Myntra restructures business to comply with regulations

Flipkart’s subsidiary Myntra which drives a large part of its business through exclusive brand tie-ups and private labels has clarified that it does not own any equity stake in sellers on its platform thereby complying with the new FDI norms. The move signals a significant restructuring at Myntra since the company continues to sell brands through third-party merchants instead […]

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Latest on India’s Cryptocurrency Landscape: Regulations, Exchange Safety, KYC, Investing And Future Of Blockchain

Whether you believe in cryptocurrencies or not, the asset class has gained a lot of traction and acceptability among market participants. India is now becoming one of the biggest trading hubs of cryptos and things will only get bigger once domestic policymakers lay out a clear regulatory framework for this space.   Like equities, investors […]

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China to speed up drafting overseas investment regulations: state media

© Reuters. New properties are seen near a square in Zhengzhou   BEIJING (Reuters) – China will speed up drafting regulations on overseas investment, as investment in sectors such as property has shown irregularities, a senior commerce ministry official was quoted as saying on Tuesday. Zhou Liujun told state-owned news agency China News Service there […]

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Nirmala Sitharaman Says Discussing Apple’s Request For FDI regulations Waiver

New Delhi: The Indian government on Monday said it changed into discussing Apple Inc’s foreign directinvestment utility that seeks a waiver from a nearby sourcing rule. Nirmala Sitharaman, trade and enterprise minister inside the cupboard, informed reporters her ministrycould speak the issue with the finance ministry. The finance ministry’s overseas funding promoting board (FIPB), which […]

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