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XIAOMI FEMA CASE
ED files Fema case against Myntra for Rs 1,654 crore FDI violationFlipkart-owned fashion etailer Myntra is facing an ED complaint for alleged FDI rules violations, totalling Rs 1,654 crore. Accused of misu...- Made 'opposite party' in CCI probe without notice: XiaomiXiaomi India has been named as an 'opposite party' in a CCI investigation on exclusive smartphone launches on platforms like Amazon and Fli...
- Karnataka HC to hear Xiaomi appeal against Rs 5,000 crore ED award on October 12The tech firm also reiterated before the division bench that Section 37A of FEMA was unconstitutional, saying that it gives unbridled and u...
- Karnataka HC summons centre over Xiaomi petition against earlier rulingA division bench led by chief justice Prasanna B Varale asked Xiaomi India to furnish details of its day-to-day expenses needed to run its ...
- ED issues show-cause notice to Xiaomi India top officials, 3 banksThe adjudicating authority under the Foreign Exchange Management Act has issued show-cause notices to Xiaomi Technology India Private Limit...
- Phone companies may rework royalty pacts to avoid probe, say expertsThey say the Enforcement Directorate's investigation into Xiaomi India's royalty payments has larger implications for overseas companies in...
- Xiaomi approaches Karnataka High Court again over seizure of assetsThe ED had earlier this year ordered the seizure of Rs 5,551.27 crore in the accounts of Xiaomi for allegedly violating FEMA rules and tran...
- Xiaomi India moves HC against seizure of over ₹5,500-cr assetsXiaomi India will also approach the appellate tribunal empowered under FEMA, challenging the competent authority's confirmation of the ED o...
- Karnataka HC tells Xiaomi to approach competent authority under FEMA over assets frozen by EDXiaomi had approached the High Court against this order. In its judgement on July 5, Justice S G Pandit pointed out that the resolution mec...
- Companies who operate in India need to follow law of the land: MEA on Vivo caseMEA official spokesperson Arindam Bagchi said, "Companies who operate here need to follow the law of the land. Our legal authorities are ta...
- Enforcement Directorate raids at Vivo, other firms 'chill investment confidence,' says ChinaAs the Enforcement Directorate (ED) continued searches at the premises of Chinese companies in a money laundering case, Wang Xiaojian, coun...
- Handset launches slow down in June on weak demandWhile there were 40 new models launched in April and May, only nine new models were launched in India in June, signalling a sharp reduction...
- HC backs ED, says Xiaomi FEMA case to be decided by ‘competent authority’The single bench judge of Justice SG Pandit accepted the contention of the additional solicitor general representing ED. The ED counsel sai...
- Twitter sues Indian govt; ED raids Vivo offices in money-laundering caseLast week we reported that the Indian government had given Twitter until July 4 to heed its takedown requests or lose immunity from prosecu...
- Industry calls out ED over action against smartphone brands on 'legitimate' royalty paymentsIndia Cellular and Electronics Association (ICEA), in a letter to FM Nirmala Sitharaman, commerce minister Piyush Goyal and IT minister Ash...
- Karnataka HC lifts block on $725 mn of Xiaomi's assets in royalty caseThe Enforcement Directorate last week seized the bank assets of Xiaomi Technology India Private Limited, saying it had found the company il...
- Xiaomi weighs options against ED moveLegal experts say the Chinese smartphone maker has few options. For one, it can always appeal but that can only happen once the chargesheet...
- ED seizes Rs 5,500 crore of Xiaomi in FEMA caseCompany being probed over alleged illegal royalty payments made to three foreign entities. Smartphone maker denies any wrongdoing, assures ...
- Xiaomi global Vice President Manu Jain appears before Enforcement Directorate in FEMA caseThe federal probe agency, according to sources, is investigating the company and its executives under the provisions of the Foreign Exchang...
- Pine Labs strikes sweet deal with Mosambee; Infosys Q4 net profit up 12% yoyPine Labs has been on a fundraising spree of late as it gears up for an IPO in the US. Now, the company has bagged a majority stake in Mosa...
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