Amazon, Tata say Indian govt e-commerce rules will hit businesses
3 years, 5 months ago

Amazon, Tata say Indian govt e-commerce rules will hit businesses

The Hindu  

Amazon.com Inc and India's Tata Group warned government officials on Saturday that plans for tougher rules for online retailers would have a major impact on their business models, four sources familiar with the discussions told Reuters. The government's tough new e-commerce rules announced on June 21 aimed at strengthening protection for consumers, caused concern among the country's online retailers, notably market leaders Amazon and Walmart Inc's Flipkart. New rules limiting flash sales, barring misleading Amazon argued that COVID-19 had already hit small businesses and the proposed rules will have a huge impact on its sellers,arguing that some clauses were already covered by existing law,two of the sources said. The rules were announced last month amid growing complaints from India's brick-and-mortar retailers that Amazon and Flipkart bypass foreign investment law using complex business structures.

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History of this topic

ED likely to summon top Amazon, Flipkart executives over FDI rule violations
1 month ago

ED likely to summon top Amazon, Flipkart executives over FDI rule violations

India Today  

Top executives of e-commerce giants Amazon and Flipkart are under the scanner of the Enforcement Directorate over alleged violations of foreign investment regulations, sources have told India Today. The development follows extensive searches conducted by the ED at over 19 locations associated with vendors of Amazon and Flipkart across Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula. The ED's investigation stems from …

ED to question Amazon, Flipkart officials over alleged foreign investment law violations: Report
1 month, 1 week ago

ED to question Amazon, Flipkart officials over alleged foreign investment law violations: Report

Live Mint  

The Enforcement Directorate of India will question Amazon and Flipkart officials as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, Reuters reported on Monday, November 11, citing a senior government source. The latest raids were triggered by Amazon and Flipkart's antitrust investigation findings, which said the platforms “had …

Flipkart, Amazon under scrutiny for foreign investment violations: Report
Trending News
1 month, 1 week ago

Flipkart, Amazon under scrutiny for foreign investment violations: Report

India Today  

The government is planning to summon executives from Flipkart and Amazon as part of a deeper investigation into possible violations of foreign investment rules, reported news agency Reuters. The action highlights the rising regulatory scrutiny faced by Walmart-owned Flipkart and Amazon, both of which are experiencing rapid growth in India’s Rs 70 billion e-commerce market. Following last week’s raids on …

Amazon seeks to pause antitrust review of 2019 deal with India's Future Group: Report
3 years ago

Amazon seeks to pause antitrust review of 2019 deal with India's Future Group: Report

India Today  

Amazon.com Inc has asked India's Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers seen by Reuters showed. The Competition Commission of India in June accused Amazon of concealing facts and making false submissions when it sought approval for the …

'Will take action against Amazon if...': MP minister on ganja peddling through e-commerce site
3 years, 1 month ago

'Will take action against Amazon if...': MP minister on ganja peddling through e-commerce site

Hindustan Times  

Madhya Pradesh home minister Narottam Mishra on Thursday said the government has asked e-commerce site Amazon to cooperate in the recent case of drug peddling that was believed to be using Amazon's e-commerce website for moving more tham 1,000kg of marijuana from Viskhapatnam in Andhra Pradesh to three states. Madhya Pradesh home minister Narottam Mishra said the state will come …

After anti-nation Infosys row, Panchjanya calls Amazon East India Company 2.0
3 years, 2 months ago

After anti-nation Infosys row, Panchjanya calls Amazon East India Company 2.0

Firstpost  

The RSS-linked weekly has claimed that the e-commerce giant wants to establish its monopoly in the Indian market by seizing economic, political and personal freedom of the Indian citizens New Delhi: E-commerce major Amazon has been termed as “East India Company 2.0” by the RSS-linked weekly, Panchjanya, which has also alleged that the firm has paid crores of rupees in …

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 …

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 …

Amazon, Tata say new e-commerce rules will hit businesses, say sources
3 years, 5 months ago

Amazon, Tata say new e-commerce rules will hit businesses, say sources

The Hindu  

Amazon.com Inc and Tata Group warned government officials on Saturday that plans for tougher rules for online retailers would have a major impact on their business models, four sources familiar with the discussions told Reuters. The government’s new e-commerce rules announced on June 21 aimed at strengthening protection for consumers, caused concern among the country’s online retailers, notably market leaders …

E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify
3 years, 5 months ago

E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify

India TV News  

As e-commerce regulations are tightened, the fight between foreign companies Amazon, Flipkart, and Indian companies Reliance, Tata Group is set to intensify. 100% FDI is allowed in marketplace but regulations are evolving - 2018 rules pushed Amazon to reduce stake in a key seller. However, in 2021, there have been amendments to those rules, still at a draft stage and …

Union government’s new e-commerce rules target Amazon and Flipkart-Walmart
3 years, 5 months ago

Union government’s new e-commerce rules target Amazon and Flipkart-Walmart

The Hindu  

T he National Democratic Alliance government has decided to further tighten its regulation of e-commerce, taking on foreign giants such as Amazon and Flipkart-Walmart in particular, with implications for domestic organised retail majors such as Reliance. Specifically, the guidelines noted that 100 per cent FDI under the automatic route is permitted only in a marketplace model of e-commerce, where the …

U.S. lobby group views India's e-commerce plan as worrying
3 years, 6 months ago

U.S. lobby group views India's e-commerce plan as worrying

The Hindu  

A top lobby group that is part of the U.S. Chamber of Commerce believes India's proposed new e-commerce rules are a cause for concern and will lead to a stringent operating environment for companies, according to an email reviewed by Reuters. India this week spooked online retailers like Amazon and Walmart's Flipkart by outlining plans to limit "flash sales", reining …

EU antitrust regulators to investigate Google, new e-commerce Indian rules
3 years, 6 months ago

EU antitrust regulators to investigate Google, new e-commerce Indian rules

Op India  

On June 22, European Union Antitrust Regulators opened an investigation against adtech business of Google to examine if the company favoured its own business over rivals, advertisers and online publishers. EU antitrust regulators to investigate Google’s adtech business https://t.co/zz4iQanCP2 pic.twitter.com/eycyhP7kBm — Reuters June 22, 2021 As per reports, Google generated $147 billion in revenue from online ads in 2020. The …

Explained: Government Proposes New E-commerce Rules, Here's What it Means for Consumers
3 years, 6 months ago

Explained: Government Proposes New E-commerce Rules, Here's What it Means for Consumers

News 18  

The central government on Monday proposed amendments to the Consumer Protection Rules, 2020 and sought public comments on banning “mis-selling” and fraudulent “flash sale” of goods and services on e-commerce platforms such as Flipkart and Amazon. The new draft rules have also proposed that every e-commerce entity which intends to operate in India must register itself with the Department for …

Reliance Retail tells government e-commerce players bypassing foreign investment norms
3 years, 8 months ago

Reliance Retail tells government e-commerce players bypassing foreign investment norms

The Hindu  

Billionaire Mukesh Ambani’s Reliance Retail on Thursday told the government that complex legal structures have been used by some firms to bypass the country’s e-commerce rules which from the very beginning do not allow foreign capital in the inventory-based model. At a meeting called by the Commerce Ministry on allegations that foreign online retailers created complex structures to bypass foreign …

New Indian e-com policy may change your Flipkart, Amazon shopping experience
3 years, 9 months ago

New Indian e-com policy may change your Flipkart, Amazon shopping experience

India Today  

The Indian government is drafting a new policy for e-commerce retailers in India that will require Amazon, Flipkart and others to treat sellers equally. Notably, the new e-commerce policy will apply to Amazon, Flipkart and all other online retailers that follow a similar model. New e-commerce policy: What it could mean for various Amazon and Flipkart sales While the new …

Traders' Body CAIT Calls for Ban on Amazon in Country After Reuters Report
3 years, 10 months ago

Traders' Body CAIT Calls for Ban on Amazon in Country After Reuters Report

News 18  

A leading group of Indian retailers on Wednesday urged the government to ban the local operations of Amazon.com Inc, after Reuters reported the US e-commerce giant has for years given preferential treatment to a small group of sellers on its India platform and used them to circumvent the country’s strict foreign investment regulations. The Reuters report, based on internal Amazon …

CAIT seeks ban on Amazon in India
3 years, 10 months ago

CAIT seeks ban on Amazon in India

The Hindu  

A leading group of Indian retailers on Wednesday urged the government to ban the local operations of Amazon.com Inc, after Reuters reported the U.S. e-commerce giant has for years given preferential treatment to a small group of sellers on its India platform and used them to circumvent the country's strict foreign investment regulations. In a statement, the Confederation of All …

Hearing of Flipkart, Amazon case resumes
3 years, 11 months ago

Hearing of Flipkart, Amazon case resumes

Live Mint  

Karnataka high court on Monday said it will begin daily hearing of the case between the Competition Commission of India and India’s two biggest online retailers Flipkart and Amazon on Wednesday, two people aware of the development said. CCI had approached the high court in December to vacate a stay issued by the court in February 2020 on a probe …

CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End
4 years ago

CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End

News 18  

Trader’s body CAIT on Monday said Amazon’s “manipulative, coercive, arbitrary and dictatorial policies” to dominate India’s retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group’s proposed asset sale to Reliance Retail, a deal that is being opposed by Amazon. The court rejected Future Retail Ltd’s plea for an interim …

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

CAIT Asks ED to Take Strict Action Against Amazon for Causing 'Misery' to Small Traders
4 years ago

CAIT Asks ED to Take Strict Action Against Amazon for Causing 'Misery' to Small Traders

News 18  

The Confederation of All India Traders has written to the Enforcement Directorate with all the necessary details to prove that Amazon in India in 2012, over severe violations of rules and regulations of the country and causing misery to crores of small traders who are sought to be protected by the FDI Policy and the FEMA Rules and Regulations. “We …

Amazon May be on the Wrong Side of India’s FDI Rulebook for Multi-brand Retail on Dispute with Future Retail
4 years, 1 month ago

Amazon May be on the Wrong Side of India’s FDI Rulebook for Multi-brand Retail on Dispute with Future Retail

News 18  

Here is a sentence, which sounds innocuous and laced with bureaucratese at first glance, that may well be read and re-read several times and subjected to rigorous legal interpretation in the coming weeks. This sentence is from Clause of Section 5.2.15.4 titled “Multi-brand Retail Trading” of India’s “Consolidated FDI Policy”, an umbrella rulebook that contains micro-details of foreign investment regulations …

Traders' Body Accuses Amazon of Violating FDI Policy, Writes to Piyush Goyal; Company Denies Charges
4 years, 1 month ago

Traders' Body Accuses Amazon of Violating FDI Policy, Writes to Piyush Goyal; Company Denies Charges

News 18  

Traders' body CAIT on Wednesday accused e-commerce major Amazon of violating FDI policy and Foreign Exchange Management Act norms, a charge which the multinational company denied. The traders' body in a letter to Commerce Minister Piyush Goyal alleged that the online retailer has not sought the government's approval for conducting multi-brand retail activities in India and demanded action and imposition …

Traders Support Future Retail in Battle Against Amazon
4 years, 1 month 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 …

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