Enforcement Directorate

ED Tightens the Noose Around Byju’s Founder: Puts His Travel Plans Under Lens

Byju's, already grappling with financial challenges, now faces an additional obstacle as its founder, Byju Raveendran, comes under suspicion of contemplating an exit from India. Citing sources, the Economic Times reported that the Enforcement Directorate (ED) has prompted the...

Paytm Stock Crashes to All-Time Low Since Listing: Analysts Predict Long-Term Pain

Following the RBI's ban on Paytm Payments Bank's services, the share of One 97 Communications fell another 10% on Monday, February 5, 2024, settling at an all-time low at Rs 438.5 since listing. The regulatory challenges intensified with allegations...

Vivo India in Money Laundering Scandal: ED Filed Charge Sheet Against Lava Founder Among Accused

In the wake of cracking down on financial irregularities, the Enforcement Directorate (ED) recently filed its first charge sheet related to a money laundering investigation involving Vivo India and four tech executives. This move follows allegations that shell companies...

ED raids Vivo India for illegally remitting Rs 62,476 crore to China, seizes Rs 465 crore, 119 bank accounts

Vivo's Indian subsidiary is accused of remitting almost 50% of its turnover, amounting to Rs 62,476 crore, to parent entities in China between 2017 and 2021 in a bid to avoid paying taxes in India, according to ED, the...
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Despite Jio, Airtel’s 5G Push, Nearly 90% of Indians Struggle With Call Drop Issue [STUDY]

Despite having access to advanced 4G and 5G networks provided by telecom service providers, Indian consumers continue to experience...
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