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.
Both the Mi Note 10 and the Mi Note 10 Pro are the same phones except the Pro model packs more RAM and storage.
Mi Note 10 launch will begin at 11:30 am (4 pm IST). The event will be live-streamed on Facebook and Twitter.
Xiaomi's retail network is inclusive of all the single-brand retail outlets Xiaomi - Mi Home, Mi Studio and Mi Stores.
Mi Note 10 or Mi CC9 Pro, will come with six cameras—five rear and one front camera, with quad-LED flash and 5X optical zoom.
The watch is powered by MIUI OS and comes with a 3x3grid form-based stack.
