According to Muralikrishnan B, president at Xiaomi India, around 35 per cent of the non-semiconductor bill of materials (BoM) for smartphones is currently being locally sourced.
FEMA violation of $5,551 crore, the Enforcement Directorate issued a show-cause notice to Xiaomi Technology India, CFO Sameer Rao, its former MD Manu Jain, and 3 banks. According to the officials, the notice relates to illegal remittances made by the company totaling $5,555.27 crores.
The Enforcement Directorate (ED) on Friday said that the Adjudicating Authority has issued showcause notices to Xiaomi Technology India Private Limited, its officials and three banks under the relevant provision of the Foreign Exchange Management Act (FEMA) on the basis of a complaint filed by the probe agency in connection with illegal remittances made by the company to the tune of Rs 5,551.27 crore.
Three Chinese technology brands, OPPO, Vivo and Xiaomi, have joined hands to allow users to transfer data between their devices to take on the growing Apple's market share in the country, the media reported on Friday.
India saw 44.6 million smartphone shipments in the third quarter this year, a 6 per cent decline from the previous year dragged by a lacklustre low-end segment.
Determined to reach the remotest of areas in the country and address the needs of customers by making technology more accessible to all, the company will also be creating employment opportunities for 200+ families, thereby fostering entrepreneurship across India.
Motorcomm's business scope includes technology development, industrial automation, automobiles, consulting, and other technical services as well
The phone’s high processing power and excellent display make for a great gaming experience.
The deal happens as the company gears up to enter the electric vehicle market
The new Mi 100W Wireless Charging Stand is almost identical to the older Mi 80W Wireless Charging Stand
