Flipkart and Amazon are in a court battle against the CCI bid to restart an investigation into their business practices, after a judge in early June dismissed the companies' pleas.
Govt proposes appointing chief compliance officer, nodal contact person mandatory for companies
Amazon, founded in 1994 by Jeff Bezos, remained the world's most valuable brand with an estimated value of $684 billion
The government plans to revise the e-commerce regulations in the country and bring about stricter norms, wherein the much talked-about flash sales may prohibited.
The e-commerce majors had filed separate appeals before the division Bench of the High Court, challenging a single-judge Bench order allowing the CCI to restart its probe against them.
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
The revelations come just days after Sunak led the G7 finance ministers' charge to agree to a global deal designed to make tech companies pay more tax.
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.
An auction for a ride into space next month alongside Jeff Bezos and his brother ended with a winning $28 million bid Saturday.
In a June 2 application, the coffee chain sought approval to use its name in "providing stadium and training facilities for sports and entertainment activities"
Karnataka HC dismissed the petitions of e-commerce giants Amazon and Flipkart against a probe by CCI
The Competition Commission of India (CCI) announced a probe in January 2020 into Amazon and Flipkart following a complaint from a trader group
India is a massive market for US tech giants, biggest for both Facebook and WhatsApp by user numbers and third for Twitter
Amazon.com Inc said on Thursday some corporate employees will be offered the option to return to office for three days a week and work remotely for the other two days.
Amazon.com Inc could be fined more than $425 million under the European Union's privacy law
The case relates to Amazon's collection and use of individuals' personal data and violations under EU's landmark data privacy rules known as the General Data Protection Regulation (GDPR)
Business Standard brings top headlines on Thursday
Big discounts, cashback offers, early sales part of strategy