Indian court deals blow to Amazon, Walmart's Flipkart in antitrust case


FILE PHOTO: The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid.

NEW DELHI (Reuters) -An Indian court dismissed pleas on Friday by Amazon.com Inc and Walmart's Flipkart to quash an antitrust investigation into the business practices of the U.S. firms, dealing them a blow in their key growth market.

The Competition Commission of India (CCI) announced its investigation in January 2020 after a trader group's complaint accused the firms of promoting some "preferred sellers" and hurting business for smaller sellers.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Intuitive Machines shares descend fast after the CEO says the moon lander is on its side
This week’s cellphone outage makes it clear: In the United States, landlines are languishing
EIA to temporarily suspend bitcoin miner survey after lawsuit -court document
Bezos, Nvidia join OpenAI in funding humanoid robot startup, Bloomberg reports
Julius Baer suffered IT crash last week
Nvidia hits $2 trillion valuation as AI frenzy grips Wall Street
MGM Resorts says regulators probing September cyberattack
Nvidia briefly hits $2 trillion valuation as AI frenzy grips Wall Street
Man found guilty of murder in Alaska Native woman’s killing that was captured on stolen memory card
Infineon bets on AI boom to spur more lucrative chip sales

Others Also Read