The Enforcement Directorate (ED) has recently issued show-cause notices to Xiaomi Technology India Pvt Ltd, as well as its officials and three banks, under the Foreign Exchange Management Act (FEMA). The alleged violation involves foreign exchange transactions exceeding Rs. 5,551.27 crore. Continue reading “ED issues showcause notice to Xiaomi India for Rs. 5,551 crore FEMA Violation”
Manu Kumar Jain, Xiaomi India’s former CEO and Xiaomi Global Vice President, has resigned from the company. This follows his 9-year successful stint with the company. He used his Twitter handle to announce his resignation from Xiaomi Groups. Continue reading “Manu Kumar Jain leaves Xiaomi after 9 years”
Check out the new FoneArena Daily video that gives you a quick roundup of today’s technology news. Continue reading “iPhone SE could be manufactured in India, ZUK Edge 2 surfaces and more – FoneArena Daily”
