ED Seizes Rs. 5,551 Crore of Xiaomi India in Alleged Foreign Exchange Violation Case

ED Seizes Rs. 5,551 Crore of Xiaomi India in Alleged Foreign Exchange Violation Case

ByNews Polite

Funds worth over Rs 5,551 crore of Chinese mobile manufacturing company Xiaomi India have been “seized” for violating the Indian foreign exchange law, the Enforcement Directorate said said on Saturday. The action has been taken against Xiaomi Technology India Private Limited. The company (also called Xiaomi India) is a trader…

Smartphone Shipments Globally Dip for Third Consecutive Quarter, Samsung, Apple Continue to Grow: Reports

Smartphone Shipments Globally Dip for Third Consecutive Quarter, Samsung, Apple Continue to Grow: Reports

ByNews Polite

Smartphone shipments globally dipped as much as 11 percent year-on-year in the first quarter of 2022, according to reports. This is the third consecutive quarter of annual decline by smartphone volumes in a row — amid component shortages that are impacting supplies in global regions. However, despite the dip in…

Xiaomi 12 Pro 5G, Xiaomi Pad 5, Xiaomi Smart TV 5A India Today: How to Watch Livestream, More

Xiaomi 12 Pro 5G, Xiaomi Pad 5, Xiaomi Smart TV 5A India Today: How to Watch Livestream, More

ByNews Polite

Xiaomi 12 Pro 5G, Xiaomi Pad 5, and Xiaomi Smart TV 5A are all set to launch in India today. The Xiaomi 12 Pro 5G was unveiled alongside the Xiaomi 12 and Xiaomi 12X in China in December last year and debuted in some global markets in March. Meanwhile, the…