The global smartphone manufacturer Xiaomi recently found itself in a rather embattled legal battle with the Indian Directorate of Enforcement (ED) over alleged violations of foreign exchange trade regulations. The Chinese smartphone manufacturer and its global investors were accused of bypassing the Foreign Exchange Management Act in order to bring investment into India. The battle…
Today, India’s Directorate of Enforcement has issued orders to search and inspect Chinese electronics maker Xiaomi’s offices in India. The orders were issued as part of an earlier investigation into Xiaomi’s alleged evasion of taxes. Xiaomi has been accused of using shell companies to conduct business in the country and routing goods through Hong Kong…
The Indian government has taken aim at Chinese electronics giant, Xiaomi, which is expanding into the Indian market. The Indian Directorate General of Anti-Dumping (DGAD) has carried out investigations into the company’s pricing structure and business model, and has determined that Xiaomi is engaged in “dumping,” or selling products in India below cost price. The…
Recently, India Directorate, an organization dedicated to bringing change in the lives of the Indian people, has announced that they have partnered with Xiaomi, Kalra & Reuters to help support the cause. The partnership will see Xiaomi, Kalra & Reuters contributing towards the development of the new Indian infrastructure, helping to make it competitive in…
