Advertisement

Flipkart, Amazon challenge India court order on antitrust probe: Report

02:58 PM Jun 17, 2021 | FPJ Web Desk

Walmart Inc’s Flipkart and Amazon.com Inc have filed legal challenges against the resumption of an antitrust investigation into their business practices, according to sources and a legal filing viewed by Reuters.

The latest development comes after India’s anti-trust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc’s Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said, Reuters reported earlier

Advertisement
Advertisement

On Wednesday, India’s anti-trust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc’s Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said, PTI reported. The comments come as major US technology firms, including Twitter and Facebook are at loggerheads with the government over issues such as data privacy bills and policies some industry executives have called protectionist.

Advertisement

The Competition Commission of India (CCI) initiated a probe in January last year on the basis of a complaint alleging Amazon and Flipkart promoted select sellers on their e-commerce platforms and that deep discounts stifled competition. The companies have denied wrongdoing.

Near-immediate legal challenges from the pair stalled the probe for over a year until a court last week allowed it to resume, having dismissed arguments that the CCI lacked evidence.

Meanwhile, the Confederation of All India Traders (CAIT) has launched an "e-commerce purification week" till June 21, which is gaining massive support from thousands of trade associations across the country protesting against Amazon, Walmart-owned Flipkart and many other foreign-funded e-commerce companies, IANS said. CAIT alleges these e-commerce companies have indulged into all kinds of unethical business practices with an objective of taking control of not only the e-commerce but even the retail business of India.

Their sinister designs have greatly vitiated the e-commerce landscape of the country, the traders body said.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

(To view our epaper please Read Now. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Advertisement