Enforcement Directorate begins probe against a dozen online e-retail firms

By on September 1, 2014 at 4:00 PM.

Enforcement Directorate begins probe against a dozen online e-retail firms

The Enforcement Directorate has begun a comprehensive probe against a dozen popular online retail firms in the country for alleged violations of foreign direct investment rules in their e-commerce businesses. More →
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Aircel-Maxis deal: Supreme Court says no to stopping CBI charge sheet against Maran

By on August 28, 2014 at 7:43 PM.

Aircel-Maxis deal: Supreme Court says no to stopping CBI charge sheet against Maran

The Supreme Court Thursday refused to interfere with the CBI going ahead to file a charge sheet against former communications minister Dayanidhi Maran in the Aircel-Maxis deal saying his plea seeking to restrain the investigating agency from doing so was not permissible under law. More →
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Aircel-Maxis case: CBI planning to question Finance Ministry officials

By on August 18, 2014 at 11:15 AM.

Aircel-Maxis case: CBI planning to question Finance Ministry officials

CBI is mulling questioning some officials of the Finance Ministry who were part of Foreign Investment Promotion Board (FIPB) clearance process given to Aircel-Maxis deal even as it plans to file the first charge sheet in the matter this week. More →
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Flipkart found in violation of FEMA; likely to be fined Rs 1,000 crore: Report

By on August 15, 2014 at 2:46 PM.

Flipkart found in violation of FEMA; likely to be fined Rs 1,000 crore: Report

Flipkart has been under the Enforcement Directorate’s scanner for the past two years for allegedly being in violation of Foreign Exchange Management Act (FEMA). The ED is now said to have completed their investigation and are reportedly looking at issuing a penalty in the tune of Rs 1,000 crore on the e-commerce giant, Economic Times reports. More →
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Google polluted the web with classified material: Survey of India

By on August 11, 2014 at 10:59 AM.

Google polluted the web with classified material: Survey of India

After registering a Preliminary Enquiry against Google for alleged mapping of classified areas, CBI has sought help of Survey of India which has alleged that the Internet giant continued to "pollute" the web with classified material despite being warned against it. More →
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