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Google Appeals EU’s € 2.4 Billion Anti Trust Fine

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Global technology and search giant Google has appealed against the record anti trust fine of €2.4 billion levied by the European Commission. The fine was imposed on the world’s most popular internet search engine by the European Union over allegations that the company promoted its own price comparison services over competitors.

The fine is considered to be the biggest antitrust penalty levied on a company in the history of the European Commission. The decision was reached in June this year, after a 7 year long investigation into the allegations regarding Google’s anti competitive search behavior. According to the press release, the company was to end this conduct within 90 days or risk another penalty of 5% of its parent company, Alphabet’s average daily worldwide earnings.

Google’s decision for an appeal comes with just a few weeks to spare before the designated 90 days come to an end. Many media reports suggest the appeal filed with the second highest judicial body in Europe, the Luxembourg based General Court, may not issue a ruling for several years. According to a spokesperson of the European court, Google did not seek to block the regulator’s request to change its search engine to treat comparison shopping rivals equally with its own service. The company did not ask for an interim order to suspend the European Union decision as well.

As per various media reports, the company sent its proposed fix for the problem to Margrethe Vestager, the EU Competition Commissioner, at the end of August but can only be judged once the solution is in effect. The search engine giant’s appeal was emboldened by Intel‘s legal victory last week when EU’s Court of Justice sent Intel’s $ 1.3 billion antitrust fine to a lower court. The decision opened the possibility that a fine could be lowered or erased and gave tech giants the confidence to more aggressively fight the EU on antitrust issues.

Google has confirmed the appeal but has declined to comment further whereas the commission said they will defend their decision in court.

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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