• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Articles
  • News
  • Events
  • Advertize
  • Jobs
  • Courses
  • Contact
  • (0)
  • LoginRegister
    • Facebook
    • LinkedIn
    • RSS
      Articles
      News
      Events
      Job Posts
    • Twitter
Datafloq

Datafloq

Data and Technology Insights

  • Categories
    • Big Data
    • Blockchain
    • Cloud
    • Internet Of Things
    • Metaverse
    • Robotics
    • Cybersecurity
    • Startups
    • Strategy
    • Technical
  • Big Data
  • Blockchain
  • Cloud
  • Metaverse
  • Internet Of Things
  • Robotics
  • Cybersecurity
  • Startups
  • Strategy
  • Technical

Amazon, Walmart’s Flipkart must face India antitrust probe, top court says

Reuters / 2 min read.
August 9, 2021
floq.to/Yv2Vw

By Aditya Kalra and Abhirup Roy

NEW DELHI (Reuters) -Amazon.com Inc and Walmart’s Flipkart must face antitrust investigations ordered against them in India, the country’s Supreme Court ruled on Monday, in a blow to the leading e-commerce giants which had urged judges to quash the inquiries.

The Competition Commission of India (CCI) ordered the investigation against the companies last year https://www.reuters.com/article/us-india-antitrust-ecommerce/india-orders-antitrust-probe-of-amazon-walmarts-flipkart-idUSKBN1ZC1BO for allegedly promoting select sellers on their e-commerce platforms and using business practices that stifle competition.

The companies deny any wrongdoing and mounted legal challenges in lower courts https://www.reuters.com/technology/india-court-quashes-amazon-flipkart-plea-against-antitrust-probe-2021-07-23 and at the Supreme Court against the investigation, saying the CCI did not have enough evidence to pursue the matter.

A three-judge Supreme Court bench, led by Chief Justice N.V. Ramana, said companies like Amazon and Flipkart should volunteer for such investigations.

“We expect organisations like Amazon and Flipkart, big organisations, they have to volunteer for inquiry and transparency. We expect that and you dont even want (an) inquiry,” Justice Ramana told the court.

“You have to submit and an inquiry has to be conducted.”

Amazon in a statement said it complies with all laws and “will extend full cooperation to the CCI investigation”. Flipkart too said it complies with Indian laws and will cooperate with investigators.

Amazon and Flipkart are leading players in an e-retail market India forecasts will be worth $200 billion by 2026. The decision is a major setback for both companies as the Supreme Court appeal was seen as the last legal recourse to block the CCI pressing on with its investigation.

In the current antitrust case, filed by trader group Delhi Vyapar Mahasangh, the two companies face allegations of exclusive launches of mobile phones, promotion of select sellers on their websites and deep discounting practices that drive out competition.

Amazon and Flipkart had also asked the Supreme Court to put on hold the CCI’s recent request for information in which they were asked 32 questions – including details of top 100 sellers and top-selling products. The companies argue such queries relate to “sensitive” business information.

Justice Ramana said on Monday the companies will have four more weeks to answer those queries.

In February, a Reuters investigation https://reut.rs/3 8er based on Amazon documents showed it had given preferential treatment for years to a small group of sellers. The CCI has said the Reuters story corroborated evidence https://reut.rs/3eTV2CX it had received against the company. Amazon has denied any wrongdoing.

The companies are also grappling with the prospect of tougher e-commerce regulations and investigations by the country’s financial-crime agency for alleged violation of foreign investment laws.

In another legal challenge, the Supreme Court last week handed Amazon a victory https://reut.rs/37u8FnK by blocking its partner Future Group from selling $3.4 billion in retail assets to rival Reliance Industries. The CCI though has accused Amazon of concealing facts when it sought approval for a 2019 deal with the Future unit that has sparked the legal dispute, Reuters has reported https://www.reuters.com/technology/exclusive-india-watchdog-accuses-amazon-concealing-facts-deal-future-group-unit-2021-07-22. Amazon has said it is confident of addressing those concerns.

(Reporting by Aditya Kalra in New Delhi and Abhirup Roy in Mumbai; Editing by Kirsten Donovan, Sanjeev Miglani and Raju Gopalakrishnan)

Categories: News
Tags: Amazon, future, mobile, organisations, technology

About Reuters

Primary Sidebar

E-mail Newsletter

Sign up to receive email updates daily and to hear what's going on with us!

Publish
AN Article
Submit
a press release
List
AN Event
Create
A Job Post

Jobs

  • Software Engineer | South Yorkshire, GB - February 07, 2023
  • Software Engineer with C# .net Investment House | London, GB - February 07, 2023
  • Senior Java Developer | London, GB - February 07, 2023
  • Software Engineer – Growing Digital Media Company | London, GB - February 07, 2023
  • LBG Returners – Senior Data Analyst | Chester Moor, GB - February 07, 2023
More Jobs

Tags

AI Amazon analysis analytics application Artificial Intelligence BI Big Data business China Cloud Companies company crypto customers Data design development digital engineer engineering environment experience future Google+ government Group health information learning machine learning mobile news public research security services share skills social social media software solutions strategy technology

News

  • Renault customers to lodge criminal complaint in France over faulty engines
  • Tech shares see biggest-ever weekly inflow on AI boom-BofA
  • Kenya central bank says digital currency not a ‘compelling priority’
  • Netflix, Disney, Amazon to challenge India’s tobacco rules for streaming-sources
  • SentinelOne’s disappointing forecast slams shares
More News

Related Online Courses

  • Oracle Cloud Data Management Foundations Workshop
  • Data Science at Scale
  • Statistics with Python
More courses

Footer


Datafloq is the one-stop source for big data, blockchain and artificial intelligence. We offer information, insights and opportunities to drive innovation with emerging technologies.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Recent

  • 5 Reasons Why Modern Data Integration Gives You a Competitive Advantage
  • 5 Most Common Database Structures for Small Businesses
  • 6 Ways to Reduce IT Costs Through Observability
  • How is Big Data Analytics Used in Business? These 5 Use Cases Share Valuable Insights
  • How Realistic Are Self-Driving Cars?

Search

Tags

AI Amazon analysis analytics application Artificial Intelligence BI Big Data business China Cloud Companies company crypto customers Data design development digital engineer engineering environment experience future Google+ government Group health information learning machine learning mobile news public research security services share skills social social media software solutions strategy technology

Copyright © 2023 Datafloq
HTML Sitemap| Privacy| Terms| Cookies

  • Facebook
  • Twitter
  • LinkedIn
  • WhatsApp

In order to optimize the website and to continuously improve Datafloq, we use cookies. For more information click here.

settings

Dear visitor,
Thank you for visiting Datafloq. If you find our content interesting, please subscribe to our weekly newsletter:

Did you know that you can publish job posts for free on Datafloq? You can start immediately and find the best candidates for free! Click here to get started.

Not Now Subscribe

Thanks for visiting Datafloq
If you enjoyed our content on emerging technologies, why not subscribe to our weekly newsletter to receive the latest news straight into your mailbox?

Subscribe

No thanks

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Marketing cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!