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Dixon Tech shares rally 5% amid reports of government nod for Vivo JV this monthDixon Technologies shares surged rose sharply on Wednesday after reports suggested the government may approve its long-pending joint ventur...- Dixon Tech shares jump 6% despite weak Q4 results. Do Goldman Sachs, Motilal Oswal forecast further upside?Dixon Technologies' shares saw a rally despite a 36% drop in March quarter net profit. Revenue from operations increased by 2% year-on-year...
- Supreme Court of India seeks replies on 28% IGST plea on phone batteriesThe Supreme Court is examining a customs department appeal. It seeks higher taxes on imported lithium-ion batteries for mobile phones. Manu...
- Wealthy Indians turn to alter ego trusts to manage succession planning and avoid court proceedingsWealthy Indians are adopting alter ego trusts for smoother wealth transfer. These trusts help bypass lengthy court processes and potential ...
- Delhi HC stays Rs 329 cr tax penalty on Vivo Mobile India, seeks I-I dept responseThe Delhi High Court has provided temporary relief to Vivo Mobile India. It stayed a Rs 329 crore penalty levied by the income tax departme...
- Vivo PMLA case: Delhi HC seeks ED stand on Lava MD Hari Om Rai's bail pleaThe Delhi High Court has sought the Enforcement Directorate's response to a bail plea by Hari Om Rai, MD of Lava International, who was arr...
- Vivo money laundering case: Delhi HC bars interim CEO, 2 others from leaving IndiaThe Delhi High Court has instructed the accused individuals in the Vivo money laundering case not to exit the country and to provide an und...
- China to provide consular assistance to Vivo employees arrested in India"We are closely following what you mentioned. The Chinese government firmly supports Chinese companies to safeguard their lawful rights and...
- Vivo Mobile India's FY22 net loss at Rs 123 croreThe Enforcement Directorate (ED) had filed a chargesheet last week against the company alleging that it had remitted Rs 1 lakh crore outsid...
- Had nothing to do with China's Vivo or its representatives since 2014: Lava MD to Delhi courtThe accused MD of Lava International Company Hari Om Rai, arrested in a money laundering case against Chinese phone-maker Vivo, made the su...
- India accuses China's Vivo of visa violations, siphoning off $13 billionChinese smartphone maker Vivo and its Indian affiliates are facing accusations from India's financial crime agency of employees concealing ...
- Vivo to continue with India investment, eyes expansion"We remain committed to the India market and are working to increase the production capacity of the manufacturing unit. Within this year, w...
- India sees spurt in 5G smartphone shipments from China despite recent crackdowns on alleged tax evasionDespite the spurt of recent crackdowns in India, most of the major Chinese smartphone brands in the top five smartphone leaderboard registe...
- 'Duty evasion' by Chinese phone firms in India under lensSitharaman said the Directorate of Revenue Intelligence (DRI) had issued a ₹4,389 crore customs duty demand notice to Oppo India.
- Notices issued to three Chinese mobile companies for tax evasion: Nirmala Sitharaman"Three show-cause notices have been issued to them and the approximate duty liability there is about Rs 653 crore. For the three show cause...
- HC permits Vivo India to operate bank accounts frozen by EDThe Enforcement Directorate (ED) on July 5 in a communication sent to all nine banks had ordered a debit freeze of all Vivo bank accounts.
- Vivo India remitted ₹62,476 cr, mainly to China: EDThe agency has seized 119 bank accounts of various entities with gross balance to the tune of ₹465 crore, including FDs to the tune of ₹66 ...
- ED raids 40 Vivo location, 465 cr seized from 119 ban accountsAll due procedures as per law were followed during the said operations at each premise. The employees of Vivo India, including some Chinese...
- ED raids disrupts business, hurts environment for foreign investors: Chinese embassyThe ED on Tuesday had raided 44 locations of Chinese smartphone manufacturer Vivo and enterprises linked to it, as part of a PMLA (preventi...
- China's Vivo plans mobile handset production plant in IndiaThe government is also offering various incentives like capital subsidy and tax benefits on setting up local manufacturing here.
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