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 ...

Walmart stock ($WMT) was looking shabbier today after a financial crime investigation into its fashion business Myntra ...

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

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

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

The investigation comes at a time when e-commerce firms operating in India, particularly those backed by foreign investment, ...

The ongoing investigations against Myntra, Flipkart, Amazon, Ola, Uber, and Zepto show that regulators are taking a tougher ...

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 wants to keep Myntra as a brand but it is still evaluating possibilities of integrating some roles between Myntra and Flipkart’s fashion business and running the two more closely, they said.

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.