When the hi-tech sector in America sheds tens of thousands of jobs, the tsunami of firings is felt globally, especially in India, because so many Indians work abroad in the technology sector. These companies are not on the brink of financial ruin. Quite the contrary, so why shed people?
The National Company Law Appellate Tribunal, Delhi agrees to hear the petition filed by Google against the CCI order of October 25, 2022, directing the tech giant to deposit 10 percent penalty amount of Rs. 936.44 crore in the case Alphabet Inc & Ors vs Competition Commission of India & Ors
The Supreme Court will take up Google's petition on January 16, challenging an order of the National Company Law Appellate Tribunal (NCLAT), which upheld the imposition of Rs 1,337 crore penalty by the Competition Commission of India (CCI) on the tech giant for abusing its dominant position.
The National Company Law Appellate Tribunal (NCLAT) has directed Google to deposit 10 percent of Rs 1337.76 as fine imposed on it by the Competition Commission of India (CCI) before the hearing begins in the matter