Search

News

India smartphone market sees 2% growth in Q1 amid supply issues
... Wednesday. In Q 1 of 2022, a total of 38 million smartphones were shipped in India, just 2 per cent more than last fiscal, as the leading vendors suffered from intermittent supply issues, according to Canalys Smartphone Analysis . According to the report, Xiaomi retained first place in the Indian market with 8 million shipments despite another quarter of sequential decline. Samsung came in second with 6.9 million units, while realme delivered the most vigorous growth among the top five vendors, with shipments ...
Updated: 04/21/2022
Start-ups in the news for layoffs, say VC
... start-ups are in the news for a round of cutbacks - Meesho, Trell, among others. A whole host of start-ups are in the news for a round of cutbacks - Meesho, Trell, among others. Of late, many cases of founder fraud are also emerging - BharatPe of course, Xiaomi and Zilingo as well as to name a few. These companies are backed by big investors like Softbank , Sequoia and others who are cleaning up their Asian table. Softbank 's Masayoshi Son told the top leadership of the group to go slow with tech ...
Updated: 04/14/2022
Amazon.com names Freevee streaming service
The new name will take effect on April 27th, the company said in a news release. Xiaomi The retailer said the streaming service will expand its original programming by 70% in 2022, with spinoffs of shows such as Bosh. The new name will take effect on April 27th, the company said in a news release. The retailer said the streaming ...
Updated: 04/14/2022
Ex-India head of Xiaomi questioned by ED in front of agency
... management Act FEMA has been amended over the last few years, and the federal probe agency is looking into foreign remittances worth crores of rupees made over the last few years, according to reports from the news agency PTI . The former India head of Xiaomi , Jain, was questioned about the India operations of the company, and his statement was recorded at ED 's Bengaluru zonal office. Since February this year, ED has been under investigation by the ED and Jain has been asked to appear before officers....
Updated: 04/13/2022
India's coal production up 8.5 per cent to 777.23 MT in FY22
Coal minister Pralhad Joshi said the country's coal production increased by 8.5 per cent to a record 777.23 million tons MT in FY 22. Coal minister Pralhad Joshi said the country's coal production increased by 8.5 per cent to a record 777.23 million tons MT in FY 22. The statement assumes significance due to reports of coal shortages due to rising demand for electricity with the onset of the summer season. In the previous fiscal, India's coal sector achieved a record production of 777.23 MT...
Updated: 04/13/2022
ED summons former Xiaomi chief Manu Jain for ongoing probe into foreign exchange violations
The Enforcement Directorate ED summoned former head of the Xiaomi Corporation, Manu Jain, for an ongoing investigation related to an alleged violation of foreign exchange laws. The Enforcement Directorate ED summoned former head of the Xiaomi Corporation, Manu Jain , for an ongoing investigation related to ...
Updated: 04/13/2022
Ex-India head Manu Jain summoned for investigation into Xiaomi's foreign exchange practices
... former India head Manu Jain for an investigation. The Enforcement Directorate ED India's federal financial-crime fighting agency has summoned former India head Manu Jain for an investigation. According to Reuters, the investigation is about whether Xiaomi 's business practices are in line with India's foreign exchange laws. Since February this year, Xiaomi , a Chinese company, has been under investigation by the ED and Jain has been asked to appear before officers. Jain is currently the global ...
Updated: 04/13/2022
Ex-Xia’s former India chief summoned by Indian authorities
Two sources with direct knowledge told Reuters that India's federal financial-crime fighting agency summoned a former India head of China's Xiaomi Corp in an investigation into whether the company's business practices conformed with Indian foreign exchange laws. Two sources with direct knowledge told Reuters that India's federal financial-crime fighting agency summoned a former India head ...
Updated: 04/12/2022
Sort by relevance | Sorted by date