Sameerb Rao News Today

Xiaomi India employed roughly 1,400 to 1,500 employees at the start of 2023 and around 30 people have been fired in the last week.

ED issued notices to Xiaomi Technology India and CITI, HSBC and Deutsche bank AG for foreign exchange violation worth Rs. 5551.27 crore.

The Enforcement Directorate (ED) on Friday said it has issued show-cause notices to the Indian arm of Chinese mobile phone manufacturer Xiaomi, its chief financial officer and director Sameer B Rao, former managing director Manu Kumar Jain and three foreign banks for alleged violations of the

The Enforcement Directorate (ED) has issued show-cause notices to Xiaomi Technology India Pvt Ltd, as well as its officials and three banks, under FEMA.

The ED had earlier seized funds worth Rs 5,551.27 crore of Xiaomi Technology India Private Limited lying in its bank accounts under the FEMA for the

For a FEMA violation of $5,551 crore, the Enforcement Directorate issued a show-cause notice to Xiaomi Technology India, CFO Sameer Rao, its former MD Manu Jain, and 3 banks. According to the officials, the notice relates to illegal remittances made by the company totaling $5,555.27 crores.

Enforcement Directorate issues show cause notice to Xiaomi officials in Rs 5,551 crore forex violation case.

Enforcement Directorate issues show cause notice to Xiaomi officials in Rs 5,551 crore forex violation case.

The Enforcement Directorate (ED) on Friday said that the Adjudicating Authority has issued showcause notices to Xiaomi Technology India Private Limited, its officials and three banks under the relevant provision of the Foreign Exchange ...

The Adjudicating Authority has issued show-cause notices to Xiaomi Technology India Private Limited, its officials and three banks under section 16 of the Foreign Exchange Management Act on the basis of a complaint filed by the Enforcement Directorate (ED) with respect to illegal remittances made by the company to the tune of Rs.5551.27 crore, an official statement said on Friday.