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Waiting for your dream phone to get cheaper? That moment may never comeSmartphone prices are no longer dropping predictably. The demand for AI chips is causing component costs to surge. This means phones are la...- Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuationDigital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last pri...
- Xiaomi challenges India taxman in SC over tariffs on royaltiesXiaomi contests a significant Indian tax demand on royalty payments. The company argues the ruling misinterprets contract manufacturing pra...
- Xiaomi eyes settlement route for release of ₹4,704.21 cr frozen assetsXiaomi Technology India's ₹4,704.21 crore remains held up as authorities have attached its bank accounts amid ongoing investigations. The c...
- Xiaomi's SU7 bedazzles at India showcasing, rolls out tech bonanza with star-Redmi 13 5GChinese tech giant Xiaomi showcased its electric vehicle SU7 in Bengaluru, alongside new electronic products like the Star-Redmi 13 5G. Alt...
- Power up with the Best Xiaomi Power Banks: Your On-the-Go Charging Solution (2023)Discover the perfect on-the-go power solution with our selection of the best Xiaomi power banks. These compact and stylish devices are desi...
- Xiaomi Diwali sale: Check out discounts on offer on mobiles, laptops and other devicesXiaomi India has launched its Diwali sale, coinciding with Flipkart and Amazon's sale events. The sale includes deals on mobiles, tablets, ...
- Xiaomi India unveils 3 4K smart TVs, vacuum robot, air purifiers and other home products; Check details hereXiaomi has unveiled its all-new smart home lineup at Smarter Living 2023 today.
- 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...
- 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...
- 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...
- 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...
- HC backs ED, says Xiaomi FEMA case to be decided by ‘competent authority’The single bench judge of Justice SG Pandit accepted the contention of the additional solicitor general representing ED. The ED counsel sai...
- Xiaomi India claims ED order does not satisfy provisions of FEMA act in CourtThe high court was hearing the writ petition filed by Xiaomi against the ED for passing an order seizing its bank assets worth over Rs 5,50...
- 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...
- 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...
- 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...
- 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...
- Xiaomi plans to float a NBFC in India, to soon seek RBI approvalXiaomi Financial Services plans to provide loans to consumers for purchasing electronics, home appliances, lifestyle products etc.
- Xiaomi said to be planning IPO, seeks at least $50b valuationThe Beijing-based company is considering an offering as soon as next year with banks suggesting Hong Kong as the most likely destination.
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