Cci Probe News Today

A top US antitrust regulator on Thursday said it was probing investments made by Microsoft, Google and Amazon into generative AI startups OpenAI and Anthropic.

The inquiry, initiated in October 2022 following a complaint by the Federation of Indian Publishers, alleges that these companies, along with Dubai's Aramex and certain domestic firms, were coordinating charges and controlling customer discounts.

The watchdog had ordered detailed investigations against Google with respect to its alleged abuse of dominance in the smart television segment and in the news content space. Further, the regulator had ordered an investigation against Apple for alleged anti-competitive practices with respect to its App Store.

The US giant was fined Rs 936 crore ($113 million) by the Competition Commission of India for anti-competitive practices.

The Delhi High Court said that Facebook cannot hide the fact that it is the beneficiary of the data sharing mechanism under the 2021 privacy policy.

CCI probe: While opposed to the CCI probe against Facebook, Rohatgi further argued that there is no prima facie material available with the CCI to proceed with investigating it while conducting the investigation of WhatsApps new privacy policy.

The Delhi High Court on Thursday refused to stay the probe ordered by the Competition Commission of India (CCI) into WhatsApp's privacy policy introduced last year.

The bench said the single judge's order rejecting the tech company's challenge to the probe was well-reasoned and the appeals are devoid of merits.

The bench said that the petition is devoid of merit. In July, Facebook's parent company Meta had said that CCI’s action were intrusive in its business and that there was no material to prove it was abusing its market dominance.

Indian regulations mandate that companies raising debt appoint a so-called "debenture trustee" to protect the interests of investors.