Techno Blender
Digitally Yours.
Browsing Tag

amazon india appeal antitrust suspension deal future group dismissed tribunal amazon

Amazon’s Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal

An Indian appeals tribunal on Monday rejected Amazon's appeal against an antitrust suspension of its $200 million (roughly Rs. 1,561 crore) investment deal with Future Group, saying the US company concealed information when it sought approval in 2019.India's antitrust agency issued the suspension in December, stating that Amazon suppressed the actual scope of the 2019 investment and made false and incorrect statements. Amazon challenged the decision, arguing that it had not concealed information.Dismissing Amazon's plea…