Month: May 2022

Chinese smartphone maker Xiaomi 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 BS Rao, and
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US-based technology industry body ITI, having global tech firms such as Google, Facebook, IBM and Cisco as its members, has sought a revision in the Indian government’s directive on reporting of cyber security breach incidents. ITI said that the provisions under the new mandate may adversely impact organisations and undermine cybersecurity in the country. ITI
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An Indian court has put on hold a federal enforcement agency’s decision to seize $725 million (roughly Rs. 5,570 crore) from local bank accounts of China’s Xiaomi for suspected violations of foreign exchange laws, two sources told Reuters on Friday. The Enforcement Directorate last week seized the bank assets of Xiaomi Technology India Private Limited,
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Prominent Chinese billionaires, including Lenovo group founder Liu Chuanzhi, and the President of Didi Chuxing, Liu Qing have cleared their Weibo accounts and only made content from the last six months visible, local media reported. Weibo is a Chinese microblogging platform and is widely used in China as an alternative to Twitter, which is inaccessible in
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