The Enforcement Directorate (ED), a specialized financial investigation agency in India, has recently issued a show cause notice to top officials of Xiaomi India and three banks for their alleged violation of the Foreign Exchange Management Act (FEMA) amounting to ₹5,551 cr. This notice has raised significant concerns in the business and technology sectors as

Sources have indicated that the Gross Domestic Product (GDP) estimate for the fiscal year 2023, which will be announced during the Budget Session starting at 11 am, is expected to be in the range of 6 to 6.8%. Prior to Finance Minister Nirmala Sitharaman presenting the Economic Survey, the President of India, Droupadi Murmu, will

India’s government has finalised a report that was submitted to the Financial Stability and Development Council (FSDC), so there should be clarity regarding the legality for cryptocurrencies in that country very soon. In the next Budget 2023–24, it is unlikely that the Center would declare its choice regarding the legitimacy of virtual digital assets. But

On Monday, food delivery service Zomato denied media claims that Instant, its 10-minute meal delivery service, was being shut down. It was rumoured that Zomato is shuttering its 10-minute meal delivery service, “Zomato Instant,” less than a year after it launched in an effort to become profitable in the face of difficult market conditions. “Instant

According to two persons familiar with the proposal, India’s BPCL intends to shut down its 156,000 barrels per day (BPD) Bina refinery in central India for maintenance for nearly a month in June. According to the sources, the state-run refiner also intends to shut down half of its 240,000 BPD  Mumbai refinery in western India

With initiatives like special interviews for first-time applicants and increased staffing levels nationwide, the US embassy in India hopes to reduce the length of time that applicants must wait to receive visas. For the help of Indian citizerns who need visa in person interview for USA , the US embassy in Delhi and its consulates