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ED files Rs 1,654 crore FEMA case against Myntra over alleged FDI violations

ED files Rs 1,654 crore FEMA case against Myntra over alleged FDI violations

The Enforcement Directorate has accused Myntra, a Flipkart-backed company, of breaking foreign investment rules by pretending to be a "wholesale" business while actually doing "retail" sales. They say Myntra improperly received over Rs 1,654 crore in foreign funds, and a case has been filed under FEMA

23 July,2025 03:11 PM IST | New Delhi | PTI
Amazon to invest over Rs 2,000 crore in India in 2025 to strengthen operations

Amazon to invest over Rs 2,000 crore in India in 2025 to strengthen operations

The funds will also be directed towards improving employee safety and welfare initiatives, as well as developing cutting-edge tools and technology for its fulfilment network

19 June,2025 03:27 PM IST | New Delhi | mid-day online correspondent
May registers 2025’s strongest FPI inflow at Rs 19,860 crore: NSDL data

May registers 2025’s strongest FPI inflow at Rs 19,860 crore: NSDL data

The net foreign portfolio investment (FPI) inflows for the month stood at Rs 19,860 crore, making May the best-performing month so far this year in terms of foreign investment

31 May,2025 01:36 PM IST | Mumbai | ANI
Devendra Fadnavis: Maharashtra secured 40 per cent of country’s FDI in 2024-25

Devendra Fadnavis: Maharashtra secured 40 per cent of country’s FDI in 2024-25

From April 2019 to October 2019, when Fadnavis was the CM, Maharashtra received an FDI of Rs 25,316 crore. He, however, did not share the figures from November 2019 to March 2020

30 May,2025 10:03 AM IST | Mumbai | mid-day online correspondent

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