Walmart's Indian fashion arm Myntra is being investigated for allegedly breaching rules that ban foreign-funded wholesale ...

India's financial crime watchdog filed a complaint against Walmart-backed Myntra, alleging the company violated foreign investment rules by channeling over $191 million through a related-party scheme.

Foreign companies operating in India's booming e-commerce sector face many regulatory and legal challenges from authorities ...

Flipkart-owned fashion e-commerce giant Myntra is facing heat from the Enforcement Directorate, India's financial crime ...

Myntra, a Flipkart-backed e-commerce platform, is facing a FEMA case by India's Enforcement Directorate for alleged FDI ...

The Enforcement Directorate has filed a case against Myntra for alleged FDI contravention, accusing the platform of engaging ...

The Enforcement Directorate (ED) has initiated a FEMA case against Myntra Designs and its directors, alleging a ₹1,654 crore ...

The directorate of enforcement (ED) has filed a formal complaint against Flipkart-owned fashion e-commerce firm Myntra ...

Walmart may be relooking at the same strategy to leverage Myntra and hope to wean away some Indian diaspora from Amazon. Myntra, along with Flipkart Fashion and Jabong, has a major market share in ...

Walmart bought 77% stake in Flipkart in 2018 for around $16 billion. The deal included Myntra and other group companies of Flipkart, such as fashion portal Jabong.

Myntra is expected to go live in Singapore in the coming weeks and will majorly focus on Indian ethnic wear, among other categories, during the initial period, a source told Moneycontrol.

India's financial crime agency said on Wednesday it was investigating Walmart's fashion business Myntra Designs for allegedly breaching laws prohibiting foreign wholesalers from selling to consumers.