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Xiaomi accuses ED of “serious consequences”



Xiaomi India, a mobile phone company, has made serious allegations that it threatened to inflict bodily harm if the ED did not respond during questioning. Xiaomi filed its case in the Karnataka High Court on May 4. Reuters reported on this. There has been no immediate reaction from the ED.

Manu Kumar Jain, former CEO of Xiaomi India, and Sameer B., current CFO, said: S. Said that Rao and his family would have to face serious consequences. Jain and Rao were arrested by the ED, threatened with career damage, complicity in crime and physical violence.”

However, Xiaomi officials declined to comment, saying the case was in court. Jain and Rao also did not respond to questions posed by the router. Jain is currently the vice president of Xiaomi International Group. Jain is credited with Xiaomi’s success in India. In 2021, Xiaomi accounted for 24% of the Indian smartphone market. Xiaomi has a total of 1,500 employees in India.

In particular, Xiaomi claims that its transactions are legal and claims that it has not paid any taxes. On Thursday, the court heard Xiaomi’s lawyers. Following this, the court temporarily suspended the action to freeze the ED’s bank accounts. The next hearing is set for May 12.

What exactly is the case?

In January, Xiaomi was accused of evading import duties worth Rs 653 crore. Following this, the ED launched an investigation into illegal remittances in February. The company was accused of sending money from India to China on behalf of the royals. The ED also alleged that the money was sent to companies from which Xiaomi did not receive any services.

Even after setting up mobile phone manufacturing plants in India, Chinese mobile companies continue to benefit companies owned by their parents in China through money laundering and bogus royalties, the ED said. On Saturday, the ED seized assets worth Rs 5,551.27 crore from Chinese smartphone maker Xiaomi Technology India Pvt Ltd for violating the Foreign Exchange Management Act (FEMA).

According to the ED, the amount seized by Xiaomi was in the company’s bank accounts. In February of this year, the ED launched an investigation into the company’s illegal remittance service. In April, Xiaomi’s global vice president, Manu Kumar Jain, was questioned on the matter.

According to a statement issued by the ED, the company started operations in India in 2014 and started sending remittances via remittance from 2015. The company sent foreign currency worth Rs 5,551.27 crore to three foreign institutions as royalties. . Including the Xiaomi Group. Large sums of money were sent through royalties at the behest of the original group in China. The money sent to the other two US-based entities was also indirectly diverted for the ultimate benefit of the Xiaomi group.

Explanation given by the company.

Xiaomi India has given an explanation behind ED’s action. The company says: “As a brand committed to India, all of our work is done in strict compliance with Indian rules and regulations. We have carefully studied the orders of government officials. We believe that our royalty payments and statements are completely accurate and valid.

Also Read: Analysis: Why Did ED Seize Rs 5,551 Crore From Xiaomi? Will this affect consumers?

Xiaomi has paid royalties for the licensed technology and IP used in the Indian version of our products. Payment of royalties is the legal business agreement of Shaomi India. “We are working with committed government officials to remove any confusion,” the company said.

Will it affect Xiaomi customers?

Xiaomi India has millions of customers in India. These customers will not be affected by ED’s action against the company. According to media reports, the government is encouraging Chinese companies to use local resources. The government wants Chinese companies to take over all services in India, instead of relying on their subsidiaries abroad, so that business here can prosper. The government is also tightening rules on foreign investment due to tensions on the border with China.

2022-05-07 13:59:42

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Jabra deal from Jio: 28 days internet for just Rs 26; know the details




Jabra deal from Jio: 28 days internet for just Rs 26; know the details

Telecom company Reliance Jio has come up with a cheap recharge offer for its Jio holders.

Jabra deal from Jio: 28 days internet for just Rs 26;  know the details
Geo offers cheap top-ups for Geo holders (Photo: pratinidhic)

Mukesh Ambani’s telecom company, Reliance Jio, has been gaining ground in the market since the beginning with its affordable recharge plan. The company has a number of recharge plans in its portfolio that are available at a lower price with more benefits. In fact, Geo has divided the recharge plans for smartphone users and Geo phone users into different categories. This makes it easier for users to choose the plan that is right for them. If you are a Geophone user, today we will tell you about a plan that costs only Rs 26 and also offers many benefits. Tell us about this cheap Geo recharge.

JioPhone cheap plan

If you are using Geophone and looking for cheap Geo recharge then we will let you know about Geo new Rs 26 cheap plan. The Rs 26 Geo recharge comes with 28 days of total validity and 2 GB of data. However, only Geophone users can take advantage of this plan. Other smartphone owners will not be able to take advantage of this.

Rs 26 Geo Plan Benefits

The company has included this plan in the list of Geophone additional recharge plans. In this plan, users will not receive SMS or call along with validation and data. Users can top up on the Geo site or My Geo app to take advantage of this plan.

Website title: Jios jabra offers 28 days internet for just 26 rupees know the gps details

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Apple will soon launch its own search engine to compete with Google; know the detailsapple's own search engine

2022-06-07 09:44:55

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Apple will soon launch its own search engine to compete with Google; know the details




Apple will soon launch its own search engine to compete with Google; know the details

Apple will soon launch its own search engine to compete with Google.

apple's own search engine
Apple has not provided any information about this search engine. (Photo: Indian Express)

You may have heard of premium smartphone brands such as smartphones, tablets, and laptops. But did you know that now Apple will bring a completely new and unique service! According to reports, Apple will launch its own search engine in the near future to compete with Google. Today we are going to learn more about it.

As mentioned above, Apple is working on a search engine that will compete with Google. There is no search engine today that can beat Google. But now Apple seems to be against Google. It will be a new user-centric ERB search engine that could launch in January 2023.

Whatsapp has taken important steps to increase user security; New features will help

Apple has not provided any information about the search engine, but some of the leaked information has come to light. Tech blogger Robert Scoble has outlined a number of ice products and services that Apple will launch at its WWDC 2023 event. This includes Apple’s new search engine. Robert Scoble says that his information is based on sources and his estimates.

Why write CE on the back of electronic products? Discover

Although Apple’s new search engine may launch in January, Apple’s WWDC 2023 event is coming soon. Apple may also reportedly release the latest iOS 16, iPad OS 16, WatchOS, and MacOS 13 software updates alongside the MacBook Air at the event. The iPhone 14 series will also launch in September this year.

Website title: Apple will soon launch its own search engine to compete with Google know the details pvp

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Indian Railways Update: Changes to IRCTC website and app ticket booking rules, find out the new rulingTrain ticket reservation rule

2022-06-07 06:38:27

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Indian Railways Update: Changes to IRCTC website and app ticket booking rules,




Indian Railways update: IRCTC website and app ticket booking rules changes, find out the new decision

There is good news for those who travel by train. Indian Railways announced the rules for online ticket booking on Monday. Do you know what the New Testament is?

Train ticket reservation rule
(file photo)

IRCTC Ticket Reservation: There is good news for those who travel by train. Most people use IRCTC to book train tickets online. Previously, only 6 tickets could be reserved from one IRCTC user ID. As a result, passengers traveling in groups found it difficult to reserve tickets for more than six people. But don’t worry now. The ticket reservation limit has been doubled to 12. Indian Railways announced the rules for online ticket reservation on Monday.

The number of train tickets booked through the Indian Railway Catering and Tourism Corporation (IRCTC) website and app has been increased. This means that more tickets can now be booked online with an ID than ever before. Passengers have been greatly relieved by the change in the rules regarding the reservation of train tickets. This will allow passengers to book more tickets now.

Read more: It won’t get worse after falling into the water! ‘Hey’ smartwatch launched in India with calls, battery will last 14 days

Additionally, users using an Aadhaar-linked user ID will now be able to book 24 tickets per month instead of 12. The base of one of the booked passengers must also be verified with IRCTC ID.

The Ministry of Railways had recently tweeted from its official Twitter account advising people not to carry too much luggage while traveling on trains. In announcing the new rules, the railways had said that, like air travel, train passengers will also have to pay for more baggage.

Read more: Competition between Reliance Jio and Airtel: free unlimited data, calls and OTT apps for a month

Benefits those who travel a lot
This new decision by the railways will benefit travelers who travel by train more frequently. Previously, due to the lower limit, users could not book tickets from the app or website, but with the introduction of the new limit, more tickets can be easily booked from the IRCTC app or IRCTC website.

After the end of the ticket reservation fee, most train passengers were reserving tickets through the train window. But now the ticket booking fee for linked Aadhaar ID has been increased from 12 to 24. This means that passengers will now be able to book tickets whenever they want with their user ID and they won’t have to go to the ticket window or to the train agent.

Website title: Irctc ticket booking railways increase online ticket booking limit by one month. Check full prp details

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It won’t get damaged even after falling into the water! ‘Hey’ smartwatch launched in India with calls, battery will last 14 dayshonor-watch-GS-3

2022-06-06 14:18:57

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