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Chargesheet Filed Against Foreign Service Officer In Money Laundering Case
The Enforcement Directorate on Wednesday said it has filed a chargesheet against Indian Foreign Service officer Neeharika Singh, her husband, and his companies as part of an alleged investment fraud linked money laundering case.
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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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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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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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After Probe Agency Notice, Byju's Says "Fines, If Any, Will Be Nominal"
Byju's said the ED's notice received by the company is related to technical issues such as delay in filing Annual Performance Reports (APR) with respect to foreign direct investment of Rs 8,000 crore and it expects a nominal penalty, if any, in the m
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Internet Shutdowns in India Cost $1.9 Billion to the Country's Economy in the First Half of 2023: Report
Internet shutdowns by law enforcement agencies like the one in Manipur and Punjab cost $1.9 billion (nearly Rs. 15,590 crore) to the Indian economy in the first half of 2023, a report said on Thursday. The shutdowns also led to a loss of nearly $118 million (nearly Rs. 968 crore) in foreign investment and triggered over 21,000 job losses, the globa...
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Intel To Invest $25 Billion On New Plant In Israel
US chip giant Intel will spend $25 billion on a new plant in Israel, officials said Sunday, with Prime Minister Benjamin Netanyahu calling it the country's single largest foreign investment.
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Elon Musk Considers Significant Tesla Investments in France; Says 'Impressed' With President Macron
Billionaire businessman Elon Musk on Monday said he was considering "significant investments in France" as he visited the country for a summit aimed at attracting foreign business leaders.
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Byju CEO Assures Compliance Over Suspected Breaches of Forex Laws in Internal Memo After ED Raids
Indian education platform Byju's CEO is confident that the country's financial crime-fighting agency will find the company compliant after raids on its premises over suspected breaches of foreign exchange laws, according to an internal memo.
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Adani Group To Invest In Wind Power Project In Bankrupt Sri Lanka
Cash-strapped Sri Lanka on Thursday announced its first major foreign investment since it declared bankruptcy, approving a $442 million wind power project by the scandal-hit Adani group.
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Pakistan Welcomes Being Dropped From 'Grey List' Of Anti-Terror Financial Watchdog
Pakistan was taken off a global money laundering watchlist on Friday, officials said, a move Islamabad hopes will ease foreign investment and boost the country's beleaguered economy.
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US President Joe Biden Pushes Congress to Pass $52 Billion Bill to Boost US Chip Production
US President Joe Biden pressed Congress on Monday, asking it to pass a bill to provide US chipmakers with $52 billion (roughly Rs. 4,14,800 crore) in subsidies to reduce foreign sourcing for semiconductors. He cited both the economic and national security "imperative" of securing production of the tiny components needed for everything from smartpho...
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Amazon Sues Probe Agency For Going "Beyond Scope And Power": 10 Points
Amazon has taken the Enforcement Directorate, or ED, to court seeking to cancel an investigation into its 2019 deal with Future Group for alleged violations of foreign investment laws, sources have said.
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Saudi Arabia Targets $100 Billion Yearly In Foreign Investment
Saudi Arabia seeks to attract foreign investment of more than $100 billion annually under a National Investment Strategy announced Monday as part of efforts to diversify the oil-dependent economy.
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Flipkart Co-Founder Goes To Court After Probe Agency's Penalty Notice
Sachin Bansal, co-founder of e-commerce giant Flipkart, has mounted a court challenge against the Enforcement Directorate (ED), which has accused him and others of violation of foreign investment laws, court records showed.
-
Chargesheet Filed Against Foreign Service Officer In Money Laundering Case
The Enforcement Directorate on Wednesday said it has filed a chargesheet against Indian Foreign Service officer Neeharika Singh, her husband, and his companies as part of an alleged investment fraud linked money laundering case.
-
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.
-
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.
-
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.
-
After Probe Agency Notice, Byju's Says "Fines, If Any, Will Be Nominal"
Byju's said the ED's notice received by the company is related to technical issues such as delay in filing Annual Performance Reports (APR) with respect to foreign direct investment of Rs 8,000 crore and it expects a nominal penalty, if any, in the m
-
Internet Shutdowns in India Cost $1.9 Billion to the Country's Economy in the First Half of 2023: Report
Internet shutdowns by law enforcement agencies like the one in Manipur and Punjab cost $1.9 billion (nearly Rs. 15,590 crore) to the Indian economy in the first half of 2023, a report said on Thursday. The shutdowns also led to a loss of nearly $118 million (nearly Rs. 968 crore) in foreign investment and triggered over 21,000 job losses, the globa...
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Intel To Invest $25 Billion On New Plant In Israel
US chip giant Intel will spend $25 billion on a new plant in Israel, officials said Sunday, with Prime Minister Benjamin Netanyahu calling it the country's single largest foreign investment.
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Elon Musk Considers Significant Tesla Investments in France; Says 'Impressed' With President Macron
Billionaire businessman Elon Musk on Monday said he was considering "significant investments in France" as he visited the country for a summit aimed at attracting foreign business leaders.
-
Byju CEO Assures Compliance Over Suspected Breaches of Forex Laws in Internal Memo After ED Raids
Indian education platform Byju's CEO is confident that the country's financial crime-fighting agency will find the company compliant after raids on its premises over suspected breaches of foreign exchange laws, according to an internal memo.
-
Adani Group To Invest In Wind Power Project In Bankrupt Sri Lanka
Cash-strapped Sri Lanka on Thursday announced its first major foreign investment since it declared bankruptcy, approving a $442 million wind power project by the scandal-hit Adani group.
-
Pakistan Welcomes Being Dropped From 'Grey List' Of Anti-Terror Financial Watchdog
Pakistan was taken off a global money laundering watchlist on Friday, officials said, a move Islamabad hopes will ease foreign investment and boost the country's beleaguered economy.
-
US President Joe Biden Pushes Congress to Pass $52 Billion Bill to Boost US Chip Production
US President Joe Biden pressed Congress on Monday, asking it to pass a bill to provide US chipmakers with $52 billion (roughly Rs. 4,14,800 crore) in subsidies to reduce foreign sourcing for semiconductors. He cited both the economic and national security "imperative" of securing production of the tiny components needed for everything from smartpho...
-
Amazon Sues Probe Agency For Going "Beyond Scope And Power": 10 Points
Amazon has taken the Enforcement Directorate, or ED, to court seeking to cancel an investigation into its 2019 deal with Future Group for alleged violations of foreign investment laws, sources have said.
-
Saudi Arabia Targets $100 Billion Yearly In Foreign Investment
Saudi Arabia seeks to attract foreign investment of more than $100 billion annually under a National Investment Strategy announced Monday as part of efforts to diversify the oil-dependent economy.
-
Flipkart Co-Founder Goes To Court After Probe Agency's Penalty Notice
Sachin Bansal, co-founder of e-commerce giant Flipkart, has mounted a court challenge against the Enforcement Directorate (ED), which has accused him and others of violation of foreign investment laws, court records showed.
