FDI shock for Flipkart, Amazon as govt says no to deadline extension
5 years, 11 months ago

FDI shock for Flipkart, Amazon as govt says no to deadline extension

Live Mint  

Bengaluru: The government snuffed out any hopes of deferring the implementation of new foreign investment rules in e-commerce, dealing a huge blow to Flipkart and Amazon India that have been lobbying furiously to get the new regulations postponed or scrapped entirely. India’s largest e-commerce firms, Flipkart and Amazon, are expected to bear the brunt of the new regulations, which come into effect on Friday. Once the new rules come into effect, Flipkart, Amazon India and other retailers such as Flipkart-owned fashion portal Myntra are expected to be the worst hit. In December, the government proposed stricter guidelines that govern FDI in e-commerce firms, barring exclusive tie-ups between e-commerce firms that follow the “marketplace model” and vendors using their platform, among other things.

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History of this topic

Amazon, Flipkart's support for unfair business practices irks CCI, matter goes to Supreme Court
1 month ago

Amazon, Flipkart's support for unfair business practices irks CCI, matter goes to Supreme Court

India TV News  

Troubles for Amazon and Flipkart continue as they face significant legal challenges. The Competition Commission of India has recently taken action by filing a petition in the Supreme Court, accusing both companies of unfair business practices. If the court rules in favour of Amazon and Flipkart, it could slow down the CCI's ongoing investigations and set a precedent for future …

India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases
Trending News
1 month ago

India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases

Live Mint  

* India's antitrust body seeks Supreme Court hearing on challenges in Amazon, Flipkart probe * Twenty-three legal challenges filed by Samsung, Vivo and vendors over investigation * Antitrust body says challenges aim to scuttle its investigation By Aditya Kalra NEW DELHI, Dec 9 - India's antitrust body has asked the Supreme Court to hear legal challenges to an investigation of …

ED likely to summon top Amazon, Flipkart executives over FDI rule violations
1 month, 3 weeks 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 start investigating Flipkart, Amazon's relationship with sellers
1 month, 3 weeks ago

ED to start investigating Flipkart, Amazon's relationship with sellers

Firstpost  

The ED is scrutinising whether Amazon and Flipkart controlled vendors in ways that violate regulations, which mandate that these platforms operate purely as intermediaries and not as inventory-based businesses Nationwide searches were conducted earlier this month at 19 sites linked to prominent sellers of Amazon and Flipkart in New Delhi, Bengaluru, and Hyderabad. Image Credit: Reuters The Enforcement Directorate is …

ED to question Amazon, Flipkart officials over alleged foreign investment law violations: Report
1 month, 4 weeks 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
2 months 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 …

ED raids offices of Flipkart and Amazon sellers across India due to alleged violations of foreign investment rules
2 months ago

ED raids offices of Flipkart and Amazon sellers across India due to alleged violations of foreign investment rules

India Today  

India’s financial crime agency, the Enforcement Directorate, has conducted raids on sellers associated with Amazon and Walmart-owned Flipkart, targeting alleged violations of the country's foreign investment rules. This latest probe follows findings from India’s antitrust body, which concluded that both Amazon and Flipkart, along with some of their sellers, violated competition laws by favouring specific sellers. This investigation marks yet …

ED raids offices of sellers using Amazon, Flipkart platforms in FEMA probe
Trending News
2 months ago

ED raids offices of sellers using Amazon, Flipkart platforms in FEMA probe

The Hindu  

The Enforcement Directorate on Thursday conducted searches against some sellers who do business on e-commerce giants like Amazon, Flipkart as part of a Foreign Exchange Management Act investigation, official sources said. They said the action is related to the financial transactions being done by some of the “preferred” vendors and sellers who do business through Amazon and Flipkart like e-commerce …

How e-com giant Flipkart is powering India’s retail growth story
2 years, 1 month ago

How e-com giant Flipkart is powering India’s retail growth story

Hindustan Times  

India is amongst the fastest-growing economies in the world today and e-commerce has acted as one of the major pillars of this growth, especially in the aftermath of the pandemic when customers across the country transitioned to online retail as the preferred platform for all kinds of purchases. As retail moved online and powered the growth of the economy, major …

India's Antitrust Raids Target Sellers on Amazon, Walmart's Flipkart
2 years, 8 months ago

India's Antitrust Raids Target Sellers on Amazon, Walmart's Flipkart

News 18  

India’s antitrust body launched raids early on Thursday against two top domestic sellers of online retail giant Amazon.com Inc, and some on Walmart’s Flipkart, following accusations of competition law violations, sources told Reuters. Indian retailers, key supporters of Prime Minister Narendra Modi, have long contended that Amazon and Flipkart‘s platforms benefit a few big sellers, via predatory pricing, though the …

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 …

Won’t intervene in CCI probe against Amazon, Flipkart: SC
3 years, 5 months ago

Won’t intervene in CCI probe against Amazon, Flipkart: SC

The Hindu  

The Supreme Court on Monday refused to intervene in an anti-trust investigation ordered by the Competition Commission of India against online giants, Flipkart and Amazon. enquiry should be permitted,” Chief Justice Ramana orally addressed Flipkart and Amazon, represented by senior advocates A.M. Singhvi and Gopal Subramanium, respectively, during the virtual court hearing. The court referred to Mr. Singhvi’s submission that …

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 Indian govt e-commerce rules will hit businesses
3 years, 6 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 …

E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify
3 years, 6 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 …

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 …

Explained: Will proposed e-commerce rules do away with flash sales, boost Make In India?
3 years, 6 months ago

Explained: Will proposed e-commerce rules do away with flash sales, boost Make In India?

Firstpost  

Along the lines of the grievance officers that social media platforms are required to appoint an India, e-commerce platforms, too, will be mandated to create the roles of a chief compliance officer, nodal contact person, and resident grievance officer The e-commerce marketplace in India is already worth more than $80 billion this year and, by 2027, will have touched $200 …

EXPLAINED: Will Proposed Changes To E-Commerce Rules Do Away With Flash Sales, Boost Make In India?
3 years, 6 months ago

EXPLAINED: Will Proposed Changes To E-Commerce Rules Do Away With Flash Sales, Boost Make In India?

News 18  

The e-commerce marketplace in India is already worth more than $80 billion this year and, by 2027, will have touched $200 billion in value. But the amended rules say that such “no e-commerce entity shall organise a flash sale of goods or services offered on its platform” where such a sale is “organised by fraudulently intercepting the ordinary course of …

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 …

E-Commerce Rules: What About Flash Sales? How Does It Affect You?
3 years, 6 months ago

E-Commerce Rules: What About Flash Sales? How Does It Affect You?

The Quint  

In the draft, the government highlighted that e-commerce companies won't be allowed to hold 'flash sales' in India. During flash sales, e-commerce platforms observe high spikes in customer orders as they offer heavy discounts on products, sometimes up to 80 percent. The ministry also proposed that e-commerce firms should appoint a chief compliance officer, a nodal contact person, and comply …

Flipkart, Amazon to soon stop flash sale smartphone, other products
3 years, 6 months ago

Flipkart, Amazon to soon stop flash sale smartphone, other products

India TV News  

E-commerce websites like Flipkart and Amazon occasionally host flash sales for smartphones as well as other products. With the new norms, the websites will not be permitted to hold any sort of flash sales. As a result, the Ministry of Consumer Affairs in its proposal has said that no e-commerce platform should be allowed to hold flash sales in India. …

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 …

Amazon, Flipkart may no longer host flash sales of smartphones and other goods
3 years, 6 months ago

Amazon, Flipkart may no longer host flash sales of smartphones and other goods

India Today  

The government of India is planning to introduce stricter norms for e-commerce platforms like Flipkart, Amazon. Walmart-owned Flipkart, Amazon hold countless sales thorough out the year which seems to be hampering the small businesses, under the new law such sales would be prohibited The government has said in its release that it has received countless complaints from consumers, traders and …

India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies: Report
3 years, 6 months ago

India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies: Report

Hindustan Times  

India's antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc's Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said. The probe into Amazon and Flipkart is restarting at a time when both are battling accusations from offline retailers that their complex business structures allow …

Amazon, Flipkart to only deliver essential orders in Delhi
3 years, 8 months ago

Amazon, Flipkart to only deliver essential orders in Delhi

India Today  

E-commerce platforms Flipkart and Amazon have stopped delivering non-essential good in Delhi after the lockdown was imposed in the city by the government. Confirming the same, Amazon India spokesperson said in a statement, “Customers trust Amazon.in to safely deliver all products according to their respective needs. We request the Delhi Government to allow delivery and inter / intra state movement …

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 …

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 …

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 …

Amazon announces sale to mark Small Business Day
4 years, 1 month ago

Amazon announces sale to mark Small Business Day

Live Mint  

On December 12, Amazon India will open its one-day sale to mark the fourth edition of its Small Business Day event. On the Small Business Day sale, in a bid to support small businesses, the primary focus will be on startups, women entrepreneurs, artisans and weavers, and local shops. Apart from the Small Business Day sale and Blaupunkt End of …

CAIT Asks ED to Take Strict Action Against Amazon for Causing 'Misery' to Small Traders
4 years, 1 month 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, 2 months 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 …

Amazon, Flipkart begin 2nd festive sale round after 7-day fiesta
4 years, 2 months ago

Amazon, Flipkart begin 2nd festive sale round after 7-day fiesta

India TV News  

Amazon and Flipkart are the two popular e-commerce retailers in India. Amazon on Saturday announced ‘Happiness Upgrade Days' where customers will get special offers on a wide range of products across categories from top brands till October 28. "The customers can save big with a 10 per cent instant bank discount on Axis Bank, Citibank and ICICI Bank credit and …

Flipkart and Amazon gear up for second round of sale and deals, announce new offers
4 years, 2 months ago

Flipkart and Amazon gear up for second round of sale and deals, announce new offers

India Today  

The sale and discount season that Flipkart and Amazon started around 10 days ago continues, with both e-retailers announcing fresh offers and deals. In some ways these offers are and deals are better than what was available during Amazon Great Indian festival Sale and Flipkart Big Billion Days but in some ways they are worse. They can get a 5 …

Central Govt Issues Notice to Amazon & Flipkart for Not Displaying Country of Origin Amid Sale Season
4 years, 2 months ago

Central Govt Issues Notice to Amazon & Flipkart for Not Displaying Country of Origin Amid Sale Season

News 18  

The Central government has issued notices to Amazon and Flipkart for not displaying the country of origin of the products sold on their websites amid the platforms’ ongoing annual sales event in India. “It has come to the notice of the Department of Consumer Affairs that some of the e-commerce entities are not displaying the mandatory declaration as required under …

Amazon to extend Diwali sales event to entire month in battle for Indian wallets
4 years, 3 months ago

Amazon to extend Diwali sales event to entire month in battle for Indian wallets

Live Mint  

Amazon.com Inc. is extending its Diwali sales event to an entire month this year, hoping to outdo rival Walmart Inc.‘s Flipkart in the race to unlock latent demand as India’s shoppers emerge from drawn-out pandemic lockdowns. But unlike Flipkart, which is sticking to a six-day event, Amazon plans to keep the discounts going right up to the mid-November Diwali celebration, …

Walmart's Flipkart Starts Wholesale E-commerce Service in India
4 years, 4 months ago

Walmart's Flipkart Starts Wholesale E-commerce Service in India

News 18  

India’s Flipkart launched an online wholesale service for mom-and-pop stores and other small businesses on Wednesday, as the Walmart-owned firm seeks to better compete with Amazon and other players in a battleground market for e-commerce. Flipkart, majority-owned by Walmart Inc, bought the U.S. retail giant’s wholesale business in India in July. Amazon.com Inc and other e-commerce players including online grocery …

Flipkart awaits advisories from states for resuming full services; Centre allows delivery of non-essential items by e-commerce platforms
4 years, 7 months ago

Flipkart awaits advisories from states for resuming full services; Centre allows delivery of non-essential items by e-commerce platforms

Firstpost  

Sales of non-essential items on e-commerce platforms in the first week of May, after sales of such items were allowed in green and orange zones, were lower than last year on account of the lockdown. New Delhi: Walmart-owned Flipkart on Monday said it is awaiting advisories from different states for resuming full services, including in red zones, a day after …

Flipkart, Amazon empowers lakhs of sellers ahead of resuming full operations
4 years, 8 months ago

Flipkart, Amazon empowers lakhs of sellers ahead of resuming full operations

India TV News  

After the government's decision to allow non-essential items sale on e-commerce platforms from April 20, Flipkart and Amazon have announced several measures to empower lakhs of sellers and SMBs on their marketplaces, as they began the exercise to chart the best route for resuming full operations. Flipkart of Friday announced a three-month moratorium on existing loans, special offers on its …

Flipkart shuts down and Amazon limits orders in India under coronavirus lockdown
4 years, 9 months ago

Flipkart shuts down and Amazon limits orders in India under coronavirus lockdown

CNN  

Hong Kong CNN Business — India’s biggest online retailers have sharply reduced their service after the government ordered a three-week lockdown on residents across the country in response to the coronavirus pandemic. It said in a blog post that it would “temporarily stop taking orders” for some items as workers focus on filling orders for “critical” goods, such as household …

CCI Orders Probe Against Amazon & Flipkart For Alleged Violations Of Competition Law [Read Order]
4 years, 11 months 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 …

CCI orders enquiry into business practices of Amazon, Flipkart
4 years, 11 months ago

CCI orders enquiry into business practices of Amazon, Flipkart

The Hindu  

Fair market watchdog Competition Commission of India has ordered an enquiry into the operations of both Amazon and Flipkart on multiple counts, including deep discounts and exclusive tie-up with preferred sellers. In its order, the CCI said that it needs to be investigated whether the alleged exclusive arrangements, deep discounting and preferential listing by Amazon and Flipkart are being used …

Antitrust probe ordered against Amazon, Flipkart
4 years, 11 months 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 …

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 …

Top five sellers to inventory details: What DPIIT asked Amazon, Flipkart to disclose
5 years, 2 months ago

Top five sellers to inventory details: What DPIIT asked Amazon, Flipkart to disclose

Live Mint  

New Delhi: E-commerce giants Amazon and Flipkart have been asked to disclose names of top five sellers on their platform, price list of goods of preferred vendors and the kind of support provided to sellers, according to sources. The Department for Promotion of Industry and Internal Trade in separate questionnaires to these companies have also asked them to share their …

Amazon, Flipkart execs meet DPIIT officials over deep discounting allegations
5 years, 3 months ago

Amazon, Flipkart execs meet DPIIT officials over deep discounting allegations

Live Mint  

New Delhi: After complaints from brick and mortar retailers alleging predatory pricing and deep discounting by the e-commerce companies during their ongoing festive sales, senior officials of the Department for Promotion of Industry and Internal Trade on Thursday met representatives of Amazon and Flipkart. Confederation of All India Traders Secretary General Praveen Khandelwal had alleged that e-commerce companies are following …

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