E-commerce giants Amazon and Flipkart have been asked to disclose names of top five sellers on their platform, price list of goods of preferred vendors and the kind of support provided to sellers, according to sources. The Department for Promotion of Industry and Internal Trade (DPIIT) in separate questionnaires to these companies has also asked them to share their capital structure, business model and inventory management system. E-mail queries sent to Amazon and Flipkart on the matter did not elicit any response. Commerce and Industry Minister Piyush Goyal has stated that a probe is on with regard to allegations of predatory pricing against Wal-Mart-owned Flipkart and Amazon. According to consulting firm RedSeer, e-commerce companies such as Flipkart and Amazon could generate up to $6 billion or ₹39,000 crore in sales this festive season.

Source: The Hindu October 20, 2019 10:18 UTC