Page 19 - Xiaomi
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.
 "India tax authorities froze $478 million of Xiaomi funds in Feb: Report")
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".
 "ED asks court to restore block on $725 million Xiaomi bank assets")
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
 "Dixon Technologies hits 52-week low, stock down 19% in six trading days")
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.
 "ED probes Xiaomi: China asks for fair treatment of its firms in India")
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.
 "Xiaomi accuses ED of 'physical violence' threats during forex investigation")
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
 "Xiaomi global VP Manu Kumar Jain appears before ED in FEMA case")
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
 "Top headlines: Infosys Q4 net rises 12%; PV sales dip nearly 4% in March")
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.
 "Xiaomi says fully cooperating with ED on alleged tax evasion probe")
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's former India managing director Manu Kumar Jain")
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
 "ED to summon former Xiaomi India head in investigation: Report")
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
 "POCO X4 Pro 5G with Qualcomm Snapdragon 695, 120Hz sAMOLED screen launched")
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 plans to focus on Rs 20,000-50,000 range in premium market")
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
 "Xiaomi's Manu Kr Jain on game plan for growth and the challenges faced")
TMS Ep107: GDP growth, Manu Kumar Jain, markets, sin tax
Will India's real GDP growth be mellower than projected? What's Manu Kr Jain's game plan for Xiaomi's growth? Will sell-off in mid, small-caps bottom out soon? What is sin tax? All answers here
 "TMS Ep107: GDP growth, Manu Kumar Jain, markets, sin tax")
Amid supply chain issues, Xiaomi loses 8% share in India over last 2 years
The company, which has maintained top position in the smartphone shipments in India for 17 consecutive quarters, is losing market share here amid rising competition and supply chain constraints
Top headlines: Booster to be same as first 2 doses, govt cuts capex by 41%
Federal Reserve may need to hike rates faster, reduce balance sheet quickly. More on that in today's top headlines
 "Top headlines: Booster to be same as first 2 doses, govt cuts capex by 41%")
Chinese mobile phone maker Xiaomi evaded Rs 653 crore in customs duty: DRI
Three show-cause notices have been issued to the mobile maker for demand and recovery of duty for April 2017-June 2020
India slaps Rs 653-cr import duty evasion notice on Xiaomi
This comes after recovery of documents during searches on its premises that indicated remittance of royalty and licence fee to US and Chinese firms under contractual obligations
 "India slaps Rs 653-cr import duty evasion notice on Xiaomi")