ED files Fema case against Myntra over Rs 1,654 crore FDI violation; disguised multi-brand retail as wholesale, company responds

NEW DELHI: The Enforcement Directorate (ED) has filed a complaint under the Foreign Exchange Management Act (Fema), 1999 against Myntra Designs Private Limited (Myntra), its related entities, and directors for alleged FDI violations worth Rs 1,654.35 crore, the agency announced Wednesday.The action was initiated by the ED’s Bengaluru Zonal Office based on credible inputs that…

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Government sets up panel to restructure Association of Indian Universities in line with NEP 2020 | India News

NEW DELHI: The Centre has tasked a high-powered committee with reviewing and restructuring Association of Indian Universities (AIU) to align its mandate with National Education Policy (NEP) 2020 and the proposed reforms under the Higher Education Commission of India (HECI). The move comes amid efforts to streamline governance of higher education, enhance institutional autonomy, and…

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Former Australian cricketer slams England’s poor sportsmanship after handshake drama in Manchester | Cricket News

England captain Ben Stokes speaks with Ravindra Jadeja (Photo by Stu Forster/Getty Images) Former Australia wicketkeeper Brad Haddin has criticised England’s conduct during the final day of the fourth Test in Manchester, calling their behaviour unsportsmanlike after India declined an early handshake to draw the match. Speaking on the Willow Talk Podcast, Haddin praised India’s…

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