Why antitrust is a jumbo Indian problem9 min read 02 Aug 2020, 08:05 PM IST
As the US is convulsed by hearings against Big Tech companies, India’s dominant firms remain intact. Will it change?
The Competition Commission of India, which is the statutory body mandated to regulate anti-competitive activity in the country, has been largely toothless and ineffective
BENGALURU : On 15 July, during the annual general meeting of the shareholders, the chairman and managing director of Reliance Industries Ltd (RIL), Mukesh Ambani, announced that global tech giant Google would be investing $4.5 billion in Jio Platforms, RIL’s telecom and digital subsidiary. Following Facebook’s acquisition of a 9.99% stake in Jio Platforms at $5.7 billion, this is the first time that both global technological giants have invested in the same entity, anywhere in the world.
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