This story was originally published on the Benzinga India portal. The Competition Commission of India (CCI) has reportedly intensified its antitrust investigation into e-commerce giants Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT)-backed Flipkart, requesting their financial statements. What Happened: The CCI’s demand for financial records from Amazon Seller Services and Flipkart Internet will play a major role in determining a potential penalty on the firms, based on the companies’ defense in a four-year-long case, Mint reported. A 2023 amendment to the competition law enables the CCI to impo…
