Searched for
XIAOMI ASSETS FREEZE
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...
Karnataka court rejects Xiaomi's challenge to $676 million asset freezeXiaomi's assets in India were frozen last year by the federal financial crime agency which alleged the company had made illegal remittances...
Karnataka court rejects Xiaomi's challenge to $676 million asset freezeIndia's federal financial crime agency froze Xiaomi's assets last year, alleging the company had made illegal remittances to foreign entiti...
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 to only sell smartphones in India nowThe decision comes at a time when Indian authorities are probing the local unit of the Chinese smartphone company for alleged violation of ...
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...
Disappointed, but will protect business interests after assets frozen in India, says XiaomiThe Chinese smart devices firm in a statement on Sunday said that over 84% of Rs 55.51 billion seized by the Enforcement Directorate earlie...
ED raids Vivo premises amid money laundering allegationsThe searches are being carried out under sections of the Prevention of Money Laundering Act (PMLA). The agency is conducting searches at 44...
'Xiaomi may top Q2 smartphone charts here, but rivals closing in'The Korean phone maker leveraged its vertical supply chain at a time when the industry faced shortages and supply constraints due to Covid-...
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...
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...
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...
Fintech's moneymoonIn today’s ETtech Morning Dispatch newsletter: Fintech startups ClearTax and KreditBee in talks for more funding; A SPAC exclusively for In...
Foxconn's Nokia factory talks may bear fruitA senior state official said Foxconn was keen to revive the plant, which is lying defunct for more than three years now.
Taiwan's Foxconn to manufacture Xiaomi phones at Sri City plant in Andhra PradeshThe maker of iPhones and iPads for Apple and Kindles for Amazon is planning to set up 10-12 factories in India, each employing at least 10,...
Lava drops out of race to buy Nokia’s Chennai handset unitLava was the first Indian phone vendor to introduce its own user interface or skin, Hive, riding on the Android OS.