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Indian competition watchdog's ₹202cr fine on Amazon quashed by SC

Indian competition watchdog's ₹202cr fine on Amazon quashed by SC

NewsBytes 7 hrs ago
The Supreme Court has overturned the Competition Commission of India's ₹202 crore fine on Amazon. The penalty was related to Amazon's 2019 investment in Future Coupons, a promoter entity of Future Retail.
The CCI had alleged that Amazon hid material information and made false statements while seeking regulatory approval for the deal.
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Disclaimer: This content has not been generated, created or edited by Dailyhunt. Publisher: NewsBytes