Karnataka HC declines relief to Xiaomi, company says India operations ‘effectively halted’

Karnataka HC declines relief to Xiaomi, company says India operations ‘effectively halted’

An Indian court on Thursday declined to lift a freeze on Xiaomi Corp’s $676 million worth of assets, even as the Chinese smartphone group said this enforcement action had “effectively halted” its operations in its key Indian market. India’s federal financial crime agency, the Enforcement Directorate, froze 55.51 billion rupees of Xiaomi assets in April, […]

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Xiaomi India names COO Muralikrishnan B as President of the company

Xiaomi India names COO Muralikrishnan B as President of the company

Xiaomi India today announced the promotion of Muralikrishnan B from Chief Operating Officer (COO) to President of the company. It is worth noting that he was serving as the COO since 2018. According to Xiaomi, in his new role as President, he will be responsible for day-to-day operations, services, public affairs, and strategic projects, “and […]

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Xiaomi accuses Indian agency of ‘physical violence’ threats during probe

Xiaomi accuses Indian agency of ‘physical violence’ threats during probe

Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of “physical violence” and coercion during questioning by India’s financial crime fighting agency, according to a court filing seen by Reuters. Officials from the Enforcement Directorate warned the company’s former India managing director, Manu Kumar Jain, current Chief Financial Officer Sameer B.S. Rao, […]

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