Page 18 - Xiaomi

Tech giants accuse Indian agencies of ignorance in Xiaomi spat

While the lobby group's letter to ICEA didn't name the Xiaomi case specifically, it warned that accusing companies of illegal royalty payments could have a 'chilling effect' on business in the country

Xiaomi logs first revenue fall after Covid lockdown, war hurt demand

China's largest smartphone maker is losing global market share to frontrunners Samsung Electronics Co. and Apple Inc

Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak

Curbs on investment by Chinese investors a major roadblock

Karnataka HC permits Xiaomi India to take overdrafts, make payments

Senior advocate S. Ganeshan argued that Xiaomi India was being targeted as it is a Chinese company and other companies are allowed to make payments of technology royalty

Karnataka HC allows Xiaomi to access overdraft facilities from banks

The company had sought to use Rs 1,000 crore for its day-to-day expenditure

India tax authorities froze $478 million of Xiaomi funds in Feb: Report

The fund freeze by tax authorities comes on top of another legal tussle Chinese smartphone giant Xiaomi faces.

ED asks court to restore block on $725 million Xiaomi bank assets

ED had seized the money saying Xiaomi had illegally transferred funds abroad to three entities, including one in the Xiaomi group, describing them as payments "in the guise of royalty".

Dixon Technologies hits 52-week low, stock down 19% in six trading days

The stock has been under pressure despite the company clarifying that there is no adverse impact on the business of the company due to the ED seizure of assets of Chinese mobile manufacturing company

ED probes Xiaomi: China asks for fair treatment of its firms in India

Xiaomi is accused of making illegal remittances abroad "in the guise of royalty" payments.

Xiaomi accuses ED of 'physical violence' threats during forex investigation

The company alleges intimidation by India's premier enforcement agency when executives appeared for questioning multiple times in April.

ED seizes assets worth Rs 5,551 cr, Xiaomi says it follows Indian laws

The technology giant is being questioned by the federal agency for alleged violation of foreign exchange laws.

Xiaomi global VP Manu Kumar Jain appears before ED in FEMA case

Jain, the former India head of Xiaomi, was questioned about the India operations of the company and his statement was recorded at ED's Bengaluru zonal office

Top headlines: Infosys Q4 net rises 12%; PV sales dip nearly 4% in March

Infosys' revenue grew 22.7 per cent to Rs 32,276 crore in the quarter from Rs 26,311 crore in the year-ago period

Xiaomi says fully cooperating with ED on alleged tax evasion probe

In a statement shared with IANS, Xiaomi said it is a law-abiding and responsible company.

ED summons Xiaomi's former India managing director Manu Kumar Jain

The Enforcement Directorate has summoned Manu Kumar Jain, Xiaomi's former India managing director, to appear before it in a probe

ED summons Xiaomi global vice-president Manu Kumar Jain in forex case

It's learnt that ED had initiated its discreet inquiry in February under the Foreign Exchange Management Act (FEMA) and found evidence of remittances involving a significant amount

ED to summon former Xiaomi India head in investigation: Report

The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing director, to appear before its officers

POCO X4 Pro 5G with Qualcomm Snapdragon 695, 120Hz sAMOLED screen launched

The POCO X4 Pro 5G will be available in POCO yellow, laser blue and laser black colours starting April 5 at 12 noon on Flipkart

Xiaomi plans to focus on Rs 20,000-50,000 range in premium market

The Chinese company put its foot on the pedal in the 20K plus market by launching multiple phones under the Xiaomi brand name

Xiaomi's Manu Kr Jain on game plan for growth and the challenges faced

In an interview with Business Standard's Surajeet Das Gupta, Xiaomi India head Manu Kumar Jain tells about the challenges the company faced in India and how it dealt with the supply chain constraints