Page 2 - Monopolies

Will not have monopoly or duopoly in telecom sector: Ashwini Vaishnaw

India will not see a monopoly or duopoly in the telecom sector with state-owned BSNL emerging as a 'very stable' player, Telecom Minister Ashwini Vaishnaw has said. Speaking at the Express Adda on Saturday, he allayed concerns of a duopoly emerging in the market with weakening financials and dropping market share of Vodafone Idea Ltd. "No, we are not heading towards a monopoly. Even a duopoly will not be there. BSNL is coming up as a very stable player in the market," he said when asked whether the state of affairs in Vodafone Idea and the current financial struggles faced by Airtel would leave Reliance Jio the single dominant mobile telephony player. The telecom market currently has three private players - billionaire Mukesh Ambani's Reliance Jio, Bharti Airtel and Vodafone Idea Ltd. Jio's disruptive entry has helped it to become the largest operator in the country and it is now leading the 5G rollout. Sunil Bharti Mittal's Airtel is competing with Jio while Vodafone Idea is yet to

Amul's entry into TN threatens Aavin's monopoly in milk procurement

Presently 3,000 litres of milk is procured from Vellore district by Amul and it is planning to increase the procurement to 30,000 litres per day

Monopolies in various sectors pushing prices higher: Jairam Ramesh

The Congress on Wednesday said growing concentration of economic power is having a negative effect on people's lives as monopolies in various sectors are pushing prices higher. Congress general secretary Jairam Ramesh claimed that profit margins across all sectors have doubled from 18 percent in 2015 to 36 percent in 2021 due to growing market concentrations created by the Modi dispensation. He said a research paper by top economist, Dr Viral Acharya has substantiated this concern about higher profit margins due to monopolies in several sectors. Evidence by the ex-RBI Deputy Governor Acharya shows that Modi government's alleged "monopolistic" friends are a big cause of price rise in India, the Congress leader said. "As the Adani 'megascam' has shown, PM Modi's 'suit-boot ki sarkaar' has systematically helped his cronies build large, concentrated monopolies across various sectors since he took office. Now we have fresh and credible evidence that these monopolies are driving price ri

Why Samsung enjoys a monopoly in the foldable mobile phone market in India

According to CMR, the foldable market in India is expected to grow at a staggering 64% compound annual growth rate until 2026, accounting for a 20X growth in foldable smartphone shipments

Understanding online marketplace from antitrust point of view

Traditional antitrust tools, fine-tuned for tackling concerns of digital economy, may help prevent monopoly.

UAE govt plans to remove monopolies of some family businesses

The UAE aims to attract more investment via competitive legal and social changes, such as long-term residency programmes and fewer restrictions on cohabitation and alcohol

Monopoly power

Global digital ecosystem should be made competitive

China will continue curbing tech monopolies: Central bank chief

The central bank will work with anti-monopoly authorities to prevent firms from abusing dominant market positions and actively deal with new monopoly problems

Xi Jinping clears action on everything, from monopolies to pollution

Xi in particular stressed the importance of strengthening anti-monopoly regulations, a push that has already cost tech giants hundreds of billions of dollars in market value

Russia's competition watchdog fines Apple $12 million for app market abuse

Apple allegedly abused its dominant position in the mobile applications market

China launches probe into Jack Ma's Alibaba over monopoly allegations

Regulators said separately they've summoned affiliate Ant Group Co. to a meeting intended to promote fair competition and consumer rights

Reining in monopolies

Anti-trust suit against Google could have lessons for India

Advertisers or people? Debate over who's really harmed by Google 'monopoly'

Google controls about 90% of global web searches, but it holds a smaller share of the overall digital advertising market

Four big tech companies under attack, accused of 'monopoly power'

The antitrust subcommittee of the Judiciary Committee recommended that Alphabet's Google, Apple, Amazon.com and Facebook should not both control and compete in related businesses

States fail when they let their monopolies on violence or taxation slide

Do you know of a state which has let vigilantes commit violence on its behalf and has reneged on disbursal of taxes? I can't think of any, writes Devangshu Datta

Mail trail shows how Big Tech is pulling tricks from monopolists' handbook

Even though antitrust law might need to be amended to clarify what is -and isn't - acceptable practices by big tech, these documents show that there is enough evidence to file antitrust lawsuits

The case for book publishing monopolies

A monopoly is highly volume dependent and volumes need more variety, not less

Are monopolies always bad?

Competition doesn't always guarantee profits