Monday, July 7, 2025

Creating liberating content

MUMBAI: Retail investors in India lost nearly Rs 1.06 lakh

CHENNAI: Electric vehicle penetration in three wheeler retails hit 60.2%

BENGALURU: India’s French connection is growing stronger. French IT services

MUMBAI: Sebi chief Tuhin Kanta Pandey on Monday assured investors

Related News

MUMBAI: Retail investors in India lost nearly Rs 1.06 lakh crore in the equity futures & options (F&O) segment during fiscal 2025 (FY25), a staggering 41% jump from Rs 74,812

CHENNAI: Electric vehicle penetration in three wheeler retails hit 60.2% in June 2025, up from 55.5% in the year-ago month. According to the latest auto retail data from the Federation

BENGALURU: India’s French connection is growing stronger. French IT services firm Capgemini, which has more than half of its 3.4 lakh employees in India, is acquiring one of the country’s

MUMBAI: Sebi chief Tuhin Kanta Pandey on Monday assured investors there were not many other risks in the market like the one seen recently in the event of market manipulation

MUMBAI: Tata Group has formed a committee comprising CEOs from its major operating companies to enhance safety measures across its businesses. Tata Sons chairman N Chandrasekaran stressed that safety has

M Nagaraju, secretary of department of financial services NEW DELHI: Fintech companies should go beyond urban markets and play a role in driving financial inclusion across the country by developing

Trending News

MUMBAI: Retail investors in India lost nearly Rs 1.06 lakh crore in the equity futures & options (F&O) segment during fiscal 2025 (FY25), a staggering 41% jump from Rs 74,812

BENGALURU: India’s French connection is growing stronger. French IT services firm Capgemini, which has more than half of its 3.4 lakh employees in India, is acquiring one of the country’s

MUMBAI: Sebi chief Tuhin Kanta Pandey on Monday assured investors there were not many other risks in the market like the one seen recently in the event of market manipulation

M Nagaraju, secretary of department of financial services NEW DELHI: Fintech companies should go beyond urban markets and play a role in driving financial inclusion across the country by developing

Finance Minister Nirmala Sitharaman on Sunday said Brics is a vital platform for advancing inclusive multilateralism, especially at a time when global institutions are facing a crisis of legitimacy and

Cryogenic OGS pulled off a blockbuster IPO debut, with the Rs 17.77 crore issue subscribed an eye-popping 646.47 times by the close of bidding on Monday, July 7.Retail investors drove

Apple appeals 500 million euro EU fine over App Store policies

Word Count: 283 | Estimated Reading Time: 2 minutes


Two young men stand inside a shopping mall in front of a large illuminated Apple logo seen through a window in Chongqing, China, on June 4, 2025.

Cheng Xin | Getty Images

Apple on Monday appealed what it called an “unprecedented” 500 million euro ($586 million) fine issued by the European Union for violating the bloc’s Digital Markets Act.

“As our appeal will show, the EC [European Commission] is mandating how we run our store and forcing business terms which are confusing for developers and bad for users,” the company said in a statement. “We implemented this to avoid punitive daily fines and will share the facts with the Court.”

Apple recently made changes to its App Store’s European policies that the company said would be in compliance with the DMA and would avoid the fines.

The Commission, which is the executive body of the EU, announced its fine in April, saying that Apple “breached its anti-steering obligation” under the DMA with restrictions on the App Store.

“Due to a number of restrictions imposed by Apple, app developers cannot fully benefit from the advantages of alternative distribution channels outside the App Store,” the commission wrote. “Similarly, consumers cannot fully benefit from alternative and cheaper offers as Apple prevents app developers from directly informing consumers of such offers.”

Under the DMA, tech giants like Apple and Google are required to allow businesses to inform end-users of offers outside their platform — including those at different prices or with different conditions.

Companies like Epic Games and Spotify have complained about restrictions within the App Store that make it harder for them to communicate alternative payment methods to iOS users due to the 30% cut Apple takes on in-app purchases.



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account