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...
21 Apr, 2023, 09.51 PM IST
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...
21 Apr, 2023, 03.51 PM IST
Court quashes tax dept's $448 million block on Xiaomi's deposits: SourcesThe fund freeze by income tax authorities was on top of another legal tussle Xiaomi faces where it has challenged a block on $666 million o...
16 Dec, 2022, 09.06 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
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...
28 Oct, 2022, 10.05 PM IST
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,...
07 Oct, 2022, 12.41 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
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
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...
19 Aug, 2022, 05.35 PM IST
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...
13 May, 2022, 08.42 AM IST
Xiaomi India's director of offline sales operations Sunil Baby resignsBaby's resignation comes after the company's managing director, Manu Kumar Jain, had stepped down from his position, and moved to Dubai.
12 May, 2022, 07.58 PM IST
India tax authority froze $478 million of Xiaomi funds in February: Sources, documentThe fund freeze by tax authorities, being reported for the first time by Reuters, comes on top of another legal tussle Chinese smartphone g...
12 May, 2022, 05.39 PM IST
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...
09 May, 2022, 05.05 PM IST
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...
08 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
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 ...
14 Apr, 2022, 12.26 AM IST
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...
13 Apr, 2022, 08.45 PM IST