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 capital structure, business model and inventory management system. These questions were sent to them after several complaints were made to the department by traders body CAIT that e-commerce companies have been violating the foreign direct investment policy in garb of mega festive sales. The detailed questionnaire sent to these companies also includes queries regarding total number of sellers listed on their platforms; list and share of controlled and uncontrolled sellers; distributor and retailer price list for preferred/controlled vendors and proportion of total sales from top five sellers.

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History of this topic

ED probe finds direct links between the preferred sellers of Amazon and Flipkart, e-commerce giants under scanner
1 month, 3 weeks ago

ED probe finds direct links between the preferred sellers of Amazon and Flipkart, e-commerce giants under scanner

Op India  

The Enforcement Directorate discovered “direct links” between e-commerce giants Amazon and Flipkart and their preferred vendors. During their investigation, the Enforcement Directorate recovered substantial evidence like the “email dumps” from Amazon and Flipkart sellers, indicating that the two companies have direct influence over their preferred sellers. Among the sellers interrogated by ED, one seller’s testimony reportedly indicated glaring disparities between …

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 19 premises of ‘main’ sellers using Amazon, Flipkart platforms
2 months ago

ED raids 19 premises of ‘main’ sellers using Amazon, Flipkart platforms

Hindustan Times  

NEW DELHI: The Enforcement Directorate on Thursday carried out searches at 19 premises linked to some “main” sellers using Amazon and Walmart-owned Flipkart platforms in connection with its probe into alleged violation of foreign investment rules, people familiar with the development said. The official underlined that the searches took place on premises linked to the “main vendors” of Flipkart and …

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 …

Crackdown on Amazon and Flipkart vendors, ED conducts raids on 16 locations
2 months ago

Crackdown on Amazon and Flipkart vendors, ED conducts raids on 16 locations

Hindustan Times  

The Enforcement Directorate on Thursday conducted searches against some sellers who do business on e-commerce giants like Amazon, Flipkart as part of a FEMA investigation, official sources said. Amazon, Flipkart vendors raided in FEMA probe Antitrust investigations conducted by the Competition Commission of India have found that Amazon and Flipkart violated local competition laws by giving preference to select sellers, …

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 …

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 …

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 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 …

Govt probing Flipkart, Amazon for alleged discount sales
5 years, 2 months ago

Govt probing Flipkart, Amazon for alleged discount sales

India TV News  

The government is probing Wal-Mart-owned Flipkart and Amazon over the alleged predatory pricing, commerce minister Piyush Goyal said on Thursday. Without specifying the exact transgressions, Goyal said his ministry has received complaints from the traders body CAIT alleging violations of norms by these players. The national traders body CAIT had in a letter on Monday urged Goyal to order an …

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 …

Amazon, Flipkart find success in rural India during sales season
5 years, 3 months ago

Amazon, Flipkart find success in rural India during sales season

Live Mint  

Amazon.com Inc. and rival Walmart Inc. reported record revenue for their six-day India sales festivals as e-commerce catches on with buyers and sellers in smaller Indian towns, moving beyond the country’s urban, English-speaking population. The American competitors have been dueling in India since Walmart cut a $16 billion deal for control of local pioneer Flipkart Online Services Pvt last year. …

Amazon changes business structure in India after new e-commerce rules: Report
5 years, 11 months ago

Amazon changes business structure in India after new e-commerce rules: Report

Hindustan Times  

One of the biggest sellers on Amazon.com Inc’s India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters. REUTERS/Pascal Rossignol/File Photo India’s modified foreign direct investment rules that kicked in on February 1, prevent companies such as Amazon from selling products …

Govt accuses Flipkart, Amazon of violating FDI norms in e-commerce; says e-tailers try to influence prices of goods
5 years, 11 months ago

Govt accuses Flipkart, Amazon of violating FDI norms in e-commerce; says e-tailers try to influence prices of goods

Firstpost  

The government had made it clear that it would not extend the deadline of 1 February for implementing the revised guidelines for e-commerce companies having FDI. E-commerce majors Flipkart and Amazon were reportedly selling goods at low prices on their platforms adopting different methods such as direct price discounts, covering marketing expenses, and providing concessional logistics services, said a report …

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 …

How Amazon, Flipkart could be hit by new e-commerce rules from tomorrow
5 years, 11 months ago

How Amazon, Flipkart could be hit by new e-commerce rules from tomorrow

Live Mint  

On Friday, Indian consumers will wake up to an emptier, more expensive version of Amazon’s shopping service. In all, more than 400,000 items that account for nearly a third of Amazon’s estimated $6 billion in annual sales in India will probably disappear at least temporarily from the local version of the company’s service, as Amazon tries to comply with new …

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 …

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 …

Flipkart, Amazon hit as govt tightens e-commerce norms
6 years ago

Flipkart, Amazon hit as govt tightens e-commerce norms

Live Mint  

Bengaluru/New Delhi: The government on Wednesday barred online retailers such as Flipkart and Amazon from selling products of companies in which they own stakes and disallowed them from entering into exclusive deals for merchandise, unveiling norms that industry figures warned could upend India’s $18 billion e-commerce industry. A senior government official said the changes in the foreign direct investment policy …

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