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Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
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Court Rejects Xiaomi's Challenge To $676 Million Asset Freeze: Report
A court in Karnataka has rejected China-based Xiaomi Corp's petition challenging the seizure of 55.51 billion rupees ($676.35 million) by the Enforcement Directorate, news website Live Law reported today.
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Xiaomi Revamping India Strategy As Samsung Steals A March
Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse that has allowed Samsung Electronics to pip the Chinese company to the top spot in the world's second-biggest market for the devices.
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Court Removes $448 Million Block On Xiaomi's Deposits In India: Report
A court has quashed the income tax department's block on China-based Xiaomi Corp's fixed deposits worth Rs 37 billion, two people familiar with court proceedings said today.
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Xiaomi Shuts Financial Services Business In India: Report
Chinese smartphone maker Xiaomi Corp is winding down its financial services business in India, TechCrunch reported on Friday, citing sources familiar with the matter.
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Xiaomi "Disappointed" With 5,551 Crores Seizure, Says Will "Protect Interests"
Chinese smartphone maker Xiaomi Corp on Sunday said it was "disappointed" with an Indian order that froze $682 million of its assets and would continue to protect its interests.
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Accused Of Threats To Xiaomi Execs, Enforcement Directorate Strikes Back: 10 Points
The Enforcement Directorate has asked a court to reinstate a freeze of Rs 5,551 crore in the Indian bank accounts of Xiaomi Corp as it investigates fund transfers by the Chinese smartphone giant.
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China's Xiaomi vs Enforcement Directorate In India - The Complete Guide
Chinese smartphone giant Xiaomi Corp faces legal headaches in India as the Enforcement Directorate (ED)and tax authorities investigate its business practices.
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India Should Stop "Regulatory Assault": Chinese State Media On Xiaomi Row
India should stop its "regulatory assault" on Chinese companies, state-backed Chinese newspaper Global Times said, after smartphone maker Xiaomi Corp alleged threats of "physical violence" in Indian investigations.
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Beijing Urges India to Treat Chinese Firms Fairly After Xiaomi Threat Claim
China on Monday urged India to ensure Chinese companies operating in India were not discriminated against, after Xiaomi Corp said its executives there had faced threats of violence during questioning over alleged illegal remittances.
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China's Xiaomi Claims Indian Agency Threatened "Physical Violence": Report
Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of "physical violence" and coercion during questioning by India's financial crime fighting agency, according to a court filing seen by Reuters.
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Xiaomi CEO Says Firm To Mass Produce Its Own Cars In H1 2024
Xiaomi Corp CEO Lei Jun reportedly aims for the company to mass produce its own cars by the first half of 2024. The date marks the next major target for the company's fledgling electric vehicle (EV) division.
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China's Xiaomi Completes Business Registration Of Electric Vehicle Unit
Chinese smartphone giant Xiaomi Corp said on Wednesday it has completed the official business registration of its electric vehicle unit, marking the latest milestone in its push into the automotive sector.
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Government Selects Four Global Firms To Boost IT Products Manufacturing
Ten companies were also selected, including smartphone maker Lava and Dixon, which makes TVs for Xiaomi Corp in India, the government said in a statement.
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Chinese Smartphone Maker Xiaomi To Make EVs Using Great Wall's Plant: Report
China's Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd's factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race.
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Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
-
Court Rejects Xiaomi's Challenge To $676 Million Asset Freeze: Report
A court in Karnataka has rejected China-based Xiaomi Corp's petition challenging the seizure of 55.51 billion rupees ($676.35 million) by the Enforcement Directorate, news website Live Law reported today.
-
Xiaomi Revamping India Strategy As Samsung Steals A March
Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse that has allowed Samsung Electronics to pip the Chinese company to the top spot in the world's second-biggest market for the devices.
-
Court Removes $448 Million Block On Xiaomi's Deposits In India: Report
A court has quashed the income tax department's block on China-based Xiaomi Corp's fixed deposits worth Rs 37 billion, two people familiar with court proceedings said today.
-
Xiaomi Shuts Financial Services Business In India: Report
Chinese smartphone maker Xiaomi Corp is winding down its financial services business in India, TechCrunch reported on Friday, citing sources familiar with the matter.
-
Xiaomi "Disappointed" With 5,551 Crores Seizure, Says Will "Protect Interests"
Chinese smartphone maker Xiaomi Corp on Sunday said it was "disappointed" with an Indian order that froze $682 million of its assets and would continue to protect its interests.
-
Accused Of Threats To Xiaomi Execs, Enforcement Directorate Strikes Back: 10 Points
The Enforcement Directorate has asked a court to reinstate a freeze of Rs 5,551 crore in the Indian bank accounts of Xiaomi Corp as it investigates fund transfers by the Chinese smartphone giant.
-
China's Xiaomi vs Enforcement Directorate In India - The Complete Guide
Chinese smartphone giant Xiaomi Corp faces legal headaches in India as the Enforcement Directorate (ED)and tax authorities investigate its business practices.
-
India Should Stop "Regulatory Assault": Chinese State Media On Xiaomi Row
India should stop its "regulatory assault" on Chinese companies, state-backed Chinese newspaper Global Times said, after smartphone maker Xiaomi Corp alleged threats of "physical violence" in Indian investigations.
-
Beijing Urges India to Treat Chinese Firms Fairly After Xiaomi Threat Claim
China on Monday urged India to ensure Chinese companies operating in India were not discriminated against, after Xiaomi Corp said its executives there had faced threats of violence during questioning over alleged illegal remittances.
-
China's Xiaomi Claims Indian Agency Threatened "Physical Violence": Report
Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of "physical violence" and coercion during questioning by India's financial crime fighting agency, according to a court filing seen by Reuters.
-
Xiaomi CEO Says Firm To Mass Produce Its Own Cars In H1 2024
Xiaomi Corp CEO Lei Jun reportedly aims for the company to mass produce its own cars by the first half of 2024. The date marks the next major target for the company's fledgling electric vehicle (EV) division.
-
China's Xiaomi Completes Business Registration Of Electric Vehicle Unit
Chinese smartphone giant Xiaomi Corp said on Wednesday it has completed the official business registration of its electric vehicle unit, marking the latest milestone in its push into the automotive sector.
-
Government Selects Four Global Firms To Boost IT Products Manufacturing
Ten companies were also selected, including smartphone maker Lava and Dixon, which makes TVs for Xiaomi Corp in India, the government said in a statement.
-
Chinese Smartphone Maker Xiaomi To Make EVs Using Great Wall's Plant: Report
China's Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd's factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race.
