HYDERABAD: ED’s adjudicating authority has imposed a penalty of Rs 2,146 crore on PC Financial Services (PCFS), a non-banking financial company running a loan app allegedly linked to Chinese and Norwegian entities, for Fema violations. This is the first instance in India of an NBFC running a loan app being penalised with a huge fine,…
As Florida braces for the arrival of Hurricane Milton, the aftermath of Hurricane Helene is being further complicated by a torrent of conspiracy theories and misinformation. These baseless claims have worsened the challenges for recovery teams trying to provide aid to devastated communities, making an already dire situation even more complex.FEMA faces false claims of…
CaratLane Trading, now majority owned by the Tata Group’s Titan, has challenged a show-cause notice (SCN) from the Directorate of Enforcement (ED) alleging that it had violated rules between 2011 and 2014 by receiving foreign direct investment (FDI), said people with knowledge of the matter. This predates Titan’s investment in CaratLane. Titan said recently it’s…
