The French Competition Authority could be set to launch an antitrust investigation into Apple over a move in 2021 to amend app tracking policies, which led to alleged illegal anticompetitive behaviour, Axios reported. The mooted investigation, the first launched over Apple’s app tracking policy shake-up, could see the authority issuing a formal statement of objections in the…

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Several Indian start-ups preparing to appeal against Google’s revised policies of service fee on in-app purchases and subscriptions. This comes after the National Company Law Appellate Tribunal (NCLAT) granted partial relief to the tech giant, reversing four of the 10 key non-monetary directives that would have forced Google to allow uninstalling of its pre-installed apps…

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For the first time, OpenAI  may face a lawsuit over ChatGPT-generated defamation. Recently an Australian mayor named Brian Hood filed the lawsuit over the fact that ChatGPT wrongfully identified him as a guilty party in a “foreign bribery scandal involving a subsidiary of the Reserve Bank of Australia in the early 2000s,” apparently claiming that Hood…

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The Consumer Online Foundation has written to Finance Minister Nirmala Sitharaman to investigate the business activities of company Rario and its compliance with Indian taxation laws with respect to virtual digital assets and crypto currency and anti-money-laundering (AML) laws. About Rario:  Rario refers to itself as the world’s first and largest licensed digital cricket collectible…

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A Study by the Swedish tech company Divly has revealed that the overwhelming majority of crypto owners worldwide are not paying taxes on their holdings. As per the paper, less than 1% of crypto investors paid tax in 2022. Specifically, the report revealed that just 0.53% of investors globally declared their crypto activity to local…

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US pharmaceutical giant Johnson & Johnson proposed an $8.9 billion settlement to resolve years-old lawsuits claiming that its talcum powder products caused cancer. The $8.9 billion payout would be one of the largest product liability settlements ever in the United States, if approved by the bankruptcy court and a majority of the plaintiffs, The New…

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Big-4 accounting firm EY has been banned from auditing companies of public interest in Germany for two years over its failures as the auditor of Wirecard in the years before the digital payments company’s staggering collapse. The ban forbids the auditor from participating in tenders for audits of certain companies for two years. This includes all listed…

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From 1st April 2023, for online gaming platforms like Dream11, Rummy Circle or Mycircle11 , a tax of 30% will be levied on net winnings, even if the winning is under Rs 10,000. Earlier Companies used to keep winnings below Rs. 10,000 in order to evade taxes. As per the new TDS (Tax deducted at…

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After Elon Musk announced removing Twitter’s verified legacy users on April 1, many known celebrities and personalities have refused to pay $8/month for a verified checkmark next to their name. On the other , This “Verified for Organizations” programme is now available globally, but several businesses worldwide are not willing to pay the $1,000 monthly fee to retain…

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Markets regulator Securities and Exchange Board of India (Sebi) is reportedly looking into possible violation of ‘related party’ transaction rules in the Adani Group’s dealings with at least three offshore entities, which are said to have links to Adani group founder Gautam Adani’s elder brother, Vinod Adani. The three entities allegedly entered into several investment…

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