Assets

Russian Industry and Trade Minister Denis Manturov said in April that Renault planned to sell its Russian assets for "one symbolic ruble" French automaker Renault has handed over its Russian assets to the Russian government, both parties announced Monday, marking the first major nationalisation since the onset of sanctions over Moscow's military campaign in Ukraine.…

India's financial crime fighting agency asked a court on Thursday to re-instate a freeze on $725 million (roughly Rs. 5,624 crore) in the Indian bank accounts of Xiaomi as it investigates fund transfers by the Chinese smartphone giant.The enforcement directorate had seized the money saying Xiaomi had illegally transferred funds abroad to three entities, including one in the Xiaomi group, describing them as payments "in the guise of royalty".But the high court in the southern state of Karnataka put that decision on hold…

India's Enforcement Directorate, a financial crime fighting agency, is investigating the Chinese company's business practices over suspected violations of Indian foreign exchange laws. Xiaomi was India's leading smartphone seller in 2021, with a 24 percent market share.…

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, saying it had found the company illegally remitted funds to three foreign-based entities, including one Xiaomi group entity, "in the guise of royalty" payments.Xiaomi had…

A typical modern household now owns several digital devices at any given point of time. Laptops, smartphones, digital cameras, and other devices help you consume and create content. These devices ship with limited memory, and you can't run them forever without offloading some data. But how do you back up all your data efficiently and securely? Do you need multiple hard drives? Today, we've got all the answers.Depending on your needs, you could invest in an external hard drive or set up a NAS drive to help you manage all…