The apex court has said that CCI is an independent body and has the necessary jurisdiction to conduct the investigation while asking the antitrust watchdog to conduct the probe at the earliest.
The CCI is investigating WhatsApp and Facebook for infringement of user privacy as well as violations of competition norms, through their privacy policy.
In a freewheeling chat with Fortune India and editorji, Facebook India head Ajit Mohan talks about the social media giant’s take on the new IT norms, and its views on privacy, among other things.
Facebook earned its chops by connecting people. Its next big bets are on content creators and small businesses. And aiding it are Whatsapp and Instagram.
More applications are likely as the RBI extends the deadline by a month to seek the licence for setting up a pan-India New Umbrella Entity (NUE), which will compete with the NPCI.
According to a report by Bain & Co. and Sequoia India, social media has become crucial for small retailers, accounting for 85% of their commerce. And the number is expected to only go up.