Apple, two publishers hold out against settlement: report
Apple Inc and publishers Pearson and Macmillan are reluctant to agree to terms sought by U.S. and European antitrust authorities investigating possible electronic-book price-fixing, the Wall Street Journal cited sources as saying on Wednesday.
By HT Correspondent | Reuters
UPDATED ON APR 05, 2012 05:02 PM IST
Apple Inc and publishers Pearson and Macmillan are reluctant to agree to terms sought by U.S. and European antitrust authorities investigating possible electronic-book price-fixing, the Wall Street Journal cited sources as saying on Wednesday.
Apple and some of the world's biggest book publishers are suspected of colluding to push up e-book prices and are under investigation by the U.S. Justice Department and the European Commission. Reuters reported on March 30 that the U.S. Justice Department could reach a settlement in the case in the next few weeks.
The Journal, citing sources, reported that CBS Corp's Simon & Schuster Inc, HarperCollins Publishers Inc and Lagardere SCA's Hachette Book Group are inclined to settle.
But Apple, Pearson and Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH, are unwilling to, according to the report.
The U.S. Justice Department is seeking to unravel agreements Apple secured from five publishers about two years ago as the Silicon Valley company was launching its iPad and was seeking to break up Amazon's dominance in the digital book market.
Officials with the Justice Department declined to comment when contacted by Reuters.
Cess, surcharge shares doubled to 19.9% in FY 20-21: Report
PTI, New Delhi
PUBLISHED ON MAR 02, 2021 10:50 PM IST
Under the existing Finance Commission (FC) framework, the cesses and surcharges collected by the Centre are not part of the tax devolution.
BRICS bank grants over USD 1 billion Covid-19 assistance loan to China
PTI, Beijing
PUBLISHED ON MAR 02, 2021 10:31 PM IST
This is the second emergency loan for the same amount approved by the NDB to help China fight the pandemic.
Gold price drops to ₹44,760 per 10 gram, silver down too
By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON MAR 02, 2021 09:46 PM IST
Gold prices have fallen nearly ₹11,000 since August last year when the yellow metal breached the all-time rate at ₹57,008 per 10 gram.
Exports dip marginally in February; trade deficit widens to USD 12.88 billion
PTI
PUBLISHED ON MAR 02, 2021 06:59 PM IST
Imports grew 6.98 per cent to USD 40.55 billion during the month, the data showed.
EPFO may declare interest rates on EPF deposits for 2020-21 on March 4
By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON MAR 02, 2021 06:24 PM IST
- In March 2020, EPFO had reduced the interest rate on provident fund deposits to a seven-year low of 8.5% for 2019-20. The interest rate was 8.65% in 2018-19 and 8.55% for 2017-18. The interest rate was 8.65% in 2016-17.
Spectrum auction ends with ₹77,815 cr bids; Jio top buyer with ₹57,122 cr
PTI
PUBLISHED ON MAR 02, 2021 06:14 PM IST
Telecom Secretary Anshu Prakash said 855.60 MHz of spectrum was bought for ₹77,814.80 crore in the two-day auction.
Need to ensure that startups are not afraid of failure, says Piyush Goyal
PTI
PUBLISHED ON MAR 02, 2021 06:01 PM IST
The minister also said the need of the hour is to engage more with rural India also as there is a lot of talent lying there.
Fuel demand projected to rise 9.8% in year to March 2022
Reuters
PUBLISHED ON MAR 02, 2021 05:54 PM IST
Higher expectation of fuel consumption, a proxy for oil demand, points to a sharp recovery in industrial activity in the economy hit hard by the pandemic.
Krishna Institute of Medical Sciences files ₹700-cr IPO papers
PTI, New Delhi
PUBLISHED ON MAR 02, 2021 05:38 PM IST
Krishna Institute of Medical Sciences (KIMS) is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of the number of patients treated and treatments offered.
Plastic industry urges govt to streamline raw material supply
PTI, Mumbai
PUBLISHED ON MAR 02, 2021 05:22 PM IST
The plastics processing sector has sought immediate government intervention to ensure raw material supply by Indian petrochemical companies and free imports of raw material that are not produced in the country.
RBI restricting banks from raising stakes in insurance firms: Report
Posted by Kunal Gaurav | Reuters, Mumbai
PUBLISHED ON MAR 02, 2021 05:01 PM IST
The RBI wants banks to focus on their main areas of business instead of locking away capital in non-core sectors.
Delhi-based man arrested for GST fraud of ₹38.91 crore
By HT Correspondent | Edited by Smriti Sinha
PUBLISHED ON MAR 02, 2021 04:47 PM IST
The person had created a fake firm under his name and was linked to a multilayered network of 38 other fictitious entities to dupe the government by claiming fake ITC through bogus bills, said the finance ministry in a statement
Bharti Airtel buys airwaves worth $2.6 billion at spectrum auction
Bloomberg
PUBLISHED ON MAR 02, 2021 04:03 PM IST
The carrier, led by billionaire Sunil Mittal, acquired 355.45 megahertz airwaves across multiple spectrum bands for 186.99 billion rupees ($2.55 billion), according to a statement from the company Tuesday.
Sensex ends 447 points up, Nifty settles above 14,900
UPDATED ON MAR 02, 2021 04:04 PM IST
- The 30-share index swung nearly 633 points during the session, before ending at 50,296.89, showing a rise of 447.05 points or 0.90 per cent.
With 209 billionaires, India ranks third in 10th Hurun Global Rich List 2021
ANI, Mumbai, Maharashtra
PUBLISHED ON MAR 02, 2021 03:09 PM IST
"Asia has, for the first time in perhaps hundreds of years, more billionaires than the rest of the world combined. Wealth creation is moving to Asia," said Hurun Report chairman and chief researcher Rupert Hoogewerf.