India's Competition Watchdog Seeks Financial Records From Amazon, Walmart-Backed Flipkart In Ongoing Antitrust Probe: Report

Quick Summary:

What Happened: The CCI's demand for financial records from Amazon Seller Services and Flipkart Internet will play a major role in determining a potential penalty on the firms, based on the companies' defense in a four-year-long case, Mint reported.

The Competition Commission of India (CCI) has reportedly intensified its antitrust investigation into e-commerce giants Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT)-backed Flipkart, requesting their financial statements.

This story was originally published on the Benzinga India portal.

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Article Details

Author / Journalist: Ananthu C U

Category: Technology

Markets: United StatesIndia

Topics: Tech News US0231351067 Competition Commission of India US9311421039 Markets AMZN WMT Benzinga Flipkart Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 06:26:58 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22649440

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Coverage Areas: United States

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