The seized amount is lying in the bank accounts of Xiaomi Technology India Pvt Ltd, which started its operations in India in 2014 and started remitting the money in 2015.
A report by Lithuania's defence ministry noted that a censorship feature in Xiaomi's Mi 10T can be switched on remotely while a security flaw was flagged in a Huawei phone.
India's online transactions surged during pandemic as traditional lenders turned cautious following rise in bad debt. Experts estimate digital lending to treble to $350 billion by 2023.
In 'Xiaomi', Jayadevan P.K. chronicles how the company built a cult following & went from a Chinese start-up to a global player in the smartphone market.
Published by Harper Collins, 'Xiaomi: How a Start-up Disrupted the Market and Created a Cult Following’ by Jayadevan P.K will be released on 15 April on ‘SoftCover’.
The lawsuit came after the Defense Department determined earlier this month that China’s biggest smartphone maker was affiliated with the People’s Liberation Army
Xiaomi's ban comes as a surprise as US so far has been banning Chinese firms with military links, for the stated purpose of protecting national security.
The 34% jump in Xiaomi's third-quarter revenue was driven mostly by troubles at Huawei, which has been hit by US sanctions. Its internet business also remains lackluster.
The top-selling smartphone brand in the country is starting a travelling store, which will cover a specific route and stop in places, including weekly haats, or street fairs.
Currently the world’s fourth-largest smartphone brand, Xiaomi launched an Mi 10 Ultra that comes packed with 120x zoom system nestled in a large multi-camera array and a super-fast 120W charger.
Delhi must see opportunity in the new envoy, to be prepared for hurdles, yet be forward-looking and free of preconceived notions that could spoil any chances of a breakthrough.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Mhow: The Navy is committed to synergising its command control, communications and combat capability with the Indian Army and the Indian Air Force with...
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
COMMENTS