CCI Finds Zomato, Swiggy Breached Antitrust Laws, Documents Show

An investigation by India’s antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents show. Zomato entered into “exclusivity contracts” with partners in return for lower commissions, while Swiggy guaranteed business growth to certain players if they listed exclusively on […]

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Canada Orders Shutdown of TikTok’s Business in Country Over Security Risks

Canada on Wednesday ordered Chinese-owned TikTok’s business in the country to be dissolved, citing national-security risks, but added the government was not blocking Canadians’ access to the short-video app or their ability to create content. “The government is taking action to address the specific national security risks related to ByteDance‘s operations in Canada through the […]

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ED Said to Have Raided Offices of Sellers on Amazon, Flipkart

India’s financial crime agency has raided offices of some sellers operating Amazon and Walmart-owned Flipkart in an investigation into alleged violations of foreign investment rules, two government sources said on Thursday. The searches come weeks after Reuters reported India’s antitrust body had found the two companies and their sellers violated competition laws by giving preference […]

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