Foreign Exchange Management Act

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…

By IANS HYDERABAD: Tollywood actor Vijay Devarakonda on Wednesday appeared before the Enforcement Directorate (ED) in connection with the investigation relating to…

The Union government on Monday said that contribution by a foreign company cannot be treated as "foreign source" if it fulfils certain conditions. "Provided that where the nominal value of…

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…

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…

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%…

The ED probe into alleged money laundering by crypto exchange WazirX and the subsequent squabbling among its promoters has revealed the 'darker side' of cryptocurrencies, a top government…

The Enforcement Directorate (ED) on Friday said it has frozen bank deposits of Rs. 64.67 crore as part of a money laundering probe against crypto currency exchange WazirX.The federal agency…

Amount was sent to three foreign–based entities in the guise of royalties, says agency Amount was sent to three foreign–based entities in the guise of royalties, says agency The…

The executives have been summoned along with documents for the coming week under the provisions of the Foreign Exchange Management Act (FEMA), say official sources The Enforcement…