Canada markets closed
  • S&P/TSX

    20,490.36
    -111.74 (-0.54%)
     
  • S&P 500

    4,432.99
    -40.76 (-0.91%)
     
  • DOW

    34,584.88
    -166.44 (-0.48%)
     
  • CAD/USD

    0.7832
    -0.0054 (-0.69%)
     
  • CRUDE OIL

    71.96
    -0.65 (-0.90%)
     
  • BTC-CAD

    61,072.20
    -9.25 (-0.02%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.62%)
     
  • GOLD FUTURES

    1,753.90
    -2.80 (-0.16%)
     
  • RUSSELL 2000

    2,236.87
    +3.96 (+0.18%)
     
  • 10-Yr Bond

    1.3700
    +0.0390 (+2.93%)
     
  • NASDAQ

    15,043.97
    -137.96 (-0.91%)
     
  • VOLATILITY

    20.81
    +2.12 (+11.34%)
     
  • FTSE

    6,963.64
    -63.84 (-0.91%)
     
  • NIKKEI 225

    30,500.05
    +176.71 (+0.58%)
     
  • CAD/EUR

    0.6677
    -0.0021 (-0.31%)
     

After Flipkart, Amazon files appeal at India's Supreme Court in antitrust probe

·1 min read
FILE PHOTO: A man walks past an Amazon logo outside the company's collection point in Mumbai

NEW DELHI (Reuters) - Amazon.com Inc on Wednesday filed an appeal with India's top court against a state court's order that allowed an antitrust probe against the U.S. firm and Walmart's Flipkart to continue, according to source and court listings.

A court in south India last week dismissed cases filed by Amazon and Flipkart which sought to quash the Competition Commission of India's (CCI) 2020 investigation on accusations that the companies circumvent Indian law by creating complex business structures.

The companies have denied wrongdoing, but the state court in Karnataka said "they should not feel shy in facing an inquiry."

Details of Amazon's plea were not immediately clear. The Supreme Court website showed the case listing of an appeal, without giving further details.

Flipkart challenged the decision in the Supreme Court on Tuesday and has requested a restraint on the CCI after the watchdog asked 32 "sensitive" questions in mid July, in what the firm called an "invasive" investigation.

(Reporting by Aditya Kalra and Abhirup Roy)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting