Dixon Tech starts production of Xiaomi smartphones; stock hits all-time high
From its 52-week low of ₹2,555 on January 30, 2023, Dixon Tech stock has risen 136% in the last ten months to touch a new record high of ₹6,034.75 intraday today.
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Xiaomi to increase domestic value addition
Chinese company to make display modules, fingerprint sensor
Dixon Technologies to make Xiaomi phones in India; stock up 5%
Dixon proposes to partner with Xiaomi India to carry out the manufacturing and export of mobile phones of Xiaomi.
Karnataka HC declines relief to Xiaomi India in ₹5,551 cr asset seizure case
On September 30, the competent authority under the FEMA issued an order to seize Xiaomi India’s assets worth over ₹5,551 crore.
84% of ₹5,551 cr seized by ED was royalty payment to Qualcomm: Xiaomi
Xiaomi India says royalty payments to Qualcomm were made under legitimate commercial agreements.
Stop 'regulatory assault' on Chinese companies, says Global Times on Xiaomi India case
Uncertainty surrounding Xiaomi's regulatory predicament should raise a red flag for India, says Global Times.
ED seizes ₹5,551 crore in bank accounts of Xiaomi India
The seizure was made in connection with illegal outward remittances made by Xiaomi, says ED.
DRI says Xiaomi evaded ₹653 cr of customs
It was found during investigation that Xiaomi India was not adding the royalty and licence fees paid to Qualcomm and Beijing Xiaomi Mobile Software in the transaction value of the goods imported.
