Battling Monopoly Trust: Amazon and Flipkart on Anti-trust Probation.
Marketing operating bells facing tied knot of tension among traders with two giant e-commerce websites. Flipkart which is a Walmart unit and Amazon, a giant cruise of logistics are both battling a reputation binge. Sources reported, Delhi Vyapar Mahasangh alleged these two-e-commerce unit involved in unethical business trading. Consequently, traders re-visit the court to enquire more about the case filed against them.
Traders of Delhi Vayapar Mahasangh forced to continue lodge investigation through Competition Commission of India. Whereas traders dissatisfied with the investigation asked to re-look on flawed judgments because Flipkart challenged CCI investigators for the lucid eviction. On this, Confederation of All India Trader (CAIT) put CCI on stay due to the lack of evidence.
National Secretary-General of the trade body, Praveen Khandelwal had requested the Minister of e-commerce and Industry, Piyush Goyal to regulate policy as e-commerce had experienced a lot of losses by providing deep discounts. Amazon and Flipkart are facing heavy criticism and accusations by small traders of grating billion dollars on losses of deep discounts.
As sources revealed the stats Amazon hit the bottom by $800 million and Flipkart 228 million dollars until now.