Apple contests India’s new antitrust penalty law in Delhi High Court, flags $38 billion risk

Apple has filed a petition in the Delhi High Court challenging India’s amended antitrust penalty regime that may subject it to as much as $38 billion in fines, Reuters reported, citing a court filing.

The petition marks the first legal challenge to India’s updated competition law, which empowers the Competition Commission of India (CCI) to calculate penalties based on a company’s global turnover rather than its India revenue.

The broader penalty power has major implications for ongoing antitrust cases against the US technology giant.

Apple has…