A shift from corridor-led expansion to customer-centric design forms the core principle needed to drive the next stage of India's cross-bor...

The US administration has renewed a USD 100,000 fee for certain H-1B visa petitions. This move could significantly affect Indian IT profess...

India's Serious Fraud Office proposed investigating Xiaomi for alleged business irregularities. The probe would examine fund movements and ...

Under RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, ope...

The Enforcement Directorate arrested two Delhi-based cyber criminals, Punit Kumar and Ashish Kakkar, for siphoning off over Rs 4,900 crore ...

The Travel Agents Association of India (TAAI) has appealed to the Indian government to abolish or defer the implementation of the new Tax C...

According to an ED official Saurabh is accused of sending foreign remittance with the help of fake bills of entries during demonetisation p...

Besides, such firms are required to employ email cracking tools voice interpreter, mobile call interpreter, big data analysing tools and li...

The government had however mentioned earlier that the BoB case pertains to alleged irregularities in outward foreign remittances.

CBI suspects a 'major chunk' of loans taken from IDBI Bank, which was transferred to Axis Bank, was used for foreign remittances .

CBI suspects that a "major chunk" of the loans taken from the IDBI Bank was used for foreign remittances towards lease rentals, purchase of...

The agency has also arrested a Ghaziabad-based foreign exchange operator for sending these illegal remittances to these foreign locations.

Rajan said cases will be pursued both by the central bank and investigative agencies to the "ultimate conclusion" to ensure that guilty are...

"Besides CBI and ED, SFIO has also initiated a probe into the BoB matter," a senior Finance Ministry official said.

"We want CBI to complete investigation expeditiously. As of now, we don't know whether the amount involved is Rs 6,000 crore," a top minist...

Global remittance and foreign exchange brand UAE Exchange has joined hands with financial crime solutions provider NICE Actimize.

In the three cases under investigation, a total of $700 million was sent out of India, mainly to trading hubs like Dubai and Hong Kong, in ...