Walmart-Flipkart deal: Traders' body CAIT to move court against Competition Commission of India's nod to the pact
6 years, 5 months ago

Walmart-Flipkart deal: Traders' body CAIT to move court against Competition Commission of India's nod to the pact

Firstpost  

The CAIT has been demanding the government to scrap the deal and constitute a regulatory authority to monitor the country’s e-commerce market. New Delhi: Traders’ body Confederation of All India Traders on Wednesday described as ‘most unfortunate’ the Competition Commission of India’s move to clear the Walmart-Flipkart deal and said it will approach the court against the decision. The Competition Commission on Wednesday said it has approved US retail giant Walmart’s proposed acquisition of Flipkart. “@CCI_India approves proposed acquisition of Flipkart Private Limited by Wal-Mart International Holdings, Inc,” the regulator said in a tweet.

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History of this topic

Amazon, Flipkart face FEMA violation probes; ED conducts pan-India raids
Trending News
2 months, 1 week ago

Amazon, Flipkart face FEMA violation probes; ED conducts pan-India raids

Firstpost  

A probe has been initiated by the federal agency under the provisions of the Foreign Exchange Management Act after it received several complaints against the two large e-commerce companies where it is alleged that they were ”violating India’s FDI rules New Delhi: The Enforcement Directorate Thursday conducted searches against some of the ”main vendors” operating on platforms of e-commerce giants …

Foreign E-commerce Giants Dodge Regulations To Dominate Indian Market: CAIT
8 months, 2 weeks ago

Foreign E-commerce Giants Dodge Regulations To Dominate Indian Market: CAIT

ABP News  

Praveen Khandelwal, Secretary General of the Confederation of All India Traders and a Lok Sabha candidate for the BJP accused foreign e-commerce giants such as Amazon and Walmart-owned Flipkart of sidestepping regulations and laws in their aggressive efforts to dominate the Indian market. In response to a television media report suggesting that the Competition Commission of India has uncovered suspected …

What led to Piyush Goyal’s outburst against India Inc.?
3 years, 4 months ago

What led to Piyush Goyal’s outburst against India Inc.?

The Hindu  

The story so far : Union Commerce Minister Piyush Goyal launched a verbal attack last week against Indian corporations, alleging that they were putting their narrow business interests ahead of the larger national interest. The Tata Group is also concerned that under the new rules it won’t be able to sell goods offered by Starbucks, in which it holds a …

In Compliance with Indian Laws, Will Cooperate with Enforcement Directorate on Notice: Flipkart
3 years, 5 months ago

In Compliance with Indian Laws, Will Cooperate with Enforcement Directorate on Notice: Flipkart

News 18  

Walmart-owned Flipkart on Thursday said the company is in compliance with Indian laws, including FDI regulations, and will cooperate with the Enforcement Directorate on the notice sent to the e-commerce major. The Enforcement Directorate has issued a show cause notice of Rs 10,600 crore to Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said …

Govt steps up enforcement at markets; unfair to lay all blame on us, say traders
3 years, 5 months ago

Govt steps up enforcement at markets; unfair to lay all blame on us, say traders

Hindustan Times  

After several recorded instances of violations of Covid-19 regulations at markets in the city over the last four weeks, the state government has deployed 149 teams to enforce masking and distancing norms in these usually crowded spots. In the last four weeks, at least 30 markets in the city — including Laxmi Nagar market, large parts of Sadar Bazar, Gaffar …

Walmart’s Flipkart says Indian probe shouldn’t treat it the same as Amazon
3 years, 5 months ago

Walmart’s Flipkart says Indian probe shouldn’t treat it the same as Amazon

Live Mint  

NEW DELHI: Walmart's Flipkart should not be treated the same as rival Amazon in an Indian antitrust probe as the evidence against the two firms was "qualitatively different", Flipkart argued in a court filing seen by Reuters. Both Amazon and Flipkart have challenged the Competition Commission of India in court as they seek revocation of an Indian court's June decision …

Flipkart challenges Karnataka High Court order allowing Competition Commission of India investigation
3 years, 6 months ago

Flipkart challenges Karnataka High Court order allowing Competition Commission of India investigation

The Hindu  

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 Competition Commission of India launched an investigation in January last year after a complaint accused Flipkart and Amazon of promoting select sellers on their e-commerce platforms and using …

Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA
4 years ago

Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA

News 18  

In a significant development related to disputes between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart. The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders for blatant violation of FDI Policy and Foreign …

Centre Directs ED, RBI to Act Against Amazon and Flipkart for FDI, FEMA Violations
4 years ago

Centre Directs ED, RBI to Act Against Amazon and Flipkart for FDI, FEMA Violations

News 18  

In a significant development related to war between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart. The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders alleging blatant violation of FDI Policy and Foreign …

CAIT seeks strict action against Amazon in letter to ED, claims predatory pricing caused misery to small traders
4 years, 1 month ago

CAIT seeks strict action against Amazon in letter to ED, claims predatory pricing caused misery to small traders

Firstpost  

The traders’ body claimed that despite the constant violations, no action has been taken against Amazon because of which 7 crore traders in India are feeling cheated and left out New Delhi: Traders’ body CAIT on Sunday said it has written to the Enforcement Directorate seeking “strict action” against Amazon, claiming that the e-commerce major has caused “misery” to small …

Traders Support Future Retail in Battle Against Amazon
4 years, 2 months ago

Traders Support Future Retail in Battle Against Amazon

News 18  

Traders body, CAIT has compared Amazon with East India Company in the colonial era which acquired Indian states one by one and monopolized Indian business. “The recent statement made by Indian origin Future Retail group to go for liquidation as a consequence of a acquisition battle of Amazon reminds us the colonial era when East India Company initiated the process …

BharatEMarket logo launched, Govt says committed to provide level-playing field in e-commerce
4 years, 2 months ago

BharatEMarket logo launched, Govt says committed to provide level-playing field in e-commerce

India TV News  

Minister of State for Commerce Som Parkash on Friday said the government will not spare any efforts in maintaining a level-playing field in e-commerce and stressed that violation of government policy "will not be tolerated anymore". He was speaking via video conferencing at the event to launch the logo of the upcoming e-commerce portal 'BharatEMarket' of the Confederation of All …

NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart
4 years, 10 months ago

NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart

India TV News  

The National Company Law Appellate Tribunal on Thursday dismissed a petition filed by traders' body CAIT against CCI nod to Walmart's USD 16-billion acquisition of Flipkart. A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal. NCLAT also said Flipkart was not even …

NCLAT sets aside CAIT plea against CCI nod to Walmart's $16-billion acquisition of Flipkart
4 years, 10 months ago

NCLAT sets aside CAIT plea against CCI nod to Walmart's $16-billion acquisition of Flipkart

Firstpost  

New Delhi: The National Company Law Appellate Tribunal on Thursday dismissed a petition filed by traders’ body CAIT against CCI nod to Walmart’s $16-billion acquisition of Flipkart. A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal. NCLAT also said Flipkart was not …

NCLAT asks CCI to probe against Flipkart over allegations of unfair practices; says vendors' body successfully presented case
4 years, 10 months ago

NCLAT asks CCI to probe against Flipkart over allegations of unfair practices; says vendors' body successfully presented case

Firstpost  

The AIOVA alleged abuse of market dominance against Flipkart India, which is into wholesale trading/distribution of books, mobiles, computers and related accessories, and e-commerce marketplace Flipkart Internet. New Delhi: The National Company Law Appellate Tribunal on Wednesday asked the fair trade regulator CCI to initiate again the probe against Flipkart for alleged use of its dominant position. “We set aside …

CCI Orders Probe Against Amazon & Flipkart For Alleged Violations Of Competition Law [Read Order]
5 years ago

CCI Orders Probe Against Amazon & Flipkart For Alleged Violations Of Competition Law [Read Order]

Live Law  

In a set-back to Amazon and Flipkart, the Competition Commission of India on Monday directed the Director General to probe the allegations of violation of Competition Act by these e-commerce giants.The order was passed by the Commission on a prima facie finding that the Amazon and Flipkart were giving undue promotion to some sellers over other smaller sellers.The complaint was …

Antitrust probe ordered against Amazon, Flipkart
5 years ago

Antitrust probe ordered against Amazon, Flipkart

The Hindu  

India’s antitrust body on Monday ordered an investigation into alleged competition law violations by Amazon.com Inc. and Walmart’s Flipkart, the latest setback for U.S.-based e-commerce giants operating in the country. The Competition Commission of India said it was ordering a wider probe following a review of allegations that Amazon and Flipkart were promoting some “preferred sellers” and in turn impacting …

CAIT urges govt to take action against e-commerce firms flouting FDI policy, indulging in unfair practices
5 years ago

CAIT urges govt to take action against e-commerce firms flouting FDI policy, indulging in unfair practices

Firstpost  

CAIT also criticised the Ministry of MSME’s reported move to join hands with some prominent e-commerce companies for onboarding of small retailers on their platforms New Delhi: Traders’ body CAIT on Sunday urged the government to take action against e-commerce companies flouting Foreign Direct Investment norms and indulging in unfair practices. Terming such firms “global economic terrorist” and “economic intruders, …

CAIT seeks action against Flipkart, Amazon for FDI norms violation, calls them 'economic terrorists'
5 years, 1 month ago

CAIT seeks action against Flipkart, Amazon for FDI norms violation, calls them 'economic terrorists'

Firstpost  

The CAIT claimed that small retailers have suffered at the hands of Amazon, Flipkart and other e-commerce portals for the last one year, leading to decline in their business. New Delhi: Traders’ body CAIT on Sunday lashed out at e-commerce majors Amazon and Flipkart, calling them “economic terrorists”, and demanded that the government take action against them for alleged violation …

Govt mulls ombudsman for e-commerce sector
5 years, 2 months ago

Govt mulls ombudsman for e-commerce sector

Deccan Chronicle  

Chennai: The government is keen to have an ombudsman for e-commerce, but is not looking at constituting an independent regulator for the sector. Some time back, the stakeholders of retail trade had demanded constitution of a regulatory authority for the e-commerce sector on the lines of Telecom Regulatory Authority of India and Insurance Regulatory Auhority of India. Considering the growth …

Govt plans regulator to monitor online retailers, curb disputes
5 years, 2 months ago

Govt plans regulator to monitor online retailers, curb disputes

Live Mint  

India is examining the feasibility of setting up a regulatory authority to settle disputes related to e-commerce, a top government official said, amid a raging battle between big online retailers and mom-and-pop stores. “We plan to implement the policy within this financial year.” Prime Minister Narendra Modi’s administration is under pressure from small traders to act against the big online …

Traders' body CAIT to launch nation-wide movement to protest against Amazon, Flipkart
5 years, 2 months ago

Traders' body CAIT to launch nation-wide movement to protest against Amazon, Flipkart

Firstpost  

Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country’s retail business New Delhi: Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are …

Traders’ body CAIT to launch nation-wide movement against Amazon, Flipkart
5 years, 2 months ago

Traders’ body CAIT to launch nation-wide movement against Amazon, Flipkart

Live Mint  

Traders' body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country's retail business. In a statement, the Confederation of All India Traders said, "Both Amazon and Flipkart still continue to sell goods on their portal at predatory pricing, deep …

Traders body CAIT seeks Narendra Modi's intervention in e-retailers alleged unethical business model
5 years, 2 months ago

Traders body CAIT seeks Narendra Modi's intervention in e-retailers alleged unethical business model

Firstpost  

New Delhi: The Confederation of All India Traders on Wednesday said it has sought Prime Minister Narendra Modi’s intervention in the issue of alleged unethical practice of online retailers, including Amazon and Flipkart. “CAIT today took the matter of unethical business practices of Amazon and Flipkart and other e-commerce companies to the court of Prime Minister Narendra Modi and in …

CAIT urges PM not to yield ground to Walmart, other e-commerce players; says such firms have no regard for Indian laws, policies
5 years, 2 months ago

CAIT urges PM not to yield ground to Walmart, other e-commerce players; says such firms have no regard for Indian laws, policies

Firstpost  

CAIT’s secretary general Praveen Khandelwal accused e-commerce firms of attempting to directly control India’s economy by indulging in ‘unfair and monopolistic’ business practices New Delhi: Traders’ body CAIT on Tuesday urged Prime Minister Narendra Modi not to concede any ground to Walmart and other overseas e-commerce players, saying such firms have no regard for the sanctity of Indian laws and …

CAIT wants govt to probe ’unholy nexus’ of e-commerce firms, banks
5 years, 2 months ago

CAIT wants govt to probe ’unholy nexus’ of e-commerce firms, banks

Live Mint  

Traders' body CAIT on Sunday demanded a high-level enquiry by the Centre to probe the "unholy nexus" of e-commerce firms, companies owning brands and banks for causing price distortion in the country’s e-commerce market. In a statement, CAIT claimed that not only e-commerce firms like Amazon and Flipkart, but a large number of companies owning brands, particularly in mobile, FMCG, …

Walmart told US in January India's new investment rules for e-commerce were regressive, says Reuters report
5 years, 6 months ago

Walmart told US in January India's new investment rules for e-commerce were regressive, says Reuters report

Firstpost  

Walmart told the US government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties a company document seen by Reuters showed New Delhi: Walmart told the US government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a …

Walmart told US government India e-commerce rules regressive, warned of trade impact
5 years, 6 months ago

Walmart told US government India e-commerce rules regressive, warned of trade impact

Firstpost  

In a closed-door meeting last month, however, Goyal warned both Flipkart and Amazon to comply with the new rules in letter and spirit, Washington: Walmart told the US government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen by Reuters showed. In its January representation, …

Walmart told US govt. that India's e-commerce rules were regressive, could impact trade
5 years, 6 months ago

Walmart told US govt. that India's e-commerce rules were regressive, could impact trade

Firstpost  

The new findings underline the level of concern at Walmart about India’s new e-commerce rules. Walmart told the US government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen by Reuters showed. In its January representation, Walmart told the USTR that India’s new policy wasn’t …

Walmart faces major India test over Flipkart’s legal spat with startup
5 years, 7 months ago

Walmart faces major India test over Flipkart’s legal spat with startup

Live Mint  

New Delhi: An Indian startup's legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country. The legal tussle between GOQii, a seller of smartwatch-type health devices, and Walmart's Flipkart unit, comes …

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance
5 years, 11 months ago

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance

Firstpost  

The revised policy on FDI in online retail said that these firms have to offer equal services or facilities to all its vendors without discrimination. Amazon and Walmart-owned Flipkart have sought more time from the government to comply with the new changes in the foreign direct investment policy for e-commerce firms as they find it difficult to execute the changes …

CAIT exhorts Suresh Prabhu not to revise FDI policy to the advantage of big e-comm firms
6 years ago

CAIT exhorts Suresh Prabhu not to revise FDI policy to the advantage of big e-comm firms

Live Mint  

New Delhi: Traders’ body CAIT Thursday asked the government not to bring in changes in the FDI policy on e-commerce that could give an upper hand to big players in the sector. The government last month announced changes to FDI policy for e-commerce sector, which would put an end to the barrage of discounts and cashback offers by online platforms …

E-commerce rules tightened; govt bans online firms from entering into exclusive agreements with sellers
6 years ago

E-commerce rules tightened; govt bans online firms from entering into exclusive agreements with sellers

Firstpost  

The government also said that e-commerce companies will be prevented from entering into exclusive agreements with sellers. The new regulations follow complaints from Indian retailers and traders, who say the giant e-commerce companies are using their control over inventory from their affiliates, and through exclusive sales agreements, to create an unfair marketplace that allows them to sell some products at …

Traders’ body rallies over FDI and sealing
6 years ago

Traders’ body rallies over FDI and sealing

The Hindu  

Thousands of traders under the banner of the Confederation of All India Traders, staged a protest to demand that the government introduce Bill to stop Foreign Direct Investment in retail and to stop the sealing drive in Delhi, on Wednesday. Bhartia said that unchecked, e-commerce and FDI in retail had wrecked domestic retail with multinational corporations adopting unhealthy practices to …

CAIT wants govt to launch e-commerce marketplace in partnership with trade associations
6 years, 1 month ago

CAIT wants govt to launch e-commerce marketplace in partnership with trade associations

Firstpost  

CAIT demanded early announcement of an e-commerce policy and formation of a Regulatory Authority to monitor the e-commerce business in India. New Delhi: Traders’ body CAIT Thursday urged the government to launch an e-commerce marketplace portal in partnership with trade associations where small traders, artisans and women entrepreneurs can sell their products in a ‘fair and transparent manner’. The Confederation …

Flipkart and Amazon not misusing their dominant market position in India: CCI
6 years, 2 months ago

Flipkart and Amazon not misusing their dominant market position in India: CCI

Firstpost  

The decision is a defeat for a lobby group representing thousands of online sellers in India. Amazon and its rival in India, the Walmart-owned Flipkart, did not break regulations through their selection of merchants and brands, the Competition Commission of India said in a ruling late on Tuesday. A case brought by the All India Online Vendors Association, which represents …

Flipkart and Amazon did not break regulations, not abusing market position in India: CCI
6 years, 2 months ago

Flipkart and Amazon did not break regulations, not abusing market position in India: CCI

Firstpost  

The CCI added its “considered opinion” was that Amazon has also not broken the rules. New Delhi: Amazon and its rival in India, the Walmart-owned Flipkart, did not break regulations through their selection of merchants and brands, the Competition Commission of India said in a ruling late on Tuesday. A case brought by the All India Online Vendors Association, which …

CAIT to NCLAT: Walmart may repeat 'predatory behaviour' in India as well
6 years, 3 months ago

CAIT to NCLAT: Walmart may repeat 'predatory behaviour' in India as well

India TV News  

Traders' body CAIT has told the NCLAT that Walmart has been found "guilty of predatory behaviour" in countries like Germany, Mexico and South Africa and "may repeat such behaviour in India" through its acquisition of online major Flipkart. The Confederation of All India Traders, which has challenged the CCI's approval of Walmart's USD 16 billion acquisition of Flipkart, in its …

Traders' body CAIT writes to commerce minister Suresh Prabhu over plans to change draft e-commerce policy
6 years, 3 months ago

Traders' body CAIT writes to commerce minister Suresh Prabhu over plans to change draft e-commerce policy

Firstpost  

The Confederation of All India Traders said that the country’s e-commerce market has considerably grown in size and scale which needs a codified policy and a regulatory authority to regulate and monitor the market. Mumbai: Traders’ body CAIT on Wednesday termed the government’s reported move to drop the draft of e-commerce policy as a regressive step, and has written to …

Traders call nationwide strike on September 28 against Walmart-Flipkart deal
6 years, 4 months ago

Traders call nationwide strike on September 28 against Walmart-Flipkart deal

India TV News  

As many as 7 crore traders across the country are expected to keep their shutters closed on September 28 to register protest against acquisition of Flipkart by US retail giant Walmart. Almost 7 crore traders across country will keep their shutters closed to protest against Walmart acquiring Flipkart," CAIT secretary general Praveen Khandelwal said. Reacting to CAIT's call for nationwide …

All India traders strike against Walmart-Flipkart deal: CAIT
6 years, 4 months ago

All India traders strike against Walmart-Flipkart deal: CAIT

India TV News  

The Confederation of All India Traders on Monday called for an all India traders strike against the Walmart-Flipkart deal on September 28. "We have also planned a host of other activities like a mega traders protest march to gain public support against the deal." Accordingly, the confederation has called for a 'Bharat Trade Bandh' on September 28 and a massive …

Walmart-Flipkart deal: CCI says discounting practice 'already prevalent', no bar on it to probe
6 years, 5 months ago

Walmart-Flipkart deal: CCI says discounting practice 'already prevalent', no bar on it to probe

Firstpost  

In its detailed order clearing the deal, the CCI has said the deal is “not likely” to have an appreciable adverse effect on competition in India. The Competition Commission also observed that the complaint about Flipkart’s discounting practice or preference to select e-tailers is not specific to this merger deal and is “already prevalent” in the market. In its detailed …

Flipkart-Walmart deal crosses key CCI hurdle
6 years, 5 months ago

Flipkart-Walmart deal crosses key CCI hurdle

Live Mint  

Bengaluru: India’s antitrust regulator has approved Walmart’s $16-billion purchase of Flipkart, despite protests from traders across the country over fears that the deal would drive several small retailers out of business. Interestingly, CCI said Flipkart’s discounting practices might need to be dealt with separately, an issue that assumes significance in the wake of the new draft policy that proposes further …

Commerce and industry ministry asks ED to look into complaints related to alleged violation of FDI norms
6 years, 5 months ago

Commerce and industry ministry asks ED to look into complaints related to alleged violation of FDI norms

Firstpost  

Traders body CAIT has time again filed complaints with the ministry on the issue and violation of FDI in e-commerce rules by certain online retail firms New Delhi: Commerce and Industry Minister Suresh Prabhu on Wednesday said the ministry has asked the Enforcement Directorate to look into the complaints related to alleged violation of foreign direct investment norms by some …

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