ED uncovers Amazon and Flipkart's direct links with sellers
16 hours ago · The Enforcement Directorate (ED) has uncovered evidence suggesting that Amazon and Flipkart exert significant control over their preferred sellers. Investigations revealed close ties between these sellers and the e-commerce giants, with evidence suggesting control over inventory, pricing, and profits. The ED is preparing a formal complaint alleging violations of foreign investment laws.
Amazon Flipkart FDI rules violation - Amazon Flipkart ... - India …
5 hours ago · Top executives of e-commerce giants Amazon and Flipkart are under the scanner of the Enforcement Directorate (ED) over alleged violations of foreign investment regulations, sources have told India Today. The probe agency is expected to summon key executives after completing the initial phase of investigations into their alleged role in breaching the Foreign Exchange Management Act (FEMA).
Amazon and Flipkart executives face ED probe over alleged FEMA ...
5 hours ago · Top executives of e-commerce giants Amazon and Flipkart are under the scanner of the Enforcement Directorate (ED) over alleged violations of foreign investment regulations, sources have told India ...
ED probes Amazon, Flipkart over ties with top sellers, alleges …
2 hours ago · Amazon and Walmart-owned Flipkart have rapidly solidified their presence in India, with sales booming in the country’s $70 billion e-commerce market. The allegations of favouring select sellers constitute a breach of the Foreign Exchange Management Act (FEMA).
India to summon Amazon, Flipkart executives as regulatory …
Nov 11, 2024 · India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce ...
Flipkart Newsroom - Browse and download official Flipkart press …
Sep 23, 2024 · Welcome to the Flipkart Newsroom. This is a resource for journalists and media persons. Download official Flipkart press releases here.
India raids offices of sellers using Amazon, Flipkart platforms ...
Nov 7, 2024 · India's financial crime agency has raided offices of some sellers operating Amazon and Walmart-owned Flipkart in an investigation into alleged violations of foreign investment rules, three...
Exclusive: Amazon, Walmart's Flipkart breached India antitrust …
NEW DELHI, Sept 13 (Reuters) - An Indian antitrust investigation has found U.S. e-commerce giant Amazon (AMZN.O) and Walmart's (WMT.N) Flipkart violated local competition laws by giving...
Google invests $350M in Indian e-commerce giant Flipkart
May 24, 2024 · Google is investing nearly $350 million in Flipkart, becoming the latest high-profile name to back the Walmart-owned Indian e-commerce startup. The Android maker will also provide Flipkart with...
Google to invest $350 mln in India's Flipkart, valuing co at $37 …
May 24, 2024 · Alphabet's Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion, a source with direct knowledge of the matter told...