India court rejects Xiaomi's challenge to $676 million asset freeze
WEBApr 21, 2023 — An Indian court has rejected Chinese phonemaker Xiaomi Corp's petition against the seizure of 55.51 billion rupees ($676 million), two sources familiar with the matter told Reuters on Friday.
2023 is the year for a reset, says Xiaomi India president ...
WEBXiaomi India president Muralikrishnan B believes a streamlined phone portfolio, affordable 5G devices and localised manufacturing, will show results in 2024 and beyond
India agency sends notices to Deutsche, HSBC, Citi in Xiaomi …
WEBJun 10, 2023 — NEW DELHI, June 9 (Reuters) - India's financial crime agency on Friday said notices had been issued to Xiaomi (1810.HK), Deutsche Bank (DBKGn.DE), HSBC (HSBA.L) and Citigroup (C.N) over...
Exclusive-Xiaomi Says India's Scrutiny of Chinese Firms Unnerves …
WEBFeb 11, 2024 — NEW DELHI (Reuters) -China's Xiaomi has told the Indian government that its heavy scrutiny of Chinese companies has made smartphone component suppliers wary about setting up operations in...
Xiaomi Says Again Rules Were Not Broken After India Seizes …
WEB(Yicai Global) June 14 -- Xiaomi is seeking to reassure the Chinese tech firm plays by the rules after the Indian government confiscated USD725 million from the third-largest smartphone seller in India due to alleged tax evasion caused by different calculation methods of imports.
India issues official warning to Xiaomi, may seize RMB 4.8 billion
WEBby TechNode Feed Jun 14, 2023. India’s Directorate of Enforcement (ED) has formally notified mobile phone maker Xiaomi Technologies India Private Limited, Xiaomi India, and some of its executives, as well as three banks including Citi, regarding the alleged violation of the country’s Foreign Exchange Management Act (FEMA) by “illegally ...
India seizes $725 million China’s Xiaomi over remittances
WEBApr 30, 2022 — NEW DELHI (AP) — Indian authorities on Saturday seized $725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad, officials said.
Explained: What is the ED case against Xiaomi India?
WEBMay 3, 2022 — The Enforcement Directorate (ED) has seized assets to the tune of over Rs 5,551 crore belonging to Chinese mobile phone manufacturer Xiaomi Technology India Private Limited last week for alleged violations of foreign exchange regulations.
Notice To Xiaomi India Official, Others Over Rs 5,551 Crore Case - NDTV.com
WEBJun 9, 2023 — The Enforcement Directorate (ED) announced Friday that it has issued show-cause notices to Xiaomi Technology India Private Limited, the Indian arm of the Chinese mobile phone manufacturer...
Xiaomi is the latest big Chinese company to face the heat in India - CNN
WEBMay 2, 2022 — In a statement on Friday, India’s Enforcement Directorate — the country’s main financial investigation agency — accused the Indian subsidiary of smartphone maker Xiaomi of violating ...