E-commerce giants Amazon and Flipkart

Photo: The Economic Times

Amazon, Flipkart Must Face CCI’s Antitrust Probe: Supreme Court

The Supreme Court on August 8 has ruled against the US-based e-commerce giant Amazon and Walmart's Flipkart saying that both must accept "antitrust investigations" ordered against them in India. An investigation probe was ordered by the Competition Commission of India (CCI) last year over alleged selective promotion and using business practices for oppressing competition. However, both the companies have denied any malpractice.

Tue, 10 Aug 2021 - 06:37 PM / by Prateek Chakradhar

Tags: Amazon Web Server, Flipkart, Supreme Court of India, Competition Commission of India

Courtesy: Reuters

SC restrains RIL-Future group deal

Photo: Republic World

Supreme Court Holds Singapore's EA Award In Favour Of Amazon

The Supreme Court in its August 6 verdict restrained the Rs 24,713 crore Future Group-Reliance Retail deal. SC drew the verdict favoring the US-based e-commerce giant Amazon by holding that Singapore's Emergency Arbitrator (EA) was credible under the Indian law and can be implemented. Amazon challenged the Delhi High Courts' decision in the SC which certified the deal between Future Group and Reliance.

Fri, 06 Aug 2021 - 06:33 PM / by Prateek Chakradhar

Tags: Amazon Web Server, Future Retail, Reliance India, Supreme Court

Courtesy: Deccan Herald