ANTI COMPETITIVE BEHAVIOUR
ET Wealth Expo: In uncertain markets, investors can control only consistency and quality of their inputs, says Swarup Mohanty, Mirae Asset MF
Swarup Mohanty of Mirae Asset urged investors to focus on the consistency and quality of their investment decisions rather than market movements. At the ET Wealth Expo, he stressed that financial goals should drive asset allocation, cautioned against chasing past returns and highlighted the importance of buying good businesses at reasonable valuations.
Tax matters, as does capital: Is it time for India to reconsider its LTCG tax policy on listed equities amid rising global competition?
Debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) has gained momentum, with the government recognizing its significance. With foreign portfolio investors withdrawing substantial funds from Indian equities, the impact of tax regimes on investment behavior and market liquidity warrants deeper analysis. Reforms are necessary to enhance India's competitiveness in attracting global capital.
Polish regulator suspects Google abused dominant position in publisher payment talks
The Office of Competition and Consumer Protection, known by its Polish abbreviation UOKiK, said the charges relate to how Google negotiates remuneration for displaying articles and snippets in its search results, Google News and Discover services.
AI agents take over online shopping: Ecommerce firms rethink pricing, verification
India’s ecommerce and digital platforms are preparing for a surge in personal AI agents that could increasingly make shopping decisions and transactions for consumers, forcing companies to rethink pricing, customer engagement and bot verification.
Airlines urge more competition on used jet engine parts
Global airlines are pushing jet-engine makers to make it easier for independent suppliers to sell reconditioned parts, arguing greater competition could ease shortages and maintenance costs. The call follows an EU settlement that forced Pratt & Whitney Canada to loosen restrictions on used turboprop engine parts.
FATF issues global alert on money laundering and fraud risks in gaming, gambling; publishes new risk indicators
The FATF is alerting countries about criminal abuse in gaming and gambling sectors. Criminals use gambling platforms for money laundering and smurfing transactions. Technological innovation creates complex ecosystems for regulators and law enforcement. Illegal gambling markets rival legal ones, offering anonymity to criminals. New risk indicators help identify suspicious activity and disrupt criminal abuse.
True Balance scores 100% of loan applications with AI, looks beyond credit bureaus to curb defaults
True Balance now uses AI for loan applications, retaining human review for some cases. This approach helps assess borrowers with limited credit histories effectively. The company has seen approval rates increase and defaults decrease significantly. Alternative data, like FASTag activity, supplements traditional credit scores for better profiles.
Let's know what we eat: The type of front-of-pack labels consumers actually need
As India confronts a rising tide of obesity and associated health conditions, the clarity of front-of-pack labelling is becoming crucial. Labels need to be simple and user-friendly to guide informed consumer choices. While industry feedback plays a role, it should never overshadow consumer rights.
OpenAI urges California, Delaware to investigate Musk's 'anti-competitive behaviour'
Musk sued OpenAI, its CEO Sam Altman and others in 2024, accusing them of violating OpenAI's founding mission as it restructures to a for-profit entity. Musk was a cofounder of OpenAI in 2015 but left in 2018 and launched rival xAI with its competitor chatbot Grok.
UK launches probe into dominance of Google search
The investigation might lead to Google getting the "strategic market status", subjecting it to special requirements under new UK regulations. The Competition and Markets Authority will probe if "Google is using its position to prevent innovation by others" and whether it gives preference to its own services. UK's new regulation came into force this year.
UK watchdog accuses Google of anti-competitive behaviour in digital ads business
Britain's Competition and Markets Authority said that the US company gives preference to its own services to the detriment of online publishers and advertisers in Britain's 1.8 billion pound (USD 2.4 billion) digital ad market.
AI can drive efficiency, but raises market concentration concerns: Competition Commission chief
CCI chief Ravneet Kaur highlights the dual impact of AI on efficiency, innovation, market concentration, and anti-competitive behavior. The upcoming CCI study aims to explore AI's role in competition law and its effects on market dynamics.
House panel finds Big Tech’s ad business a ‘monopolist threat’
A call to action wants govt to act early and head off anti-competitive behaviour in digital markets.
View: Facebook's monopolistic behaviour needs to be viewed through a new anti-competition lens
And this is the crux of the case being levelled by the US Federal Trade Commission (FTC), and 46 US states, against Facebook. By contrast, only 11 states are implacably opposed to Google. The certainty of their belief that Facebook has indulged in anti-competitive behaviour is only matched by the level of difficulty associated with indicting it within a framework of outdated anti-trust laws.
CCI initiates investigation against cement companies in India
ACC said it is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities.
CCI initiates investigation against ACC and Ambuja Cements for anti-competitive behaviour
ACC said it is of the firm view that it has acted and continues to act in compliance with competition laws, and we are fully cooperating with the investigation and providing all necessary information to the authorities.
4 tech cos sue Facebook for anti-competitive behaviour
Facebook was sued by four potential competitors who accuse it of anticompetitive behaviour and who asked a judge to order chief executive officer Mark Zuckerberg to give up control of the social media behemoth.
Airfare surge: Governement says no violation detected
About regional air connectivity scheme, Jayant Sinha said the bidding in this regard has been completed and the successful bidders would be announced in the next few days.
CCI may complete probe into state oil firms by October
Competition Commission of India may complete its probe into alleged cartelisation by oil marketing companies in deciding petrol prices by early October.
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