CCI ORDERS PROBE AGAINST FLIPKART, AMAZON FOR ALLEGED DEEP DISCOUNTING

New Delhi: Fair trade regulator CCI on Monday ordered a probe against e-commerce majors Flipkart and Amazon for alleged malpractices, including deep discounting and tie-ups with preferred sellers on their platforms. The order follows a complaint filed by Delhi Vyapar Mahasangh, whose members comprise many traders dealing in smartphones and related accessories. The traders body accused the e-commerce firms of anti-competitive practices like pref...

Mathrubhumi.com (Date:01/14/2020 03:28) Read full article >>

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India: India , officially the Republic of India [c], is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-wes
- India Wikipedia
Monday: Monday is the day of the week between Sunday and Tuesday. According to the traditional Christian, Islamic and Hebrew calendars, it is the second day of the week. But according to international standard ISO 8601 it is the first day of the week. The name of Monday is derived from Old English Mnandg a
Competition: Competition in biology, ecology, and sociology, is a contest between organisms, animals, individuals, groups, etc., for territory, a niche, or a location of resources, for resources and goods, mates, for prestige, recognition, awards, or group or social status, for leadership. Competition is the opp
Fair: A fair is a gathering of people to display or trade produce or other goods, to parade or display animals and often to enjoy associated carnival or funfair entertainment. It is normally of the essence of a fair that it is temporary some last only an afternoon while others may last as long as ten wee
Delhi: Delhi is a metropolitan region in India that includes the national capital city, New Delhi. It is India's second-most-populous city after Mumbai, and the largest city in terms of area. With a population of 22million in 2011, the city is the fourth-largest city in the world. The NCT and its urban re
Confederation: A confederation , is a permanent union of political units for common action in relation to other units. Usually created by treaty but often later adopting a common constitution, confederations tend to be established for dealing with critical issues , with the central government being required to pro
Commenting: A comment is generally a verbal or written remark often related to an added piece of information, or an observation or statement. These are usually marked with an abbreviation, such as "obs." or "N.B."
Flipkart: Flipkart is an Indian e-commerce company headquartered in Bangalore, Karnataka. It was founded by Sachin Bansal and Binny Bansal in 2007. In its initial years, Flipkart focused on online sales of books, but later it expanded to electronic goods and a variety of other products. Flipkart offers multip
All India: All India is a phrase used to refer the all the statesregions of India together, esp. during the pre-independence days of India. During the period "All India" essentially included what is now as separate nations such as Pakistan, Bangladesh. The legacy continued for many years after the independence
Competition Commission: The Competition Commission is a non-departmental public body responsible for investigating mergers, markets and other enquiries related to regulated industries under competition law in the United Kingdom. It is a competition regulator under the Department for Business, Innovation and Skills . They e