In an effort to revive its flagging domestic sector, India wants to prohibit Chinese smartphone manufacturers from selling products for less than 12,000 rupees ($150). This could hurt companies like Xiaomi Corp. According to those with knowledge of the situation, the initiative aims to drive Continue Reading
The Enforcement Directorate today denied allegations made by Xiaomi India that it was forced to give statements in an alleged illegal remittances case by the probe agency. “The allegations that the statement of Xiaomi India officials was taken under duress by the Enforcement Directorate (ED) are false and without merit. On several occasions, Xiaomi India […]Continue Reading