Myntra Faces ED Heat in ₹1,654 Cr FDI Violation Case
Myntra Designs Pvt Ltd faces a FEMA complaint from ED’s Bengaluru office for alleged ₹1,654 crore FDI violations by operating retail under the guise of wholesale. According to the agency, the move constitutes an alleged breach of FDI regulations and the stipulations of the Foreign Exchange Management Act. By excluding inventory based operations FDI policy…
Himanshu
Krishnamurthy Subramanian Appointed As Executive Director At IMF
Former Chief Economic Adviser, on Thursday, was appointed as the Executive Director of India’s International Monetary Fund (IMF) for the period of three years, effecting from 1 November 2022 until further orders. Mr Subramanian, currently a Finance Professor at the Indian School of Business, will replace Surjit S. Bhalla, who was appointed in 2019 for…
Shipra Prajapati