Flipkart CCI Ruling to Be Appealed by Online Sellers

A group representing online sellers in India will appeal against the Competition Commission of India’s (CCI) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on Saturday. All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, had complained that Flipkart was using its dominant position…

Flipkart Acquisition by Walmart Gets Approval From Competition Commission of India

The Competition Commission of India (CCI) has approved US retail giant Walmart’s $16 billion (roughly Rs. 1.09 lakh crores) acquisition of online marketplace Flipkart, beefing up the competition to Amazon.com in the fast growing e-commerce market. Bentonville, Arkansas-based Walmart announced in May it was acquiring about 77 percent of Flipkart for roughly $16 billion in the biggest deal for India’s e-commerce sector, which…