US Stock Market: AI-fueled memory supercycle boosts chip stocks while hardware companies struggleThe AI boom is causing a global memory chip shortage. This is creating winners among chip makers like Micron and Samsung, whose shares are ...
13 May, 2026, 10.25 AM IST
Lumio Vision 9 (2026) launches with a performance-first approach as it builds on early market tractionLumio launched its Vision 9 (2026) smart TV in India, emphasizing performance as a key differentiator. The company's strategy, validated by...
16 Apr, 2026, 02.34 PM IST
Porsche loses speed on a curvy roadPorsche AG's sales dropped significantly in the first quarter. China saw a steep decline in luxury spending, impacting deliveries. Model ch...
11 Apr, 2026, 08.08 AM IST
Chinese professionals back in India on warmer tiesChinese professionals are returning to India in growing numbers for business. Companies like Oppo, Xiaomi, and Midea are sending executives...
27 Mar, 2026, 12.25 AM IST
China's Xiaomi fires three employees for spreading rumours about Xiaomi carsChinese smartphone maker Xiaomi Corp said on Tuesday it had dismissed three employees for spreading rumours, seriously misleading the marke...
19 Dec, 2023, 05.06 PM IST
Manu Jain exits Xiaomi Group“After nine years, I am moving on from the Xiaomi Group. I feel confident that now is the right time, as we have strong leadership teams ac...
30 Jan, 2023, 06.29 PM IST
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...
04 Nov, 2022, 04.40 PM IST
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...
03 Oct, 2022, 10.23 AM IST
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...
02 Oct, 2022, 09.30 PM IST
Enforcement Directorate's Rs 5,551.27 crore seizure order against Xiaomi confirmedThe authority held that the ED was right in holding that foreign exchange equivalent to ₹5,551.27 crore had been transferred out of India b...
01 Oct, 2022, 12.37 AM IST
FEMA authority confirms India's highest seizure order of Rs 5551.27 crore against XiaomiThe Authority, while confirming the seizure, held that the probe agency was right in holding the foreign exchange equivalent to Rs 5551.27 ...
30 Sep, 2022, 06.21 PM IST
Xiaomi 12 Ultra likely to sport Leica camera, smartphone giant announces tie-up with German companyThe first flagship device from the partnership will arrive in July this year.
23 May, 2022, 05.28 PM 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
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...
05 May, 2022, 11.46 PM 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
ED seizes Rs 5,551 crore of Xiaomi India for alleged forex violationThe Directorate of Enforcement (ED) has seized Rs.5551.27 crore of Xiaomi Technology India Private Limited under the provisions of Foreign ...
01 May, 2022, 06.24 AM IST
ED seizes Rs 5,551 crore of Xiaomi India under FEMA for alleged forex violationThe Directorate of Enforcement (ED) has seized Rs 5551.27 crore from Xiaomi Technology India Private Limited, a wholly-owned subsidiary of ...
30 Apr, 2022, 04.08 PM IST