Business

ED summons Amazon India, Future officials

The Enforcement Directorate (ED) has summoned Amazon’s Indian management, including its country head Amit Agarwal next week to its headquarters in Delhi, in connection with its disputed deal with Kishore Biyani-led Future Coupons Pvt Ltd (FCPL).The ED has also issued summons to Future Group promoters and officials to cross-verify documents and the evidence it has…

Published

2 years ago

November 28, 2021

Shrishti

ED summons Amazon India, Future officials

The Enforcement Directorate (ED) has summoned Amazon’s Indian administration, including its nation head Amit Agarwal next week to its headquarters in Delhi, in connection with its disputed address Kishore Biyani-led Future Coupons Pvt Ltd (FCPL).The ED has also issued summons to Future Group promoters and officials to tainted-test documents and the evidence it has accumulated up to now within the subject.The federal company is examining whether or no longer Amazon used to be in breach of the Foreign Commerce Administration Act (FEMA) when it invested Rs 1,431 crore to consume a 49% stake in FCPL in 2019 and if it complied with rules…
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Business

Main person cos to proceed capex

Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…

Published

7 months ago

May 16, 2023

Shrishti

A lot of main person facing companies together with Hindustan Unilever, Britannia, Voltas, Havells, Blue Smartly-known person and Titan Company are going to proceed their excessive capital expenditure (capex) and growth this fiscal as that in FY23, senior executives informed ET and analysts in contemporary incomes calls.Much of the capex is ear-marked for ticket spanking contemporary factories…
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