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Anti-trust case: CCI asks Amazon, Flipkart to share financials to decide penalty

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Anti-trust case: CCI asks Amazon, Flipkart to share financials to decide penalty

India's Competition Commission (CCI) has requested the financial statements of Amazon and Flipkart as part of an ongoing anti-trust case against them. The statements will be used to determine the penalty, which could be imposed based on the outcome of the regulator's hearing of the companies' defense. The CCI has already shared non-confidential versions of the findings from its investigation of alleged anti-competitive conduct, including preferential treatment for certain sellers, exclusive product launches, and deep discounting. Both companies have yet to respond to requests for comment. The case highlights concerns about fair competition in India's digital economy and the impact on consumers and small sellers.

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