Home / Business / Rs 136 Crore Fine On Google By CCI Boosts Indian Startups To Tackle E-Titans

Rs 136 Crore Fine On Google By CCI Boosts Indian Startups To Tackle E-Titans

Gathering power from the newest CCI (Competition Commission of India) judgment on Google, startups of India are coming together for Murugavel Janakiraman, the Matrimony.com founder, to take on worldwide tech behemoths such as Facebook and Google, as per 3 sources well known with the matter.

Rs 136 Crore Fine On Google By CCI Boosts Indian Startups To Tackle E-Titans

The fair play controller of the country had discovered Google to have misused its dominant place in general online web search and associated services of advertising in India and penalized it with Rs 136 Crore previous week. The order arrived in reaction to data filed by CUTS (Consumer Unity & Trust Society) and Matrimony.com back in 2012.

Janakiraman claimed to the media in an interview that he is still battling a trademark war in the Chennai high court in opposition to Google and that the support he has been getting from the startup ecosystem of India all over the case has been motivating, in view of the latest judgment. Although the CCI ruling was greeted by companies of India, most of them believe the quantum of the obligatory fine might have been much more for a greater affect and to dishearten such methods. In 2017, EU controllers had smacked a $2.7 Billion fine on Google in an antitrust court case for manipulating results of online search that marketed its own services.

Sources claimed that a group of established tech startups and companies of Indian plan to ask the government executives and request them to keep a keen eye on the sector to prohibit such violations by huge international tech behemoths that offer them an unfair benefit. Owing to the leading place of Google in the search industry, it impacts the forecast of each firm that has an online attendance, claimed the industry sources.

To receive momentum from the CCI ruling, companies all over the area of commerce, payments, travel, food delivery, and digital mapping are anticipated to join the meeting.

About Vaibhav Bhosale

An investigative approach to everything landed Vaibhav on his journey to seek finer details in every domain. Thus, his through research skills and an analytical mind have proven to be a valuable asset to his writings. Vaibhav covers a wide range of topics and offers expert opinions to his readers to help them make well-informed decisions. His career is the perfect confluence of his education and interest, which makes him a thorough professional.

Check Also

Global Suspended Ceiling Market study 2018- Armstrong, Saint-Gobain, Hunter, OWA, ROCKWOOL International, SAS International

The global “Suspended Ceiling market” report is a meticulous study of the global Suspended Ceiling …