India probe finds Amazon, Walmart's Flipkart breached antitrust laws
Publishing timestamp: 2024-09-13 02:28:54
Summary
An Indian antitrust investigation found that Amazon and Flipkart violated local competition laws by giving preference to select sellers on their platforms, elbowing out other sellers. The investigation was triggered by a complaint from a trade body representing 80 million retailers. The findings are the latest setback for Amazon and Flipkart in India, where they face criticism for their business practices.
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Keywords: cloud computing, breaking news: markets, marketing, business news, walmart inc, federal trade commission, monopoly and antitrust, markets, supreme courts, reuters, amazon.com inc, india,