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FEMA MYNTRA CASE
ED's Parimatch heat reaches Zepto; SPC's India deeptech pushZepto has come under the ED's scanner as part of its probe into Parimatch. This and more in today's ETtech Top 5.- FEMA case against Myntra closed following compounding: EDMyntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no o...
- RBI clears Myntra's FEMA violations after penalty payment; ED closes investigationThe Reserve Bank of India has closed an Enforcement Directorate investigation into Myntra Designs Private Limited. This action follows the ...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- School Assembly Headlines for July 24: Top national, international, sports and business updatesIndia is set to resume tourist visas for Chinese nationals after five years, while the Rajya Sabha will debate the Pahalgam attack. A Ghazi...
- Infy's steady Q1; Myntra under ED lensInfosys raised its revenue guidance for the current financial year after stable financial results in the April-June quarter. This and more ...
- ED files Fema case against Myntra for Rs 1,654 crore FDI violationFlipkart-owned fashion etailer Myntra is facing an ED complaint for alleged FDI rules violations, totalling Rs 1,654 crore. Accused of misu...
- ED files FEMA case against Myntra, linked firms for Rs 1,654 cr violationThe Enforcement Directorate (ED) has filed a case under the Foreign Exchange Management Act (FEMA) against Flipkart-backed Myntra Designs P...
- Winning the subscription battle; and other top tech, startup stories this weekE-commerce industry executives say that the key to making a subscription programme work is always a large bouquet of offerings. The pricing...
- Significant valuation markdown coming for Byju’s, Peak XV tells LPs; Myntra rejig to lay off 50Hello, happy hump day, but maybe not for Byju’s. Peak XV Partners, formerly Sequoia India, has told its investors that it will have to sign...
- Flipkart spent $1.1B in six months; Facebook may quietly sack 15% of workersFlipkart has made multiple acquisitions and investments, and started several new businesses since late last year. Now, its parent company W...
- Taking the battle head-onTwitter, in its writ petition, said orders from the ministry of electronics & information technology (MeitY) were “overboard and arbitrary,...
- Marketplace model used by ecommerce companies not recognised under India’s FDI policy: DIPPThe department has also suggested that it’s up to the financial watchdogs to investigate whether there has been any violation of FDI rules ...
- DIPP likely to back ecommerce companies in legal tussle with footwear firmsThe government is likely to back ecommerce companies in the their legal tussle with the Footwear Manufacturers and Retailers Association (A...
- Delhi HC orders ED to probe whether ecommerce companies like Snapdeal, Jabong, Myntra have flouted FDI rulesThe court was hearing a case filed against the government by shoe shop owners on the grounds that India bars overseas capital in the sector.
- ED finds FEMA violation against Flipkart, penalty likely to be around Rs 1,000 croreIndia's top e-commerce company had violated provisions of FEMA as WS Retail, the holding company had investments from companies overseas.
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