Flipkart, Amazon under scanner over festival discounts

MUMBAI: The government is probing WalMart-owned Flipkart and Amazon over the alleged predatory pricing, commerce minister Piyush Goyal said on Thursday.
Warning of stringent action as per the law for any violation, he said detailed questionnaires have been sent to these companies and their response is awaited.
According to media reports, the e-commerce majors have grossed up over USD 3 billion in gross merchandise value during the festive sales held over the past fortnight, which typically see over half of their annual sales.
“E-commerce companies have no right to offer discounts or adopt predatory prices. Selling products cheaper and resulting the retail sector to incur losses is not allowed,” Goyal told reporters here.