Latest News
-
1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved -
Results, Dividend, Fundraise On April24: Buy Top Bank Stock Amid Rich Valuation, TP Rs 1400: Nomura -
1:4 Bonus Shares, Rs 7 Dividend: Big Update Announced; Buy The FMCG Stock? -
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals! -
Rs 2.50/Share Final Dividend: Record Date In Due Course; Buy The ITC Group Stock? -
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable -
Rs 6/Share Final Dividend Declared: Buy The Blue Chip Stock To Be Eligible?
NCLAT Stays CCI Penalty On Unfair Business Practices of Google
National Company Law Appellate Tribunal (NCLAT) stayed an order of the Competition Commission that imposed a penalty of Rs 136 crore on Google for unfair business practices in online search market.
The National Company Law Appellate Tribunal (NCLAT) stayed an order of the Competition Commission of India (CCI) that imposed a penalty of Rs 136 crore on Google for unfair business practices in the online search market, reports from PTI.
The NCLAT bench headed by its Chairman, Justice S J Mukhopadhaya, while admitting the plea of search engine giant - Google, directed it to deposit 10 percent of the penalty amount within a period of four weeks.
NCLAT had scheduled the matter for further hearing on May 28.
One of the spokespeople from Google said that the "NCLAT has accepted the search engine giant's appeal for review of aspects of the CCI decision and its associated findings."
During February 2018, the Competition Commission of India had imposed a fine of Rs 136 crore on search engine giant - Google, for its unfair business practices with respect to online search in the Indian market.
The complaints were filed way back in the year 2012, passing the order the regulator mentioned that the said penalty is being imposed for infringing anti-trust conduct on Google.
The penalty amount of Rs 135.86 crore constitutes 5 percent of the company's average total revenue generated from its India operations across different business segments for the fiscal years of 2013, 2014, 2015, as per the CCI's order.
The complainants of this case are Matrimony.com and Consumer Unity & Trust Society. They had filed a case against Google LLC, Google India Pvt Ltd, and Google Ireland Ltd in 2012.
