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Xiaomi files legal complaint against US Defense, Treasury ban   Published On It added that a "substantial number" of its shareholders were U.S. persons. SHANGHAI (Reuters) - Xiaomi Corp filed a complaint in a Washington district court on Friday against the U.S. Defense and Treasury Departments, seeking to remove the Chinese smartphone maker from an official list of companies with ties to China’s military. The Defense Department, under the Trump administration in mid-January, added Xiaomi and eight other companies to the list, which requires American investors to divest their holdings in t...

ICICI Bank Q3 net profit rises 19% to ₹4,940 cr The lender's overall provisions increased to ₹2,741 cr from the year-ago period's ₹2,083 cr, but lower when compared to the preceding quarter's ₹2,995 cr (Photo: Bloomberg) 1 min read Net interest margin expanded 10 basis points sequentially to 3.67% Share Via Read Full Story Private sector lender ICICI Bank on Saturday reported 19% increase in net profit at ₹4,940 crore for the quarter ending 31 December, 2020. It was ₹4,146 crore a year ago. Total income of country's second largest private sector lender by assets increased 3...

Xiaomi files legal complaint against US Defence, Treasury depts Xiaomi Corp filed a complaint in a Washington district court on Friday against the U.S. Defense and Treasury Departments, seeking to remove the Chinese smartphone maker from an official list of companies with ties to China's military Reuters | January 30, 2021 | Updated 17:06 IST Representational Image The Defense Department, under the Trump administration in mid-January, added Xiaomi and eight other companies to the list, which requires American investors to divest their holdings in the firms by a set deadline. In the complain...

January 30th, 2021 VCG via Getty Images Xiaomi isn’t wasting time disputing the US’ decision to put it on a list of Chinese military-backed companies and ban American investments. Reutersreports the Chinese phone giant has filed a legal complaint against the US Defense and Treasury Departments, calling the investment ban “unlawful and unconstitutional.” It also said the claims of links to the Chinese military were false, and that a lack of American investments would lead to “immediate and irreparable harm.” The company said 75 percent of its voting rights belonged to co-founders ...

Gizmochina Recently, the US Govt targeted Xiaomi by adding it to the Military Blacklist. This effectively means that investors in the country should divest themselves from the blacklisted firms by November 11, 2021. To this Xiaomi released a statement saying that it has no relations with the Chinese Military. Today, as per a Reuters report, the company has gone a step ahead and filed a legal complaint. According to the report, Xiaomi has filed a legal complaint in a Washington district court against the U.S Dept. of Defense and Treasury. Precisely, Secretary Janet Yellen, Xiaomi, calls the ju...