Flipkart – Financial Treason & Crime

Why India wants to put an end to Amazon and Flipkart’s flash sales

Ananya Bhattacharya, 22 June 2021

Online retail giants in India may soon have to play by new rules when it comes to offering discounts.

“No e-commerce entity shall organise a flash sale of goods or services offered on its platform,” says the amended version of India’s Consumer Protection Rules, 2020, released on June 22. The consumer affairs department describes a flash sale as one that offers “significantly reduced prices, high discounts or any other such promotions or attractive offers for a predetermined period of time on selective goods and services or otherwise with an intent to draw large number of consumers.” Continue reading “Article: Why India wants to put an end to Amazon and Flipkart’s flash sales”

Amazon calls on India not to alter e-commerce investment rules – sources

Aditya Kalra, 25 March 2021

NEW DELHI (Reuters) – Amazon asked the Indian government on Thursday not to change e-commerce foreign investment rules until investigations into its business practices had been concluded, two sources familiar with the discussions told Reuters.

The commerce ministry met e-commerce players after allegations by retailers, which are a crucial part of Prime Minister Narendra Modi’s support base, that Amazon and Walmart’s Flipkart create complex structures to bypass federal foreign investment rules and damage small traders.

Both companies deny any wrongdoing and say they are helping small businesses in India. Continue reading “Article: Amazon calls on India not to alter e-commerce investment rules – sources”