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XIAOMI PROBE
Secrets leaked? Xiaomi asks India to recall antitrust report on it and Flipkart, sources sayXiaomi has requested India's antitrust body to recall a report that found it and Flipkart breached competition laws, citing commercial secr...- 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...
- 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 ...
- Xiaomi shuts financial services business in IndiaThe company's Mi Pay app, which allowed users to make bill payments and money transfers, is no longer listed among the recognized third-par...
- 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...
- 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 ...
- India probes may adversely affect operating results or cash flows: XiaomiChinese smartphone maker Xiaomi on Friday said the ongoing investigations and allegations in India could take a long period of time to sett...
- Xiaomi India operates as a reseller and distributor of mobiles, no question of paying royalties: ED counsel to HCThe ED counsel's arguments surfaced on the judgement copy that was released by the single judge bench of Justice SG Pandit who disposed of ...
- It's business as usual at Xiaomi India, no job cuts: Industry executiveThe company is presently waiting for the written order from the Karnataka High Court that directed the competent authority under FEMA to he...
- Sequoia cuts ties with law firm; Xiaomi India gets a new headVenture Capital fund Sequoia informed its portfolio companies that it has stopped working with the law firm, Algo Legal.
- ED's probe on Xiaomi: China calls for fair & non-discriminatory environment for its firms in India"China is closely following the situation," Chinese Foreign Ministry spokesman Zhao Lijian told a media briefing here, responding to a ques...
- 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 ...
- 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 ...
- ED summons execs of Xiaomi, OnePlus over 'forex violations'In the case of Xiaomi, the ED is probing alleged foreign remittances of more than ₹1,000 crore, said people in the know. These remittances ...
- 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...
- Enforcement Directorate summons former Xiaomi head Manu Jain in investigationThe Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's forme...
- Enforcement Directorate summons former Xiaomi head Manu Kumar Jain in investigation: SourcesThe agency has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing ...
- Multiagency probe ordered against Indian operations of Chinese smartphone makersThe probe comes amidst allegations ranging from evasion of duties to unfair trade practices against these companies.
- Xiaomi probed for misleading consumers in ChinaXiaomi Corp is under investigation for alleged violation of China's new advertising law which bans use of superlative adjectives for promot...
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