Sankalp Phartiyal And Abhishek Shanker Bloomberg

India accused Xiaomi Corp. of breaching the country's foreign-exchange laws and seized Rs 55.51 billion ($726 million) from a local unit of the smartphone maker, in India's latest clash with a Chinese company over their activities in the market.

India accused Xiaomi Corp. of breaching the country's foreign-exchange laws and seized Rs 55.51 billion ($726 million) from a local unit of the smartphone maker, in India's latest clash with a Chinese company over their activities in the market.