The Competition Commission of India (CCI) on Thursday morning raided the locations of major sellers selling products on the e-commerce platform of Amazon and Walmart's Flipkart. The raids took place at two sellers of Amazon and Walmart's Flipkart in Delhi and Bangalore.
It is alleged that both the companies favored these sellers by providing unethical facilities on their online platforms, which enabled them to sell more products than other sellers. Considering these allegations against the free competition of the market, the Commission has been investigating since January 2020.
There were several allegations against Amazon and Flipkart by Indian retailers. According to them, large sellers get special preferences, similar products are sold at a lower price, and e-commerce companies also help them with data related to the buying habits of customers stored on their websites.
Amazon's business share with sellers also
Amazon sellers Cloudtail and Aparicio have been raided. Amazon has an indirect stake in both businesses. However, the company has not yet issued an official statement. Last time he said that Amazon treats all sellers equally, and does not give preference to anyone.
Why the suspicion of fraud increased
4,00,000 sellers were selling their goods on Amazon in 2019
35 sellers were doing two-thirds of the sales, even in two-thirds, 35 percent of sales were from Cloudtail and Aparicio alone
To protect its image last year, Amazon said that Cloudtail would no longer be a seller after May 2022.
Revealed so far...
Amazon's internal documents show that certain sellers have been preferred over the online platform over the years. Cloudtail includes these. For this, the laws of India were broken. Sellers got exemption in e-commerce fees, Amazon also helped in getting special deals to sell products of big tech companies exclusively.
CCI's activism important
A former CCI official said that the agency does not take such action unless the case is related to a big cartel. The latest action is significant as these companies are linked to Amazon. Through this, the CCI is understanding the complex business process about which the allegations were made. This is also a completely new area for the Commission.
A parliamentary committee will send summons to social media and tech companies
The Parliamentary Committee on Finance will be sent a summons to the world's leading tech, social media, and e-commerce companies. Through this, their competition policies will be investigated and questioned. These companies include Apple, Google's proprietary company Alphabet, Facebook's proprietary company Meta, Amazon, Walmart's Flipkart, and Microsoft. It is believed that this step was taken because of the deal being done by Elon Musk to buy Twitter.
Amazon threatens in Australia, refuses to share product discovery system
Amazon took a jibe in Australia, saying it would not reveal how the search for a product on its platform works. It has categorically refused to give data on product search algorithms to the Competition and Consumer Commission here. This disclosure was made by the ACCC itself in its report on Thursday.
Facebook-Google-like dispute likely to arise
By not giving information to the commission, Amazon can bring back the situation in 2021 like the dispute between Facebook and Google with the government of Australia. Both these companies threatened to shut down their services in Australia because the government had asked the newspapers to pay royalties on the earnings of tech companies from the newspaper content.
Also Read: Indian oil companies can buy stake in Russian company, government has ordered
Satyendra Jain News: Delhi Health Minister Satyendra Jain will appear in court today, ED arrested on Monday
Delhi Health Minister Satyendar Jain will be produced in court by the Enforcement Directorate (ED). Delhi Health Minister Satyendar Jain has been arrested by the Enforcement Directorate on Monday. The
Achievement: India is the fourth largest research country in the world, and most research in these subjects
India is the fourth largest research country globally. According to data from the research database Cyval, between 2017 and 2022, there has been a 54 percent increase in this sector. This figure is
Covid-19: What was feared happened, more than 10 thousand deaths occurred worldwide due to Corona in December, this is the main reason
Cases of coronavirus infection are being seen increasing rapidly globally, especially due to the new variant of Corona JN.1, there are reports of the situation worsening in many countries. Another
Anushka Sharma: 'God is the best scriptwriter', Anushka Sharma wrote a post praising Virat
The Indian cricket team has secured its place in the final by registering victory in the World Cup match between India and New Zealand on Wednesday. There is an atmosphere of celebration among cricket
North Korea: Dictator Kim Jong's strange decree, women and girls with daughter's names change their name
In North Korea, girls and women named after the daughter of dictator Kim Jong Un are being forced to change their names. This report has been released by Fox News quoting two anonymous sources.
Kohli hit even when he flopped: Ashwin was scoring runs fast, Virat said to Siraj - hit the bouncer; out on the next ball
Virat Kohli once again did not bat in the match played between Bangalore and Rajasthan on Tuesday, but his energy in the match was amazing. During the innings of Rajasthan, R Ashwin came to bat at
Flexi Fuel: Petroleum Minister said - companies should provide flexi fuel vehicles at many prices, will get support
Petroleum Minister Hardeep Singh Puri said on Wednesday that the country's automobile industry will have to provide Flexi fuel i.e. ethanol blended petrol vehicles at different prices. This will help
The Raja Saab: The Director's statement regarding the story of Prabhas's film surfaced on IMDb, know what Maruti said
After the film 'Saalar Part 1 Ceasefire', South superstar Prabhas is now in the headlines for his next project with director Maruti. The name of his next film is 'The Raja Saab'. On the occasion of
BJP On Parliament Security Breach: 'The more dangerous the violation of Parliament's security, the more dangerous it is to support it', PM Modi lashed out at the opposition.
The BJP Parliamentary Party meeting was held in the Parliament Library Building amid the winter session of Parliament. Prime Minister Narendra Modi, Defense Minister Rajnath Singh, and party president
Hinnamnor Typhoon Alert: Destructive storm Hinnamnor ready to knock in South Korea, high alert declared
The threat of a severe cyclonic storm Hinnamnor is looming in South Korea. Because of this severe cyclonic storm, the government has suspended some business operations and closed schools, apart from
