Foreign Exchange

India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.

The Enforcement Directorate Thursday conducted searches against some of the "main vendors" operating on platforms of e-commerce giants Amazon and Flipkart as part of a foreign direct investment "violation" investigation, official sources said.

Fluctuating foreign currency exchange rates can add to these financial challenges, prompting many to seek scholarships or loans.

Prime Minister Narendra Modi on Monday underlined New Delhi's position as a "close friend" of the Maldives and emphasised his government's readiness to respond to medical and economic emergencies as part of its 'neighbourhood first' foreign policy.

India is likely to soon overtake China as the most influential in a key emerging markets index, pulling in more foreign funds and adding fuel to a stock market rally that is "only past the halfway mark", Morgan Stanley said.

A 51-year-old man was allegedly duped of Rs 4 lakh by three people who offered to exchange his foreign currency at Dombivli in Maharashtra's Thane district, police said on Tuesday.

India's foreign exchange reserves increased by USD 7.023 billion, reaching a fresh record high of USD 681.688 billion, during the week that ended on August 23, according to data released by the Reserve Bank of India.

Five-time DMK MP and former Union Minister S Jagathrakshagan faces a Rs 908 crore penalty in a case of violation of foreign exchange rules.

Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.

President Vladimir Putin late on Thursday met Russian citizens, who were detained in foreign countries and returned to their homeland after a prisoners' exchange deal, at Vnukovo Airport here.

Bitget has called India a ‘key market’ as it said that it is working to get an FIU registration to operate in India. With the FIU registrations, crypto firms agree to implement strict KYC system, maintain transaction records, and report suspicious transactions.

Market regulator Securities and Exchange Board of India (SEBI) has alleged that foreign portfolio investor Kingdon Capital Management LLC and its entities aided Hindenburg to indirectly participate in Adani Enterprises Ltd.

Markets regulator Securities and Exchange Board of India (SEBI) has issued a show cause notice to Hindenburg Research LLC, Nathan Anderson, and the entities of Mauritius-based foreign portfolio investor Mark Kingdon.

The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.

The Reserve Bank of India (RBI) sold $3.65 billion on a net basis in the spot foreign exchange market in April, data released on Wednesday as part of the central bank's monthly bulletin showed.

India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.

The Enforcement Directorate Thursday conducted searches against some of the "main vendors" operating on platforms of e-commerce giants Amazon and Flipkart as part of a foreign direct investment "violation" investigation, official sources said.

Fluctuating foreign currency exchange rates can add to these financial challenges, prompting many to seek scholarships or loans.

Prime Minister Narendra Modi on Monday underlined New Delhi's position as a "close friend" of the Maldives and emphasised his government's readiness to respond to medical and economic emergencies as part of its 'neighbourhood first' foreign policy.

India is likely to soon overtake China as the most influential in a key emerging markets index, pulling in more foreign funds and adding fuel to a stock market rally that is "only past the halfway mark", Morgan Stanley said.

A 51-year-old man was allegedly duped of Rs 4 lakh by three people who offered to exchange his foreign currency at Dombivli in Maharashtra's Thane district, police said on Tuesday.

India's foreign exchange reserves increased by USD 7.023 billion, reaching a fresh record high of USD 681.688 billion, during the week that ended on August 23, according to data released by the Reserve Bank of India.

Five-time DMK MP and former Union Minister S Jagathrakshagan faces a Rs 908 crore penalty in a case of violation of foreign exchange rules.

Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.

President Vladimir Putin late on Thursday met Russian citizens, who were detained in foreign countries and returned to their homeland after a prisoners' exchange deal, at Vnukovo Airport here.

Bitget has called India a ‘key market’ as it said that it is working to get an FIU registration to operate in India. With the FIU registrations, crypto firms agree to implement strict KYC system, maintain transaction records, and report suspicious transactions.

Market regulator Securities and Exchange Board of India (SEBI) has alleged that foreign portfolio investor Kingdon Capital Management LLC and its entities aided Hindenburg to indirectly participate in Adani Enterprises Ltd.

Markets regulator Securities and Exchange Board of India (SEBI) has issued a show cause notice to Hindenburg Research LLC, Nathan Anderson, and the entities of Mauritius-based foreign portfolio investor Mark Kingdon.

The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.

The Reserve Bank of India (RBI) sold $3.65 billion on a net basis in the spot foreign exchange market in April, data released on Wednesday as part of the central bank's monthly bulletin showed.