Sunday, May 8, 2022

Xiaomi accuses ED of 'physical violence' threats during forex probe, agency calls charges baseless

Xiaomi has been under investigation since February and last week the Indian agency seized $725 million lying in the company's India bank accounts, saying it made illegal remittances abroad "in the guise of royalty" payments.

from Tech-Economic Times https://ift.tt/HUnu1fv

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US server maker Super Micro is eyeing India manufacturing unit

Super Micro Computer is exploring setting up a server manufacturing unit in India and is in talks with several state governments for it, acc...