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The article is bylined to the news agency Press Trust of India, so expect even less rigour and fact-checking than you would from the newspaper that's carrying t
by r0h1n 13y ago
The article is bylined to the news agency Press Trust of India, so expect even less rigour and fact-checking than you would from the newspaper that's carrying the report (Times of India).
While I can't comment on what the CCI will or won't do, I do find it silly the journalists think CCI can impose a fine which is a function of Google's global revenues (over which it has no jurisdiction).
Google India's revenue was around $330M last year, 10% of which will be $33M.
- linux_devil 13y agoJust to add: Google in India is Google India Pvt. Ltd.
- seshagiric 13y agoThat does not matter. The fines will apply over global revenue and not just G' revenue in India.
- ZoF 13y agoDo have a source for that, because it would make very little sense and seems highly unenforceable.
- rmbe 13y agoIndia is a sovereign country, their laws don't need to make sense. EU antitrust fines are also capped at 10% of the total turnover. http://ec.europa.eu/competition/cartels/overview/factsheet_fines_en.pdf http://ec.europa.eu/competition/cartels/overview/factsheet_f...
- r0h1n 13y agoI will grant you your first point if you can point me to a specific Indian law that says cartelization fines are a function of a multinational's global sales? As to your link on EU fines, it very clearly states that fines are a percentage of "relevant sales", defined as "usually the sales of the products covered by the infringement". I don't know how you came to the conclusion that means global sales?
- e15ctr0n 13y agoArticles by the Press Trust of India are widely syndicated by newspapers within and outside India. This wouldn't be the situation if the articles were as error-ridden as you are implying. Do you have anything to back up your claim to "expect even less rigour and fact-checking than [...] Times of India"?