Briefly Business: India launches anti-trust probe into Google

The Competition Commission of India said it had launched an anti-trust probe into Google’s online advertising practices

Written by Agencies | Published: May 8, 2012 2:27:42 am

India launches anti-trust probe into Google

New Delhi: The Competition Commission of India said Monday it had launched an anti-trust probe into Google’s online advertising practices,deepening the Internet giant’s legal woes in the country. SL Bunker,the secretary of the commission,told AFP that the probe would take “at least a couple of months” to complete and was in response to a complaint from match-making website Bharatmatrimony.com.

Regional offices to clear up to R500 cr IPO proposals

Chennai: Market regulator Sebi on Monday said its regional offices would be delegated powers to clear public offer proposals of companies planning to raise up to Rs 500 crore.

iGATE removes Patni from brand name

Bangalore: A year after it completed the acquisition of Patni Computer,iGATE Corporation on Monday announced new identity,iGATE,dropping Patni from its brand name.

United Phosphorus to buy back shares worth R288 cr

New Delhi: United Phosphorus on Monday announced a buy-back of 1.92 crore equity shares for up to Rs 288 crore from the open market.

Bank of India acquires 51% stake in Bharti Axa MF

New Delhi: State-run Bank of India (BoI) on Monday said it has acquired 51 per cent stake in Bharti Axa Mutual Fund for an undisclosed amount.

Section of Air India pilots threaten to go on strike

Mumbai: A section of Air India pilots on Monday threatened to strike work from tonight following the failure of talks with the Air India management,Indian Pilots Guild sources said. “The management (Air India) today completely backtracked from what had been agreed upon in the last 2-3 days. Therefore,we are left with no option but to intensify our agitation,” sources said.

Conduct stress test on securitisation: RBI to banks

Mumbai: In order to ensure an orderly and healthy growth of securitisation market,the Reserve Bank of India on Monday asked banks to perform stress tests at regular intervals to ensure that they are not exceeding the prudential limits.

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