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Tag: probe

Luckin Coffee says probe into sales fraud is ‘substantially’ complete

Luckin Coffee said Wednesday that it has “substantially” completed its independent internal probe into the sales fraud scandal that implicated its top executives. The independent investigation found that the Chinese coffee chain’s 2019 sales were inflated by 2.12 billion yuan ($300 million) and its expenses by 1.34 billion yuan ($190 million) that year. The fraud began in …

Luckin Coffee says probe into sales fraud is ‘substantially’ completeRead More

Indian traders ask court for Amazon, Flipkart antitrust probe restart, Retail News, ET Retail

An Indian retail group has asked a court to allow the restart of an antitrust investigation into Amazon and a Walmart unit that is on hold following a legal challenge by the companies, a court filing seen by Reuters showed. Amazon and Walmart’s unit Flipkart did not immediately respond to a request for comment on …

Indian traders ask court for Amazon, Flipkart antitrust probe restart, Retail News, ET RetailRead More

Flipkart faces probe for misuse of market dominance, Retail News, ET Retail

BENGALURU: The National Company Law Appellate Tribunal (NCLAT) has directed the Competition Commission of India (CCI) to start investigating e-commerce firm Flipkart for alleged misuse of its dominant position in the market. The order is based on an appeal for a probe filed in 2018 by the All India Online Vendors’ Association (AIOVA), which represents …

Flipkart faces probe for misuse of market dominance, Retail News, ET RetailRead More

CAIT may challenge stay on CCI probe against Amazon, Flipkart, Retail News, ET Retail

New Delhi : Following the Karnataka High Court ordering a stay on the anti-trust probe against e-commerce giants Amazon and Flipkart, the Confederation of All India Traders (CAIT) is likely to file a petition challenging the stay in the Supreme Court in the coming week. Speaking to IANS, Praveen Khandelwal, National General Secretary of CAIT …

CAIT may challenge stay on CCI probe against Amazon, Flipkart, Retail News, ET RetailRead More

CAIT may challenge stay on CCI probe against Amazon, Flipkart, Retail News, ET Retail

New Delhi : Following the Karnataka High Court ordering a stay on the anti-trust probe against e-commerce giants Amazon and Flipkart, the Confederation of All India Traders (CAIT) is likely to file a petition challenging the stay in the Supreme Court in the coming week. Speaking to IANS, Praveen Khandelwal, National General Secretary of CAIT …

CAIT may challenge stay on CCI probe against Amazon, Flipkart, Retail News, ET RetailRead More

After Amazon, Flipkart challenges India antitrust probe, Retail News, ET Retail

NEW DELHI: Walmart‘s Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com Inc. The Competition Commission of India (CCI) in January ordered a probe into alleged violations of competition law and certain discounting …

After Amazon, Flipkart challenges India antitrust probe, Retail News, ET RetailRead More

CAIT to appeal against order staying probe on Amazon, Flipkart, Retail News, ET Retail

New Delhi: The Confederation of All India Traders (CAIT) has said it will file an appeal against Karnataka High Court’s stay order on Competition Commission of India‘s (CCI) investigation against Amazon and Flipkart. In a statement the traders’ body said that the court has stayed the order for investigation passed by the CCI on the …

CAIT to appeal against order staying probe on Amazon, Flipkart, Retail News, ET RetailRead More

e-commerce: India court stalls e-commerce antitrust probe following Amazon challenge

NEW DELHI/BENGALURU – An Indian court on Friday put on hold an antitrust investigation into leading e-commerce companies following a challenge by Amazon.com Inc, two lawyers involved in the proceedings told Reuters on Friday. The Competition Commission of India (CCI) last month ordered a probe into Amazon and rival Walmart‘s Flipkart over alleged violations of …

e-commerce: India court stalls e-commerce antitrust probe following Amazon challengeRead More

Karnataka HC stays CCI probe against Amazon, Flipkart, Retail News, ET Retail

Bengaluru, The Karnataka High Court on Friday ordered a stay on the Competition Commission of India’s (CCI) probe into violation of competition laws by e-commerce giants Amazon and Flipkart. The court has asked the respondents in the matter including CCI and Confederation of All India Traders (CAIT) to file their responses within eight weeks. The …

Karnataka HC stays CCI probe against Amazon, Flipkart, Retail News, ET RetailRead More