CCI

The Samara Capital-Amazon consortium is set to buy More at an enterprise value of $581.4 Mn (INR 4,200 Cr)

CAIT secretary Praveen Khandelwal said once the contours of the deal are available, they will approach the Competition Commission of India

CAIT is also opposing Walmart’s recent acquisition of Flipkart and had even called for Bharat Bandh on September 28

5-day Big Billion Days sale will start from October 10

Small and medium vendors allege marketplaces giving preferential treatment to certain large seller

Flipkart expects this year’s BBD sale to rake in 80% higher GMV than last year

In the petition, CAIT has alleged that the proposed combination of Walmart-Flipkart would lead to a huge degree of vertical integration in the market

CAIT’s petition also mentioned that CCI has ignored the predatory activities of both Walmart and Flipkart carried out in the past

A caveat is an application filed in anticipation asking the court to give the caveator a fair hearing before passing an interim order

CAIT will start a Rath Yatra which will cover 28 states, over 20,000 kms with traders

The caveat has been filed by Walmart in high courts of Delhi, Bombay, Bengaluru and Ahmedabad

• CAIT will also be launching Rath Yatra on September 15 and a Mega Rally on December 16
• The Walmart-Flipkart deal has violated Press Note 3 of 2016, alleges CAIT
• CAIT members met in Nagpur to decide on the bandh

Flipkart has finally launched its customer loyalty programme Flipkart Plus, which is a no-fee membership programme

Flipkart is further working to help consumers in getting rid of their old appliances through the Perfect Buy Store

Perfect Buy Store does offer an in-depth look at all the specifications and key features

Sachin Bansal believes dual-class shares could help in creating the next Tata or Reliance without diluting control

Bansal cited the example of China and the US, where a dual-class voting structure has helped create better companies

In most major Indian startups, the majority stake is owned by foreign investors, leaving little power in the hands of founders

US retailer Walmart is now free to complete its $16 Bn worth acquisition of a 77% stake in Indian ecommerce company Flipkart

The CCI's decision is expected to spur traders nationwide into intensified protests against the deal

The CCI said that Flipkart’s discounting practices would be dealt with separately in the ecommerce policy

• Walmart plans to complete Flipkart deal by end of 2018 and raise funds for it by June 2019
• The US retailer has assured the I-T authorities that it will fulfil all regulatory requirements
• Walmart said it will work with Indian authorities to address their inquiries

Walmart Had Acquired A 77% Stake In Indian Ecommerce Company Flipkart For $16 Bn

Retailers' Body CAIT Is Fighting Aggressively To Protect The Interests Of Local Traders In The Aftermath Of The Walmart-Flipkart Deal

Cloudtail's Sales In 2016-17  Increased 24% To $848.9, However, The Commission It Pays Amazon India For Selling On The Marketplace Dropped 25% To $4.70 Mn.