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AMAZON.COM, INC.

(AMZN)
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Amazon com : After Flipkart, Amazon files appeal at India's Supreme Court in antitrust probe

07/28/2021 | 06:15am EDT
FILE PHOTO: The logo of Amazon is pictured inside the company's office in Bengaluru

NEW DELHI (Reuters) - Amazon.com Inc on Wednesday filed an appeal with India's top court against a state court's order that allowed an antitrust probe against the U.S. firm and Walmart's Flipkart to continue, according to source and court listings.

A court in south India last week dismissed cases filed by Amazon and Flipkart which sought to quash the Competition Commission of India's (CCI) 2020 investigation on accusations that the companies circumvent Indian law by creating complex business structures.

The companies have denied wrongdoing, but the state court in Karnataka said "they should not feel shy in facing an inquiry."

Details of Amazon's plea were not immediately clear. The Supreme Court website showed the case listing of an appeal, without giving further details.

Flipkart challenged the decision in the Supreme Court on Tuesday and has requested a restraint on the CCI after the watchdog asked 32 "sensitive" questions in mid July, in what the firm called an "invasive" investigation.

(Reporting by Aditya Kalra and Abhirup Roy)


© Reuters 2021
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Sales 2021 476 B - -
Net income 2021 27 103 M - -
Net cash 2021 57 789 M - -
P/E ratio 2021 65,8x
Yield 2021 -
Capitalization 1 754 B 1 754 B -
EV / Sales 2021 3,56x
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Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
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Number of Analysts 47
Last Close Price 3 462,52 $
Average target price 4 184,10 $
Spread / Average Target 20,8%
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Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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