RBI Asked To Take Action Against Amazon, Flipkart For Violating FDI Policy

The Department of Promotions of Industry and Internal Trade (DPIIT) has asked the Reserve Bank of India (RBI) and Enforcement Directorate (ED) to take action against e-commerce giants Amazon and Flipkart over violating Foreign Direct Investment (FDI) policy and Foreign Exchange Management Act (FEMA) rules.

SEBI Imposes Rs 40 Crore Fine On RIL For Manipulative Trades In RPL

SEBI imposed a fine of Rs 40 crore collectively on RIL and its Chairman Mukesh Ambani. Apart from Reliance Industries, two other companies were also fined for allegedly manipulating shares in Reliance Petroleum Ltd. (RPL).

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