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News  ›  Benzinga

Apple Challenges India's 'Unconstitutional' Antitrust Law As Threat Of Massive $38 Billion Fine Looms: Report

Benzinga Logo Benzinga By Eva Mathew
Apple Challenges India's 'Unconstitutional' Antitrust Law  As Threat Of Massive $38 Billion Fine Looms: Report

Apple is challenging India's new antitrust penalty law that could impose a $38 billion fine, arguing the law is 'arbitrary' and 'unconstitutional'. The company filed a 545-page submission to the Delhi High Court, seeking to declare the 2024 law illegal.

Insights
BAYRY   neutral

Collaborating with Cytokinetics on CAMELLIA-HCM clinical trial for potential marketing authorization in Japan


AAPL   negative

Facing potential massive $38 billion fine, legal challenge against regulatory action, and ongoing scrutiny from Competition Commission of India