logo
Four terrorists killed in Balochistan's Kalat district: ISPR

Four terrorists killed in Balochistan's Kalat district: ISPR

Security forces killed four terrorists during an intelligence-based operation (IBO) in the Kalat district of Balochistan, the military's media wing said on Sunday.
According to the Inter-Services Public Relations (ISPR), the operation was launched on July 19-20 based on reports about the presence of militants linked to 'Indian proxy network Fitna al Hindustan.'
Security forces effectively engaged the hideout, and following an intense exchange of fire, four terrorists were 'sent to hell,' the ISPR said in its statement.
The slain terrorists were allegedly involved in multiple acts of terrorism in the area. A cache of weapons, ammunition and explosives was also recovered during the operation.
A follow-up sanitisation operation is underway to eliminate any remaining threat, the military said, adding that Pakistan's security forces remain determined to root out 'Indian-sponsored terrorism' and reaffirm the nation's resolve to bring perpetrators to justice.
The development comes days after a Pakistan Army officer was martyred while three terrorists affiliated with the Indian-backed outfit Fitna al Hindustan were killed during an intelligence-based operation (IBO) in Balochistan's Awaran district.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India accuses Walmart's Myntra of breaching foreign investment rules
India accuses Walmart's Myntra of breaching foreign investment rules

Business Recorder

time3 hours ago

  • Business Recorder

India accuses Walmart's Myntra of breaching foreign investment rules

BENGALURU: India's financial crime agency said on Wednesday it was investigating Walmart's fashion business Myntra Designs for allegedly breaching laws prohibiting foreign wholesalers from selling to consumers. The case comes amid growing scrutiny of e-commerce players in India. An antitrust investigation last year found Amazon and Walmart's other e-commerce platform, Flipkart, favoured select sellers and resorted to 'predatory pricing', hurting smaller retailers. The companies denied the allegations. Myntra, owned by Flipkart, sells fashion brands on its own e-commerce website. Detailing its findings from an investigation, India's Enforcement Directorate said that Myntra declared it was a wholesaler and received $192 million of foreign investment, but then sold most of its goods to a group entity that retailed those products to consumers. 'Myntra Designs Pvt. Ltd was actually carrying out multi-brand retail trading in the guise of wholesale cash & carry,' the agency said. Myntra said in a statement that it had not received documents related to the case from the authorities but that it remained 'fully committed to cooperating with them at any point of time'. Some Walmart garment orders from Bangladesh on hold due to US tariff threat Walmart did not immediately respond to a request for comment. In a bid to protect domestic retailers and traders, India prohibits foreign companies engaging in wholesale business to make any direct sales to consumers. E-commerce business is also restricted, with foreign-owned companies like Myntra, Amazon and Flipkart allowed to operate marketplaces to connect buyers and individual sellers online, but not to stock goods or offer them directly to consumers. The Enforcement Directorate said it had filed a complaint against Myntra before an adjudicating authority, without giving details. Flipkart and Amazon have also faced allegations of breaching India's foreign investment rules. A 2021 Reuters investigation based on internal Amazon documents showed the company for years gave preferential treatment to small groups of sellers, and used them to bypass Indian laws. Amazon has denied wrongdoing. Amazon and Flipkart are leading players in India's e-commerce market, which was estimated to be worth $125 billion in 2024 and is set to top $345 billion by 2030, according to India Brand Equity Foundation. Founded in 2007, Bengaluru-based Myntra was acquired by Flipkart in 2014. Walmart bought a controlling stake in Flipkart in 2018 for $16 billion. Myntra reported revenues of nearly $600 million in 2023-24, up 15% on the previous year.

From Amazon to Walmart, global e-commerce firms face regulatory scrutiny in India
From Amazon to Walmart, global e-commerce firms face regulatory scrutiny in India

Business Recorder

time3 hours ago

  • Business Recorder

From Amazon to Walmart, global e-commerce firms face regulatory scrutiny in India

Foreign companies operating in India's booming e-commerce sector face many regulatory and legal challenges from authorities investigating them for alleged non-compliance with Indian laws, moves largely aimed at protecting local businesses. Below are some of the ongoing regulatory cases, which include global giants Amazon and Walmart: Walmart's Indian fashion arm Myntra is being investigated for allegedly breaching rules that ban foreign-funded wholesale retailers from selling directly to consumers, India's federal crime fighting agency revealed on July 23, 2025. An Indian antitrust investigation in 2024 found Amazon and Flipkart, violated local competition laws by giving preference to select sellers on their shopping websites. The companies deny any wrongdoing. Samsung, Xiaomi and other smartphone companies also colluded with Amazon and Flipkart to exclusively launch products on their Indian websites in breach of antitrust laws, the investigation found last year. India's financial crime agency has been investigating Amazon and Flipkart separately for alleged breaches of investment rules. In 2024, it raided offices of some sellers operating on Amazon and Flipkart. The federal financial crime fighting agency has also privately sought sales data and other documents from smartphone players including Apple and Xiaomi as part of an investigation into Amazon and Flipkart. India's state-run product certification agency raided the Delhi warehouses of Amazon and Flipkart in March, seizing items that did not meet quality control standards, as it increased its scrutiny of the two firms. India's financial crime agency has asked Flipkart and its founders to explain why they should not face a penalty of $1.35 billion for the alleged violation of foreign investment laws, three sources and an agency official told Reuters in 2021. Meanwhile, Indian consumer products distributors have filed an antitrust case against big fast-delivery businesses Zomato, SoftBank-backed Swiggy and Zepto, calling for an investigation into alleged deep discounting practices. An investigation by India's antitrust body found Zomato and Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents showed.

India investigates Walmart's Myntra for breaching foreign investment rules
India investigates Walmart's Myntra for breaching foreign investment rules

Business Recorder

time7 hours ago

  • Business Recorder

India investigates Walmart's Myntra for breaching foreign investment rules

Walmart's Indian fashion arm Myntra is being investigated for allegedly breaching rules that ban foreign-funded wholesale retailers from selling directly to consumers, India's federal crime fighting agency said on Wednesday. Myntra has raised nearly $192 million from foreign investors, the Enforcement Directorate said, without naming the investors. The company, registered as a wholesale retailer, sold the majority of its products to a retailer it owned, which then sold the products on Myntra's website, the agency said. Myntra and Walmart did not immediately respond to requests for comment. India's investment rules only allow foreign e-commerce companies to run a marketplace to connect buyers and sellers, and they cannot stock and sell goods to customers on their own. Some Walmart garment orders from Bangladesh on hold due to US tariff threat Other companies including Walmart's Flipkart and Amazon have often faced allegations of breaching such rules using certain sellers - allegations the companies have denied. Founded in 2007, Bengaluru-based Myntra operates an online marketplace that specializes in fashion and lifestyle products. The company last reported an annual revenue of nearly $599 million, according to Tofler data.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store