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 ...
23 Jun, 2023, 12.20 AM IST
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...
10 Jun, 2023, 12.43 AM IST
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...
21 Nov, 2022, 07.51 AM IST
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...
07 Oct, 2022, 10.38 AM IST
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...
05 Oct, 2022, 09.38 AM IST
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...
08 Jul, 2022, 09.12 PM IST
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...
07 Jul, 2022, 08.10 PM IST
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...
07 Jul, 2022, 10.38 AM IST
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...
07 Jul, 2022, 08.40 AM IST
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...
05 Jul, 2022, 10.00 PM IST
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...
05 Jul, 2022, 07.45 PM IST
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...
01 Jun, 2022, 08.20 AM IST
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...
06 May, 2022, 11.26 AM IST
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...
02 May, 2022, 08.43 AM IST
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 ...
01 May, 2022, 12.35 PM IST
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...
13 Apr, 2022, 08.45 PM IST
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...
13 Apr, 2022, 07.15 PM IST