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Google Fined Record €2.4 billion By European Union

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Google has been fined a record breaking €2.4 billion by the European Union for breaching EU’s antitrust rules. In a press release, the European Commission said they fined Google for abusing their dominant position as a search engine and systematically favoring its own services.

The decision is the largest antitrust judgment handed out by the executive body of EU after a seven year long investigation. This fine beats the €1 billion penalty given to Intel in 2009 for anti competitive practices. The press release also states the company must now end this conduct within 90 days or it could be forced to make payments of 5% of Alphabet, its parent company’s, average daily worldwide earnings. The penalty would amount to around $14 million per day.

According to the judgment, Google demoted rival comparison shopping services in its search results and gave prominence to its own shopping services. As a result of this anti competitive behavior, Google’s shopping services is much more visible to consumers while the rivals services appear further down.
Competition Commissioner Margrethe Vestager said in a statement that while Google has come up with many innovative products and services, their strategy for comparison shopping service was an abuse of their dominance. A spokesperson for the firm said in response to the ruling, they respectfully disagree with the conclusion and will review the commission’s decisions in an appeal.

The decision made by the European Union in particular orders Google to comply with the simple principle of giving equal treatment to rival comparison shopping services and its own service. It is now Google’s sole responsibility to ensure compliance and explain how it tends to do so by keeping the Commission’s informed of its actions.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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