10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
Tech

Google withdraws Supreme Court appeal against CCI’s INR 936 Cr penalty for Play Store policies

Google has withdrawn its appeal before the Supreme Court against a National Company Law Appellate Tribunal (NCLAT) decision, which declined to grant interim relief to the tech giant on its plea seeking a stay on the Competition Commision of India’s (CCI) INR 936.44 crore penalty on the company.

The CCI imposed the fine in October last year in an antitrust probe for Google’s abuse of its dominant position with respect to its Play Store policies. The fine was imposed for Google’s in-app payments policy on the app marketplace, Play Store. Following the CCI order, Google also said it would start allowing all Android app developers to opt for a third-party billing system for Google Play Store purchases in India starting April 26, and developers who opt to use an alternate payment method or third-party payment services, for subscriptions and paid apps, will get a 4% discount commission under the new directive.

Google had appealed against the NCLAT decision, which was scheduled to be heard by the apex court on April 17. However, the company has now withdrawn the appeal, according to BusinessLine. Of its INR 936 crore penalty, Google has already deposited 10% to NCLAT. The matter had been listed for final hearing before NCLAT on April 17.

Following the withdrawal of the appeal, policy think tank Alliance of Digital India Foundation (ADIF) requested CCI to look into the ‘abusive dominance practices’ of Google on an urgent basis. The group added that the 11-26% service fee for in-app purchases will be a death knell for the Indian startup ecosystem. The ongoing tussle between Google and CCI continues as the authorities try to prevent dominant market players from using their position to impede competition.

by Siliconluxembourg

Would-be entrepreneurs have an extra helping hand from Luxembourg’s Chamber of Commerce, which has published a new practical guide. ‘Developing your business: actions to take and mistakes to avoid’, was written to respond to  the needs and answer the common questions of entrepreneurs.  “Testimonials, practical tools, expert insights and presentations from key players in our ecosystem have been brought together to create a comprehensive toolkit that you can consult at any stage of your journey,” the introduction… Source link

by WIRED

B&H Photo is one of our favorite places to shop for camera gear. If you’re ever in New York, head to the store to check out the giant overhead conveyor belt system that brings your purchase from the upper floors to the registers downstairs (yes, seriously, here’s a video). Fortunately B&H Photo’s website is here for the rest of us with some good deals on photo gear we love. Save on the Latest Gear at B&H Photo B&H Photo has plenty of great deals, including Nikon’s brand-new Z6III full-frame… Source link

by Gizmodo

Long before Edgar Wright’s The Running Man hits theaters this week, the director of Shaun of the Dead and Hot Fuzz had been thinking about making it. He read the original 1982 novel by Stephen King (under his pseudonym Richard Bachman) as a boy and excitedly went to theaters in 1987 to see the film version, starring Arnold Schwarzenegger. Wright enjoyed the adaptation but was a little let down by just how different it was from the novel. Years later, after he’d become a successful… Source link