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MYNTRA FDI VIOLATION
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 ...
- 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...
- 10-minute deliveries: Can't miss profit and regulatory hurdles to add profit in big basketIn 2024, Indians widely adopted quick commerce platforms for fast deliveries. This trend will grow in 2025, with more products available an...
- No ban on private labels, FDI policy not against consumer: GovernmentCentre tries to calm nerves, says it acted as there were complaints of cos violating policy
- National policy soon to keep ecommerce companies like Amazon, Flipkart in checkThe separate wing comprising officials from the industry department & the ED will handle any violations, strengthening the enforcement of t...
- Flipkart's ecosystem true advantage to Walmart: OfficialJudith McKenna, Executive VP, President and CEO of Walmart International, on a recent investor call has said the e-commerce market in India...
- Discounts on Amazon, Flipkart & Snapdeal illegal, in violation of FDI rules: Traders' bodyCAIT alleges sites don't have ownership of the products purported to be sold on their technology platform. They can't offer discounts on pr...
- 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 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.
- Amazon’s India operations face FDI scrutiny to check the policy compliance“Is the model followed by the company compliant with the FDI policy,” the communication to DIPP says asking it to examine the structure clo...
- 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.
- DIPP to push for FDI in e-commerceCurrent FDI policy doesn't allow FDI in business-to-consumer e-commerce. As such, 100% FDI is allowed in business-to-business e-commerce.
- After Flipkart, online retailer Myntra under ED lens for FEMA breachFollowing on the heels of Flipkart, popular online retailer Myntra has come under Enforcement Directorate’s scanner for possible violation ...
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