business / news / / The Economic Times
Apple has accused India's competition body of exceeding its powers by pushing the U.S. tech company to submit its financials in an antitrust case.
Apple claims the Competition Commission of India is overreaching by demanding its financial data.
KEY POINTS
- Apple could face a penalty of up to $38 billion in this Indian antitrust case.
- Apple is challenging India's entire antitrust penalty calculation law in New Delhi court.
- The CCI has scheduled a final hearing for May 21 and issued an ultimatum to Apple.
COMPANIES
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