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2 mins read
EXCLUSIVE: 84% of the ₹5,551.27 crore of the alleged illegal remittance by Xiaomi India were to the Qualcomm Group
The ED claimed that Xiaomi India had illegally remitted ₹5,551.27 crore in February 2022. The am…
8 mins read
Hindenburg target SEBI chief, she calls charges baseless, Adani says no commercial relationship with SEBI head
Madhabi Puri Buch and her husband Dhaval Buch in a joint statement strongly denied the "baseless al…
PTI
1 min read
Rupee falls 4 paise to 83.48 against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.43 and lost further to 83…
PTI
2 mins read
Karnataka High Court allows Xiaomi to take overdraft for payments, restricts royalty payment
Vacation Judge Justice S. Sunil Dutt Yadav on Thursday also extended the interim order till May …
1 min read
Vivo ED raids: Two Chinese directors of a related company flee
As the Enforcement Directorate (ED) continued searches at the premises of Chinese companies, includ…
1 min read
ED send notices to crypto firms — CoinSwitch, CoinDCX to probe any foreign exchange violations
The ED is trying to ascertain whether these firms were involved in foreign exchange violations o…
2 mins read
Xiaomi says it is disappointed after ₹5,551.27 crore seizure order is upheld, claims the remittances are legitimate
In a major setback to Chinese smartphone maker Xiaomi, an appellate authority upheld the Enforcemen…
1 min read
Enforcement Directorate files case against BBC for irregularities in foreign funds
The Enforcement Directorate has filed a case against BBC India under Foreign Exchange Management Ac…
ANI
1 min read
Iran rations euros as fights break out at foreign-exchange offices amid rial's plunge to record lows
Iran's currency, the rial, plummeted on Monday to a new all-time low of more than 500,000 against t…
Filip De Mott
4 mins read
Adani-Hindenburg case: Easy to make allegations, can't take unsubstantiated ones, remarks SC
Hearing the Adani-Hindenburg matter, the Supreme Court on Friday remarked that it is easy to make a…
ANI
1 min read
Crypto exchange Kraken will pay more than $360,000 to settle allegations it violated US sanctions by serving users in Iran
The Treasury Department said Kraken processed 826 transactions valued at $1.68 million on behalf of…
Carla Mozée
2 mins read
K'taka HC rejects plea by Chinese firm Xiaomi challenging ED
Karnataka High Court has rejected Chinese firm Xiaomi's plea against the seizure of Rs 5,551.27 cro…
2 mins read
Prosecutors say new evidence shows Sen. Bob Menendez received gifts in exchange for working with Qatari royal family member
Prosecutors say Senator Bob Menendez used his position to help real estate buisnessman Fred Daibes …
Hannah Getahun,Associated Pre…
1 min read
Citibank, JPMorgan, and other banking giants are facing a potential class action lawsuit over ripping off clients on currency trades, report says
The banks, which include UBS, Barclays, Citibank, and JPMorgan, are accused of colluding to rig pri…
Ethan Wu
2 mins read
Rupee falls 65 paise to close at 82.73 against US dollar
The rupee fell by 65 paise to close at 82.73 (provisional) against the US currency on Monday, weigh…