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[BREAKING] CCI suspends clearance for Amazon-Future deal, imposes ₹200 plus 2 crore penalty on Amazon

The Competition Commission of India (CCI) on Friday imposed a total penalty of ₹202 crore on Amazon.com NV Investment Holdings LLC (Amazon) for its failure to notify CCI about its deal with Future.
Amazon To Future Group Retail Limited Coupons Resources Private Limited Amazon Group Retail Limited Shareholders Agreement Future Retail Limited Shareholders Agreement

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CAIT hails HC order, asks Goyal to direct CCI probe into Amazon, Flipkart

Read more about CAIT hails HC order, asks Goyal to direct CCI probe into Amazon, Flipkart on Business Standard. On Friday, the Karnataka High Court dismissed a petition from Amazon and Flipkart requesting a stay on Indias antitrust watchdog CCIs probe into both companies alleged anti-competitive practices.
Praveen Khandelwal Narendra Modi Piyush Goyal Confederation Of All India Traders Union Government Competition Commission Of India

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