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Tech News
Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation
Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from…
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Xiaomi Partners With Dixon Technologies to Make Mobile Phones in India
Contract manufacturer Dixon Technologies (India) on Wednesday said it is partnering with Xiaomi’s Indian arm to make and export phones…
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‘Yet to Be Established It Was a Redmi Phone’: Xiaomi India on 8-Year-Old’s Death in Smartphone Explosion
In the case of a tragic incident where an eight-year-old girl lost her life as the smartphone exploded, Xiaomi India…
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Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in…
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Xiaomi India Chief Business Officer Raghu Reddy Resigns Amid Intensifying Regulatory Scrutiny, Competition
One of Xiaomi’s top executives in India is leaving the smartphone maker just as it faces intensifying regulatory scrutiny and…
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Xiaomi Discontinues Financial Services Business in India Days After Pulling Out Some Mi Apps: Report
Chinese smartphone maker Xiaomi is winding down its financial services business in India, according to a recent report, citing sources…
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Xiaomi Feels Disappointed by ED Order to Seize Assets, Says Will Continue to Protect Reputation
Chinese smartphone maker Xiaomi on Sunday said it was “disappointed” with an Indian order that froze $682 million (nearly Rs.…
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Tech News
ED Seizes Rs. 5,551 Crore Worth of Deposits of Xiaomi India Under FEMA
The competent authority under the Foreign Exchange Management Act (FEMA) has approved an order of seizure of over Rs. 5,551…
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Xiaomi India Elevates Muralikrishnan B to President, 1 Month After Leadership Rejig
Chinese smart device maker Xiaomi has promoted its chief operating officer Muralikrishnan B as president to head its India business.…
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Xiaomi Funds Worth $478 Million Said to Be Frozen by ED During Alleged Tax Evasion Investigation
Indian tax officials froze $478 million (roughly Rs. 3,699 crore) worth of deposits lying in local bank accounts of China’s…
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Tech News
ED Reportedly Asks Court to Re-Instate Freeze on Xiaomi’s Bank Assets Worth $725 Million
India’s financial crime fighting agency asked a court on Thursday to re-instate a freeze on $725 million (roughly Rs. 5,624…
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