Page 14 - Xiaomi
Chinese mobile cos evade Rs 9,000 cr in tax in India, Rs 1,629 cr recovered
Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs 9,000 crore in India, Parliament was informed on Friday. Data shared by the Minister of State for Electronics and IT Rajeev Chandrasekhar in Rajya Sabha showed tax evasion of around Rs 9,000 crore, comprising customs duty and GST, has been detected between 2018-19 and 2022-23. The government has recovered Rs 1,629.87 crore from the companies during the period. According to the data, Oppo Mobile India Pvt Ltd has been found evading Rs 5,086 crore in taxes which includes Rs 4,403 crore in customs duty and Rs 683 crore in the form of GST. Vivo has evaded taxes worth Rs 2,923.25 crore comprising Rs 2,875 crore in customs duty and Rs 48.25 crore in GST, according to the written reply by Chandrasekhar. Tax evasion of Rs 851.14 crore has been detected in the case of Xiaomi Technology India Pvt Ltd comprising Rs 682.51 crore in customs duty and Rs 168.63 crore in ...
 "Chinese mobile cos evade Rs 9,000 cr in tax in India, Rs 1,629 cr recovered")
China's Xiaomi bets bigger on India retail stores amid Samsung rivalry
But while 44% of India's smartphones sales are now online, the brick-and-mortar segment remains the bigger play and Xiaomi expects it to grow further
 "China's Xiaomi bets bigger on India retail stores amid Samsung rivalry")
Xiaomi in talks with Dixon Technologies, others for India-made phones
Move comes after govt's localisation push
 "Xiaomi in talks with Dixon Technologies, others for India-made phones")
Xiaomi celebrating 9 years in India by offering up to 75 per cent discounts
Xiaomi completes nine years in India today by offering heavy discounts on the Xiaomi Anniversary Sale. The sale begins today and will conclude on July 10
As part of restructuring, Xiaomi India to cut its workforce to below 1,000
The company has lost market share to similar, budget smartphone manufacturers from China which include Realme, Oppo, and Vivo
 "As part of restructuring, Xiaomi India to cut its workforce to below 1,000")
Involve Indian firms, officials in your ops: Govt to Chinese smartphone cos
Chinese smartphone-maker firms have been asked to appoint Indian officials to posts such as chief executive officer, chief operating officer, chief financial officer, and chief technical officer
 "Involve Indian firms, officials in your ops: Govt to Chinese smartphone cos")
Top headlines: Show-cause notice to Xiaomi, worried Byju's investors & more
Business Standard brings you top news at this hour
 "Top headlines: Show-cause notice to Xiaomi, worried Byju's investors & more")
FEMA authority slaps show-cause notices on Xiaomi, 3 foreign banks
According to the ED, the company started operations in India in 2014 and began remitting money in 2015. It has remitted money to three foreign entities, including one of its group units
ED issues notices to Xiaomi, 2 senior executives for FEMA violations
The federal probe agency had seized Rs 5,551.27 crore worth of funds of Xiaomi Technology India Private Limited lying in its bank accounts under the FEMA for unauthorised remittance
Xiaomi 14 Pro specifications leaked before release, full details below
Xiaomi 14 pro specification leaked, the new Xiaomi 14 will come with Qualcomm Snapdragon 8 Gen 3 processor and will also have 5000mAH battery backup with 90W/120W fast charging support.
Xiaomi partners with Dixon Technologies to make mobile phones in India
India has been encouraging global companies to invest more in local manufacturing as a part of its efforts to become a powerhouse in the global electronics supply chain
Xiaomi partners Optiemus to manufacture audio products in Noida
Xiaomi India on Monday announced a partnership with Optiemus Electronics Limited (OEL) to manufacture its audio products in the country
Falling behind in online sales, Xiaomi to focus on offline channels
Industry estimates say that more than 60 per cent of Xiaomi India's revenue comes from online sales
Xiaomi Redmi A2 series smartphones go on sale today: Price, specs, and more
The Xiaomi Redmi A2 series smartphones will be available online on Amazon India and Xiaomi web portal at 12 pm
 "Xiaomi Redmi A2 series smartphones go on sale today: Price, specs, and more")
Xiaomi launches Redmi A2 series smartphones at Rs 5,999 onwards: Details
The Redmi A2 and A2+ are said to be made in India smartphones. Both the smartphones come with a 2-year extended warranty
Sellers set to launch big discounts on smartphones to clear stock
Summer discount sales are a way to clear out stocks accumulated since the second half of last year and the first quarter of 2023, an analyst said
 "Sellers set to launch big discounts on smartphones to clear stock")
Tax evasion case: Xiaomi moves Karnataka High Court to challenge FD seizure
Xiaomi India's market share in the Indian handset industry has been steadily falling as a result of the legal problems
Karnataka HC upholds seizure of Rs 5,551 cr from Xiaomi for FEMA violation
Xiaomi had challenged the Competent Authority's order in the HC
Xiaomi launches at-home phone setup service support for senior citizens
This benefit is exclusively available to senior citizens who reside within 20 kms of their nearest service centre. The free service for senior citizens is for 30 days as an introductory offer
Xiaomi 13 Ultra launched in China with 90W charging, 50MP camera and more
The Xiaomi 13 Ultra also comes with Snapdragon 8 Gen 2 Chipset, and is equipped with a 12-bit display with support for LTPO