Apple challenges India’s new antitrust penalty law, facing fines of up to $38 billion based on global turnover. The first challenge to the law comes after accusations of abusive conduct in the iOS app market. Apple denies wrongdoing and argues that the law unfairly inflates potential penalties, seeking a court ruling to strike it down.

Read more at Nasdaq: Apple Reportedly Challenges India’s Antitrust Law That Could Trigger $38 Bln Fine