Meta to appeal against CCI penalty, diktat on data share
Business Standard|November 20, 2024
Menlo Park (California)-headquartered Meta Platforms on Tuesday opposed the ₹213-crore penalty imposed by the Competition Commission of India (CCI) along with a cease-and-desist directive that clamped down on data-sharing. Meta said it would appeal against the move.
SHIVANI SHINDE
Meta to appeal against CCI penalty, diktat on data share

Late on Monday, India's antitrust body had announced the penalty on Meta for allegedly abusing its dominant position. The case relates to how Whats App's 2021 Privacy Policy was implemented and how user data was collected and shared with other Meta companies. Meta operates Facebook: "As a reminder, whats App: the 2021 Instagram and update did not Threads, among change the other services. privacy' of "We disagree IRONe S withthe ch deci- Personal. messages " slon arid pian t O said a Meth appea : S a spokesperson reminder, the 2021 update did not change the privacy of people's personal messages and was offered as a choice for users at the time," said a Meta spokesperson in a statement on Tuesday. "We also ensured no one would have their accounts deleted or lose functionality of the Whats App service because of this update," the statement added.

In its order on Monday, the CCI had issued cease-and-desist directions, asking Meta and Whats App to implement certain behavioural remedies within a defmed timeline. For instance, it has asked whats App to stop sharing user data with Meta companies for advertising purposes for flve years.

This story is from the November 20, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 20, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

India, Oman agree to amend tax treaty

India and Oman Tuesday signed an agreement amend their taxation to treaty Double on Taxation Avoidance Agreement (DTAA) in an attempt to align it with \"international standards on cross-border taxation, simplifying tax procedures, and promoting greater cooperation in tax matters\".

time-read
1 min  |
January 29, 2025
'Index providers seeing healthy competition and innovation'
Business Standard

'Index providers seeing healthy competition and innovation'

Underpinning the sharp growth in the passive fund industry are index providers. Asia Index, which recently parted ways with equal joint venture (JV) partner S&P Dow Jones Indices (DJI), is trying to leverage its parent BSE to boost its presence. ASHUTOSH SINGH, managing director (MD) and chief executive officer (CEO) at Asia Index, in an interview with Samie Modak in Mumbai, talks about the various industry trends and measures taken to arrest the market-share decline. Edited excerpts:

time-read
2 mins  |
January 29, 2025
Exploring opportunities in branded residences: ITC Hotels
Business Standard

Exploring opportunities in branded residences: ITC Hotels

Shares of the firm to be listed on bourses today

time-read
1 min  |
January 29, 2025
RBI Must Come Out With Road Map for NBFCs to Become Banks
Business Standard

RBI Must Come Out With Road Map for NBFCs to Become Banks

Shriram Finance, one of the largest retail non-banking financial companies in the country, has seen its net profit go up by 73 per cent in the October-December quarter, owing to a one-time gain from the sale of Shriram Housing Finance. The company's Executive Vice-Chairman, UMESH REVANKAR, talks to Shine Jacob about the road map after the deal, growth in the financial year 2025-2026 (FY26), and the third-quarter results in a telephonic interview. Edited excerpts:

time-read
2 mins  |
January 29, 2025
DeepSeek most installed app on Apple iOS in India
Business Standard

DeepSeek most installed app on Apple iOS in India

It's a giant leap for the Chinese startup, which ranked 102 as of January 25

time-read
1 min  |
January 29, 2025
Mkts rebound on RBI liquidity steps
Business Standard

Mkts rebound on RBI liquidity steps

Benchmarks break two-day losing streak

time-read
2 mins  |
January 29, 2025
Business Standard

Bagasse-generated power from UP sugar mills dropped to six-year low in FY24

Once billed as a big source of alternative revenue for the sugar sector, the share of bagasse-generated electricity slumped to 41 per cent of the total power generated from renewable energy (RE) sources in Uttar Pradesh (UP) in FY24, the lowest in six years.

time-read
1 min  |
January 29, 2025
Business Standard

STREET OVERWEIGHT ON CONSUMPTION, LARGECAPS

The FY26 Union Budget marked a shift in the government stance towards consumption from its earlier focus on capital expenditure.

time-read
1 min  |
February 03, 2025
FM: Made sure we're ready for 'Make in India, for the world'
Business Standard

FM: Made sure we're ready for 'Make in India, for the world'

Union Finance Minister Sitharaman on Nirmala Sunday said the FY26 Budget had reinforced the foundations that would guide the country's progress towards a Viksit Bharat, having outlined clear destinations in certain parameters.

time-read
2 mins  |
February 03, 2025
BOOST FOR DOMESTIC MANUFACTURING
Business Standard

BOOST FOR DOMESTIC MANUFACTURING

The Budget assists the government's commitment to reduce tax burden and move towards a framework based on trust.

time-read
6 mins  |
February 03, 2025