominance negatively affected the quality of online search. However, he also questioned Google's argument that it isn't a monopoly because consumers use other platforms for different types of searches. The judge's ruling, expected in the coming weeks or months, will set a precedent for future government challenges to the power of tech giants.

India-UK FTA signed: Whisky, EVs, cosmetics and jewellery to get cheaper — Here’s what each side gets

Economic Times

Economic Times · 1m ago

India-UK FTA signed: Whisky, EVs, cosmetics and jewellery to get cheaper — Here’s what each side gets

India and the UK have signed a Free Trade Agreement (FTA) promising duty-free access for 99% of Indian exports, including engineering goods, chemicals, and pharmaceuticals. Indian consumers will benefit from reduced tariffs on UK imports like Scotch whisky and electric vehicles. The FTA aims to boost bilateral trade by $34 billion, fostering economic cooperation with tariff cuts, enhanced mobility for professionals, and expanded market access. Additionally, the UK secures access to India's government procurement market.

BYJU'S owes ₹1,400 crore to Aakash: Report

YourStory

YourStory · 11m ago

BYJU'S owes ₹1,400 crore to Aakash: Report

Aakash Educational Services has filed a claim of around ₹1,400 crore against its parent firm BYJU'S, YourStory reported citing a document from the Insolvency and Bankruptcy Board of India. The startup acquired Aakash in 2021 for roughly $1 billion. BYJU'S, undergoing insolvency proceedings, reportedly faces claims worth $1.5 billion (around ₹12,600 crore) from 1,887 creditors.

British regulators look into Big Tech and digital wallets

Economic Times

Economic Times · 1y ago

British regulators look into Big Tech and digital wallets

The UK Financial Conduct Authority and Payments Systems Regulator are investigating the use of digital wallets by Big Tech companies, such as Apple Pay, Google Pay, and PayPal. They are examining potential concerns regarding competition, consumer protection, and market integrity. Digital wallets have become increasingly popular among UK adults and serve as an important connection between Big Tech firms and consumers. Regulators aim to understand the benefits and risks associated with digital wallets and their impact on payment options at checkout. They plan to provide an update on this issue by Q1 2025.

Amazon loses trademark appeal over 'targeting' UK shoppers

Economic Times

Economic Times · 1y ago

Amazon loses trademark appeal over 'targeting' UK shoppers

Amazon has lost its appeal against a ruling that deemed the company to have infringed UK trademarks by targeting British consumers on its US website. The ruling, issued by London's Court of Appeal in 2022, was upheld by the UK Supreme Court. This judgment is expected to have significant implications for other online retailers, requiring them to ensure that their platforms do not automatically target British consumers. The case was brought forward in 2019 by Lifestyle Equities, the owner of Beverly Hills Polo Club trademarks, accusing Amazon of selling US branded goods to UK consumers via its US website.

Shein faces investor pressure to slash valuation to $30 billion ahead London IPO: Report

Economic Times

Economic Times · 6m ago

Shein faces investor pressure to slash valuation to $30 billion ahead London IPO: Report

Online fashion retailer Shein faces pressure to lower its valuation to $30 billion before a potential London IPO, according to Bloomberg. Shareholders recommend this adjustment to ensure a successful UK public offering. Originally valued at $66 billion in 2023, Shein plans to reduce its London listing valuation to around $50 billion. Regulatory approvals in the UK and China are needed. The IPO, initially planned for early this year, might be postponed to the latter half due to regulatory changes.

1,700 Tata Steel UK employees have opted for voluntary redundancy scheme, says MD

Money Control

Money Control · 1y ago

1,700 Tata Steel UK employees have opted for voluntary redundancy scheme, says MD

Around 1,700 employees of Tata Steel's UK operations, mainly at its Port Talbot facility, have opted for voluntary redundancy. The scheme, which was opened in July, will close on August 7. Approximately 2,600 employees are expected to be laid off as Tata Steel continues to close down "heavy-end" assets at the Port Talbot site. However, around 5,000 people will continue to work for Tata Steel UK in downstream operations and other functions. The company is in talks with the UK government for further investments beyond the agreed £1.25 billion restructuring plan.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Microsoft locks down a building a ...

Gaming Ban Stumps Cricket: Virat ...

Download the medial app to read full posts, comements and news.