Walmart's Flipkart has filed a legal challenge against an antitrust investi...
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 in January ordered a probe into alleged violations of competition law and certain discounting practices by the two e-commerce giants, but a state court put the investigation on hold last week following a challenge by Amazon. The filing comes days ahead of U.S. President Donald Trump’s visit to India, and amid U.S. concerns about India’s tightening of foreign investment rules for the ecommerce sector.
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