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Did Amazon break India's competition law? We will know soon

Livemint

Livemint · 10m ago

Did Amazon break India's competition law? We will know soon

India's Competition Commission is set to issue a notice to Amazon for alleged violations of competition law. The investigation wing of the commission has confirmed charges of anti-competitive behavior by Amazon Seller Services. The Commission will grant Amazon a hearing before issuing the final order with penalty, which could be up to 10% of the company's global turnover. The case is based on a complaint filed by a trade association in 2020, which prompted the commission to order an investigation. A similar case against Flipkart is also in progress. Experts emphasize that the high penalty should be applied judiciously to maintain market dynamism and encourage healthy competition.

Related News

Turkish competition board opens probe of video service providers

Economic Times

Economic Times · 4m ago

Turkish competition board opens probe of video service providers

The Turkish Competition Board has launched an investigation into subscription-based, on-demand video service providers, such as Netflix, Disney+, and Amazon. This decision follows a preliminary inquiry into potential competition law violations. The investigation will examine if these companies, including BluTV, Exxen, and Gain, have breached the law through exclusive or restrictive agreements and practices. The inquiry aims to ensure fair competition in the Turkish video streaming market.

Corporate Affairs Ministry To Review CCI’s Performance Amid Delay In Antitrust Probes

Inc42 · 1y ago

Corporate Affairs Ministry To Review CCI’s Performance Amid Delay In Antitrust Probes

The Ministry of Corporate Affairs (MCA) in India will conduct a review of the Competition Commission of India's (CCI) performance later this month. The meeting will address the status of regulations to be notified for recent amendments in competition law and concerns about delayed antitrust probes. The CCI has pending cases against industry giants such as Google, Meta, Amazon, Flipkart, Zomato, and Swiggy, and there has been growing frustration regarding the watchdog's inaction. Indian startups and industry stakeholders have welcomed the MCA's decision to review the CCI's performance.

Google offers to settle anti-trust case in smart TV probe

Livemint

Livemint · 9m ago

Google offers to settle anti-trust case in smart TV probe

- Google has offered to settle an anti-trust case in India after an investigation found its agreements with smart TV makers violated competition law provisions. - This is the first time a company is invoking the brand-new settlement route introduced in India's competition law last year. - Google's settlement application comes after the Director General of Investigation confirmed charges of anti-competitive behavior in a recent report. - The investigation found that Google breached provisions in the Android TV market, including anti-competitive agreements and abuse of market dominance. - The settlement and commitment schemes introduced in the law allow companies to make voluntary commitments to address regulatory concerns or offer to settle the case and pay a lowered penalty. - CCI (Competition Commission of India) is currently reviewing the settlement plea and is expected to make a decision soon.

Amazon India Launches ‘Creator Central’ For Content Creators

Inc42 · 8m ago

Amazon India Launches ‘Creator Central’ For Content Creators

Amazon India's influencer programme will soon be accessible to over 50,000 content creators. This new platform will allow creators to create, upload, and schedule various types of content directly from the Amazon app. Some key features include personalised product recommendations, multi-user management, and the ability to switch between different storefronts.

Honor 200, Honor 200 Pro confirmed to launch in India: All you need to know

Livemint

Livemint · 1y ago

Honor 200, Honor 200 Pro confirmed to launch in India: All you need to know

The Honor 200 and Honor 200 Pro are set to launch in India soon, as confirmed by a dedicated microsite on Amazon. While an official launch date has not been announced, the Amazon listing indicates that the devices will be available in India soon. The specifications of the Indian version have not been officially confirmed, but looking at the Chinese versions, the Honor 200 features a 6.7-inch curved OLED display, Snapdragon 7 Gen 3 chipset, up to 16GB of RAM, and a 50MP triple camera setup. The Honor 200 Pro offers similar specs but with a larger storage capacity. The expected prices in China range from approximately ₹31,000 to ₹51,000.

Data Sutram Secures $9M to Power Fraud Detection in BFSI Sector

StartupTalky

StartupTalky · 1m ago

Data Sutram Secures $9M to Power Fraud Detection in BFSI Sector

Data Sutram, a Kolkata-based B2B SaaS firm focused on the BFSI sector, raised $9 million in Series A funding led by Lightspeed Venture Partners and B Capital. The funds will enhance its fraud detection system and expand into high-risk industries like insurance and e-commerce. Founded in 2018, Data Sutram offers services including consumer onboarding protection and market insights, serving clients like HDFC Bank and Amazon Pay. The startup plans further growth and aims to break even soon.

Amazon spared UK antitrust probe over $4 bn investment in AI startup Anthropic

Livemint

Livemint · 9m ago

Amazon spared UK antitrust probe over $4 bn investment in AI startup Anthropic

UK antitrust officials have decided not to launch a formal investigation into Amazon's multibillion-dollar investment in the AI company Anthropic. The Competition and Markets Authority concluded that the investment did not pose a threat to competition in the UK. Amazon made the investment to support promising AI startups and gain an edge against its competitors. The British watchdog did not reach a conclusion on whether Amazon had material influence over Anthropic, but noted that the arrangement would not create a relevant merger scenario. This decision follows the UK's clearance of Microsoft's links to Inflection AI.

India's quick-commerce sector may struggle to maintain current growth, Blume Venture's report says

Economic Times

Economic Times · 4m ago

India's quick-commerce sector may struggle to maintain current growth, Blume Venture's report says

India's quick-commerce sector, which rapidly grew to a $7.1 billion market by 2025 from $300 million in 2022, may face growth challenges outside major cities amid intensifying competition from large e-commerce players like Flipkart and Amazon, according to Blume Ventures. While quick-commerce firms like Blinkit, Zepto, and Swiggy Instamart saw significant order value increases, they might soon encounter slowing user growth and regulatory scrutiny that could impact their profitability and influence the local grocery ecosystem.

After Amazon, Three Flipkart Sellers Sue CCI

Inc42 · 9m ago

After Amazon, Three Flipkart Sellers Sue CCI

Flipkart sellers CIGFIL Retail, Wishery Online, and Xonique Ventures have filed petitions to challenge a report by the Competition Commission of India (CCI) that found them guilty of violating competition laws. This follows a similar move by Appario, a former Amazon seller, who sought to quash the CCI's probe against Amazon. The CCI recently implicated both Flipkart, Amazon, some of their sellers, and certain smartphone brands for contravening India's competition laws.

JSA ropes in Trilegal’s head for antitrust practice with 25 lawyers in tow

VCCircle

VCCircle · 12m ago

JSA ropes in Trilegal’s head for antitrust practice with 25 lawyers in tow

J Sagar Associates (JSA) has hired Nisha Kaur Uberoi, former head of competition law practice at Trilegal, along with her team of 25 lawyers. Uberoi will serve as JSA's chair of the competition practice and brings nearly two decades of experience in antitrust and competition law. JSA aims to improve and consolidate its existing domain in competition law and strengthen its corporate and disputes practices with this move. Uberoi has previously worked with AZB & Partners and Cyril Amarchand Mangaldas. JSA is a full-service law firm with offices in multiple cities in India.

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