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

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

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

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 ...

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

India's financial crime agency said on Wednesday an investigation had found that Walmart's fashion business Myntra Designs breached laws prohibiting foreign wholesalers from selling to consumers.

The Enforcement Directorate has registered a FEMA case against Flipkart-backed Myntra and its affiliates for allegedly ...