The competent authority appointed under Section 37A of the Foreign Exchange Management Act (FEMA) on Friday confirmed the seizure order of Rs 5,551.27 crore passed against Chinese phone maker Xiaomi India Private Limited
However, the Chinese major has expressed its inability to manufacture 5G smartphones under Rs 10,000 in India in the near future.
In her written reply, the finance minister said a show cause notice demanding Rs 4403.88 crore has been served on Oppo Mobiles India Ltd. based on the investigation conducted by the Directorate of Revenue Intelligence (DRI).
Xiaomi and few other Chinese mobile manufacturing companies were raided by the Income Tax Department in December last year on charges of tax evasion.
Global smartphone brand Xiaomi which has maintained top position in the smartphone shipments in India for 17 consecutive quarters, is fast losing market share in India and since Q1 2020, it has shed 8 per cent market share amid rising competition and supply chain constraints.
Beijing: Chinese smartphone maker Xiaomi has unveiled its flagship smartphone “Mi 11” in the global market through a virtual event that features Qualcomm Snapdragon 888 5G mobile platform, making it one of the first smartphones to come with this processor. The smartphone comes in two storage variants — 8GB+128GB and 8GB+256GB at Euro 749 and […]
Hong Kong: The US government has blacklisted Chinese smartphone maker Xiaomi Corp. and China’s third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trumps last week in office. The Department of Defense added nine companies to its list of Chinese companies with military links, including Xiaomi and state-owned plane […]
New Delhi: After cementing its position in the Indian smart TV market, Xiaomi’s Mi brand is all set to enter the premium segment with launching a fully ‘make in India’ 55-inch QLED TV on December 16, a top company executive revealed on Monday. Mi Smart TVs continue to be the best-selling devices for the nine […]
New Delhi: TECNO, the global premium smartphone brand of Transsion Holdings, is preparing to launch a new budget smartphone in the SPARK series that is expected to give a stiff competition to Xiaomi’s Redmi Note 8A Dual and Realmes C2 and C11. The teasers floated by TECNO on its official social media handles speak of […]
New Delhi: South Korean major Samsung became the second largest smartphone brand with 26 per cent market share in India in the second quarter (April-June period) which is its highest share in the past two years, a new report said on Friday. Amid stuttering supply for some major Chinese brands and the anti-China sentiment, Samsung […]
New Delhi: Despite asserting that anti-China sentiment was mainly limited to social media, Xiaomi, it appears fearing a backlash amid the India-China stand-off, has begun covering its retail store branding with the Made in India logo in white colour, the All India Mobile Retailers Association (AIMRA) said on Thursday. The action came after the association […]
Beijing: Chinese handset maker POCO, which Xiaomi spinned off as a standalone brand earlier this month, is ready to launch its POCO X2 smartphone on February 4 with a high refresh rate and liquid cooling technology. An image showing the bottom of the phone seems to suggest the POCO X2 will be similar to the […]
Bengaluru: Xiaomi on Wednesday announced that it has generated employment for over 50,000 individuals in India. This has been built over the last five years since 2014 – and comprising of partners from manufacturing, after-sales, offline sales, logistics and corporate employees. “In 2014, when we began our journey – it was a one-person team where […]
Shenzhen: Chinese smartphone makers OPPO, Vivo and Xiaomi on Thursday partnered to expand the peer-to-peer transmission alliance in the global market, while also welcoming more Android smartphone brands to join the movement. “This three-brand partnership aims to bring the millions of OPPO, Vivo and Xiaomi users across the world effortless and more user-centric file-sharing. This […]
Beijing: At the 2019 China Mobile Global Partner Conference, Xiaomi’s CEO, Lei Jun, said that the all Xiaomi smartphones with a price tag above $285 (2000 Yuan) will be 5G phones. He also added that they plan to announce at least 10 5G affordable phones in the first half of the year, news portal GizmoChina […]
Beijing: Chinese smartphone manufacturer Xiaomi has patented a foldable smartphone with five pop-up camera setup. According to the patent, Xiaomi’s foldable phone has an outward-folding screen and depending on how a user holds it, the five cameras can either be rear cameras or front-facing cameras, news portal GizmoChina reported on Sunday. The sketches of the […]
Beijing: Chinese smartphone manufacturer Xiaomi has recently released some images of its upcoming smartwatch on its official Weibo account and the device looks similar to the design of the Apple Watch. The upcoming Xiaomi smartwatch features almost-identical rectangular touchscreen face with rounded corners and a look-alike rotating ridged crown button for scrolling, which is also […]
Bengaluru: Xiaomi claims to have sold over 12 million devices during the festive sales between September 28 and October 29. It translates to a 40 per cent growth over the last year’s festive sales. “The festive season has always been the biggest shopping season for Xiaomi and we work hard celebrate it with our Mi […]
New Delhi: Budget smartphones have always been popular in India, and now Chinese handset maker Xiaomi has launched Redmi Note 8 with four rear cameras at an affordable price for the price-conscious Indian market. Xiaomi’s Redmi Note 8 has good specifications which will give some tough competition to rivals Realme and Vivo in the budget […]
Bengaluru: Xiaomi on Thursday announced that it has achieved a record-breaking sale of over 5 lakh Mi TVs in 24 days starting September 28. According to the company, this milestone is achieved across Diwali With Mi on mi.com, Flipkart, Amazon and all offline channels. Mi TV is the highest-selling TV on Amazon and Flipkart during […]