Try GOLD - Free
ED to close Flipkart case if it pays fine
Mint Mumbai
|October 13, 2025
The Enforcement Directorate (ED) is learnt to have offered the option of closing a Foreign Exchange Management Act (Fema) violation case against e-commerce major Flipkart if the Walmart group firm admits its mistake and pays a penalty, sources aware of the development said.
ED has asked Flipkart to admit its mistake, as per report.
(MINT)
The option was given by the Enforcement Directorate to Flipkart last week under the compounding rules of Fema.
This story is from the October 13, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
WHY GOLD, BITCOIN DAZZLE—BUT NOT FOR SAME REASONS
Gold and Bitcoin may both be glittering this season—but their shine comes from very different sources.
3 mins
October 14, 2025
Mint Mumbai
Gift, property sales and NRI taxes decoded
I have returned to India after years as an NRI and still hold a foreign bank account with my past earnings.
2 mins
October 14, 2025
Mint Mumbai
Prestige Estates’ stellar H1 renders pre-sales goal modest
Naturally, Prestige’s Q2FY26 pre-sales have dropped sequentially, given that Q1 bookings were impressive. But investors can hardly complain as H1FY26 pre-sales have already surpassed those of FY25
1 mins
October 14, 2025
Mint Mumbai
HCLTech has best Q2 growth in 5 yrs, reports AI revenue
Defying market uncertainties, HCL Technologies Ltd recorded its strongest second-quarter performance in July-September 2025 in five years. The Noida-headquartered company also became the first of India's Big Five IT firms to spell out revenue from artificial intelligence (AI).
2 mins
October 14, 2025
Mint Mumbai
Turn the pool into a gym with these cardio exercises
Water is denser than air, which is why an aqua exercise programme feels like a powerful, double-duty exercise
3 mins
October 14, 2025
Mint Mumbai
SRA BRIHANMUMBAI'S JOURNEY TO TRANSPARENT GOVERNANCE
EMPOWERING CITIZENS THROUGH DIGITAL TRANSFORMATION
4 mins
October 14, 2025
Mint Mumbai
Indian team in US this week to finalize contours of BTA
New Delhi may buy more natural gas from the US as part of the ongoing trade talks, says official
2 mins
October 14, 2025
Mint Mumbai
Emirates NBD eyes RBL Bank majority
If deal closes, the Dubai govt entity may hold 51% in the lender
4 mins
October 14, 2025
Mint Mumbai
Healing trauma within the golden window
As natural disasters rise, there's an urgent case to be made for offering psychological first-aid to affected people within the first 72 hours
4 mins
October 14, 2025
Mint Mumbai
Climate change has turned water into a business risk
Businesses in India have typically treated water as a steady input—not perfect, but reliable enough. Climate change is unravelling that assumption. Variable rainfall, falling groundwater tables, depleting aquifers and intensifying floods are reshaping how firms source this most basic of industrial inputs. Water has quietly become a new frontier of business risk.
3 mins
October 14, 2025
Listen
Translate
Change font size