foreign exchange management act

In what could be called a setback to Xiaomi, Karnataka High Court has rejected the company’s plea challenging the seizure of Rs 5,551 crore by the Enforcement Directorate(ED), as per a…

Xiaomi India has refuted reports of the company moving base out of India to Pakistanamidst a crackdown on its operations by government agencies. A report from South Asia Index quoting…

India's apex bank, the Reserve Bank of India (RBI), has cautioned the public not to undertake forex transactions on unauthorised electronic trading platforms (ETPs) or remit/deposit money…

Economic uncertainty seems to be hurting Chinese smartphone brand Xiaomi. According to the South China Morning Post, the company has cut 900 jobs. The job cuts come as the company saw a 20%…

Mahesh Kumar, a 27-year-old software engineer from Bengaluru, was bigtime into fantasy sports till last season of the Indian Premier League. Then, he came to know about offshore betting…