Flipkart-owned fashion e-commerce giant Myntra is facing heat from the Enforcement Directorate, India's financial crime ...

The Enforcement Directorate (ED) on Wednesday said it has registered a FEMA case against Flipkart-backed e-commerce platform Myntra, its linked companies and directors for alleged FDI contravention of ...

India's financial crime watchdog filed a complaint against Walmart-backed Myntra, alleging the company violated foreign investment rules by channeling over $191 million through a related-party scheme.

Walmart's Indian fashion arm Myntra is being investigated for allegedly breaching rules that ban foreign-funded wholesale ...

Walmart stock ($WMT) was looking shabbier today after a financial crime investigation into its fashion business Myntra ...

The complaint was filed by Bengaluru Zonal Office of the federal probe agency under a section of the Foreign Exchange Management Act (FEMA) based on "credible information" that Myntra Designs Private ...

In a bid to protect domestic retailers and traders, India prohibits foreign companies engaging in wholesale business to make ...

The Enforcement Directorate (ED) has initiated a FEMA case against Myntra Designs and its directors, alleging a ₹1,654 crore ...

The ongoing investigations against Myntra, Flipkart, Amazon, Ola, Uber, and Zepto show that regulators are taking a tougher ...

The complaint was filed based on information that Myntra and its affiliated companies are engaged in multi-brand retail trading under the pretense of operating as a wholesale cash-and-carry business ...

Flipkart-owned fashion etailer Myntra is facing an ED complaint for alleged FDI rules violations, totalling Rs 1,654 crore.

The investigation comes at a time when e-commerce firms operating in India, particularly those backed by foreign investment, ...