NEW DELHI (Reuters) - Walmart's Flipkart sees nothing wrong in offering to cut charges for sellers on its platform if they lower product prices, its lawyer told an Indian court on Monday, drawing protest from a retailer group challenging the practice. Flipkart and Amazon are in a court battle against the Competition Commission of India's (CCI) bid to restart an investigation into their business practices, after a judge in early June dismissed the companies' pleas. Both Flipkart and Amazon have for years battled accusations from brick-and-mortar Indian retailers that they bypass the foreign investment law by favouring some sellers and influencing prices of products, which are prohibited. India's foreign investment law for e-commerce says "entities providing (a) marketplace will not directly or indirectly influence the sale price of goods or services". Amazon has said it "does not give preferential treatment to any seller" and prices are only decided by sellers.

Source: The Star June 21, 2021 13:30 UTC