Traders body files plea against Walmart-Flipkart deal in CCI
The Confederation of All India Traders (CAIT) has filed a petition in Competition Commission of India (CCI) against the Walmart-Flipkart deal claiming it will create unfair competition. CAIT alleges Walmart will indulge in predatory pricing, deep discounts, and loss funding after acquiring 70% Flipkart stake. Walmart will also give preference to its own inventory over others, the plea added.