trending Market Intelligence /marketintelligence/en/news-insights/trending/4Xdc9JUWlScBQU_ChzqHvw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Amazon, Flipkart face probe over Indian foreign direct investment violation

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Amazon, Flipkart face probe over Indian foreign direct investment violation Inc. and Walmart Inc.-owned Flipkart Online Services Pvt. Ltd. are facing an investigation into their alleged violation of foreign direct investment laws in India, the Press Trust of India reported March 18, citing the Enforcement Directorate's notification to the Delhi High Court.

A case against the two online retailers has reportedly been registered under provisions of the Foreign Exchange Management Act. The probe was prompted by a petition by non-government organization Telecom Watchdog.

The petition cites a provision in the act that regulates foreign direct investment in e-commerce, blocking entities like Amazon and Flipkart from owning stocks of goods and services sold on their websites, the PTI reported.

"As a consequence of this FDI norms violation, smaller sellers are unable to participate in the fast-growing e-commerce sector," Telecom Watchdog reportedly wrote in its plea.

The news is the latest roadblock for Amazon and Flipkart's operations in the country following the implementation of more stringent regulations covering e-commerce companies announced in December 2018. The new laws forced both retailers to either sell shares in local companies in which they own a stake, create new business-to-business entities or remove a number of products from their online offerings.

Amazon and Flipkart did not respond to requests for comment from S&P Global Market Intelligence at the time of writing.