Market Chatter: Indian Regulator Alleges Samsung, Other Smartphone Makers of Antitrust Violations

MT Newswires Live09-17

The Competition Commission of India (CCI) accused South Korean electronics products manufacturer Samsung Electronics (KRX:005930), China's Xiaomi (HKG:1810), among others, of colluding with e-commerce giants Amazon and Flipkart to exclusively launch products on their Indian websites, Reuters reported Monday.

The other accused smartphone manufacturers are Motorola, Realme, and OnePlus, the news agency said in an exclusive report.

The CCI's antitrust investigations revealed that Amazon and Flipkart violated local competition laws by favoring select sellers and offering steep discounts, the report said.

"Exclusivity in business is anathema. Not only is it against free and fair competition but also against the interest of consumers," CCI additional director general G.V. Siva Prasad reportedly said in the regulator's Amazon and Flipkart reports.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2468644337?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-17 18:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468644337","market":"sh","top_or_hot":-1,"title":"Market Chatter: Indian Regulator Alleges Samsung, Other Smartphone Makers of Antitrust Violations","media":"MT Newswires Live","content":"<html><body><p> The Competition Commission of India (CCI) accused South Korean electronics products manufacturer Samsung Electronics (KRX:005930), China's Xiaomi (HKG:1810), among others, of colluding with e-commerce giants Amazon and Flipkart to exclusively launch products on their Indian websites, Reuters reported Monday.</p><p>The other accused smartphone manufacturers are Motorola, Realme, and OnePlus, the news agency said in an exclusive report.</p><p>The CCI's antitrust investigations revealed that Amazon and Flipkart violated local competition laws by favoring select sellers and offering steep discounts, the report said.</p><p>\"Exclusivity in business is anathema. Not only is it against free and fair competition but also against the interest of consumers,\" CCI additional director general G.V. Siva Prasad reportedly said in the regulator's Amazon and Flipkart reports.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Indian Regulator Alleges Samsung, Other Smartphone Makers of Antitrust Violations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Indian Regulator Alleges Samsung, Other Smartphone Makers of Antitrust Violations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-17 18:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Competition Commission of India (CCI) accused South Korean electronics products manufacturer Samsung Electronics (KRX:005930), China's Xiaomi (HKG:1810), among others, of colluding with e-commerce...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BFSS7M15.SGD","symbol_name":"Janus Henderson Balanced A Acc SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2468644337","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468644337","pubTimestamp":1726569760,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"The Competition Commission of India  accused South Korean electronics products manufacturer Samsung Electronics , China's Xiaomi , among others, of colluding with e-commerce giants Amazon and Flipkart to exclusively launch products on their Indian websites, Reuters reported Monday.The other accused smartphone manufacturers are Motorola, Realme, and OnePlus, the news agency said in an exclusive report.The CCI's antitrust investigations revealed that Amazon and Flipkart violated local competition laws by favoring select sellers and offering steep discounts, the report said.\"Exclusivity in business is anathema. Not only is it against free and fair competition but also against the interest of consumers,\" CCI additional director general G.V. Siva Prasad reportedly said in the regulator's Amazon and Flipkart reports.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"81810":"小米集团-WR","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0079474960.USD":"联博美国增长基金A","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4524":"宅经济概念","BK4579":"人工智能","BK1193":"电脑硬件、储存设备及电脑周边","BK4534":"瑞士信贷持仓","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0061474960.USD":"天利环球焦点基金AU Acc","XIACY":"小米集团ADR","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK1575":"同股不同权","BK4515":"5G概念","01810":"小米集团-W","CCI":"冠城","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4592":"伊斯兰概念","LU0097036916.USD":"贝莱德美国增长A2 USD","BK1506":"5G概念","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","BK4561":"索罗斯持仓","BK4122":"互联网与直销零售","BK1502":"双十一","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4538":"云计算","BK4566":"资本集团","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK1607":"新IT概念","BK4503":"景林资产持仓","BK4219":"电信塔房地产信托","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC"},"translate_title":"市场热议：印度监管机构指控三星和其他智能手机制造商违反反垄断法","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81810":0.6,"XIACY":1,"CCI":1,"01810":0.9},"content_text":"The Competition Commission of India (CCI) accused South Korean electronics products manufacturer Samsung Electronics (KRX:005930), China's Xiaomi (HKG:1810), among others, of colluding with e-commerce giants Amazon and Flipkart to exclusively launch products on their Indian websites, Reuters reported Monday.The other accused smartphone manufacturers are Motorola, Realme, and OnePlus, the news agency said in an exclusive report.The CCI's antitrust investigations revealed that Amazon and Flipkart violated local competition laws by favoring select sellers and offering steep discounts, the report said.\"Exclusivity in business is anathema. Not only is it against free and fair competition but also against the interest of consumers,\" CCI additional director general G.V. Siva Prasad reportedly said in the regulator's Amazon and Flipkart reports.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468644337"}