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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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Huge Currency Swap Agreement To Help Maldives On Foreign Exchange Reserves
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.
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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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Thane Man Duped Of Rs 4 Lakh On Promise Of Foreign Currency Exchange: Cops
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.
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India's Forex Reserve Touches Record High Of $681 Billion
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.
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Rs 908 Crore Penalty On DMK MP In Foreign Exchange Violation Case
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.
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Maldives Police Investigate Alleged Coup Plot To Overthrow Government
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.
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Bitget Working With FIU-IND to Obtain Licensing to Operate in ‘Key Market’ India
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.
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Fund Set Up By Kotak Mahindra Bank Used To Short Sell Adani Enterprises
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.
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SEBI Issues Show Cause Notice To Hindenburg, Nathan Anderson Over Adani Report
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.
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RBI Extends Currency Swap Support For SAARC Nations Until 2027
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.
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RBI Sold Net $3.6 Billion In Spot Forex Market In April
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.
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Enforcement Directorate Files Money Laundering Case Against Mahua Moitra
In more trouble for Trinamool Congress leader Mahua Moitra, the Enforcement Directorate today filed a money laundering case against her in connection with the alleged cash-for-query case.
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Trinamool Leader Mahua Moitra To Skip Third Probe Agency Summons
Trinamool leader Mahua Moitra is likely to skip summons issued by Directorate of Enforcement (ED) to question her in connection with a foreign exchange violation case today. The probe agency sent a third summons to the West Bengal leader on Wednesday
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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.
-
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.
-
Huge Currency Swap Agreement To Help Maldives On Foreign Exchange Reserves
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 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.
-
Thane Man Duped Of Rs 4 Lakh On Promise Of Foreign Currency Exchange: Cops
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 Forex Reserve Touches Record High Of $681 Billion
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.
-
Rs 908 Crore Penalty On DMK MP In Foreign Exchange Violation Case
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.
-
Maldives Police Investigate Alleged Coup Plot To Overthrow Government
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.
-
Bitget Working With FIU-IND to Obtain Licensing to Operate in ‘Key Market’ India
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.
-
Fund Set Up By Kotak Mahindra Bank Used To Short Sell Adani Enterprises
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.
-
SEBI Issues Show Cause Notice To Hindenburg, Nathan Anderson Over Adani Report
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.
-
RBI Extends Currency Swap Support For SAARC Nations Until 2027
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.
-
RBI Sold Net $3.6 Billion In Spot Forex Market In April
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.
-
Enforcement Directorate Files Money Laundering Case Against Mahua Moitra
In more trouble for Trinamool Congress leader Mahua Moitra, the Enforcement Directorate today filed a money laundering case against her in connection with the alleged cash-for-query case.
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Trinamool Leader Mahua Moitra To Skip Third Probe Agency Summons
Trinamool leader Mahua Moitra is likely to skip summons issued by Directorate of Enforcement (ED) to question her in connection with a foreign exchange violation case today. The probe agency sent a third summons to the West Bengal leader on Wednesday
