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ED Seizes Rs. 5,551 Crore Worth of Deposits of Xiaomi India Under FEMA

by Maya Ortiz
ED Seizes Rs. 5,551 Crore Worth of Deposits of Xiaomi India Under FEMA

The competent authority under the Foreign Exchange Management Act (FEMA) has approved an order of seizure of over Rs. 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi, …

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Xiaomi Feels Disappointed by ED Order to Seize Assets, Says Will Continue to Protect Reputation

by Maya Ortiz
Xiaomi Feels Disappointed by ED Order to Seize Assets, Says Will Continue to Protect Reputation

Chinese smartphone maker Xiaomi on Sunday said it was “disappointed” with an Indian order that froze $682 million (nearly Rs. 5,551 crore) of its assets and would continue to protect its …

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Xiaomi’s Appeal for Relief Over $676 Million Asset Freeze Declined by Karnataka High Court

by Maya Ortiz
Xiaomi’s Appeal for Relief Over 6 Million Asset Freeze Declined by Karnataka High Court

An Indian court on Thursday declined to lift a freeze on Xiaomi’s $676 million (nearly Rs. 5,500 crore) worth of assets, even as the Chinese smartphone group said this enforcement …

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Izzy Hands Fans React to the Our Flag Means Death Finale

by Ron Morgan
Izzy Hands Fans React to the Our Flag Means Death Finale

Last week, the season two finale of Our Flag Means Death aired on Max. The eight-episode season was marked by incredible acting, a mix of goofy swashbuckling and brutal nose-peeling …

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Xiaomi India Dismisses Speculation on India Operations Being Moved to Pakistan as ‘False and Baseless’

by Maya Ortiz
Xiaomi Feels Disappointed by ED Order to Seize Assets, Says Will Continue to Protect Reputation

Xiaomi on Friday dismissed speculation that the company might move its operations from India to Pakistan. The company responded to a tweet from a portal on Twitter that claimed the …

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Xiaomi India Misled Deutsche Bank for Years on ‘Illegal’ Royalty Payments, Documents Show

by Maya Ortiz
Xiaomi India Misled Deutsche Bank for Years on ‘Illegal’ Royalty Payments, Documents Show

Indian investigators have alleged Chinese smartphone maker Xiaomi’s India unit misled its banker Deutsche Bank AG for years by claiming it had an agreement for payment of royalties when it …

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Karnataka HC Rejects Xiaomi’s Petition Challenging $676 Million Asset Freeze by ED: Report

by Maya Ortiz
Xiaomi’s Appeal for Relief Over 6 Million Asset Freeze Declined by Karnataka High Court

Karnataka High Court has rejected China-based Xiaomi’s petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday. India’s …

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