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.
Chinese mobile handset brand Xiaomi has launched a probe after a Redmi Note 4 smartphone reportedly exploded in the pocket of a user in East Godavari district of Andhra Pradesh on Tuesday. The owner of the smartphone, Bhavana Suryakiran, reportedly suffered serious injuries due to the explosion. The smartphone company said it has contacted Suryakiran […]
Bengaluru: Chinese electronics company Xiaomi on Thursday launched two new smart TVs and entered the home audio category with an Mi soundbar. The two TVs — Mi LED TV 4X PRO (55-inch) and Mi LED TV 4A PRO (43-inch) — will be available for Rs 39,999 and Rs 22,999 respectively, starting January 15, the company […]
New Delhi: Three smartphone players — Xiaomi, Samsung and Realme — captured 57 per cent of the Indian festive sales volumes as smartphone sales in the Diwali season (October 9-November 8) grew 26 per cent year-on-year (YoY) compared to the same period last year, a new report said on Wednesday. According to market research firm […]
San Francisco: Apple dominated the global wearables market in the second quarter of 2018 with a total share of 17 per cent as the market ticked up 5.5 per cent, an International Data Corp (IDC) report said on Wednesday. Cupertino-based Apple maintained its top position in the wake of continued demand for its LTE-enabled Watch […]
New Delhi: Smartphone users in India were left confused on Monday after global market research firm International Data Corporation (IDC) crowned Xiaomi with a market share of 29.7 per cent and placed Samsung in the second spot with 23.9 per cent share in the second quarter of 2018. Earlier, three market research firms — Hong […]
New Delhi: Chinese smartphone maker Xiaomi on Thursday said its “Redmi Note 5” series has crossed 5 million sales in India within 4 months. “‘Redmi Note 5’ and ‘Redmi Note 5 Pro’, including all variants for both smartphones, have gained massive popularity and received huge love from Mi fans,” the company said in a statement. […]
New Delhi: After media reports surfaced last week that Chinese smartphone makers Xiaomi and Coolpad have locked horns over patents, the latter on Monday confirmed that it has sued three group firms of Xiaomi for several patent infringements. Coolpad subsidiary Yulong that filed the fresh suit, demanded that Xiaomi should immediately stop production, offerings on […]
Beijing: As it prepares to file an initial public offering (IPO) in Hong Kong, Xiaomi has been named in a patent dispute in China by its rival Coolpad for three successful smartphone models — Mi Mix 2, Redmi Note 5 and Redmi 5 Plus. In a regulatory filing, Hong Kong-listed Coolpad’s Yulong unit has initiated […]
New Delhi: Xiaomi has once again topped the Indian smartphone market, with two global market research firms on Tuesday reporting an over 31 per cent market share for the Chinese smartphone maker — a whopping 155 per cent annual shipment growth — in the first quarter of 2018. According to Hong Kong-based Counterpoint Research, Xiaomi […]
New Delhi: Xiaomi continued to lead the Indian smartphone market with 31.1 per cent market share while Reliance Jio topped the feature phone market with a massive 35.8 per cent share in the first quarter of 2018, a new report has said. Xiaomi was the leader with 25 per cent market share in Q4 of […]
LIVE TV
