India  

ED showcauses Xiaomi, 3 banks for Fema violations

IndiaTimes Friday, 9 June 2023
Taking cognisance of the Enforcement Directorate’s investigation, the adjudicating authority for Fema has issued showcause notices to Xiaomi Technology India Pvt Ltd, its officials and three banks — CITI Bank, HSBC Bank and Deutsche Bank AG — for allowing foreign outward remittances in the name of royalty to the tune of Rs 5,551 crore without conducting due diligence. The ED had earlier seized this equivalent amount in the bank accounts of Xiaomi in India
0
shares
ShareTweetSavePostSend
 
Video Credit: Wibbitz Top Stories - Published
News video: World Banks Say Economic Shocks Have the Greatest Impact on the Poorest Nations

World Banks Say Economic Shocks Have the Greatest Impact on the Poorest Nations 01:31

World Banks Say Economic Shocks , Have the Greatest Impact , on the Poorest Nations . According to the World Bank, the poorest countries in the world stand to lose the most from a faltering global economy. 'The Guardian' reports that the Washington-based body warned that the international...

💡 newsR Knowledge: Other News Mentions

Citigroup Citigroup American multinational investment bank and financial services corporation

Biz Pulse: Gold Shines Bright Amid Growing Global Turmoil, The Reasons| Oneindia News [Video]

Biz Pulse: Gold Shines Bright Amid Growing Global Turmoil, The Reasons| Oneindia News

Gold prices have surged over 15% in the last three months, making it the best performing asset class since the beginning of 2024. Similarly, silver has delivered returns of over 13% since January 1. Citigroup forecasts gold to reach $3,000 per ounce over the next 6-18 months, driven by inflation and expectations of monetary easing. Geopolitical tensions in the Middle East and Ukraine further bolster gold prices. #Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews ~HT.178~ED.194~GR.124~

Credit: Oneindia    Duration: 02:13Published
Data Shows US Wages Falling at a 'Striking' Pace [Video]

Data Shows US Wages Falling at a 'Striking' Pace

Data Shows , US Wages Falling , at a 'Striking' Pace. Fox News reports that wage growth in the United States has slowed significantly over the past year. . According to new data from Indeed, wage growth is beginning to near pre-pandemic levels. . Indeed's wage tracker showed that salaries have had a marked drop since January 2022, suggesting that employers are seeing less competition for new hires. The pace of deceleration is striking. Posted wage growth has fallen by almost 3 percentage points over the past year, Nick Bunker, Indeed labor economist, via Fox News. Fox News reports that the most pronounced deceleration was found in low-wage sectors. . Given the huge run-up in posted wages for those sectors, wage growth is still above its pre-pandemic pace. How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News. After remaining historically tight throughout the last year, the labor market is expected to continue slowing in the coming months amid elevated interest rates. Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market. Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market. In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. . In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. . In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. . Despite this, job growth has remained resilient, with employers adding 275,000 jobs in February. . At the same time, Labor Department data shows that the unemployment rate for the month also rose to 3.9%.

Credit: Wibbitz Top Stories    Duration: 01:31Published

Federal Emergency Management Agency Federal Emergency Management Agency United States disaster response agency, part of Department of Homeland Security

Major US Government Websites Down After Biden's State of the Union, Glitch Likely| Oneindia News [Video]

Major US Government Websites Down After Biden's State of the Union, Glitch Likely| Oneindia News

During President Joe Biden's state of the union address, multiple US government websites, including DHS and FEMA, experienced a 20-minute outage, disrupting access to essential services. The cause remains unknown, but planned maintenance may have been a factor. Concurrently, Donald Trump's Truth social media platform also faced outages, raising concerns about cybersecurity and digital infrastructure resilience during critical events #US #InstagramDown #FacebookDown #USGovernmentWebsites #DHS #FEMA #FBI #InternetDown #cyberattack #glitch #USnews #Americanews #Worldnews #Oneindia #Oneindianews ~ED.102~GR.124~

Credit: Oneindia    Duration: 02:19Published

Enforcement Directorate Enforcement Directorate Law enforcement agency and economic intelligence agency of India

Excise policy case: Why no bail plea in trial court, SC asks Delhi CM Arvind Kejriwal

The bench, comprising Justices Sanjiv Khanna and Dipankar Datta, heard Kejriwal's plea challenging his arrest by the Enforcement Directorate (ED). Senior..
IndiaTimes

Arrest illegal and arbitrary, ED acting with malice: CM Kejriwal

Accusing the Centre of “misusing” Enforcement Directorate to “crush” its political opponents ahead of the parliamentary elections, chief minister Arvind..
IndiaTimes

'Not a single Rupee was traced..': Delhi CM Arvind Kejriwal to SC in excise policy case

Delhi Chief Minister Arvind Kejriwal filed his response to the Directorate of Enforcement's (ED) affidavit in the Supreme Court on Saturday and said that there..
DNA

Economic offences wing clears Ajit Pawar's wife in bank scam case

EOW has absolved Sunetra, the wife of deputy CM Ajit Pawar, in the Maharashtra State Cooperative Bank scam amounting to Rs 25,000 crore. According to the closure..
IndiaTimes

Delhi CM Arvind Kejriwal administered insulin in Tihar jail after spike in sugar level, AAP confirms

The Delhi chief minister was arrested on March 21 by the Enforcement Directorate (ED) in connection with a money-laundering case linked to the Delhi government's..
DNA

You Might Like


Related videos from verified sources

JPMorgan Chase Settles With Victim of Jeffrey Epstein [Video]

JPMorgan Chase Settles With Victim of Jeffrey Epstein

JPMorgan Chase , Settles With Victim , of Jeffrey Epstein. JPMorgan Chase , Settles With Victim , of Jeffrey Epstein. The undisclosed settlement would resolve a case brought against the bank for..

Credit: Wibbitz Top Stories     Duration: 01:30Published