October 14, 2026
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India’s Enforcement Directorate has launched an investigation into Myntra, the fashion retail arm of Walmart-owned Flipkart, for allegedly violating foreign direct investment (FDI) regulations. The agency stated that Myntra, which has received around $192 million from foreign investors, breached rules that prohibit foreign-funded wholesale retailers from selling directly Continue Reading
Business Featured Latest News
Nykaa, the fashion and beauty retailer, is determined to defend its position amidst competition from both established conglomerates and emerging players in the Indian market. Founder and CEO Falguni Nayar emphasized the company’s strong foothold, built on brand recognition, a loyal customer base, and deep business insights. In an interview with PTI, Nayar highlighted Continue Reading

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