The case, registered under Section 16(3) of FEMA, follows claims that Myntra was involved in multi-brand retail trade activities under the pretence of wholesale cash-and-carry operations.

As per an official statement, the ED began its investigation after receiving credible information that Myntra and its related companies were involved in multi-brand retail trading (MBRT), even though ...

The ED investigation under the provisions of the FEMA revealed that the firm runs its business through mobile application ...

Inquiry revealed Myntra Designs Pvt Ltd allegedly received Rs 1,654 cr funding through FDI in Wholesale Cash & Carry category but was doing business in Multi Brand Retail Trade category.

According to the ED’s investigation, the fintech firm received substantial Foreign Direct Investment (FDI) from the United ...

Flipkart's fashion platform Myntra is under the Enforcement Directorate's scanner for alleged violations of foreign direct ...

China has unveiled new measures to encourage overseas investors to reinvest their profits within the country, its latest ...

Foreign direct investment (FDI) in Latin America grew by 7.1% in 2024 to $188.96 billion, but new investment interest has ...