New Delhi: E-commerce major Flipkart said in a statement today that it is "in complete compliance with the laws of the land and will cooperate with authorities when required."
It was reacting to reports that the Enforcement Directorate is inquiring into whether the company has flouted any retail rules during its massive discount sale held last week, following complaints from traders
Earlier this week, traders' bodies had asked the government to take steps to monitor and regulate online businesses, alleging unfair competition and lack of a level-playing field.
Flipkart's "Big Billion Day" sale offered steep discounts on various products raising concerns among traders that such campaigns would badly affect players in the traditional retail market.
The portal said 1.5 million people shopped at its portal and products worth over Rs 600 crore were sold in just 10 hours.
It was reacting to reports that the Enforcement Directorate is inquiring into whether the company has flouted any retail rules during its massive discount sale held last week, following complaints from traders
Earlier this week, traders' bodies had asked the government to take steps to monitor and regulate online businesses, alleging unfair competition and lack of a level-playing field.
The portal said 1.5 million people shopped at its portal and products worth over Rs 600 crore were sold in just 10 hours.
Advertisement
COMMENTS
Advertisement
Bengaluru Man's Laptop Delivery Post Earns Him Unexpected Gift From Flipkart Bengaluru Man Orders Laptop From Flipkart, Gets It In 13 Minutes Google Pixel 8 Production in India Begins Ahead of Pixel 9 Launch Today US Millionaire, Who Died By Suicide, Owed $34 Million With $8,000 In Bank Elderly Man Slapped, Abused On Train Over Suspicion Of Carrying Beef Manipur Chief Minister Slams Tejashwi Yadav Over "Racist" Jab At Himanta Sarma 8 Killed After Bus Carrying 47 Overturns In US State Of Mississippi: Report Trump "Disrespected Sacred Ground' At US Military Cemetery: Kamala Harris Top 10 US Universities Based On Forbes Rankings 2024 Track Latest News Live on NDTV.com and get news updates from India and around the world.