Tuesday, July 5, 2022

In ED’s Rs 5500-crore forex violation case, Xiaomi India tells Karnataka HC 84% was payments to US

Nearly 84 per cent of Rs 5,500 crore of royalties given to foreign companies by Xiaomi Technology India Private Limited has gone to the US mobile technology firm Qualcomm Inc for use of patented technology, the Chinese cellphone firm argued in the Karnataka High Court on Wednesday in a plea against a foreign exchange violation […]

The post In ED’s Rs 5500-crore forex violation case, Xiaomi India tells Karnataka HC 84% was payments to US appeared first on Gadgets Village.

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