AGL 40.00 Decreased By ▼ -0.21 (-0.52%)
AIRLINK 127.00 Decreased By ▼ -0.64 (-0.5%)
BOP 6.72 Increased By ▲ 0.05 (0.75%)
CNERGY 4.51 Increased By ▲ 0.06 (1.35%)
DCL 8.65 Decreased By ▼ -0.08 (-0.92%)
DFML 41.10 Decreased By ▼ -0.06 (-0.15%)
DGKC 85.40 Decreased By ▼ -0.71 (-0.82%)
FCCL 33.10 Increased By ▲ 0.54 (1.66%)
FFBL 65.77 Increased By ▲ 1.39 (2.16%)
FFL 11.65 Increased By ▲ 0.04 (0.34%)
HUBC 111.47 Decreased By ▼ -0.99 (-0.88%)
HUMNL 14.74 Decreased By ▼ -0.07 (-0.47%)
KEL 5.16 Increased By ▲ 0.12 (2.38%)
KOSM 7.59 Increased By ▲ 0.23 (3.13%)
MLCF 40.35 Increased By ▲ 0.02 (0.05%)
NBP 60.11 Decreased By ▼ -0.97 (-1.59%)
OGDC 194.25 Increased By ▲ 0.07 (0.04%)
PAEL 26.60 Decreased By ▼ -0.31 (-1.15%)
PIBTL 7.38 Increased By ▲ 0.10 (1.37%)
PPL 153.80 Increased By ▲ 1.12 (0.73%)
PRL 26.20 Decreased By ▼ -0.02 (-0.08%)
PTC 17.11 Increased By ▲ 0.97 (6.01%)
SEARL 85.60 Decreased By ▼ -0.10 (-0.12%)
TELE 7.58 Decreased By ▼ -0.09 (-1.17%)
TOMCL 34.50 Decreased By ▼ -1.97 (-5.4%)
TPLP 8.93 Increased By ▲ 0.14 (1.59%)
TREET 16.80 Decreased By ▼ -0.04 (-0.24%)
TRG 62.55 Decreased By ▼ -0.19 (-0.3%)
UNITY 27.30 Decreased By ▼ -0.90 (-3.19%)
WTL 1.30 Decreased By ▼ -0.04 (-2.99%)
BR100 10,113 Increased By 27.5 (0.27%)
BR30 31,179 Increased By 9.1 (0.03%)
KSE100 94,996 Increased By 232 (0.24%)
KSE30 29,481 Increased By 71 (0.24%)

NEW DELHI: India’s antitrust body launched raids on Thursday against two top domestic sellers of online retail giant Amazon.com Inc over accusations of having violated competition laws, two sources with direct knowledge of the matter told Reuters.

The exact nature of the alleged violation was not immediately clear. The two sellers were Cloudtail and Appario, the sources said on condition of anonymity, as the details were not public. Amazon has an indirect equity stake in both.

Reliance calls off $3.4bn retail deal with India’s Future Group

Amazon did not immediately respond to a request for comment. Cloudtail, Appario and the regulator, the Competition Commission of India, also did not immediately respond to emailed queries.

A Reuters investigation last year, based on Amazon documents, showed it had given preferential treatment for years to a small group of sellers, including Cloudtail, and used them to bypass Indian laws.

In August, Amazon and Cloudtail decided the latter would cease to be a seller from May 2022.

Comments

Comments are closed.