Factbox-India’s EU-like antitrust law worrying technology firms ...Middle East

By Arpan Chaturvedi NEW DELHI (Reuters) – India’s proposed EU-like antitrust law will pose a fresh regulatory challenge for tech firms including Apple, Google and Meta, laying out strict compliance obligations that could affect their business models. The Indian government is currently examining a panel’s February report that proposed a new “Digital Competition Bill” to complement existing antitrust laws. A key U.S. lobby group has already opposed the move, fearing its business impact. Here are key details of India’s proposal: WHO WOULD THE LAW APPLY TO? The law would affect what it says are “systemically significant digital” companies. Those with a domestic turnover exceeding $480 mil

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