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Friday, September 5, 2014's retail practices in India come under scrutiny-WSJ, (NASDAQ: AMZN)

Regulators in India are investigating whether Inc may have circumvented restrictions placed on foreign investors by selling directly to domestic consumers, The Wall Street Journal on Friday, citing unidentified sources.The Indian Finance Ministry's Enforcement Directorate is looking into whether's local subsidiary may have sold directly to customers, but made it look as if the sales were made by other companies, the Journal report said, quoting two people familiar with the matter.India does not allow foreign firms to own majority stakes in retail companies that sell more than one brand. is allowed to operate there because it acts as a marketplace rather than a retailer, according to the Journal.Amazon was not immediately available for comment., Inc. ( serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN fell by 0.16% or $-0.57/share to $345.38. In the past year, the shares have traded as low as $284.38 and as high as $408.06. On average, 3744060 shares of AMZN exchange hands on a given day and today's volume is recorded at 1299169.