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Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
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.
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ED Said to Summon Amazon, Flipkart Executives as Regulatory Scrutiny Grows
The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion (roughly Rs. 5,93,614 crore) e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers,
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Probe Agency Searches Amazon Vendors Over Foreign Exchange Violation: Report
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.
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Canada Orders Shutdown of TikTok's Business in Country, App Access to Continue
Under Canadian law, the government can assess potential risks to national security from foreign investments, such as the TikTok proposal. The law prevents the government from revealing the details of such investments.
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H1B Visa "Thing Of Past": Union Minister Piyush Goyal After US Visit
Union Minister of Commerce and Industry, Piyush Goyal, declared that the H1B visa issue is now "a thing of the past" during a meeting at Vanijya Bhavan, New Delhi.
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Keir Starmer Vows To Cut Red Tape, Urges Foreign Investors To 'Back' UK
Keir Starmer - treading a tricky path to be both pro-business and also pro-worker, with a series of new workplace safeguards for employees -- has placed great importance on the International Investment Summit in London.
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Foreign Service Officer, Husband Charged With Duping Lucknow Doctor Of Rs 64 lakh
A police case has been filed against an Indian Foreign Service (IFS) officer and her husband for allegedly duping a doctor of over Rs 64 lakh on the pretext of investment, police said on Friday.
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IIM Alumnus' Post On Indians Spending 60% Retirement Savings On Child's Foreign Studies Sparks Discussion
A startup founder has sparked a discussion online over the high cost of studying abroad. "Education is no more affordable," said, Aviral Bhatnagar, Founder and Managing Partner of AJVC, a pre-seed fund investing in Indian startups.
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This State Tops In Attracting Highest Foreign Direct Investment In 1st Quarter Of FY25
Maharashtra has topped in attracting the highest Foreign Direct Investment (FDI) during the first quarter of the current financial year 2024-2025.
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India To Soon Top China Among Emerging Global Markets: Morgan Stanley
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.
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PM Modi's Singapore Visit To Take Ties To An "Entirely New Level": Foreign Ministry
Prime Minister Narendra Modi will be on an official visit to Singapore on September 4, 5 to further strengthen bilateral ties between the two nations.
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Singapore Airlines Gets India's Nod For Vistara-Air India Merger
Singapore Airlines on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world's largest airline groups.
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FDI Inflows From China Can Increase India's Global Supply Chain Participation: Economic Survey
Increased foreign direct investment inflows from China can help increase India's global supply chain participation and push exports, says the Economic Survey.
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Centre Won't Liberalise Foreign Direct Investment In Tobacco Sector: Minister
The central government is not inclined to liberalize Foreign Direct Investment (FDI) in the tobacco sector, Union Commerce Minister Piyush Goyal said on Tuesday.
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India Receives Foreign Direct Investment Inflow Of $72.9 Billion In FY24
Maintaining consistency in attracting foreign investment inflows, India has received a total foreign direct investment (FDI) inflow of USD 70.9 billion in the financial year 2023-24.
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Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
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.
-
ED Said to Summon Amazon, Flipkart Executives as Regulatory Scrutiny Grows
The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion (roughly Rs. 5,93,614 crore) e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers,
-
Probe Agency Searches Amazon Vendors Over Foreign Exchange Violation: Report
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.
-
Canada Orders Shutdown of TikTok's Business in Country, App Access to Continue
Under Canadian law, the government can assess potential risks to national security from foreign investments, such as the TikTok proposal. The law prevents the government from revealing the details of such investments.
-
H1B Visa "Thing Of Past": Union Minister Piyush Goyal After US Visit
Union Minister of Commerce and Industry, Piyush Goyal, declared that the H1B visa issue is now "a thing of the past" during a meeting at Vanijya Bhavan, New Delhi.
-
Keir Starmer Vows To Cut Red Tape, Urges Foreign Investors To 'Back' UK
Keir Starmer - treading a tricky path to be both pro-business and also pro-worker, with a series of new workplace safeguards for employees -- has placed great importance on the International Investment Summit in London.
-
Foreign Service Officer, Husband Charged With Duping Lucknow Doctor Of Rs 64 lakh
A police case has been filed against an Indian Foreign Service (IFS) officer and her husband for allegedly duping a doctor of over Rs 64 lakh on the pretext of investment, police said on Friday.
-
IIM Alumnus' Post On Indians Spending 60% Retirement Savings On Child's Foreign Studies Sparks Discussion
A startup founder has sparked a discussion online over the high cost of studying abroad. "Education is no more affordable," said, Aviral Bhatnagar, Founder and Managing Partner of AJVC, a pre-seed fund investing in Indian startups.
-
This State Tops In Attracting Highest Foreign Direct Investment In 1st Quarter Of FY25
Maharashtra has topped in attracting the highest Foreign Direct Investment (FDI) during the first quarter of the current financial year 2024-2025.
-
India To Soon Top China Among Emerging Global Markets: Morgan Stanley
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.
-
PM Modi's Singapore Visit To Take Ties To An "Entirely New Level": Foreign Ministry
Prime Minister Narendra Modi will be on an official visit to Singapore on September 4, 5 to further strengthen bilateral ties between the two nations.
-
Singapore Airlines Gets India's Nod For Vistara-Air India Merger
Singapore Airlines on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world's largest airline groups.
-
FDI Inflows From China Can Increase India's Global Supply Chain Participation: Economic Survey
Increased foreign direct investment inflows from China can help increase India's global supply chain participation and push exports, says the Economic Survey.
-
Centre Won't Liberalise Foreign Direct Investment In Tobacco Sector: Minister
The central government is not inclined to liberalize Foreign Direct Investment (FDI) in the tobacco sector, Union Commerce Minister Piyush Goyal said on Tuesday.
-
India Receives Foreign Direct Investment Inflow Of $72.9 Billion In FY24
Maintaining consistency in attracting foreign investment inflows, India has received a total foreign direct investment (FDI) inflow of USD 70.9 billion in the financial year 2023-24.
