Reuters exclusively reports India to speed up Amazon, Flipkart probe

by DailyBriefers

Business & Finance

Reuters reported exclusively that India’s antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behavior at Inc and Walmart Inc’s Flipkart, as it intensifies scrutiny of big-tech firms. Though Amazon and Flipkart are likely to appeal against a court decision allowing the probe to restart, the Competition Commission of India plans to demand information from them related to the allegations “as quickly as possible,” one source told Reuters. The investigation “will be expedited,” the person said. Such investigations in India typically take months to complete. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Asia

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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