Cait

CCI rejects petition against Shopee; CAIT likely to move NCLAT next

Shopee, launched at the end of last year, also took the e-commerce market by storm by becoming the second most downloaded app after Meesho

Standing Committee on Finance to discuss big tech firms' practices Thursday

The panel, headed by former minister of state for finance Jayant Sinha, will also hear the views of the Confederation of All India Traders (CAIT) on the subject

CAIT seeks probe against Flipkart on purported role in narcotics trade

The seized drugs were kept in backpacks and jute bags and were wrapped in packets of e-commerce major Flipkart and other companies, according to reports

Top traders body CAIT lauds CCI raids on Amazon sellers Cloudtail, Appario

India's antitrust body has reportedly launched raids against the two top domestic sellers of Amazon over accusations of having violated competition laws

Not big players, but small brands catering to the needs of India: CAIT

CAIT said it is a myth that about 3,000 big brands of corporate houses are catering to the needs of the people of the country

Russia-Ukraine conflict opened opportunities for Indian exporters: CAIT

CAIT termed this situation as a "blessing in disguise" for Indian manufacturers and traders to fill the void with Indian goods

E-commerce portal Shopee shuts shop in India, CAIT welcomes move

Shopee will cease operations in India from Tuesday and aims to process all orders placed before that

Traders' body calls for introducing a regulator for e-commerce sector

CAIT says currently different e-commerce entities being regulated by different entities, resulting in a piecemeal approach and causing confusion among various stakeholders

Multinational e-commerce players violating FDI rules, alleges CAIT

Few multinational e-commerce entities with heavy arsenal of funding operating in India have attempted to flout the FDI norms, said CAIT.

Fair market regulator CCI is 'spineless, toothless', says CAIT

It is highly unfortunate that the CCI has dropped such an important investigation against law offender Amazon after starting a suo-moto case based on a global news agency's report, the statement said

Russia, Ukraine conflict may hit Indian economy badly, says CAIT

The Confederation of All India Traders (CAIT) said the impact will jeopardise efforts to recover the domestic trade from the Covid-19 pandemic

Traders' body CAIT moves CCI against Amazon deal with More Retail

Traders' body CAIT on Monday filed a complaint with the Competition Commission of India against Amazon accusing the e-commerce major of committing a fraud while seeking approval for the takeover of More Retail's stores in India. The Confederation of All India Traders (CAIT) claimed that in case of acquiring More Retail, Amazon committed the same fraud, misrepresentation of facts, misleading the CCI in the matter too as was done in takeover of Future Retail. "It amply exposes the sinister designs of Amazon to control Indian retail companies in a fraudulent manner to capture the physical retail trade and inventory-based e-commerce in India causing enormous harm to the traders," the traders' body alleged. CAIT said that Amazon has taken over More Retail through Samara Alternate Investment Fund (Samara AIF) that owns 51 per cent equity in Witzig Advisory LLP that in-turns owns More Retail Limited. It further stated that Amazon has obtained approval from CCI for the takeover of More Ret

CAIT seeks meeting with CCI head for early probe on Amazon, Flipkart

CAIT which represents 70 million traders, said it is learnt that CCI has transferred midway, the officer who was investigating Amazon, which has irked the country's business community

Delhi traders want markets to be freed from Covid restrictions: CAIT Survey

The traders' body stated that it has also sent a letter to the Lieutenant Governor of Delhi Anil Baijal, demanding relaxation in the Covid restrictions in the national capital.

Traders body CAIT asks govt for robust and unambiguous e-commerce policy

Alleges that FDI policy has been continuously violated by foreign-funded e-commerce firms right under govt's nose, no action taken against such companies so far

CAIT urges CCI to block Amazon's deal to acquire 100% stake in Cloudtail

Domestic traders' body CAIT said it has filed a petition before the CCI to block the transaction that has been entered into by Amazon where they will acquire 100 per cent shareholding in Cloudtail.

CAIT urges Election Commission to introduce e-voting using internet tech

The Confederation of All India Traders (CAIT) on Sunday has written to the Election Commission of India suggesting an introduction of e-voting mechanism for citizens to cast their votes.

Business volume down 45% due to third Covid wave, says CAIT

According to the CAIT, the situation has led 'business of various verticals of goods' to go down by an average of 45 per cent in the last 10 days

CAIT opposes Amazon's plan to take over Cataraman's stake in Prione

In August, Amazon and N R Narayana Murthy's Catamaran had announced that they will not continue their joint venture Prione Business Services beyond May 2022

CAIT urges Centre to ban 'Chinese' firm Shopee for FDI violations

The traders' body also alleged Shopee of being adopting "predatory pricing tactics", thereby distorting competition in the market