From fighting multiple govt agencies to legal battles & issues with FDI rules to preferential treatment to select few sellers.
We take a look at some of the prominent cases & what they are all about.
Story by Priyanka Sahay
https://www.moneycontrol.com/news/business/economy/a-look-at-amazons-legal-troubles-in-india-6734211.html
#AmazonIndia #CCI #ED #FDI
We take a look at some of the prominent cases & what they are all about.
Story by Priyanka Sahay
https://www.moneycontrol.com/news/business/economy/a-look-at-amazons-legal-troubles-in-india-6734211.html
#AmazonIndia #CCI #ED #FDI
Moneycontrol
A look at Amazon’s legal troubles in India
Global Amazon is battling issues ranging from working conditions to unionisation efforts to abuse of dominance with private label launches in markets such as the US and Europe. Here is a look at the controversies and legal troubles that plague Amazon’s operations…
Lambasting Amazon & Flipkart's anti-competitive practices, Minister of Commerce & Industry Piyush Goyal said that they should let the #CCI investigate if they were doing honest business. Priyanka Sahay writes at:
https://lnkd.in/e2gaVPk?utm_source=telegram&utm_medium=social
#Ecommerce #Amazon #Flipkart
https://lnkd.in/e2gaVPk?utm_source=telegram&utm_medium=social
#Ecommerce #Amazon #Flipkart
Moneycontrol
Let CCI investigate if you haven't done anything wrong: Piyush Goyal tells Amazon, Flipkart
The Union minister's comments come at a very crucial time when the division bench of the Karnataka High Court is expected to pronounce its judgement on whether CCI can investigate the two companies or not.
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#BREAKING: The CCI has okayed SoftBank Group Corp's investment in Swiggy.The investment from SoftBank will come on top of the $800 million series J round that Swiggy recently closed.
Chandra R. Srikanth reports: https://www.moneycontrol.com/news/business/startup/cci-okays-softbank-investment-in-swiggy-7161031.html?utm_source=telegram&utm_medium=social
#SoftBank #CCI #Swigy #BreakingNews
Chandra R. Srikanth reports: https://www.moneycontrol.com/news/business/startup/cci-okays-softbank-investment-in-swiggy-7161031.html?utm_source=telegram&utm_medium=social
#SoftBank #CCI #Swigy #BreakingNews
The CCI suspended Amazon's deal with Future Group after it reviewed complaints that the American e-commerce giant concealed information while seeking regulatory approval. ⚡️
Read at
https://www.moneycontrol.com/news/business/cci-revokes-clearance-to-amazons-2019-deal-with-future-coupons-slaps-rs-200-crore-penalty-7838261.html?utm_source=telegram&utm_medium=social
#Amazon #CCI #FutureRetails
Read at
https://www.moneycontrol.com/news/business/cci-revokes-clearance-to-amazons-2019-deal-with-future-coupons-slaps-rs-200-crore-penalty-7838261.html?utm_source=telegram&utm_medium=social
#Amazon #CCI #FutureRetails
Moneycontrol
CCI suspends Amazon's 2019 deal with Future Coupons, slaps Rs 200-crore penalty
This happens at a time when Amazon and Future Group have been engaged in a rough battle in Indian courts after Future agreed to sell its assets to Mukesh Ambani's Reliance Group on a slump basis for Rs 24,500 crore last year.
In a major setback for #Amazon, India's competition watchdog CCI imposed a penalty of Rs 200 crore & revoked its 2019 deal with Future Coupons.
Vikas SN reports at
https://www.moneycontrol.com/news/business/key-penalties-imposed-on-amazon-across-the-world-a-brief-timeline-7838981.html
#Amazon #ECommerce #CCI
Vikas SN reports at
https://www.moneycontrol.com/news/business/key-penalties-imposed-on-amazon-across-the-world-a-brief-timeline-7838981.html
#Amazon #ECommerce #CCI
Moneycontrol
Key Penalties Imposed On Amazon Across The World: A Brief Timeline
Over the past year, the online retail giant has faced penalties from several antitrust regulators across the world on various grounds ranging from allegedly abusing its market dominance to violating GDPR and withholding driver tips.
In a major setback for Amazon, the CCI revoked the US e-commerce giant’s 2019 deal with Future Coupons.
Read at
https://www.moneycontrol.com/news/business/companies/heres-why-cci-suspended-the-deal-between-amazon-and-future-coupons-7838771.html
#Amazon #CCI #FutureGroup #FutureRetail
Read at
https://www.moneycontrol.com/news/business/companies/heres-why-cci-suspended-the-deal-between-amazon-and-future-coupons-7838771.html
#Amazon #CCI #FutureGroup #FutureRetail
Moneycontrol
Here's Why CCI Suspended The Deal Between Amazon And Future Coupons
The CCI order says Amazon misrepresented the true rationale for buying 49 percent stake in Future Coupons. The US e-commerce giant’s internal correspondence shows that it wanted foot in the door in the Indian retail sector, according to the competition watchdog.
#JustIn: CCI approved the acquisition of shareholding in national carrier Air India by Talace, an entity affiliated to salt-to-software conglomerate Tata Group.
Read more at ⬇️
https://www.moneycontrol.com/news/business/cci-approves-acquisition-of-shareholding-in-air-india-by-tata-group-7845821.html
#CCI #AirIndia #TataGroup #TataSons
Read more at ⬇️
https://www.moneycontrol.com/news/business/cci-approves-acquisition-of-shareholding-in-air-india-by-tata-group-7845821.html
#CCI #AirIndia #TataGroup #TataSons
The NCLAT stayed a recent order passed by the CCI against United Breweries Ltd, that imposed a Rs 751.8-crore penalty on the beer maker, UBL has agreed to comply with the directions issued
Read at https://www.moneycontrol.com/news/business/companies/nclat-stays-cci-order-against-ubl-on-condition-of-pre-depositing-10-of-penalty-amount-7859911.html?utm_source=telegram&utm_medium=social
#CCI #NCLAT #UnitedBreweriesLTD #Beer
Read at https://www.moneycontrol.com/news/business/companies/nclat-stays-cci-order-against-ubl-on-condition-of-pre-depositing-10-of-penalty-amount-7859911.html?utm_source=telegram&utm_medium=social
#CCI #NCLAT #UnitedBreweriesLTD #Beer
Moneycontrol
NCLAT stays CCI order against UBL on condition of pre-depositing 10% of penalty amount
UBL has agreed to comply with the directions issued by the NCLAT and will deposit the 10 percent of penalty amount "through a fixed deposit receipt within stipulated time" as mentioned in the order.
In a significant move, a two-judge bench of the #DelhiHighCourt has stayed the arbitration proceedings between #FutureGroup & Amazon India going on before the Singapore Arbitration Tribunal until further orders.
Read at https://www.moneycontrol.com/news/business/companies/future-group-amazon-delhi-high-court-stays-arbitration-proceedings-before-singapore-tribunal-7903171.html?utm_source=telegram&utm_medium=social
#Amazon #arbitration #CCI
Read at https://www.moneycontrol.com/news/business/companies/future-group-amazon-delhi-high-court-stays-arbitration-proceedings-before-singapore-tribunal-7903171.html?utm_source=telegram&utm_medium=social
#Amazon #arbitration #CCI
Moneycontrol
Future Group-Amazon: Delhi High Court stays arbitration proceedings before Singapore tribunal
The bench headed by high court’s chief justice was hearing an appeal filed by Future group after the Kishore Biyani-led companies faced a setback before a single-judge bench.
#StartupWithMC | India's competition watchdog, the CCI opened a new antitrust investigation against #Google over alleged abuse of dominant position in news aggregation, following a complaint filed by the DNPA.
Vikas SN reports at
https://www.moneycontrol.com/news/business/googles-antitrust-cases-in-india-other-markets-a-quick-look-7914881.html
#GoogleIndia #CCI
Vikas SN reports at
https://www.moneycontrol.com/news/business/googles-antitrust-cases-in-india-other-markets-a-quick-look-7914881.html
#GoogleIndia #CCI
Moneycontrol
Google's antitrust cases in India & other markets: A quick look
CCI's probe on Google's alleged abuse of dominance in news aggregation is the fifth such antitrust probe against the Internet giant in India.
The CAIT filed a petition before the CCI to block e-commerce giant Amazon India's deal to acquire 100% shareholding in online retail firm Cloudtail.
Read at
https://www.moneycontrol.com/news/business/companies/cait-moves-cci-to-block-amazons-100-acquisition-of-cloudtail-7938791.html
#CCI #CAIT #Amazon #Cloudtail
Read at
https://www.moneycontrol.com/news/business/companies/cait-moves-cci-to-block-amazons-100-acquisition-of-cloudtail-7938791.html
#CCI #CAIT #Amazon #Cloudtail
Moneycontrol
CAIT Moves CCI To Block Amazon Deal To Acquire Cloudtail
Amazon currently has a 24 percent stake in Cloudtail, while Catamaran Ventures, NR Narayana Murthy’s private investment firm, has a 76 percent stake in it. Additionally, Amazon India’s head Amit Agarwal is one of the board members of Cloudtail.
The #CCI has approved the #acquisition of Prione Business Services by #Amazon Asia-Pacific Resources.
Read more 👇
https://www.moneycontrol.com/news/business/startup/cci-approves-amazons-acquisition-of-prione-8213211.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/startup/cci-approves-amazons-acquisition-of-prione-8213211.html?utm_source=telegram&utm_medium=social
Moneycontrol
Competition Commission approves Amazon's acquisition of Prione
So far Amazon and Catamaran jointly owned Prione Business Services whose wholly owned subsidiary Cloudtail India repeatedly came under the scanner for alleged violation of Foreign Direct Investment norms.
The #raids were being conducted by the #CCI officers across multiple cities, the sources said.
Read on 👇
https://www.moneycontrol.com/news/business/cci-conducts-antitrust-raids-on-tyre-companies-ceat-apollo-continental-report-8295211.html?utm_source=telegram&utm_medium=social
Read on 👇
https://www.moneycontrol.com/news/business/cci-conducts-antitrust-raids-on-tyre-companies-ceat-apollo-continental-report-8295211.html?utm_source=telegram&utm_medium=social
Moneycontrol
CCI conducts antitrust raids on tyre companies Ceat, Apollo, Continental: Report
The case, according to the report, relates to an antitrust probe into use of unfair trade practices and rigging bids while supplying tyres for public transport vehicles in the northern state of Haryana.