ED Seizes Rs 5,551.27 Crore From Xiaomi India
The Enforcement Directorate (ED) on September 30, seized Rs 5,551.27 crore from Xiaomi Technology India Pvt Ltd, confirmed authority appointed under Section 37A of the Foreign Exchange Management Act (FEMA). This is considered as the highest amount of seizure by the authority till date. The authority stated that the amount gets transferred out of India by Xiaomi in an unauthorised manner.
Tags: ED, Xiaomi India, Foreign Exchange Management Act, Chinese Companies, business
Xiaomi India Appoints Alvin Tse As General Manager For Operations
Xiaomi India has appointed Alvin Tse as General Manager for its operations in the country. Announced on June 3, the company also welcomed Anuj Sharma as Chief Marketing Officer, handling the company's brand and marketing strategy. Prior to joining Xiaomi India, Tse and Sharma were associated with Xiaomi Indonesia and POCO respectively. Moreover, the appointments came when the company is facing legal challenges by the DRI for evading import… read-more
Tags: Xiaomi India, Mobile, Alvin Tse, Anuj Sharma, operations, INDIAN MARKET
Courtesy: NDTV Gadget 360
Xiaomi Launches 6,000mAh-Battery Phone Redmi 9 Power In India
Chinese mobile-giant Xiaomi has launched the Redmi 9 Power in India on December 17. Powered with 6,000mAh battery and 128GB storage, the mobile comes in the black, blue, red, and green variants. The 6.53-inch full HD+ display phone is also equipped with Qualcomm’s Snapdragon 662 processor and has a 48-megapixel camera. Starting at Rs 10,999, Xiaomi will begin sale from December 22 via Amazon India and its official website.
Tags: Redmi, Xiaomi India, Redmi 9 Power, Technology
Courtesy: Hindustan Times
Xiaomi Smartphones Worth Rs 2 Crore Ransacked from Lorry
Xiaomi Smartphones were looted from a lorry in Chittoor, near the Tamil Nadu - Andhra Pradesh border on August 25. The lorry was carrying the phones to Mumbai before the driver was assaulted and taken to an isolated place where the theft happened. The company officials estimated that the stolen phones were worth Rs 2 crore. The lorry driver Irfan was taken under custody by the police for investigation. … read-more
Tags: Xiaomi India, Andhra Pradesh, robbery
Redmi Launches Note 9 Pro in India; Specs, Price
Redmi Note 9 Pro is set to go on sale in India from August 18 at 12 pm. Note 9 Pro can be purchased through Amazon and Mi's official website. The device offers two colour options; Interstellar Black and Aurora Blue. The 4GB + 64GB variant is priced at Rs 13,999 and the 6GB + 128GB variant is priced at Rs 16,999. Note 9 Pro also comes with a 5,020mAH large battery.
Tags: Redmi, Amazon.in, India, Xiaomi India
Courtesy: Gadgets NDTV