Tag: Executives

  • Xiaomi Executive Hints at Early Announcement of Xiaomi 14 Ultra before its Launch

    Xiaomi Executive Hints at Early Announcement of Xiaomi 14 Ultra before its Launch

    Xiaomi 14 Ultra Launch Timeline

    Rumors have been circulating about the release of the Xiaomi 14 Ultra, but no official announcement has been made yet. However, a recent Weibo post from a company executive suggests that the launch might be happening soon.

    Earlier reports indicated that the Xiaomi 14 Ultra was expected to launch towards the end of the first quarter of 2024, possibly in March. However, with the upcoming MWC 2024 (Mobile World Congress) event, there is a possibility that Xiaomi might choose to unveil its latest flagship smartphone at this major conference. The MWC event is scheduled to take place from February 26th to 29th.

    Before any official announcements, Xiaomi Group President and Partner, Lu Weibing, hinted at plans to introduce a new smartphone that would offer a strong photography experience. Considering the Xiaomi 14 Ultra is expected to bring improvements in camera technology, it is likely that he was referring to this particular model. Recently, there was a tip that revealed the camera module and image sensor specifications of this upcoming flagship phone.

    Furthermore, a wireless Camera Kit accessory, designed to enhance photography, was spotted on China’s 3C certification. It was also seen on BIS, confirming its availability in India. There have been rumors circulating about cutting-edge features and even an under-display camera for selfies. As more information becomes available, we will provide updates.

    Stay tuned for more updates on the Xiaomi 14 Ultra as we await official announcements and further details about this highly anticipated smartphone.

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  • Executives of Vivo India Granted Bail in Money Laundering Allegations

    Executives of Vivo India Granted Bail in Money Laundering Allegations

    Three Executives of Vivo India Granted Bail in Money Laundering Case

    Three executives of Vivo India, a Chinese smartphone maker, have been granted bail by a Delhi court in a money laundering case. The court found their detention to be illegal due to a procedural error but imposed certain conditions on their release.

    Arrest and Bail Conditions

    The executives, including interim CEO Hong Xuquan, CFO Harinder Dahiya, and consultant Hemant Munjal, were arrested by the Enforcement Directorate (ED) on December 21st. However, they argued that they were actually arrested on December 21 and not on December 22, as recorded by the ED. This discrepancy led the court to declare their custody unlawful, as they should have been produced before a judge within 24 hours of their arrest. As a result, the court ordered their release on bail, requiring each executive to pay a bond of Rs 2 lakh.

    Conditions Imposed

    Despite granting bail, the court recognized the concerns raised by the ED regarding the possibility of tampering with evidence or influencing witnesses. To address these concerns, the court imposed a condition that the executives must report to the agency daily until January 3rd. The ED intends to challenge the bail order after the Delhi High Court resumes session in the new year.

    Background on the Case

    The case against Vivo India is part of a larger investigation into alleged money laundering. The ED alleges that the company illegally transferred a significant amount of Rs 62,476 crore to China in order to evade taxes, which has had a negative impact on India's economic sovereignty. The agency conducted raids on Vivo India and its associates in July 2023, leading to the arrest of four individuals, including the three executives who have now been granted bail.

    The investigation into the alleged money laundering by Vivo India is still ongoing. The ED is hopeful of appealing the bail decision, while Vivo India is expected to defend itself against the accusations. This case has significant implications for both the technology sector and financial regulations in India, and will continue to be closely monitored.

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