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.
For all its obvious blemishes, capitalism alone holds out the most creative and dynamic force that any civilization has ever discovered, wrote BP Godrej in 1980.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
This is the first major attack on central security forces since last November, when a CRPF jawan was killed and four were injured in an ambush in Jiribam on Manipur-Assam border.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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