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XIAOMI BANK ASSETS
Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuationDigital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last pri...- Chinese trade and investment impacted by India's measures since 2020India has deferred the introduction of its licensing requirement for the imports of laptops, personal computers and tablets by three months...
- Xiaomi bets bigger on India retail stores amid Samsung rivalryXiaomi is focusing on boosting its sales in India through retail outlets instead of e-commerce as it seeks to target the bigger brick-and-m...
- Xiaomi India business head Raghu Reddy resignsChief Business Officer Raghu Reddy, who helped the Chinese company to the top of India’s smartphone and smart-television markets, resigned ...
- Xiaomi India has no pact with Qualcomm, hence no question of royalties: EDThe agency, which probes forex law violations, was objecting to the Chinese handset maker’s petition in the Karnataka High Court, challengi...
- India claims Xiaomi misled Deutsche Bank on illegal payment of royalties for yearsAs per legal documents, Indian investigators have alleged Chinese smartphone maker Xiaomi Corp's India unit misled its banker Deutsche Bank...
- Xiaomi India denies reports of moving operations to PakistanA report from South Asia Index said Xiaomi India has "almost halted" its operations in India after being targeted by the Indian government,...
- HC refuses interim stay on order to seize Xiaomi assetsIndia's federal financial crime agency, the Enforcement Directorate, froze 55.51 billion rupees of Xiaomi assets in April, alleging the com...
- 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...
- Xiaomi says 84% of Rs 5,551 crore seized by ED was royalty payment to QualcommThe ED, under the Foreign Exchange Management Act (FEMA), has approved an order of seizure of over Rs 5,551 crore worth of deposits of Chin...
- 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...
- Xiaomi India claims ED order does not satisfy provisions of FEMA act in CourtThe high court was hearing the writ petition filed by Xiaomi against the ED for passing an order seizing its bank assets worth over Rs 5,50...
- HC extends stay on ED order seizing Xiaomi India assets till June 1ED had charged Xiaomi India for foreign exchange violations under the FEMA act, alleging the company remitted money to three companies outs...
- Karnataka HC allows Xiaomi to take bank OD to pay foreign remittance ex-royaltiesThe Karnataka Hugh Court on Thursday allowed Xiaomi India to make payments to foreign entities for import of items essential to its manufac...
- Xiaomi accuses ED of 'physical violence' threats during forex probe, agency calls charges baselessXiaomi has been under investigation since February and last week the Indian agency seized $725 million lying in the company's India bank ac...
- Zomato CEO donates Esops worth Rs 700 crore; Musk’s Twitter faces ad exodusZomato CEO Deepinder Goyal said on Friday he would donate all proceeds from his employee stock options (Esops) to the Zomato Future Foundat...
- 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...
- Karnataka HC orders interim stay on ED order seizing Xiaomi India's assetsA single judge bench of Justice Hemant Chandangoudar issued an interim stay on the seizure, since Xiaomi India operates the accounts for ca...
- Xiaomi, India's biggest smartphone maker, now wants to lend you moneyXiaomi now plans to foray into consumer finance and business-to-business lending by floating a NBFC.
- Xiaomi plans to float a NBFC in India, to soon seek RBI approvalXiaomi Financial Services plans to provide loans to consumers for purchasing electronics, home appliances, lifestyle products etc.
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