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Sunday, October 26, 2025
TopicForeign Exchange Management Act

Topic: Foreign Exchange Management Act

ED files FEMA case against Myntra & its directors for ‘Rs 1,654 crore FDI violation’

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.

ED raids Empuraan co-producer’s chit fund firm to probe alleged FEMA violations worth Rs 1,000 cr

The agency is also 'examining' multiple cases of cheating & forgery filed against the Chennai-based firm by various state police forces, it is learnt.

ED issues FEMA notice to cryptocurrency exchange WazirX for transactions over Rs 2,790 cr

The agency said that it stumbled upon the transactions of the company during an ongoing money laundering probe into the ‘Chinese-owned’ illegal online betting applications.

On Camera

After losing no.2 carmaker spot, Hyundai is betting big on the new Venue

Indian car buyers are just as tech-obsessed as their Chinese counterparts, and that obsession has taken precedence over handling and performance.

Paper in MoSPI journal flags financial inclusion gap—highest among Hindus, lowest for Muslims

Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.

From battle of wits and daring air strikes to artillery fury, new details emerge of Operation Sindoor

Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.