The ED had raided vivo-India and its linked persons in July last year and claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies
The ED had filed a charge-sheet against four people in a special PMLA court in Delhi. The court recently took cognisance of the charge-sheet
Starting at Rs 52,999, iQOO 12 promises a substantial leap in camera capabilities and build quality compared to its predecessor
The accused were produced before the court on the expiry of their three-day ED custody granted earlier. The accused were taken into custody under the provisions of the PMLA Act
The Vivo X100 series encompasses a vanilla model and a Pro model, both focused on imaging, design, and performance
India's financial crime-fighting agency last week arrested two senior employees of Vivo's India unit, a move the company vowed to challenge legally
The three have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA), they said. The identity of the three people was not known immediately
The ED claimed the alleged activities of the four accused enabled Vivo-India to make wrongful gains that were detrimental to the economic sovereignty of the country
Vivo India has reported profits at a time when the overall smartphone industry has seen a 10% decline in shipments
ED recently arrested Chinese national Guangwen Kuang, Lava International's MD Hariom Rai Nitin Garg and Rajan Malik under a different section of the Money Laundering Act
The phone industry told govt that 99% of mobile phones sold in India are produced locally. For companies to grow, they need exports
The charge sheet was filed under criminal sections of the Prevention of Money Laundering Act before Special Judge Kiran Gupta, who on Thursday posted the matter for consideration on December 13
The federal probe agency arrested four persons, including the MD of the Lava International mobile company Hari Om Rai, in this investigation
Companies like Xiaomi, Oppo, Vivo, and Realme together account for a dominating 74% share of the Indian mobile phone market in terms of volumes. However, their share of exports stands at only 14%
Vivo's sub-brand iQOO has announced that it would launch the iQOO 12 smartphone in India on December 12
he four accused are -- Lava International MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, Chartered Accountants Nitin Garg and Rajan Malik
"Accused has no role in money laundering and in the schedule offence. He is just an entrepreneur," Rana told the judge
For AI capabilities, Qualcomm says the new processor's Hexagon NPU (Neural Processing Unit) provides 60 per cent more performance per watt compared to the previous generation chipset
The anti-money laundering agency had raided the company and people linked to it in July last year and claimed to have busted a major money laundering racket involving Chinese nationals
iQOO on November 1 announced through a post on X (formerly Twitter) that the iQOO 12 smartphone would launch in India on December 12