The Enforcement Directorate has filed a case under the Foreign Exchange Management Act against Myntra Designs, its related firms, and directors for alleged FDI violations worth over ₹1,654 crore. The ED claims the firms carried out multi-brand retail trade under the guise of wholesale operations.

The Enforcement Directorate has filed a case under the Foreign Exchange Management Act against Myntra Designs, its related firms, and directors for alleged FDI violations worth over ₹1,654 crore.

ED's case against Myntra, Indian man assaulted, Infosys Q1 results, India to resume visas to Chinese, & more top #newsinamin

ED’s case against Myntra, Indian man assaulted, Infosys Q1 results, India to resume visas to Chinese, & more top #newsinamin

L&T is scaling up its utilities business by focusing on green hydrogen, large battery storage projects and a booming transmission and distribution segment in India and overseas

Business Standard

JM Financial Asset Management Company is expanding its Alternative Investment Fund (AIF) platform with the launch of Rs 1,000 crore early-stage real estate fund to address the sector's financing gap.
"Our objective is to build a comprehensive AIF ecosystem that supports India's next phase of enterprise growth. We are creating strategies that are thematic, real asset-?backed and focused on non-traditional opportunities," JM Financial Asset Management Ltd MD and CEO Amitabh Mohanty told PTI.
The AIF platform will offer specialised pools of capital across credit, real estate and pre-IPO opportunities, he said.
JM Financial has launched its early-stage real estate (RE) fund, which capitalises on the group's expertise and track record over more than a decade managing real estate credit, he said, adding that the fund aims to bridge the capital gap that traditional lenders are unable to address due to regulatory constraints.
The fund aims to raise Rs 1,000 crore, with likely first close o

The AIF platform will offer specialised pools of capital across credit, real estate and pre-IPO opportunities, JM Financial Asset Management Ltd MD and CEO Amitabh Mohanty said

Press Trust of India

Unmetered intelligence, human-supervised 'digital colleagues' and continuous skilling as the key safeguard amid big shifts will shape an AI-rewired future, Puneet Chandok, President, Microsoft India and South Asia has said outlining his top predictions.
Microsoft CEO Satya Nadella during his visit to India earlier this month had announced plans to invest USD 17.5 billion here to help build infrastructure and sovereign capabilities for the country's AI-first future - the bold commitment marking the tech giant's largest investment ever in Asia.
Chandok said AI has moved beyond hype, delivering real impact today.
"...the next phase will be defined by how responsibly, inclusively, and thoughtfully we scale it," Chandok told PTI.
His headline predictions for the rearranging world and frontier AI include intelligence moving from being scarce to abundant, with compute increasingly translating directly into cognition for organisations, in an era of "unmetered intelligence".
AI 'agents' wi

India's digital public infrastructure enables mass AI adoption, turning national scale into a global advantage, Chandok notes

India's Digital Personal Data Protection Act will fundamentally alter how companies handle user data, mirroring GDPR's impact in Europe, says DSCI CEO Vinayak Godse

Senior BJP leader Rajendra Rathore on Sunday rejected former chief minister Ashok Gehlot's claim that the Union government's report redefining the Arvallis would destroy 90 per cent of the mountain range in the state, and claimed it lays down a stricter framework for its conservation.
The Supreme Court, on November 20, 2025, accepted the recommendations of a committee under the Ministry of Environment, Forests and Climate Change on the definition of Aravalli Hills and Ranges.
According to the new definition, "Aravalli Hill is any landform in designated Aravalli districts with an elevation of 100 metres or more above its local relief" and an "Aravalli Range is a collection of two or more such hills within 500 metres of each other".
However, Rathore noted that the 100-metre criterion is not limited to height alone.
"According to the court-approved definition, all hills of 100 metres or more, their slopes, and terrain within 500 metres between two hills remain outside the mining ambit

Citing the Survey of India analysis, Rathore assured that mining will not expand under the new definition

Uttar Pradesh Chief Minister Yogi Adityanath on Sunday accused the previous state governments of "destroying" the cooperative sector, saying the BJP-led administration has revived it and is now moving towards the concept of "one cooperative bank per district".
Addressing the 'Yuva Sahakar Sammelan' here, the CM said, "Before 2017, the condition of district cooperative banks was extremely poor. Sixteen banks had been declared defaulters and had their licenses revoked by the Reserve Bank of India. Today, these banks are healthy, contributing not only to their members but also to the prosperity of farmers."
He alleged that earlier governments promoted a "one district, one mafia" culture, which led to the collapse of the cooperative sector and trapped farmers' capital. "The BJP government gradually returned Rs 4,700 crore deposited by farmers in the 16 banks whose licenses had been revoked. Now, the banks are functioning effectively," he said.
The government is taking steps to strengthe

He alleged that earlier governments promoted a "one district, one mafia" culture, which led to the collapse of the cooperative sector and trapped farmers' capital

The Union Budget has been presented on February 1 since 2017, and 2026 will be the first occasion since then that it falls on a Sunday

ICEGATE enables e-filing and customs payments by traders; RMS automates risk-based scrutiny; and ICES handles backend assessment and clearance workflows at Customs locations

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Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

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ED’s case against Myntra, Indian man assaulted, Infosys Q1 results, India to resume visas to Chinese, & more top #newsinamin

The Enforcement Directorate has filed a case under the Foreign Exchange Management Act against Myntra Designs, its related firms, and directors for alleged FDI violations worth over ₹1,654 crore. The ED claims the firms carried out multi-brand retail trade under the guise of wholesale operations.

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