CCI cites 'false' info to suspend 2019 Amazon-Future deal
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
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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-tailer's 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.