financetom
Business
financetom
/
Business
/
Update: Market Chatter: Google Probed by India Watchdog Over Play Store Policies
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Market Chatter: Google Probed by India Watchdog Over Play Store Policies
Nov 29, 2024 5:39 AM

08:11 AM EST, 11/29/2024 (MT Newswires) -- (Updates with Google ( GOOG ) comment in the fifth paragraph.)

Alphabet's (GOOG, GOOGL) Google ( GOOG ) became the target of an investigation by India's antitrust regulator over complaints by an online money gaming platform that its app store pursues discriminatory policies, Reuters reported Thursday, citing an internal document.

The company, WinZO, approached the Competition Commission of India in 2022 after being removed from Google's ( GOOG ) Play Store, even while it purportedly accepted some of its competitors, Reuters reported.

"Google ( GOOG ) effectively creates a two-tier market where some developers are accorded superior access and visibility while others are discriminated against and thus, left with a competitive disadvantage," the commission's order said, according to Reuters.

The investigation is expected to close within 60 days, the report said.

Google ( GOOG ) told MT Newswires that its advertising tools support websites and apps while helping businesses reach new customers, adding that the complaint overlooks the competitive nature of the advertising sector, where buyers and sellers have many options. The company also said it looks forward to presenting its case in court.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sprinklr Insider Sold Shares Worth $2,851,497, According to a Recent SEC Filing
Sprinklr Insider Sold Shares Worth $2,851,497, According to a Recent SEC Filing
Oct 9, 2025
03:13 AM EDT, 10/09/2025 (MT Newswires) -- Neeraj Agrawal, Director, on October 06, 2025, sold 374,479 shares in Sprinklr ( CXM ) for $2,851,497. Following the Form 4 filing with the SEC, Agrawal has control over a total of 3,259,721 Class A common shares of the company, with 663,143 shares held directly and 2,596,578 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1569345/000153280925000008/xslF345X05/form4-10082025_111003.xml ...
Serbia's Russian-owned oil firm NIS faces US sanctions as waiver expires
Serbia's Russian-owned oil firm NIS faces US sanctions as waiver expires
Oct 8, 2025
* US sanctions on NIS part of broader isolation of Russian energy assets * JANAF granted temporary license to transport crude to Serbia * NIS collaborates with partners to mitigate impact of sanctions (Adds oil stocks, background and comments throughout) ATHENS, Oct 9 (Reuters) - Serbia-based Russian oil company NIS said on Thursday it had failed to secure another waiver...
TSMC posts forecast-beating Q3 revenue surge on AI boom
TSMC posts forecast-beating Q3 revenue surge on AI boom
Oct 8, 2025
* Q3 revenue ahead of market forecast * Company to report full Q3 earnings on October 16 * TSMC shares have soared 34% this year (Adds details throughout) TAIPEI, Oct 9 (Reuters) - TSMC, the world's largest contract chipmaker, reported on Thursday third-quarter revenue rose 30% year-on-year, beating the market forecast, as demand for the company's products leapt on surging...
Uniqlo operator Fast Retailing posts 13% jump in annual profit, beats forecasts
Uniqlo operator Fast Retailing posts 13% jump in annual profit, beats forecasts
Oct 8, 2025
TOKYO (Reuters) -Japan's Fast Retailing ( FRCOF ), owner of global clothing brand Uniqlo, booked its fourth consecutive year of record profit on Thursday, as it withstood headwinds from U.S. tariffs. Operating profit was 564.3 billion yen ($3.69 billion) in the 12 months through August, up about 13% from 500.9 billion yen in the prior period, the apparel maker said...
Copyright 2023-2026 - www.financetom.com All Rights Reserved