Tag Archives: Regulator

Qualcomm Fined $854 Million by South Korean Regulator for Violating Completion Laws

South Korea’s antitrust regulator said on Wednesday it fined US chipmaker Qualcomm Inc KRW 1.03 trillion ($854 million or roughly Rs. 5,821 crores), a record for the country, ruling its business practices of patent licensing and smartphone modem chip sales hindered competition. The Korea Fair Trade Commission said Qualcomm abused its dominant market position and forced handset makers to pay ... Read More »

Foreign Reinsurers To Be Operational In 6-9 Months, Says Regulator

Kolkata: The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said it expects foreign reinsurers, which will get final clearance from the insurance regulator, to be operational in the country over the next six to nine months. “We are hopeful that global reinsurance companies which will get final clearance from the regulator to open their branches in India ... Read More »

Foreign Reinsurers To Be Operational In 6-9 Months, Says Regulator

Currently, state-owned GIC Re is the only reinsurer operational in the country. (Representational image) Kolkata: The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said it expects foreign reinsurers, which will get final clearance from the insurance regulator, to be operational in the country over the next six to nine months. “We are hopeful that global reinsurance companies which will get final ... Read More »

Google Fined $6.8 Million by Russian Antitrust Regulator Over Android

Russia’s anti-trust authority on Thursday fined Google RUB 438 million ($6.8 million or roughly Rs. 45 crores) after finding it guilty of abusing its dominant market position by forcing smartphone makers to install its search engine on Androids. The Federal Antimonopoly Service (FAS) in September last year deemed Google in breach of a law on “protecting competition” after an investigation ... Read More »

Pension Regulator Launches New Features For NPS Subscribers

PFRDA is mandated to promote and ensure orderly growth of NPS and other pension schemes. New Delhi: Pension Fund Regulatory and Development Authority (PFRDA) has introduced new features for the benefit of National Pension System (NPS) subscribers, including an mobile app. According to the statement, through the mobile app, ‘NPS by NSDL e-Gov’, subscribers can raise a request for transaction ... Read More »

South Korea Antitrust Regulator Says Investigating Apple on ‘a few matters’

South Korea’s truthful alternate commission (FTC) is investigating “some matters” regarding tech massive Apple Inc, the head of the anticompetition frame said at some stage in a parliamentary hearing, with out disclosing further details. speakme at the hearing on Tuesday, FTC Chairman Jeong Jae-chan declined to comment on the specifics of the regulator’s investigation when asked to achieve this by ... Read More »

Food Regulator FSSAI Launches Consumer Grievances App

Food safety regulator FSSAI has launched a mobile app through which consumers can raise their concerns related to quality of packaged food and the food served in ready-to-eat outlets. Since most of the times the form of food consumed is either packed or serviced, the app provides food safety tips and food safety laws as prescribed by the regulator through ... Read More »