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Larsen & Toubro (L&T) has announced a Rs. 1,327 crore all-cash deal to acquire a 21 percent stake in AI cloud provider E2E Networks, marking a strategic expansion into the growing AI and cloud services market
Image: Reuters/Shailesh Andrade
This builds on Apple’s ongoing antitrust troubles, following a €1.84 billion ($2 billion) fine in March over similar abuses under the bloc’s traditional competition rules involving music streaming service Spotify. Apple was also forced to pay €13 billion in back taxes to Ireland after losing a long-running court battle with the EU in September, Reuters noted, which also reported news of the DMA fine.