Tag: xiaomi india

Xiaomi India has been reducing the headcount steadily since the start of the year.(File)
Posted in Business

Xiaomi India staff cut to below 1,000 amid govt scrutiny, market slump: Report

Xiaomi India is slashing its workforce to less than 1,000 employees as part of a restructuring process, the Economic Times (article beyond paywall) reported on…

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A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai,(REUTERS)
Posted in Business

ED issues showcause notice to Xiaomi India, 3 banks for alleged FEMA violations

The Enforcement Directorate on Friday said it has issued showcause notices to Xiaomi Technology India Pvt Ltd, its officials and three banks under the Foreign…

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