CCI finds Amazon, Walmart's Flipkart breaching antitrust laws
By MYBRANDBOOK
The Competition Commission of India (CCI) has found U.S. e-commerce giant Amazon and Walmart's Flipkart violating local competition laws by giving preference to select sellers on their shopping websites.
In 2020, the antitrust investigation agency ordered an investigation into Amazon and Flipkart for allegedly promoting certain sellers with which they had business arrangements and giving priority to certain listings. The two companies will now review the report and file any objections before CCI.
In a 1027-page report on Amazon and a separate 1,696-page report on Flipkart, both dated Aug. 9, the CCI investigators said the two companies were found to have created an ecosystem where preferred sellers appeared higher in search results, elbowing out other sellers.
"Each of the anti-competitive practices alleged ... were investigated and found to be true," said both the reports, as cited by Amazon.
"Ordinary sellers remained as mere database entries," the two reports said in identical conclusions on both companies.
The investigation was triggered by a complaint from the Delhi Vyapar Mahasangh, which is an affiliate of the country's biggest trade body, Confederation of All India Traders (CAIT), that represents 80 million retailers.
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
GLOBUS INFOCOM LTD.
SAFE SECURITY SERVICES PVT. LTD.
STERLITE TECHNOLOGIES LTD.
BEETEL TELETECH LTD.
Icons Of India : Anil Agarwal
Anil Agarwal, the Founder and Chairman of Vedanta Resources Ltd., is r...
Icons Of India : Arundhati Bhattacharya
Arundhati Bhattacharya serves as the Chairperson and CEO of Salesforce...
Icons Of India : CP Gurnani
Former Managing Director and CEO of the well-known IT service company ...
C-DAC - Centre for Development of Advanced Computing
C-DAC is uniquely positioned in the field of advanced computing...
GeM - Government e Marketplace
GeM is to facilitate the procurement of goods and services by various ...
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
Indian Tech Talent Excelling The Tech World - NIKESH ARORA, Chairman CEO - Palo Alto Networks
Nikesh Arora, the Chairman and CEO of Palo Alto Networks, is steering ...
Indian Tech Talent Excelling The Tech World - George Kurian, CEO, Netapp
George Kurian, the CEO of global data storage and management services ...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...