Foreign Exchange Management Act

Tina Ambani, wife of Reliance ADA Group chairperson Anil Ambani, appeared before the Enforcement Directorate (ED) in Mumbai on Tuesday for questioning in connection with an investigation into the alleged contravention of the foreign…

NEW DELHI: In fresh troubles for Byju’s, the edtech company’s lenders are understood to have shelved talks to restructure its $1. 2-billion loan. The development comes close on the heels of its lenders taking the startup to court and…

RBI Governor Shaktikanta Das. | Photo Credit: ANI 2024 U.S. presidential campaign | Florida Governor Ron DeSantis launches bid to challenge Donald TrumpFlorida Guv. Ron DeSantis entered the 2024 presidential race on May 24, stepping into a…

File photo of Byju’s founder Raveendran Byju. The education platform’s CEO in an internal memo said Byju’s has satisfactorily done due diligence on all FEMA operations and is “confident that the authorities will also come to the same…

In what could be called a setback to Xiaomi, Karnataka High Court has rejected the company’s plea challenging the seizure of Rs 5,551 crore by the Enforcement Directorate(ED), as per a report. ED Xiaomi’s assets last year alleging that the…

India will investigate the valuation rules for the so-called ‘angel tax’ on investments by overseas investors in start-ups.A senior official said the government is examining the different valuation criteria prescribed under two separate…

Xiaomi India has refuted reports of the company moving base out of India to Pakistanamidst a crackdown on its operations by government agencies. A report from South Asia Index quoting sources had claimed that Xiaomi India has "almost…

Last Updated: September 30, 2022, 19:33 ISTThe order has been issued under section 37A of the FEMA against Xiaomi Technology India Private Ltd (Image: Reuters)ED had issued the order of seizure on April 29 under the FEMA and later sent it…

India's apex bank, the Reserve Bank of India (RBI), has cautioned the public not to undertake forex transactions on unauthorised electronic trading platforms (ETPs) or remit/deposit money for unauthorised forex transactions. RBI has placed…

Economic uncertainty seems to be hurting Chinese smartphone brand Xiaomi. According to the South China Morning Post, the company has cut 900 jobs. The job cuts come as the company saw a 20% fall in its global revenue during the June…