NEW DELHI (Reuters) -An Indian court dismissed pleas on Friday by Amazon.com Inc and Walmart's Flipkart to quash an antitrust investigation into the business practices of the U.S. firms, dealing them a blow in their key growth market. A court had put the investigation on hold last year after Amazon and Flipkart challenged it saying the CCI had no evidence the e-commerce giants were harming competition. Dinesh Kumar of the high court in the southern state of Karnataka said he was dismissing the petitions by Amazon and Flipkart, and refused them any further relief. As the competition watchdog sought to restart the probe, it told the Karnataka court in March https://www.reuters.com/article/us-amazon-com-india-idUSKBN2BB1UF the Reuters report corroborated evidence it had received against Amazon. (Reporting by Aditya Kalra in New Delhi; Additional reporting by Abhirup Roy; Editing by Sanjeev Miglani, Clarence Fernandez and David Evans)

Source: The Star June 11, 2021 10:05 UTC