India Defends Global Turnover-Based Antitrust Fines Against Apple's Challenge
12 hours agoBusiness
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India Defends Global Turnover-Based Antitrust Fines Against Apple's Challenge

India's antitrust watchdog is defending a law that calculates fines based on a company's global turnover, arguing it deters multinational corporations. Apple is challenging this 2024 law, fearing disproportionate penalties for breaches occurring solely in India, potentially up to $38 billion. The Competition Commission of India (CCI) stated the law aligns with international practice and ensures penalties have real deterrent value in complex digital markets.

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