Topic
cci
E-Commerce & Marketplaces Seller Body FIRST Drags Flipkart to CCI Over Alleged Unfair Practices and Deep Discounting
The Forum for Internet Retailers, Sellers & Traders (FIRST) has filed a 157-page complaint with the Competition Commission of India (CCI) against Walmart-owned Flipkart Group, alleging structural mechanisms to distort competition through deep discounting, preferred seller benefits, and an estimated Rs 3,000 crore annual fund generated via GST avoidance on logistics operations. FIRST claims Flipkart operates an inventory-based model under the guise of a marketplace, and seeks an investigation into violations of the Competition Act.
Business CCI Clears $1.78 Billion RCB Buyout by Aditya Birla Group, Times of India Consortium
The Competition Commission of India has cleared the $1.78 billion acquisition of Royal Challengers Sports Pvt Ltd by a consortium led by Aditya Birla Group and Times of India. Aryaman Vikram Birla will serve as chairman and Satyan Gajwani as vice-chairman. The deal highlights growing investor interest in sports franchises.