Apple challenges Indian antitrust law that could trigger $38bn fines

Apple has launched a legal challenge against India's updated antitrust penalty legislation, which could see the technology company facing penalties up to $38bn, reported Reuters. The law now permits authorities to base fines on a company's global turnover. The case, submitted to the Delhi High Court and detailed in a 545-page filing reviewed by Reuters, is the first such contestation of the law since it came into effect last year. Under these rules, the Competition Commission of India (CCI) can calculat ...