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ED undertakes first-ever searches in Ladakh in crypto fraud case

The money laundering case stems from a March 2020 FIR registered in Leh and some other complai…

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After Xiaomi, Vivo comes under the Enforcement Directorate’s scanner

In a major crackdown on Chinese smartphone makers, India’s financial watchdog Enforcement Directora…

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Vivo ED raids: Two Chinese directors of a related company flee

As the Enforcement Directorate (ED) continued searches at the premises of Chinese companies, includ…

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K'taka HC rejects plea by Chinese firm Xiaomi challenging ED

Karnataka High Court has rejected Chinese firm Xiaomi's plea against the seizure of Rs 5,551.27 cro…

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Manu Kumar Jain departs from Xiaomi, nearly a decade after working for the Chinese smartphone maker

Xiaomi Global vice president Manu Kumar Jain has announced that he is leaving the company after nin…

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Xiaomi says it is disappointed after ₹5,551.27 crore seizure order is upheld, claims the remittances are legitimate

In a major setback to Chinese smartphone maker Xiaomi, an appellate authority upheld the Enforcemen…

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EXCLUSIVE: 84% of the ₹5,551.27 crore of the alleged illegal remittance by Xiaomi India were to the Qualcomm Group

The ED claimed that Xiaomi India had illegally remitted ₹5,551.27 crore in February 2022. The am…

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China wants India to treat Chinese companies fairly as Xiaomi claims ED threatened its executives of physical violence

Earlier this month, the ED had said that it had seized ₹5,551.27 crore from Xiaomi India for all…

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Xiaomi is worried that investigations in India might affect it cash flows, operating results

The company, which registered around 20 per cent drop in its global sales at $10.31 billion in t…

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Karnataka High Court allows Xiaomi to take overdraft for payments, restricts royalty payment

Vacation Judge Justice S. Sunil Dutt Yadav on Thursday also extended the interim order till May …

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Finance Minister Nirmala Sitharaman reveals government is investigating multiple Chinese smartphone makers for tax evasion

Chinese smartphone makers occupy a huge share of the Indian market, and companies like Xiaomi, Oppo…

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Xiaomi announces leadership changes amid investigations in India — Alvin Tse will lead the Indian team

Since Jain stepped down, the company has been working under the trio of Muralikrishnan B, the ch…

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Spotify rebrands Greenroom as Spotify Live, adds live audio feature to the app

Music streaming platform Spotify has announced that it is changing the name of Greenroom to Spotify…

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India's edible oil imports at 5.64 million tonnes during November-March, up by 8% YoY

India's total edible oil imports during November to March were at 5.64 million tonne, up nearly 8 p…

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India to face more power cuts amid coal shortage and rising demand

Several states in India are likely to see a power shortage in the coming weeks as power plants stru…