img

CCI Finds Flipkart & Amazon India Guilty Of Flouting Antitrust Rules

- The Competition Commission of India (CCI) found Amazon India and Flipkart guilty of violating competition laws by favoring select sellers on their platforms. - Both companies will have the opportunity to review the report and file objections before fines are decided. - The CCI's investigation, initiated in 2020, revealed that preferred sellers received advantages such as better listings and deep discounts. - The watchdog noted that these practices had a catastrophic impact on market competition, especially in the mobile phone segment. - This development follows multiple legal challenges and a Supreme Court ruling allowing the investigation to proceed. Source: [Inc42](https://inc42.com/buzz/cci-finds-flipkart-amazon-india-guilty-of-flouting-antitrust-rules/)

img
img

DaringTrain

Stealth

6 days ago

Sign in to a Grapevine account for the full experience.

Discover More

Curated from across