manu kumar jain

Smartphones have become more than just a communication tool. They are used for entertainment, watching online videos, browsing the internet and more. From a 5 year old children to young adults and…

Xiaomi's global vice president and former head of its Indian arm Manu Kumar Jain announced his resignation on Monday after about nine years stint at the company. The development comes amidst the ongoing legal tussle between the Enforcement Directorate (ED) and Xiaomi over the alleged violation of the Foreign Exchange Management Act (FEMA) by the company."Change is the only constant in life! Last 9 years, I'm lucky to have received so much love that it makes this goodbye so difficult. Thank you all. The end of a journey…

“Last 9 years, I’m lucky to have received so much love that it makes this goodbye so difficult. Thank you all. The end of a journey also marks the beginning of a new one, full of exciting opportunities,” Jain tweeted, as he shared a statement on his exit on social media.Change is the only constant in life!Last 9 years, I’m lucky to have received so much love that it makes this goodbye so difficult. Thank you all. ❤️The end of a journey also marks the beginning of a new one, full of exciting opportunities. Hello to a new…

Xiaomi has locked horns with India's financial crime fighting agency, the Enforcement Directorate, since it froze $670 mn of the company's bank assets. Indian investigators have alleged Chinese smartphone maker Xiaomi Corp's India unit misled its banker Deutsche Bank AG for years by claiming it had an agreement for payment of royalties when it had none, legal documents showed.Xiaomi has locked horns with India's financial crime fighting agency, the Enforcement Directorate, since it froze $670 million of the company's…

Xiaomi's India chief Manu Kumar Jain has released another teaser for its upcoming Redmi device launch in India, and this time the video teaser suggests that it may not be a phone. The teaser gives us glimpses of the device, leaving us more confused than before, and the caption suggests more power and a ‘suave design'. All of this leads us to speculate that Xiaomi could be launching a new power bank under the Redmi series in India. It could also be teasing a completely new product category like a Bluetooth speaker, or may…

Xiaomi is set to launch the Redmi Smart TV in India on March 17, and has teased that the television will have an ‘XL Experience' suggesting that it will be available only in big-screen variants with 4K HDR screens. On Thursday, certain features of the TV series were teased by Xiaomi India MD Manu Kumar Jain, and the TV is expected to be the company's most affordable big screen TV yet in India. The new television follows the Mi QLED TV 4K, which was launched in December priced at Rs. 54,999 for the single 55-inch…

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,…

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…