Indian regulator rejects Apple request to put antitrust report on hold

Indian regulator rejects Apple request to put antitrust report on hold


Apple’s first physical retail store is located in the populous city of Mumbai.

Punit Paranjpe | Afp | Getty Images

India’s antitrust body has turned down a request from Apple to put a hold on an investigation report which found the company breached competition laws, allowing the case to continue, an internal order from the regulator seen by Reuters showed.

The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match. These elements should have been redacted.

The CCI had asked parties to return the reports and destroy any copies. The regulator then issued new reports.

The CCI internal order showed that Apple alleged in November that the main complainant in the antitrust investigation—the Indian non-profit Together We Fight Society (TWFS)—had not complied with the directives to give an assurance that the old investigation reports had been destroyed.

Apple asked the CCI “to take action against TWFS for non-compliance with its order” and “to withhold the revised” report, the CCI order, dated Nov. 13, seen by Reuters showed.

“Apple’s request to hold the investigation report in abeyance was deemed untenable,” the CCI said in the order.

Apple did not respond to Reuters queries.

The CCI did not respond outside regular business hours on Sunday. Calls to representatives of TWFS went unanswered.

A CCI investigation had found that Apple exploited its dominant position in the market for app stores on its iOS operating system to the detriment of app developers, users and other payment processors.
Apple has denied wrongdoing and said it is a small player in India where phones that use Google’s Android system are dominant.

The CCI internal order also showed that Apple has been asked to submit its audited financial statements for fiscal years 2021-22, 2022-23 and 2023-24 under regulatory guidelines aimed at determining possible monetary penalties in the case.

The CCI’s senior officials will review the investigation report and make a final ruling on the case.



Source

The number of ‘tariff’ mentions soar past ‘AI’ on earnings calls as Trump’s trade fight alters outlook
World

The number of ‘tariff’ mentions soar past ‘AI’ on earnings calls as Trump’s trade fight alters outlook

Move over artificial intelligence. There’s a new hot topic on corporate earnings calls in 2025: tariffs. The word “tariffs” has come up on more than 350 earnings calls of S & P 500 -listed companies reporting first quarter results, according to a CNBC analysis of call transcripts compiled by AlphaSense. By contrast, the term “AI” […]

Read More
First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports
World

First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports

Container ships sit docked at the Port of Los Angeles on May 06, 2025 in San Pedro, California. Justin Sullivan | Getty Images News | Getty Images The first shipping containers carrying Chinese products that are subject to President Donald Trump’s 145% tariffs have begun arriving in U.S. ports. Seven ships carrying upward of 12,000 […]

Read More
This consumer products stock is rushing to leave China and Wall Street is betting it can pull it off
World

This consumer products stock is rushing to leave China and Wall Street is betting it can pull it off

Wall Street is optimistic SharkNinja will be able to move its sourcing completely out of China. The company, which manufactures appliances such as vacuums and the Ninja Creami ice cream maker, rallied nearly 13% on Thursday following a first-quarter earnings beat. SharkNinja raised its guidance for its fiscal-year earnings, revenue growth and adjusted EBITDA estimates. […]

Read More