The ED is investigating Myntra after Flipkart over possible FEMA violations, including indirect control of sellers and deep discounting. The probe aims to ensure foreign-funded e-commerce firms comply ...

The ED has alleged that the Bengaluru-based company, which is backed by Flipkart, violated existing FDI norms governing e-commerce operations in India.

Bengaluru Zonal Office, announced on Wednesday that it has filed a complaint under Section 16(3) of the Foreign Exchange ...

The complaint was filed by Bengaluru Zonal Office of the federal probe agency under a section of the Foreign Exchange ...

The directorate of enforcement (ED) has filed a formal complaint against Flipkart-owned fashion e-commerce firm Myntra Designs Pvt Ltd, its related entities and directors, for alleged violations of ...

BENGALURU (Reuters) -India's financial crime agency said on Wednesday it was investigating Walmart's fashion business Myntra Designs for allegedly breaching laws prohibiting foreign wholesalers ...

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 ...

Myntra bets big on beauty business with focus on premiumisation Myntra is also witnessing a rise in demand for international brands, fuelled by Gen Z led K-Beauty and J-Beauty trends ...

Indian e-commerce company Myntra Fashion Brands (MFB), which delivers about 23 per cent of Myntra business, has turned EBITDA positive in the last two consecutive months.This performance puts MFB ...

Myntra faces ED probe over Rs 1,654 crore FDI violation; says no notice received Myntra has issued a formal response following allegations from the Enforcement Directorate (ED) that the company ...

The ED said Myntra Designs had declared that it was engaged in the business of "wholesale cash and carry" and it received Rs 16,54,35,08,981 FDI.