You are the news now

THE NEWS COMMENTER

Screenshot Reuters.com
VOTE  (0)  (0)

India orders antitrust probe against Amazon, Walmart's Flipkart


Added 01-13-20 09:03:02am EST - “India's antitrust body has ordered an investigation into alleged competitio...” - Reuters.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Reuters.com: “India orders antitrust probe against Amazon, Walmart's Flipkart”. Below is an excerpt from the article.

NEW DELHI (Reuters) - India’s antitrust body has ordered an investigation into alleged competition law violations by Amazon.com Inc and Walmart’s Flipkart, it said in an order on Monday.

The Competition Commission of India said that exclusive arrangements between mobile phone brands and e-commerce platforms, as well as allegations of e-commerce companies giving preferential treatment to certain sellers “merits an investigation”.

The investigation is the latest setback for Amazon and Walmart’s Flipkart, which Indian brick-and-mortar traders allege violate the country’s foreign investment rules.

Read more...

Anonymous comments are welcome, just check the "Comment Anonymously" box before submitting your comment. Note: Comments are free and open until someone ruins it. Don't dox, promote violence, etc. Be nice and have fun.

CLICK TO SHARE

COMMENTS VIA TWITTER






BACK TO THE HOME-PAGE