Global

The Enforcement Directorate (ED) has summoned the global vice president of Chinese mobile manufacturing company Xiaomi, Manu Kumar Jain, for questioning in a probe linked to alleged contravention of the foreign exchange law, officials said on Wednesday.The federal probe agency, according to sources, is investigating the company and its executives under the provisions of the Foreign Exchange Management Act (FEMA) linked to foreign remittances worth crores made over the last few years. Jain, the former India head of Xiaomi,…

Taiwan's Foxconn said on Monday it had partnered with Indian conglomerate Vedanta to make semiconductors in the South Asian country, as the electronics giant looks to diversify its business amid a global chip shortage.Foxconn, the world's largest contract electronics manufacturer and a major Apple supplier, has expanded into areas including electric vehicles (EVs) and semiconductors in recent years.In a statement, Foxconn said it had signed a memorandum of understanding with oil-to-metals group Vedanta to make…

Chinese mobile company Xiaomi global vice president Manu Kumar Jain on Wednesday could not appear before the Enforcement Directorate (ED) for questioning and requested more time to join the investigation.The Enforcement Directorate has summoned Jain, a former head of Xiaomi's India unit, in a case related to a violation of the provisions of the Foreign Exchange Management Act (FEMA). ED is investigating this case referred by Income Tax Department.Sources told ANI that Jain has expressed his unavailability to appear before…

Realme Book Prime is reportedly making its way to markets soon. The launch date is yet to be officially confirmed by the Chinese brand, but according to a fresh leak, the laptop ​will make its global debut in April — alongside India. The new Realme laptop is said to essentially be a rebadged Realme Book Enhanced Edition that was launched in China in January this year. The laptop packs an 11th Gen Intel Core H-series processor and features 16GB of RAM and 512GB of storage.Known tipster Mukul Sharma (@stufflistings), in…

Nokia has licensed its brand once again, but this time it's for a new line of laptops. OFF Global will manufacture and distribute Nokia PureBook Pro range of laptops for Finnish tech giant. Nokia PureBook Pro 17.3 and Nokia PureBook Pro 15.6 will be the first products to hit the markets. Both laptops will be powered by the 12th-gen Intel Core i3 CPUs paired with 8GB of RAM. Nokia PureBook Pro laptops will also run Windows 11 out-of-the-box.Nokia PureBook Pro 17.3, Nokia PureBook Pro 15.6 price, availabilityNokia PureBook…

Sony has finally confirmed the release dates for its revamped PlayStation Plus gaming subscription service for different global regions. It is planning to launch the new PlayStation Plus first in Asian markets, excluding Japan, which will get it later followed by the Americas and Europe (that includes India). Additionally, the Japanese tech giant has announced that it will be expanding cloud streaming access to a total of 30 countries — no India, sadly — by bringing in Bulgaria, Croatia, Czech Republic, Greece, Hungary,…

The ongoing Russia-Ukraine military conflict and the geopolitical and economic uncertainties are likely to further worsen the global semi-conductor shortage, Moody's Analytics said in a report on Friday.COVID-19 pandemic has caused shipping costs to skyrocket over 300 percent and will continue to be high due to the scarcity of new containers.According to Moody's Analytics analysis, Palladium and neon are two resources that are key to the production of semiconductor chips, and given that Russia supplies over 40 percent of…

Oppo A53s 5G has recently received the updated version of ColorOS 12 on the variants across India. The roll out comes a month after Oppo announced the release of the beta version for Indian users. For global users, Oppo may soon make an announcement on the future updates. The ColorOS 12 for Oppo A53s 5G, based on Android 12, can be downloaded through settings on the smartphone. To receive the update, users must ensure that their phone is currently on the latest version of ColorOS 11.Oppo A53s 5G ColorOS 12: How to…

The global PC market saw a decline of 5.1 percent in shipments during the first quarter of 2022, according to a report by International Data Corporation (IDC). Despite ongoing supply chain and logistical challenges, vendors still managed to ship 80.5 million PCs during the time. Meanwhile, the PC market is coming off two years of double-digit growth, so while the first-quarter decline is a change in momentum, it doesn't mean the industry is in a downward spiral. The Q1 2022 volume marks the seventh consecutive quarter…

The worldwide PC market saw a decline of 7.3 percent in shipments during the first quarter of 2022, which totalled 77.5 million units, according to preliminary results by Gartner. Reportedly, this time last year, the PC market registered its highest growth in decades, but this time it was a challenging quarter for the PC and Chromebook market to achieve growth, as per the report. Excluding Chromebooks, the worldwide PC market grew by a modest 3.3 percent year-over-year. The report, however, shows growth in business PCs…