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Synopsis The body has alleged that the way foreign companies like Amazon and Flipkart defied all the laws of the country, adopting predatory pricing, deep discounting, loss funding, controlling inventory, and adoption of preferential sellers have killed the small businesses in India. CAIT said that in the last one year, there has been a growth of 36 per cent in e-commerce business in India, especially in personal care, beauty and wellness business, 70 per cent in grocery, FMCG products and more than 27 per cent in electronics. NEW DELHI: For more than five years, Amazon, Walmart-owned Flipkart and many other foreign-funded e-commerce companies have indulged into all kinds of unethical business practices with an objective of taking control of not only the e-commerce but even the retail business of India, the Confederation of All India Traders (CAIT) said. ....
New Delhi [India], June 12 (ANI): A day after Karnataka High Court gave the decision that the Competition Commission of India (CCI) can go ahead with a probe against Amazon and Flipkart for their alleged anti-competitive practices, the Confederation of All India Traders (CAIT) on Saturday said that these e-commerce companies have destroyed traditional Kirana and small merchants. ....
Amazon, Flipkart destroyed traditional kirana, small merchants: CAIT freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The Karnataka High Court on Friday dismissed the e-tailers petitions and directed the Competition Commission of India (CCI) to investigate Amazon and Flipkart s alleged violations of competition law. ....