Connect with us

Company News

Amazon Challenges India Antitrust Probe Inc., has begun legal action in India to quash an antitrust investigation against the company, saying it could cause irreparable loss and damage to its reputation. The Competition Commission of India (CCI) had ordered an investigation of Amazon and Flipkart, owned by Walmart, over alleged violations of competition law and certain discounting practices.

Amazon and Flipkart have faced mounting criticism from India’s brick-and-mortar retailers, which accuse the companies of violating Indian law by racking up billions of dollars of losses to fund deep discounts and discriminating against small sellers.

The CCI ordered its probe after a New Delhi-based trader group complained that the e-commerce giants were promoting select sellers and in turn hurting business for other smaller players in one of the world’s biggest online shopping markets. 

Click to comment

Notice: Undefined variable: user_ID in /home/cloudpanel/htdocs/ on line 49

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2021 TV Veopar Journal

error: Content is protected !!