Both appeals may be heard on Friday
The companies have denied wrongdoing and near-immediate legal challenges from the pair stalled the investigation for more than a year until a court last week ruled it could resume
E-commerce policy expected to be finalised by end of June
Flipkart said it is working with over 9,300 Kirana delivery partners and 10,000 sellers from the region.
The Competition Commission of India (CCI) initiated a probe in January last year on the basis of a complaint alleging Amazon and Flipkart promoted select sellers on their e-commerce platforms
ADQ was formerly known as Abu Dhabi Developmental Holding Company
Flipkart Wholesale is also witnessing high organic adoption of e-commerce among its Best Price members
Over five years, Amazon, Flipkart and many other foreign-funded e-commerce companies have indulged in unethical business practices with an objective of taking control of e-commerce, retail business.
On Friday, the Karnataka High Court dismissed a petition from Amazon and Flipkart requesting a stay on India's antitrust watchdog CCI's probe into both companies' alleged anti-competitive practices.
Karnataka HC dismissed the petitions of e-commerce giants Amazon and Flipkart against a probe by CCI
Walmart-backed Flipkart will utilise learnings from its tech-enabled supply chain to deploy drones and enable deliveries of medical supplies.
The Competition Commission of India (CCI) announced a probe in January 2020 into Amazon and Flipkart following a complaint from a trader group
Walmart-owned Flipkart has announced a new policy for employees
For over 70 years, ToysRUs has been a global leader in the toy category.
Walmart-owned Flipkart on Monday launched a contactless, QR-code-based payment facility for all its pay-on-delivery shipments. Consumers who opt for cash on delivery can use this facility, scan the QR code attached to their purchase and make a digital payment for their order through any UPI app at the time of delivery, a statement said. This will help those consumers, who opted for cash on delivery, who can use this facility to scan the QR code attached to their purchase and make a digital payment for their order through any UPI app at the time of delivery. The payment method not only ensures greater safety for consumers at a time when they are looking to minimise personal contact but also addresses the trust deficit that many consumers might face, the statement said. The payment constructs and in-house fintech innovations of Flipkart are empowering new-to-internet customers and helping bring the next 200 million users to the platform, it added. "As the lines between e-commerce ..
The funding -- from SoftBank, Abu Dhabi's ADQ, CPPIB -- is expected to set the stage for Flipkart's IPO in the US by next year and increase its valuation to about $50 bn, say sources
Techy conglomerate investing in Flipkart at a time when Reliance Industries and Tata are betting big on e-commerce as well.
Our top headlines on Friday track the latest developments
The company will roll out 1 million self-test kits starting today and based on consumer demand, it will make 7 million units available per week
Sellers get secured and unsecured loans at interest as low as 9%; sanctions and disbursals within 24 hours of application