Nvidia stock has been getting obliterated over the past few weeks, as it's now 25% off the March high. Will it continue lower? Read More...
Reuters
India agency summons former Xiaomi head in investigation -sources
India’s federal financial-crime fighting agency has summoned a former India head of China’s Xiaomi Corp in an investigation of whether the company’s business practices conformed with Indian foreign exchange laws, two sources with direct knowledge told Reuters. The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi’s former India managing director, to appear before its officers, the sources said. Jain, now a global vice president at Xiaomi based out of Dubai, was currently in India, the sources said, though the purpose of his visit was not clear.
Add Comment