Google ads misleading says Australian court

The Australian Competition and Consumer Commission chairman Rod Sims says the case raises important issues on the role of search engines as publishers of paid content

Melbourne: Dealing a severe blow to Google Inc, an Australian court on Tuesday found the search giant guilty of breaching trade law by displaying "misleading" sponsored links at the top of its search results, reports PTI.

The judgement by the Federal Court means that Google will now have to establish a "compliance programme" so that advertisers will not be able to post misleading or deceptive advertisements in the future.

The Australian Competition and Consumer Commission (ACCC) appealed last year after a judge ruled Google's conduct had not been in breach of the Trade Practices Act.

However, the court has now overturned that decision, concluding the search engine's conduct did breach the law, ABC News reported.

"The enquiry is made of Google and it is Google's response which is misleading," the court said.

"Although the key words are selected by the advertiser, perhaps with input by Google, what is critical to the process is the triggering of the link by Google using its algorithms," it said.

ACCC chairman Rod Sims says the case raises important issues on the role of search engines as publishers of paid content.

"This is an important outcome because it makes it clear that Google and other search engine providers which use similar technology to Google will be directly accountable for misleading or deceptive paid search results," Sims said.

Google said it was "disappointed" by the Federal Court's decision that it should be held responsible for the content of advertisements on its platform.

"We believe that advertisers should be responsible for the ads they create on the AdWords platform," it said in a statement.

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US court permits class action lawsuit against TCS

The Court approved a class action suit in a case charging the Tata group company with systematic violations of the rights of its non-US citizen workers in the US

Washington: A US District Court in California has approved a class action suit in a case charging Tata Consultancy Services (TCS) with systematic violations of the rights of its non-US citizen workers in the US, reports PTI.

The lawsuit filed in 2006 by two of its former employees, Gopi Vedachalam and Kangana Beri, alleges that TCS unjustly enriched itself by requiring all of its non-US-citizen employees to endorse and sign over their federal and state tax refund checks to the company and by taking unauthorised deductions from employee's paychecks.

However, TCS termed it as a procedural matter, saying the order of the court does not address the merit of the case.

"We have received the order of the US District Court. This is an order only on one procedural matter and does not address the merits of this case. TCS continues to believe that when this matter concludes, the court will find that the plaintiff's claims are without any merit," a TCS spokesman said after the class action lawsuit permission order issued by the US District Court Judge Claudia Wilken found that the plaintiffs satisfied the legal requirements for a class action.

"I am very happy with the Court's decision today.  It means that my former colleagues and I are one step closer to holding Tata accountable," Vedachalam said in a statement issued by his attorney.

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Federal Bank hikes interest rate on term deposits

The rate of interest for NRE term deposits for a period of 1 year to less than 3 years is 9.50% and for a period of 3 years and above is 9.25%

Federal Bank has hiked the rate of interest on both resident and NRE term deposits for a period of 1 year to 10%.

The rates of interest for resident deposits of other maturity periods are as follows:  7 days to 45 days - 5.00%, 46 days to 180 days - 7.00%, 181days to 199 days-8.50%, 200 days-9.50%, 201 days to less than 1 year - 8.50%, above1 year to less than 3 years - 9.50%, 3 years and above-9.25%.

The rate of interest for NRE term deposits for a period of 1 year to less than 3 years is 9.50% and for a period of 3 years and above is 9.25%.

Senior citizens are eligible for additional interest of 0.50% on resident term deposits.

The above rates are effective from 3 April 2012.

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