FEMA violations alleged: ED seizes Rs 5,551 crore deposits of Xiaomi

The Enforcement Directorate mentioned on Saturday it has seized Rs 5,551 crore financial institution deposits of Chinese language cellular manufacturing agency Xiaomi Know-how India for violating the international alternate administration Act (FEMA). “ED has seized Rs 5551.27 crore of Xiaomi Know-how India Non-public Restricted mendacity within the financial institution accounts beneath the provisions of FEMA, […]

Govt places import curbs on sure waste, scrap of valuable metals

The federal government has restricted the imports of sure waste and scrap of valuable metals, in line with a notification of the commerce ministry. Imports of these things had been free earlier. Now, it has been put underneath a restricted class, which implies an importer should search a license or permission from the directorate common […]

Whole excellent borrowings at Rs 4,543 crore: Future Enterprises

Future Enterprises (FEL), one other Future Group firm, on Saturday stated it has whole excellent borrowings of Rs 4,542.96 crore as of March 31. This takes the whole excellent borrowings disclosed by Kishore Biyani-led Future Group corporations to Rs 11,017.94 crore. Earlier on Friday, three Future Group corporations – Future Retail (FRL), Future Lifestyle Fashions […]

BHSI faucets North American casualty head

Berkshire Hathaway Specialty Insurance coverage (BHSI) has introduced the appointment of Kathy Reid as head of casualty for North America. She is predicated in Chicago. Reid has greater than 25 years of business expertise. She has been senior vp at BHSI since 2013. “Kathy has been a serious driver of BHSI’s development within the casualty […]