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Apple To Open Tap-And-Pay For Rivals To Avoid EU Fines

Business Standard

|

July 12, 2024

iPhone maker's decision ends a four-year-long investigation by EU's antitrust regulator

Apple To Open Tap-And-Pay For Rivals To Avoid EU Fines

Apple will open its tap-and-go mobile payments system to rivals, EU antitrust regulator said on Thursday, even as its chief Margrethe Vestager said the iPhone maker has yet to change its business practices to comply with landmark tech rules.

The company faces three investigations under the Digital Markets Act (DMA), which requires Big Tech to ensure a level playing field for rivals and give users more choice.

Vestager last month said its App Store rules breached the DMA and also kicked off a probe into new contractual terms for app developers and rival app stores.

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Business Standard

Business Standard

Rebirth, regeneration and cycles of life

If you loved reading The Shadow Lines (1988) and The Hungry Tide (2004), written by Amitav Ghosh, chances are that his latest novel, Ghost-Eye, will blow your mind.

time to read

3 mins

December 20, 2025

Business Standard

Draft coal exchange norms propose strict net worth riders

The coal ministry has proposed stringent eligibility and oversight rules for entities seeking to establish a coal exchange in the country.

time to read

1 min

December 20, 2025

Business Standard

Trump signs defence law backing deeper India-US ties, Quad

US President Donald Trump has signed into law an annual defence policy bill that highlights broadening America’s engagement with India, including through the Quad to advance the shared objective of a free and open Indo-Pacific region and address the challenge posed by China.

time to read

1 min

December 20, 2025

Business Standard

India-Oman trade agreement opens the door to social security talks

Apart from expanding bilateral trade, the trade agreement signed between India and Oman also includes a provision that will enable the two countries to engage in negotiations on social security matters.

time to read

1 min

December 20, 2025

Business Standard

Putin offers no compromise on Ukraine, says EU ‘robbery’ failed

President Vladimir Putin offered no compromise on his terms for ending the war in Ukraine on Friday and accused the European Union of attempting “daylight robbery” of Russian assets.

time to read

1 mins

December 20, 2025

Business Standard

Revisiting the idea and project of India

Rather than offer a laundry list of ‘critical reforms in their latest book, A Sixth Of Humanity, Arvind Subramanian and Devesh Kapur identify the necessary conditions that would give India a fair shot at solving the important challenges ahead. An excerpt

time to read

5 mins

December 20, 2025

Business Standard

Irdai proposes allowing insurers to invest 20% in debt of public infra SPVs

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed permitting insurers to invest up to 20 percent of their funds in debt instruments issued by public limited special purpose vehicles (SPVs) operating in the infrastructure sector.

time to read

1 min

December 20, 2025

Business Standard

Business Standard

IndiGo probe decision taken after initial assessment: CCI

Competition Commission of India Chairperson Ravneet Kaur on Friday said that based on the initial assessment, the fair trade regulator had decided to look into IndiGo operations after recent flight disruptions, which severely impacted passengers across the country.

time to read

1 min

December 20, 2025

Business Standard

ICICI Pru AMC becomes most valued stock in capital mkt sector

Stock closes 19% higher post debut; market cap overtakes HDFC AMC

time to read

1 mins

December 20, 2025

Business Standard

India a step closer to trade pact with NZ

The Union Cabinet on Friday is learnt to have approved a trade agreement between India and New Zealand, according to people aware of the matter.

time to read

1 mins

December 20, 2025

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