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GOOGLE FEMA VIOLATION
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.- HCLTech's lukewarm results; ED's deal for FlipkartHCLTech reported flat net profit in July-September quarter but an 11% bump in revenue. This and more in today's ETtech Top 5.
- 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...
- How the I-T is hunting India’s hidden crypto wealthThe Income Tax department is training its officials to identify crypto assets during raids. Officers are learning to spot digital clues and...
- Apple’s India pivot; Cloud, AI fuel Alphabet's gainApple is seeking to assemble all iPhones sold in the US in India by next year, the Financial Times reported. This and more in today’s ETtec...
- Karnataka HC tells Google India to deposit 50% FEMA fineIn a judgment passed last month, the copy of which has become available now, a high court division bench comprising justices V Kameswar Rao...
- Karnataka HC orders Google India, 3 executives to give bank guarantee for 50% of ED’s penaltyThe ED had imposed Rs 5 crore penalty on Google India, Rs 5 lakh on Hari Raju Mahadevu (now substituted by Vivek Chhabra), and Rs 20 lakh o...
- HC directs Google India, three top execs to submit bank guarantees for 50% of Fema violation penaltyThe Karnataka High Court has directed Google India and its officials to provide bank guarantees covering 50% of penalties imposed for alleg...
- Juspay, others secure payment aggregator nod; Paytm shares reboundZoho is the first enterprise Saas player to get the payment aggregator nod from the RBI, joining the likes of Razorpay, Cashfree, Zomato an...
- ED flags failure to submit papers, delays by Byju’s; HCL eyes Karnataka for chip facilityByju’s founder and chief executive Byju Raveendran could be in trouble after the Enforcement Directorate (ED) said he appears to be “guilty...
- CaratLane to challenge FEMA violation notice; govt may use DigiLocker for parental consentCaratLane Trading is under the lens of the Enforcement Directorate (ED) for alleged violation of Foreign Direct Investment (FDI) regulation...
- GST officers detect tax evasion by offshore entities providing online betting, gamblingThese online betting and gambling apps are available on Google Play Store for android phone users and App Store for iOS users and can be fr...
- ED summons crypto execs; startup valuations drop sharplyED has issued notices to a few crypto firms and summoned their top executives as it probes alleged violations of India’s foreign exchange l...
- Scoop: Reliance partners Google, Facebook in seeking NUE licence from RBIThe new umbrella entity (NUE) will be jointly promoted by a Reliance unit and Infibeam Avenues' So Hum Bharat, while Facebook and Google wi...
- ETtech Evening Briefing on Feb. 26, 2021: Crypto salaries are a thingMany Indian techies get paid in cryptocurrency, say it’s faster and easier. India’s income tax department is looking at startup valuations,...
- ETtech Evening Briefing on 28 Jan. 2021: Top 5 Tech News, in 10 MinutesIt’s all happening today. All the Big Tech firms—WhatsApp, Facebook, Google, Apple and Amazon—are in the news for their evolving machinatio...
- View: India's competition law needs to be fine-tuned to discourage predatory behaviour in digital economyAntitrust regulators worldwide aim to strike a balance between enforcement and preserving the competitiveness of such markets, since adopti...
- Indian radio cab operators Meru Cab, Easy Cabs allege FEMA violation by Uber; say flouting RBI norm on credit card transactionsIndian radio taxi providers alleged that the San Francisco startup Uber stores passenger creditcard details on its system.
- Google, Yahoo Indian units probed for possible forex violations: ReportsNotices have been sent to the Indian units that they are being investigated for potential violations, a report said.
- ED issues foreign exchange violation notice to GoogleThe ED is investigating if the internet search giant violated the norms laid down by the RBI with regard to transfer of funds abroad.
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