Manu

A Financial War is coming.The blockchain revolution is coming. And it’s going to fundamentally change how businesses operate.Make no mistake… this revolution is at least as significant as the one brought about by the Internet. It will disrupt every single business on the face of the earth.And you won’t hear much about it in the mainstream media.“Blockchain” is one of those words that has the power to confuse even the smartest investors. And the media is completely clueless about how this technology actually works.Most…

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…