Photo: India Today

ED Issues Notice To Xiaomi For Violations In Foreign Exchange Law

The Enforcement Directorate (ED) issued show-cause notices to the Indian arm of Chinese mobile phone manufacturer Xiaomi, Notably, Xiaomi's chief financial officer and director Sameer B Rao, former managing director Manu Kumar Jain and three foreign banks were alleged for violations of the foreign exchange law to the tune of more than Rs 5,551 crores. The Adjudicating Authority (of the Foreign Exchange Management Act) has issued the notices… read-more

Sat, 10 Jun 2023 - 10:27 AM / by Varsha Joshi

Tags: Xiaomi, business, INDIAN MARKET, ED, Violation Notice


Photo: Business Standard

Xiaomi Reportedly Fires Over 900 Employees Amid Economical Crisis

Amid the economical crisis due to the Covid-19 pandemic, Xiaomi reportedly fired more than 900 employees. On August 21, local media reported that the Chinese smartphone manufacturer Xiaomi fired close to 3% of its workforce. The company reported a sharp decline in the second quarter revenue and to control the expenses and crisis, let go of the employees. However, Xiaomi has not yet made this confirmation.


Sun, 21 Aug 2022 - 08:45 PM / by Varsha Joshi

Tags: Xiaomi, Chinese Mobile, Work Force, Covid-19 Pandemic, Economic crisis

Courtesy: Zee News India


Photo: Siasat

Multiple Locations Connected To Chinese Mobile Phone Firms Raided By ED

Raids are being conducted by the Enforcement Directorate (ED) at numerous locations across the nation that are directly or indirectly related to Chinese mobile phone firms. More than 30 places have been investigated. ED is looking for Vivo and its affiliated businesses. Earlier, the Karnataka High Court had blocked an ED Foreign Exchange Management Act (FEMA) seizure of Xiaomi assets. 

Tue, 05 Jul 2022 - 02:35 PM / by Vidhi Jhunjhunwala

Tags: Enforcement Directorate, Raid, Chinese Mobile companies, Xiaomi, Karnataka High Court

Courtesy: India today

Xiaomi, Apple, Samsung

Photo: Gizmochina

Apple Tops List Of Most Popular Smartphones Sold Worldwide; Followed By Samsung, Xiaomi

According to Counterpoint's Global Monthly Handset Sales Tracker for April 2022, the top ten smartphone models, which included Apple, Samsung, and Xiaomi, accounted for 21% of the global smartphone market. Xiaomi's Redmi Note 11 LTE secured a place in the top ten of the list of the most popular smartphones sold worldwide. Samsung earned four spots on the list. Five of Apple's newest iPhone 13 models topped the list. 

Fri, 24 Jun 2022 - 01:06 PM / by Vidhi Jhunjhunwala

Tags: Apple, Samsung, Xiaomi, Smartphones, global list

Courtesy: Zee News

Xiaomi-ED Case

Photo: Legal Law

Karnataka HC Reserve Orders In Xiaomi-ED Case

The Xiaomi-Enforcement Directorate case was reviewed by the Karnataka High Court (HC) single-bench judge SG Pandit, and has reserved its judgment, on June 16. Notably, the Chinese firm Xiaomi filed a case against ED, after the agency seized Rs 5,551.27 crore from its bank accounts. The mobile company is facing violation charges of the provisions of the Foreign Exchange Management Act, not allowing the seized money to use for business.

Thu, 16 Jun 2022 - 01:05 PM / by Varsha Joshi

Tags: Xiaomi, Enforcement Directorate, Karnataka High Court, Legal, judgement


Photo: Xiaomi/Facebook

ED Slams Xiaomi Over 'Baseless' Allegations Of Threats

The Enforcement Directorate has strongly denied the allegations of threats of violence against Xiaomi employees and their families. The ED has also disputed the claims that it had recorded statements from Xiaomi's employees under coercion. On May 7, the ED issued a statement, insisting that it is a professional agency with "strong work ethics." In a May 4 filing before the Karnataka HC, Xiaomi had accused the ED of threats.

Sun, 08 May 2022 - 03:10 PM / by Varun Das

Tags: ED, Enforcement Directorate, Xiaomi, India, allegations

Courtesy: Hindustan Times

Redmi Note 11T 5G

Photo: My Smart Price

Redmi Note 11T 5G To Be Launched In Late Nov; Features & More

Redmi has announced that Redmi Note 11T 5G will be released in India on November 30. The basic variant of the Phone is expected to feature a 6GB + 128GB storage. It is tipped to come with a 6.6-inch full-HD+ display, a 50-megapixel primary and 16-megapixel selfie camera, and an octa-core MediaTek Dimensity 810 SoC. Besides, it may offer a 5,000mAh battery, supporting a 33W charger, as per reports.

Tue, 16 Nov 2021 - 10:17 AM / by Brijesh Goswami

Tags: Redmi Note 11T 5G, MediaTek Dimensity, Redmi, Xiaomi, Launch

Courtesy: NDTV Gadgets 360


Photo: Eminetra

Xiaomi To Produce Cars In 2024; Will Invest $10 B In Electric Cars

In the biggest development, Lei Jun, Chief Executive of Xiaomi on October 19 said it will start producing its own cars in 2024. This was posted on the verified Weibo account of a director in Xiaomi’s international marketing department. Reportedly, the company will also be investing $10 billion in the electric car section, in the upcoming 10 years. Besides, the company’s shares also increased by 5.4%.

Wed, 20 Oct 2021 - 04:00 PM / by Nehal Surana

Tags: China, Automobile, Electric Car, Xiaomi, Shares

Courtesy: Reuters


Photo: Bing

Xiaomi Surpasses Apple, Becomes 2nd Largest Smartphone Maker

The Chinese multinational phone maker Xiaomi has marked the second position in the world's smartphone market, covering 17% of the global market share, surpassing Apple, as per a report. While Apple owns 14% of the global share, Samsung occupies the first position by owning 19% of the world's smartphone market. Reportedly, Xiaomi shipped 83% more phones in Q2 2021 when compared to Q2 2020.

Sat, 17 Jul 2021 - 11:16 AM / by Manashaa Ganesan

Tags: Xiaomi, Smartphones, China Market, Apple, Samsung

Courtesy: The Verge

Electric Vehicle

Photo: The Next Web

Xiaomi To Enter Electric Vehicle Market, Plans To Invest $10 Billion

World's third-largest smartphone maker Xiaomi is all set to enter the electric vehicle market. Xiaomi, with an initial investment of $1.5 billion, aims to invest $10 billion in the next 10 years in a wholly-owned venture. Entering the market, the company will compete with leading rivals like Apple and Huawei. According to estimates, "new energy vehicles" will have a 20% share in total car sales in China by 2025. 

Wed, 31 Mar 2021 - 01:08 PM / by Nikita Thakur

Tags: Xiaomi, Electric Vehicles, China, Cars

Courtesy: BBC