In FY22, the South Korean company's overall revenue in India, including other income, increased by 10% to Rs 85,324 crore
The smaller nation is scoring high in attracting global corporations and their suppliers
Rumours started with a portal's tweet that the Chinese cellphone manufacturer may shift its operations from India to Pakistan after its assets worth $676 million were seized
Rumours started with a portal's tweet that the Chinese cellphone manufacturer may shift its operations from India to Pakistan after its assets worth $676 million were seized
The Enforcement Directorate froze Rs 5,551 crore of Xiaomi assets in April, alleging the company made illegal remittances to foreign entities by passing them off as royalty payments
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Under a 100-trillion-rupee ($1.2 trillion) mega project called PM Gati Shakti Modi's administration is creating a digital platform that combines 16 ministries
Chinese smartphone maker Xiaomi Corp on Sunday said it was "disappointed" with an Indian order that froze $682 million of its assets and would continue to protect its interests
Chinese smart devices firm Xiaomi on Sunday said that over 84 per cent of the Rs 5,551.27 crore seized by the Enforcement Directorate was the royalty payment made to US chipset company Qualcomm. The ED, under the Foreign Exchange Management Act (FEMA), has approved an order of seizure of over Rs 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi -- the highest amount frozen till date in India. The Enforcement Directorate (ED) charged the Chinese phone maker with remitting foreign currency equivalent to Rs 5,551.27 crore to three entities -- one Xiaomi Group company and two US-based unrelated entities -- in the guise of royalty. "We have studied the order from the Competent Authority and are disappointed with the decision as none of the factual and legal contentions raised by us have been addressed. We believe our royalty payments and statements to the bank are all legitimate and truthful," Xiaomi said in a statement. The Chinese company said that Xiaomi India
The order has been issued under section 37A of the FEMA against Xiaomi Technology India Private Ltd, the federal agency said in a statement.
According to government, NavIC provides more accurate domestic navigation and its use is likely to benefit the economy as well
In the Big Billion Days sale, the 5G smartphones are available for as low as Rs 11,000. Here are deals and offers on select 5G smartphones below Rs 20,000 on Flipkart
The Chinese electronics manufacturer is offering discounts on the Xiaomi 12 Pro 5G, Xiaomi 11T Pro, Redmi K50i 5G, and more. Here are the details
Sharp 35-40% decline in prices over the past five years has been the key growth driver; other tailwinds include greater rising incomes, higher OTT consumption and deeper web penetration
A phone can explode due to many reasons, but the most common reason is the battery of the device
After a YouTuber claimed on social media that her aunt allegedly died after her Redmi 6A smartphone exploded near her on the bed while sleeping, the company said it was probing the incident
The update is expected to happen in October
CEO recently said edtech unicorn may see a funding dry spell for at least 12-18 months and it would cut costs
The NoteBook Pro 120 series features some new industry-first offerings as it offers 2.5K resolution (2560x1600) on a 14-inch Xiaomi TrueLife display
The new Xiaomi Smart TV X Series range starts from Rs 28,999, and goes up to Rs 39,999, depending on the size