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Amazon, Flipkart pay heavy price for new regulatory norms in India

Amazon, Flipkart pay heavy price for new regulatory norms in India

February 3, 2019

Both Amazon and Flipkart, which account for about 75-80 pc of the online retail business in India and rely on a handful of large sellers for majority of sales, together lost over USD 50 billion in market capitalisation on February 1.

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