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October 3, 2022
Following an Indian order that froze Chinese smartphone maker Xiaomi Corp's assets worth $682 million, the company on Sunday said it was "disappointed" with it and would continue to protect its interests. An Indian appellate authority on Friday had confirmed an April order by the Enforcement Directorate to seize Rs 55.51 billion, saying a probe found Xiaomi had made illegal remittances to foreign entities by passing them off as royalty payments.
October 3, 2022
The Chinese smartphone manufacturer said that all royalty payments were made through the banking channels approved by the RBI
October 2, 2022
MUMBAI (Reuters) - Chinese smartphone maker Xiaomi Corp on Sunday said it was "disappointed" with an Indian order that froze $682 million of its asset...
October 2, 2022
Chinese smart devices firm Xiaomi on Sunday said that over 84 per cent of the Rs 5,551.27 crore seized by the Enforcement Directorate was the royalty payment made to US chipset company Qualcomm.
October 2, 2022
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.... | October 2, 2022
October 2, 2022
MUMBAI (Reuters) - Chinese smartphone maker Xiaomi Corp on Sunday said it was "disappointed" with an Indian order that froze $682 million of its asset...
May 16, 2022
New Delhi, May 16 (IANS) After the Enforcement Directorate (ED) seized nearly Rs 5,551.3 crore from Xiaomi India under Foreign Exchange Management Act (FEMA)
May 16, 2022
After the Enforcement Directorate (ED) seized nearly Rs 5,551.3 crore from Xiaomi India under Foreign Exchange Management Act (FEMA) for illegal remittances to foreign entities, reliable sources said on Monday that about 84 per cent of the ...