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Apple, Meta fined by EU, told to comply with competition rules

Mint Hyderabad

|

April 24, 2025

The European Union fined Apple and Meta Platforms hundreds of millions of dollars and ordered the companies to comply with the bloc's tech rules, a move that risks ratcheting up tensions with the Trump administration as EU officials pursue trade talks.

- Kim Mackrael & Sam Schechner

The European Commission, the EU's executive body, on Wednesday slapped Apple with a 500 million euro fine, equivalent to about $570 million. It fined Meta €200 million.

The commission also issued cease-and-desist orders against both companies, which target business practices that are an important part of their revenue streams, and could have a bigger impact than the fines.

It ordered Apple to remove what it said were technical and commercial restrictions on app developers' ability to inform users about cheaper and alternative ways to buy digital products outside the company's App Store.

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Keppel buys 49% in Cleantech, takes control

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CCI clears Torrent's JB stake buy proposal

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'Balanced India-US portfolios fared better'

Saurabh Mukherjea has a simple message for investors in Indian equities: it's time to look beyond. The chief investment officer and co-founder of Marcellus Investment Managers believes that with jobs in India drying up due to the US tariffs, consumption slowdown and tepid corporate earnings, it “will be tough for a market already trading at record-high valuations to move any further”.

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NITI Aayog proposes new panel to supercharge net-zero push

India’s top government think-tank has called for setting up a panel to guide policy and coordinate multi-ministry efforts on climate action and energy transition, two people aware of the development said.

time to read

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October 22, 2025

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The Jio tariff hike everyone expected isn't coming—yet

The company has instead chosen to grow revenue by driving users to consume more data

time to read

2 mins

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Reliance seeks to buy Middle East oil

Reliance Industries Ltd bought Middle Eastern crudes last week and may place more orders, ina sign that Western pressure against Russian flows may be starting to impact its procurement patterns.

time to read

1 min

October 22, 2025

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Deloitte's AI debacle in Australia isa warning for all early adopters

That a report riddled with AI hallucinations was sent to a government should be a wake-up call

time to read

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Jio-BP’s Q2 petrol, diesel sales up 34%

Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34% rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network.

time to read

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October 22, 2025

Mint Hyderabad

Recent Nobel prizes for economics seem rich in irony

This year’s Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded “for having explained innovation-driven economic growth,” with one half to Joel Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Philippe Aghion and Peter Howitt “for the theory of sustained growth through creative destruction.”

time to read

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October 22, 2025

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