Xiaomi India staff cut to below 1,000 amid govt scrutiny, market slump: Report
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.
Source: hindustantimes.com
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ED issues show cause notice to Xiaomi India for FEMA violation
ED issued notices to Xiaomi Technology India and CITI, HSBC and Deutsche bank AG for foreign exchange violation worth Rs. 5551.27 crore.
Source: medianama.com
ED slaps Rs 5,551 cr FEMA violations notices on Xiaomi, 2 senior executives
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
Source: dailypioneer.com
ED issues showcause notice to Xiaomi India for Rs. 5,551 crore FEMA Violation
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.
Source: fonearena.com
Xiaomi India Gets Notices From Enforcement Directorate For Rs 5,551 Cr FEMA 'Violations'
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
Source: india.com