Amazon, Walmart Hit by India Refusal to Extend Policy Deadline
- New regulations will pinch companies’ online product offerings
- E-commerce giants lobbied government to delay the new rules
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Amazon.com Inc. and Walmart Inc. suffered a blow in India, the next frontier of e-commerce, when the government rejected requests to defer a deadline requiring online retailers to comply with tighter new rules starting on Friday.
That means Amazon and Walmart-owned Flipkart, India’s two largest online retailers who dominate the market, won’t be able to sell the products of companies in which they have business interests, drastically reducing the categories and goods offered to shoppers.