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MYNTRA ED 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.
- ED files complaint under FEMA against Myntra Designs and its related companiesThe Enforcement Directorate has filed a complaint under FEMA against Myntra Designs Pvt. Ltd., its related companies, and directors for all...
- 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...
- India’s ‘swipe-up’ generation set to swipe right on festive deals, driving sales this seasonBrands in India are gearing up to tap into the spending power of Gen Z this festive season, with expectations for a significant boost in co...
- Accel Atoms 4.0 to invest up to $1 million in startups focused on 'Bharat' opportunity, AIAccel has launched the fourth edition of its pre-seed scaling programme, Accel Atoms 4.0, offering up to USD 1 million in funding and perks...
- 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...
- Taking the battle head-onTwitter, in its writ petition, said orders from the ministry of electronics & information technology (MeitY) were “overboard and arbitrary,...
- Early-stage VC firm Multiply Ventures raises Rs 260 croreMost of the investors in the fund are Indian family offices and digital-first entrepreneurs. Around 95% of the investors are from India, it...
- Paytm's board gamesPaytm, which plans to go public in a few months, has agreed to give its founder Vijay Shekhar Sharma the right to appoint one member to its...
- Can internet industry based in metros and diversified across sectors find a cohesive voice?IAMAI and Nasscom measure themselves by government action on their policy recommendations — with, say, Trai and DIPP — not high-decibel sta...
- Delhi HC refuses order against ecommerce firms Snapdeal, Myntra on FDI rules violations; seeks ED probeHC has refused to pass any interim order against 21 ecommerce firms over allegations that they violated India’s foreign direct investment r...
- 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.
- E-tailers turn sponsors: Amazon outbids Myntra & Snapdeal to sponsor India Fashion WeekAmazon will be shelling out almost Rs 100 crore for a multi-year association with the event which will now be called Amazon India Fashion W...
- 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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