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Latest Articles in xiaomi

India Seeks To Restore Block On $725 Mn Of Xiaomi's Bank Assets

But the high court in the southern state of Karnataka put that decision on hold after Xiaomi challenged it, saying all the royalty payments were legitimate

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Xiaomi Accuses ED Of 'Physical Violence' Threats During Probe; ED Denies

Xiaomi has been under investigation since February and last week the Indian agency seized $725 million lying in the company's India bank accounts, saying it made illegal remittances abroad "in the guise of royalty" payments

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Karnataka High Court Breather For Xiaomi India In ED Seizure Case

The High Court of Karnataka has given a breather to Xiaomi Technology India Private Limited by staying the April 29 order of the ED by which Rs 5551.27 crore of the company was seized

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HC Gives Breather To Xiaomi After ED Seizure Of Rs 5551.27 Cr

ED had seized the sum of Rs 5551.27 crore in the bank accounts of the company and initiated action for alleged illegal remittances made by the company in February 2022

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ED Seizes ₹5,551 Cr From Xiaomi For ‘Illegal Outward Remittances’

The seizure of funds has been done under relevant sections of the Foreign Exchange Management Act (FEMA) after a probe was launched by the federal agency against the company in connection with alleged "illegal remittances" sent abroad by the Chinese firm in February

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ED Summons Xiaomi Over Probe Linked To Alleged Contravention Of Foreign Exchange Law

ED is investigating the company and its executives under the provisions of the Foreign Exchange Management Act (FEMA) linked to foreign remittances worth crores made over the last few years

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India Agency Summons Former Xiaomi Head In Investigation: Sources

The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing director, to appear before its officers

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Xiaomi Revenue Fails to Meet Expectations as Competition From Oppo, Vivo Intensifies

Sales rose to CNY 78.06 billion (roughly Rs. 90,910 crore) in the three months to September 30. Analysts had expected CNY 79.20 billion (roughly Rs. 92,300 crore), Refinitiv data shows.

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Xiaomi To Offer Full Spectrum Of Financial Services In India Via Partners

The top executive said Mi Credit will now offer a higher pre-approved loan of Rs 25 lakh (against Rs 1 lakh previously) and tenure of up to 60 months.

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India's Smartphone Mkt Falls 13 % Sequentially In Q2 Amid 2nd COVID Wave: Canalys

Xiaomi continued to remain the top player with 29 per cent market share (9.5 million units shipment) in the June 2021 quarter, followed by Samsung stayed in second place with 17 per cent share (5.5 million) and Vivo with 5.4 million.

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Xiaomi Logs Strong Growth In India's Premium Smartphone Segment

People looking to upgrade to more powerful devices, availability of financial programmes like EMIs and increasing penetration of e-commerce are some of the aspects that have helped in the growth of the Rs 20,000 and above category.

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Will Bring Mi 11 Lite 5G Model In India After 5G Network Roll-Out Or On Demand: Xiaomi

The company unveiled two 4G models of Mi 11 Lite each weighing 157 gram for Rs 21,999 and Rs 23,999 which will go on sale on Mi website, Flipkart and authorised retail partner from June 25.

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Xiaomi, Apple, Samsung Among Most Popular Brands In Pre-Owned Smartphone Market: Report

One of the most important reasons for upgrading for most smartphone users has been the need to have a smartphone with high-speed network connectivity (3G to 4G) and supporting apps for online classes and work from home

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In the Global Game, Bigger Is No Longer Necessarily Better

Companies are rewriting their growth strategies in three key respects. First, they’re going asset light. Global expansion used to require heavy investment in physical infrastructure and boots on the ground – a big reason it took so long. Today, companies launching new offerings can use digital means and partner with local companies to rapidly enter new markets

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Global Smartphone Market Sees Double-Digit Growth In Q1 2021

After a year of sinking sales, the smartphone market is showing an upward trend with double-digit growth and showing signs of a speedy recovery.

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