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01-11 20:59

Maybe Indian should try Chinese smartphone makers. Samsung and Apple are premium brands that few Indian use???

India Plans to Require Smartphone Makers to Share Source Code with Government, Faces Opposition from Apple and Samsung

2025-11-27

Just interesting to see how things unfold

Apple Contests India's Antitrust Penalty Law with Risk of $38 Billion Fine, Filing Shows

2025-02-27

Hope it's not another apple car or apple glass.

Sorry, the original content has been removed

Go to Tiger App to see more news

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Samsung and Apple are premium brands that few Indian use???","listText":"Maybe Indian should try Chinese smartphone makers. Samsung and Apple are premium brands that few Indian use???","text":"Maybe Indian should try Chinese smartphone makers. Samsung and Apple are premium brands that few Indian use???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/520606018958096","repostId":"1165457124","repostType":2,"repost":{"id":"1165457124","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1768121494,"share":"https://ttm.financial/m/news/1165457124?lang=en_US&edition=fundamental","pubTime":"2026-01-11 16:51","market":"other","language":"en","title":"India Plans to Require Smartphone Makers to Share Source Code with Government, Faces Opposition from Apple and Samsung","url":"https://stock-news.laohu8.com/highlight/detail?id=1165457124","media":"Deep News","summary":"India is planning to introduce a series of security measures that would require smartphone manufacturers to share their source code with the government and make multiple software modifications, a...","content":"<p>India is planning to introduce a series of security measures that would require smartphone manufacturers to share their source code with the government and make multiple software modifications, a move that has drawn private opposition from tech giants such as Apple and Samsung.</p>\n<p>According to four individuals familiar with the matter, along with a review of confidential government and industry documents, these measures include 83 security standards, which also mandate that companies must notify the government before rolling out major software updates.</p>\n<p>The technology companies have countered that these security standards are unprecedented globally and pose a risk of exposing proprietary corporate information.</p>\n<p>India is the world's second-largest smartphone market, with nearly 750 million mobile devices in use. In recent years, the country has experienced frequent incidents of online fraud and data breaches. Prime Minister Narendra Modi is promoting this initiative with the aim of enhancing user data security.</p>\n<p>S. Krishnan, Secretary of the Ministry of Electronics and Information Technology, stated that \"the government will address the industry's legitimate concerns with an open mind,\" adding that \"it is premature to overinterpret the situation at this stage.\" A spokesperson for the ministry declined to comment further, citing ongoing consultations with technology companies regarding the proposals.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>India Plans to Require Smartphone Makers to Share Source Code with Government, Faces Opposition from Apple and Samsung</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndia Plans to Require Smartphone Makers to Share Source Code with Government, Faces Opposition from Apple and Samsung\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-01-11 16:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>India is planning to introduce a series of security measures that would require smartphone manufacturers to share their source code with the government and make multiple software modifications, a move that has drawn private opposition from tech giants such as Apple and Samsung.</p>\n<p>According to four individuals familiar with the matter, along with a review of confidential government and industry documents, these measures include 83 security standards, which also mandate that companies must notify the government before rolling out major software updates.</p>\n<p>The technology companies have countered that these security standards are unprecedented globally and pose a risk of exposing proprietary corporate information.</p>\n<p>India is the world's second-largest smartphone market, with nearly 750 million mobile devices in use. In recent years, the country has experienced frequent incidents of online fraud and data breaches. Prime Minister Narendra Modi is promoting this initiative with the aim of enhancing user data security.</p>\n<p>S. Krishnan, Secretary of the Ministry of Electronics and Information Technology, stated that \"the government will address the industry's legitimate concerns with an open mind,\" adding that \"it is premature to overinterpret the situation at this stage.\" A spokesperson for the ministry declined to comment further, citing ongoing consultations with technology companies regarding the proposals.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - 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In recent years, the country has experienced frequent incidents of online fraud and data breaches. Prime Minister Narendra Modi is promoting this initiative with the aim of enhancing user data security.\nS. Krishnan, Secretary of the Ministry of Electronics and Information Technology, stated that \"the government will address the industry's legitimate concerns with an open mind,\" adding that \"it is premature to overinterpret the situation at this stage.\" A spokesperson for the ministry declined to comment further, citing ongoing consultations with technology companies regarding the proposals.","news_type":1,"symbols_score_info":{"005930":1,"AAPL":1,"MACW.SI":1}},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":504525578330392,"gmtCreate":1764202306335,"gmtModify":1764208673954,"author":{"id":"3568323066145491","authorId":"3568323066145491","name":"GenieYap","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568323066145491","idStr":"3568323066145491"},"themes":[],"title":"","htmlText":"Just interesting to see how things unfold","listText":"Just interesting to see how things unfold","text":"Just interesting to see how things unfold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/504525578330392","repostId":"2586299332","repostType":2,"repost":{"id":"2586299332","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1764207255,"share":"https://ttm.financial/m/news/2586299332?lang=en_US&edition=fundamental","pubTime":"2025-11-27 09:34","market":"us","language":"en","title":"Apple Contests India's Antitrust Penalty Law with Risk of $38 Billion Fine, Filing Shows","url":"https://stock-news.laohu8.com/highlight/detail?id=2586299332","media":"Reuters","summary":"RPT-Apple contests India's antitrust penalty law with risk of $38 billion fine, filing showsRepeats Wednesday's story with no changes to textApple locked in antitrust battles in India, globallyCompany challenges penalty rules in IndiaMatch pushes for high penalty, document showsBy Aditya Kalra and Arpan  Chaturvedi","content":"<html><head></head><body><ul style=\"\"><li><p>Apple locked in antitrust battles in India, globally</p></li><li><p>Company challenges penalty rules in India</p></li><li><p>Match pushes for high penalty, document shows</p></li></ul><p>Apple is challenging India&#39;s new antitrust penalty law under which the U.S. company could potentially face a fine of up to $38 billion, a court filing at the Delhi High Court, seen by Reuters, shows.</p><p>The challenge is the first against India&#39;s antitrust penalty law that since last year allows the Competition Commission of India <a href=\"https://laohu8.com/S/CCI\">$(CCI)$</a> to use global turnover when calculating the penalties it imposes on companies for abusing their market dominance.</p><p>Since 2022, Tinder-owner Match MTCH.O and Indian startups have been locked in an antitrust battle with Apple at the CCI, where investigators last year issued a report saying the U.S. smartphone company had engaged in &#34;abusive conduct&#34; on the apps market of its iPhone Operating System, iOS.</p><p>Apple denied all wrongdoing, and the CCI is yet to make a final decision in the case, including about any penalty.</p><p>The company is asking judges to declare as illegal the 2024 law that allowed the CCI to use global turnover, not just that in India, when calculating penalties, according to its 545-page court filing, which is not public.</p><p>Apple&#39;s &#34;maximum penalty exposure&#34; at the rate of 10% of its average global turnover derived from all of its services globally for three fiscal years to 2024 could be around $38 billion, it said in the filing.</p><p>Such a &#34;penalty based on global turnover...would be manifestly arbitrary, unconstitutional, grossly disproportionate, unjust,&#34; it added.</p><p>Apple and the CCI did not respond to requests for comment.</p><p>Companies also risk fines of as much as 10% of their global turnover for antitrust violations in the European Union.</p><p>RETROSPECTIVE IMPOSITION</p><p>Apple cited the CCI&#39;s use of the new rules for the first time on November 10 in an unrelated case, where they were retrospectively applied to a violation by the affected company a decade earlier.</p><p>Apple has &#34;no choice but to bring this constitutional challenge now to avoid retrospective imposition of penalty against them,&#34; it argued.</p><p>The company has maintained it is a small player compared to Google&#39;s Android, which is the dominant player in the Indian market.</p><p>Apple&#39;s smartphone base has, however, become four times larger in the last five years in India, according to Counterpoint Research.</p><p>APPLE CITES STATIONERY, TOYS EXAMPLE</p><p>The CCI found last year that Apple was not permitting any third-party payment processor to provide services for in-app purchases, where the fee could be up to 30%.</p><p>In a private submission to the CCI, reported by Reuters in October, Apple opponent Match argued a fine based on global turnover could &#34;act as a significant deterrent against recidivism&#34;.</p><p>In its court filing, Apple argued India should only impose a penalty based on the Indian revenue of the specific unit which violates antitrust law, giving an example of a toy seller running a stationery business.</p><p>It would be arbitrary and disproportionate to levy a penalty on the stationery business&#39;s total turnover of 20,000 rupees, when the contravention is only in relation to the toy business that earns 100 rupees, it said.</p><p>Apple&#39;s plea will be heard on December 3.</p><p>&#34;Amended law is clear that CCI can consider global turnover,&#34; said Gautam Shahi, a competition law partner at Indian law firm Dua Associates. &#34;It will be difficult to convince the court to interfere with clearly laid down legislative policy.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Contests India's Antitrust Penalty Law with Risk of $38 Billion Fine, Filing Shows</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Contests India's Antitrust Penalty Law with Risk of $38 Billion Fine, Filing Shows\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-27 09:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Apple locked in antitrust battles in India, globally</p></li><li><p>Company challenges penalty rules in India</p></li><li><p>Match pushes for high penalty, document shows</p></li></ul><p>Apple is challenging India&#39;s new antitrust penalty law under which the U.S. company could potentially face a fine of up to $38 billion, a court filing at the Delhi High Court, seen by Reuters, shows.</p><p>The challenge is the first against India&#39;s antitrust penalty law that since last year allows the Competition Commission of India <a href=\"https://laohu8.com/S/CCI\">$(CCI)$</a> to use global turnover when calculating the penalties it imposes on companies for abusing their market dominance.</p><p>Since 2022, Tinder-owner Match MTCH.O and Indian startups have been locked in an antitrust battle with Apple at the CCI, where investigators last year issued a report saying the U.S. smartphone company had engaged in &#34;abusive conduct&#34; on the apps market of its iPhone Operating System, iOS.</p><p>Apple denied all wrongdoing, and the CCI is yet to make a final decision in the case, including about any penalty.</p><p>The company is asking judges to declare as illegal the 2024 law that allowed the CCI to use global turnover, not just that in India, when calculating penalties, according to its 545-page court filing, which is not public.</p><p>Apple&#39;s &#34;maximum penalty exposure&#34; at the rate of 10% of its average global turnover derived from all of its services globally for three fiscal years to 2024 could be around $38 billion, it said in the filing.</p><p>Such a &#34;penalty based on global turnover...would be manifestly arbitrary, unconstitutional, grossly disproportionate, unjust,&#34; it added.</p><p>Apple and the CCI did not respond to requests for comment.</p><p>Companies also risk fines of as much as 10% of their global turnover for antitrust violations in the European Union.</p><p>RETROSPECTIVE IMPOSITION</p><p>Apple cited the CCI&#39;s use of the new rules for the first time on November 10 in an unrelated case, where they were retrospectively applied to a violation by the affected company a decade earlier.</p><p>Apple has &#34;no choice but to bring this constitutional challenge now to avoid retrospective imposition of penalty against them,&#34; it argued.</p><p>The company has maintained it is a small player compared to Google&#39;s Android, which is the dominant player in the Indian market.</p><p>Apple&#39;s smartphone base has, however, become four times larger in the last five years in India, according to Counterpoint Research.</p><p>APPLE CITES STATIONERY, TOYS EXAMPLE</p><p>The CCI found last year that Apple was not permitting any third-party payment processor to provide services for in-app purchases, where the fee could be up to 30%.</p><p>In a private submission to the CCI, reported by Reuters in October, Apple opponent Match argued a fine based on global turnover could &#34;act as a significant deterrent against recidivism&#34;.</p><p>In its court filing, Apple argued India should only impose a penalty based on the Indian revenue of the specific unit which violates antitrust law, giving an example of a toy seller running a stationery business.</p><p>It would be arbitrary and disproportionate to levy a penalty on the stationery business&#39;s total turnover of 20,000 rupees, when the contravention is only in relation to the toy business that earns 100 rupees, it said.</p><p>Apple&#39;s plea will be heard on December 3.</p><p>&#34;Amended law is clear that CCI can consider global turnover,&#34; said Gautam Shahi, a competition law partner at Indian law firm Dua Associates. &#34;It will be difficult to convince the court to interfere with clearly laid down legislative policy.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU1935042215.USD":"MANULIFE GF 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law that since last year allows the Competition Commission of India $(CCI)$ to use global turnover when calculating the penalties it imposes on companies for abusing their market dominance.Since 2022, Tinder-owner Match MTCH.O and Indian startups have been locked in an antitrust battle with Apple at the CCI, where investigators last year issued a report saying the U.S. smartphone company had engaged in \"abusive conduct\" on the apps market of its iPhone Operating System, iOS.Apple denied all wrongdoing, and the CCI is yet to make a final decision in the case, including about any penalty.The company is asking judges to declare as illegal the 2024 law that allowed the CCI to use global turnover, not just that in India, when calculating penalties, according to its 545-page court filing, which is not public.Apple's \"maximum penalty exposure\" at the rate of 10% of its average global turnover derived from all of its services globally for three fiscal years to 2024 could be around $38 billion, it said in the filing.Such a \"penalty based on global turnover...would be manifestly arbitrary, unconstitutional, grossly disproportionate, unjust,\" it added.Apple and the CCI did not respond to requests for comment.Companies also risk fines of as much as 10% of their global turnover for antitrust violations in the European Union.RETROSPECTIVE IMPOSITIONApple cited the CCI's use of the new rules for the first time on November 10 in an unrelated case, where they were retrospectively applied to a violation by the affected company a decade earlier.Apple has \"no choice but to bring this constitutional challenge now to avoid retrospective imposition of penalty against them,\" it argued.The company has maintained it is a small player compared to Google's Android, which is the dominant player in the Indian market.Apple's smartphone base has, however, become four times larger in the last five years in India, according to Counterpoint Research.APPLE CITES STATIONERY, TOYS EXAMPLEThe CCI found last year that Apple was not permitting any third-party payment processor to provide services for in-app purchases, where the fee could be up to 30%.In a private submission to the CCI, reported by Reuters in October, Apple opponent Match argued a fine based on global turnover could \"act as a significant deterrent against recidivism\".In its court filing, Apple argued India should only impose a penalty based on the Indian revenue of the specific unit which violates antitrust law, giving an example of a toy seller running a stationery business.It would be arbitrary and disproportionate to levy a penalty on the stationery business's total turnover of 20,000 rupees, when the contravention is only in relation to the toy business that earns 100 rupees, it said.Apple's plea will be heard on December 3.\"Amended law is clear that CCI can consider global turnover,\" said Gautam Shahi, a competition law partner at Indian law firm Dua Associates. \"It will be difficult to convince the court to interfere with clearly laid down legislative policy.\"","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":408143849382232,"gmtCreate":1740665142088,"gmtModify":1740665251395,"author":{"id":"3568323066145491","authorId":"3568323066145491","name":"GenieYap","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568323066145491","idStr":"3568323066145491"},"themes":[],"htmlText":"Hope it's not another apple car or apple glass.","listText":"Hope it's not another apple car or apple glass.","text":"Hope it's not another apple car or apple glass.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/408143849382232","repostId":"2514842865","repostType":2,"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":520606018958096,"gmtCreate":1768136342508,"gmtModify":1768141566160,"author":{"id":"3568323066145491","authorId":"3568323066145491","name":"GenieYap","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568323066145491","idStr":"3568323066145491"},"themes":[],"title":"","htmlText":"Maybe Indian should try Chinese smartphone makers. Samsung and Apple are premium brands that few Indian use???","listText":"Maybe Indian should try Chinese smartphone makers. Samsung and Apple are premium brands that few Indian use???","text":"Maybe Indian should try Chinese smartphone makers. Samsung and Apple are premium brands that few Indian use???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/520606018958096","repostId":"1165457124","repostType":2,"repost":{"id":"1165457124","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1768121494,"share":"https://ttm.financial/m/news/1165457124?lang=en_US&edition=fundamental","pubTime":"2026-01-11 16:51","market":"other","language":"en","title":"India Plans to Require Smartphone Makers to Share Source Code with Government, Faces Opposition from Apple and Samsung","url":"https://stock-news.laohu8.com/highlight/detail?id=1165457124","media":"Deep News","summary":"India is planning to introduce a series of security measures that would require smartphone manufacturers to share their source code with the government and make multiple software modifications, a...","content":"<p>India is planning to introduce a series of security measures that would require smartphone manufacturers to share their source code with the government and make multiple software modifications, a move that has drawn private opposition from tech giants such as Apple and Samsung.</p>\n<p>According to four individuals familiar with the matter, along with a review of confidential government and industry documents, these measures include 83 security standards, which also mandate that companies must notify the government before rolling out major software updates.</p>\n<p>The technology companies have countered that these security standards are unprecedented globally and pose a risk of exposing proprietary corporate information.</p>\n<p>India is the world's second-largest smartphone market, with nearly 750 million mobile devices in use. In recent years, the country has experienced frequent incidents of online fraud and data breaches. Prime Minister Narendra Modi is promoting this initiative with the aim of enhancing user data security.</p>\n<p>S. Krishnan, Secretary of the Ministry of Electronics and Information Technology, stated that \"the government will address the industry's legitimate concerns with an open mind,\" adding that \"it is premature to overinterpret the situation at this stage.\" A spokesperson for the ministry declined to comment further, citing ongoing consultations with technology companies regarding the proposals.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>India Plans to Require Smartphone Makers to Share Source Code with Government, Faces Opposition from Apple and Samsung</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndia Plans to Require Smartphone Makers to Share Source Code with Government, Faces Opposition from Apple and Samsung\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-01-11 16:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>India is planning to introduce a series of security measures that would require smartphone manufacturers to share their source code with the government and make multiple software modifications, a move that has drawn private opposition from tech giants such as Apple and Samsung.</p>\n<p>According to four individuals familiar with the matter, along with a review of confidential government and industry documents, these measures include 83 security standards, which also mandate that companies must notify the government before rolling out major software updates.</p>\n<p>The technology companies have countered that these security standards are unprecedented globally and pose a risk of exposing proprietary corporate information.</p>\n<p>India is the world's second-largest smartphone market, with nearly 750 million mobile devices in use. In recent years, the country has experienced frequent incidents of online fraud and data breaches. Prime Minister Narendra Modi is promoting this initiative with the aim of enhancing user data security.</p>\n<p>S. Krishnan, Secretary of the Ministry of Electronics and Information Technology, stated that \"the government will address the industry's legitimate concerns with an open mind,\" adding that \"it is premature to overinterpret the situation at this stage.\" A spokesperson for the ministry declined to comment further, citing ongoing consultations with technology companies regarding the proposals.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - 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In recent years, the country has experienced frequent incidents of online fraud and data breaches. Prime Minister Narendra Modi is promoting this initiative with the aim of enhancing user data security.\nS. Krishnan, Secretary of the Ministry of Electronics and Information Technology, stated that \"the government will address the industry's legitimate concerns with an open mind,\" adding that \"it is premature to overinterpret the situation at this stage.\" A spokesperson for the ministry declined to comment further, citing ongoing consultations with technology companies regarding the proposals.","news_type":1,"symbols_score_info":{"005930":1,"AAPL":1,"MACW.SI":1}},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":408143849382232,"gmtCreate":1740665142088,"gmtModify":1740665251395,"author":{"id":"3568323066145491","authorId":"3568323066145491","name":"GenieYap","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568323066145491","idStr":"3568323066145491"},"themes":[],"htmlText":"Hope it's not another apple car or apple glass.","listText":"Hope it's not another apple car or apple glass.","text":"Hope it's not another apple car or apple glass.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/408143849382232","repostId":"2514842865","repostType":2,"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":504525578330392,"gmtCreate":1764202306335,"gmtModify":1764208673954,"author":{"id":"3568323066145491","authorId":"3568323066145491","name":"GenieYap","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3568323066145491","idStr":"3568323066145491"},"themes":[],"title":"","htmlText":"Just interesting to see how things unfold","listText":"Just interesting to see how things unfold","text":"Just interesting to see how things unfold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/504525578330392","repostId":"2586299332","repostType":2,"repost":{"id":"2586299332","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1764207255,"share":"https://ttm.financial/m/news/2586299332?lang=en_US&edition=fundamental","pubTime":"2025-11-27 09:34","market":"us","language":"en","title":"Apple Contests India's Antitrust Penalty Law with Risk of $38 Billion Fine, Filing Shows","url":"https://stock-news.laohu8.com/highlight/detail?id=2586299332","media":"Reuters","summary":"RPT-Apple contests India's antitrust penalty law with risk of $38 billion fine, filing showsRepeats Wednesday's story with no changes to textApple locked in antitrust battles in India, globallyCompany challenges penalty rules in IndiaMatch pushes for high penalty, document showsBy Aditya Kalra and Arpan  Chaturvedi","content":"<html><head></head><body><ul style=\"\"><li><p>Apple locked in antitrust battles in India, globally</p></li><li><p>Company challenges penalty rules in India</p></li><li><p>Match pushes for high penalty, document shows</p></li></ul><p>Apple is challenging India&#39;s new antitrust penalty law under which the U.S. company could potentially face a fine of up to $38 billion, a court filing at the Delhi High Court, seen by Reuters, shows.</p><p>The challenge is the first against India&#39;s antitrust penalty law that since last year allows the Competition Commission of India <a href=\"https://laohu8.com/S/CCI\">$(CCI)$</a> to use global turnover when calculating the penalties it imposes on companies for abusing their market dominance.</p><p>Since 2022, Tinder-owner Match MTCH.O and Indian startups have been locked in an antitrust battle with Apple at the CCI, where investigators last year issued a report saying the U.S. smartphone company had engaged in &#34;abusive conduct&#34; on the apps market of its iPhone Operating System, iOS.</p><p>Apple denied all wrongdoing, and the CCI is yet to make a final decision in the case, including about any penalty.</p><p>The company is asking judges to declare as illegal the 2024 law that allowed the CCI to use global turnover, not just that in India, when calculating penalties, according to its 545-page court filing, which is not public.</p><p>Apple&#39;s &#34;maximum penalty exposure&#34; at the rate of 10% of its average global turnover derived from all of its services globally for three fiscal years to 2024 could be around $38 billion, it said in the filing.</p><p>Such a &#34;penalty based on global turnover...would be manifestly arbitrary, unconstitutional, grossly disproportionate, unjust,&#34; it added.</p><p>Apple and the CCI did not respond to requests for comment.</p><p>Companies also risk fines of as much as 10% of their global turnover for antitrust violations in the European Union.</p><p>RETROSPECTIVE IMPOSITION</p><p>Apple cited the CCI&#39;s use of the new rules for the first time on November 10 in an unrelated case, where they were retrospectively applied to a violation by the affected company a decade earlier.</p><p>Apple has &#34;no choice but to bring this constitutional challenge now to avoid retrospective imposition of penalty against them,&#34; it argued.</p><p>The company has maintained it is a small player compared to Google&#39;s Android, which is the dominant player in the Indian market.</p><p>Apple&#39;s smartphone base has, however, become four times larger in the last five years in India, according to Counterpoint Research.</p><p>APPLE CITES STATIONERY, TOYS EXAMPLE</p><p>The CCI found last year that Apple was not permitting any third-party payment processor to provide services for in-app purchases, where the fee could be up to 30%.</p><p>In a private submission to the CCI, reported by Reuters in October, Apple opponent Match argued a fine based on global turnover could &#34;act as a significant deterrent against recidivism&#34;.</p><p>In its court filing, Apple argued India should only impose a penalty based on the Indian revenue of the specific unit which violates antitrust law, giving an example of a toy seller running a stationery business.</p><p>It would be arbitrary and disproportionate to levy a penalty on the stationery business&#39;s total turnover of 20,000 rupees, when the contravention is only in relation to the toy business that earns 100 rupees, it said.</p><p>Apple&#39;s plea will be heard on December 3.</p><p>&#34;Amended law is clear that CCI can consider global turnover,&#34; said Gautam Shahi, a competition law partner at Indian law firm Dua Associates. &#34;It will be difficult to convince the court to interfere with clearly laid down legislative policy.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Contests India's Antitrust Penalty Law with Risk of $38 Billion Fine, Filing Shows</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Contests India's Antitrust Penalty Law with Risk of $38 Billion Fine, Filing Shows\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-27 09:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Apple locked in antitrust battles in India, globally</p></li><li><p>Company challenges penalty rules in India</p></li><li><p>Match pushes for high penalty, document shows</p></li></ul><p>Apple is challenging India&#39;s new antitrust penalty law under which the U.S. company could potentially face a fine of up to $38 billion, a court filing at the Delhi High Court, seen by Reuters, shows.</p><p>The challenge is the first against India&#39;s antitrust penalty law that since last year allows the Competition Commission of India <a href=\"https://laohu8.com/S/CCI\">$(CCI)$</a> to use global turnover when calculating the penalties it imposes on companies for abusing their market dominance.</p><p>Since 2022, Tinder-owner Match MTCH.O and Indian startups have been locked in an antitrust battle with Apple at the CCI, where investigators last year issued a report saying the U.S. smartphone company had engaged in &#34;abusive conduct&#34; on the apps market of its iPhone Operating System, iOS.</p><p>Apple denied all wrongdoing, and the CCI is yet to make a final decision in the case, including about any penalty.</p><p>The company is asking judges to declare as illegal the 2024 law that allowed the CCI to use global turnover, not just that in India, when calculating penalties, according to its 545-page court filing, which is not public.</p><p>Apple&#39;s &#34;maximum penalty exposure&#34; at the rate of 10% of its average global turnover derived from all of its services globally for three fiscal years to 2024 could be around $38 billion, it said in the filing.</p><p>Such a &#34;penalty based on global turnover...would be manifestly arbitrary, unconstitutional, grossly disproportionate, unjust,&#34; it added.</p><p>Apple and the CCI did not respond to requests for comment.</p><p>Companies also risk fines of as much as 10% of their global turnover for antitrust violations in the European Union.</p><p>RETROSPECTIVE IMPOSITION</p><p>Apple cited the CCI&#39;s use of the new rules for the first time on November 10 in an unrelated case, where they were retrospectively applied to a violation by the affected company a decade earlier.</p><p>Apple has &#34;no choice but to bring this constitutional challenge now to avoid retrospective imposition of penalty against them,&#34; it argued.</p><p>The company has maintained it is a small player compared to Google&#39;s Android, which is the dominant player in the Indian market.</p><p>Apple&#39;s smartphone base has, however, become four times larger in the last five years in India, according to Counterpoint Research.</p><p>APPLE CITES STATIONERY, TOYS EXAMPLE</p><p>The CCI found last year that Apple was not permitting any third-party payment processor to provide services for in-app purchases, where the fee could be up to 30%.</p><p>In a private submission to the CCI, reported by Reuters in October, Apple opponent Match argued a fine based on global turnover could &#34;act as a significant deterrent against recidivism&#34;.</p><p>In its court filing, Apple argued India should only impose a penalty based on the Indian revenue of the specific unit which violates antitrust law, giving an example of a toy seller running a stationery business.</p><p>It would be arbitrary and disproportionate to levy a penalty on the stationery business&#39;s total turnover of 20,000 rupees, when the contravention is only in relation to the toy business that earns 100 rupees, it said.</p><p>Apple&#39;s plea will be heard on December 3.</p><p>&#34;Amended law is clear that CCI can consider global turnover,&#34; said Gautam Shahi, a competition law partner at Indian law firm Dua Associates. &#34;It will be difficult to convince the court to interfere with clearly laid down legislative policy.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" 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USD"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251127:nL6N3X2101:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2586299332","content_text":"Apple locked in antitrust battles in India, globallyCompany challenges penalty rules in IndiaMatch pushes for high penalty, document showsApple is challenging India's new antitrust penalty law under which the U.S. company could potentially face a fine of up to $38 billion, a court filing at the Delhi High Court, seen by Reuters, shows.The challenge is the first against India's antitrust penalty law that since last year allows the Competition Commission of India $(CCI)$ to use global turnover when calculating the penalties it imposes on companies for abusing their market dominance.Since 2022, Tinder-owner Match MTCH.O and Indian startups have been locked in an antitrust battle with Apple at the CCI, where investigators last year issued a report saying the U.S. smartphone company had engaged in \"abusive conduct\" on the apps market of its iPhone Operating System, iOS.Apple denied all wrongdoing, and the CCI is yet to make a final decision in the case, including about any penalty.The company is asking judges to declare as illegal the 2024 law that allowed the CCI to use global turnover, not just that in India, when calculating penalties, according to its 545-page court filing, which is not public.Apple's \"maximum penalty exposure\" at the rate of 10% of its average global turnover derived from all of its services globally for three fiscal years to 2024 could be around $38 billion, it said in the filing.Such a \"penalty based on global turnover...would be manifestly arbitrary, unconstitutional, grossly disproportionate, unjust,\" it added.Apple and the CCI did not respond to requests for comment.Companies also risk fines of as much as 10% of their global turnover for antitrust violations in the European Union.RETROSPECTIVE IMPOSITIONApple cited the CCI's use of the new rules for the first time on November 10 in an unrelated case, where they were retrospectively applied to a violation by the affected company a decade earlier.Apple has \"no choice but to bring this constitutional challenge now to avoid retrospective imposition of penalty against them,\" it argued.The company has maintained it is a small player compared to Google's Android, which is the dominant player in the Indian market.Apple's smartphone base has, however, become four times larger in the last five years in India, according to Counterpoint Research.APPLE CITES STATIONERY, TOYS EXAMPLEThe CCI found last year that Apple was not permitting any third-party payment processor to provide services for in-app purchases, where the fee could be up to 30%.In a private submission to the CCI, reported by Reuters in October, Apple opponent Match argued a fine based on global turnover could \"act as a significant deterrent against recidivism\".In its court filing, Apple argued India should only impose a penalty based on the Indian revenue of the specific unit which violates antitrust law, giving an example of a toy seller running a stationery business.It would be arbitrary and disproportionate to levy a penalty on the stationery business's total turnover of 20,000 rupees, when the contravention is only in relation to the toy business that earns 100 rupees, it said.Apple's plea will be heard on December 3.\"Amended law is clear that CCI can consider global turnover,\" said Gautam Shahi, a competition law partner at Indian law firm Dua Associates. \"It will be difficult to convince the court to interfere with clearly laid down legislative policy.\"","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}