Page 21 - Future Coupons News Today

The Competition Commission of India (CCI) has imposed a penalty of Rs 202 crore on Amazon and suspended its approval for the e-tailer’s deal with Future Coupons seeking more information.

CCI has suspended the approval it gave for Amazon's investment in Future Coupons in 2019 and imposed a ₹200 crore penalty on the company.

Also slaps Rs 202 cr penalty on e-retailer

The unprecedented step taken by CCI could have far-reaching consequences on Amazon's legal battles with now estranged partner Future.

The CAIT condemned this alleged Amazon argument, calling it a "afterthought" designed to get the subject out of the CCI.

The CCI said it is necessary to examine the Amazon-Future combination deal afresh, while the approval accorded to it in 2019 remains in abeyance

The unprecedented step taken by CCI could have far-reaching consequences on Amazon's legal battles with now estranged partner Future.

The Competition Commission of India suspended its approval for Amazon's deal with Future Coupons and also imposed a penalty totalling Rs 202 crore on the e-commerce giant

The Competition Commission of India (CCI) has imposed a penalty of Rs 202 crore on Amazon and suspended its approval for the e-tailers deal with Future Coupons, seeking more information.

CCI has temporarily suspended the Amazon-Future Coupons deal from 2019 in a major setback to the US-based ecommerce major.