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Page 6 - Vivo

Smartphone maker Vivo India reports net profit of Rs 211 crore in FY23

Vivo India has reported profits at a time when the overall smartphone industry has seen a 10% decline in shipments

Smartphone maker Vivo India reports net profit of Rs 211 crore in FY23
Updated On : 20 Dec 2023 | 4:38 PM IST

Vivo case: Notice to Tihar officials on Lava MD's plea against jail shift

ED recently arrested Chinese national Guangwen Kuang, Lava International's MD Hariom Rai Nitin Garg and Rajan Malik under a different section of the Money Laundering Act

Vivo case: Notice to Tihar officials on Lava MD's plea against jail shift
Updated On : 17 Dec 2023 | 4:57 PM IST

As phone makers become 'exports first', they seek a competitive tax regime

The phone industry told govt that 99% of mobile phones sold in India are produced locally. For companies to grow, they need exports

As phone makers become 'exports first', they seek a competitive tax regime
Updated On : 08 Dec 2023 | 10:09 AM IST

Vivo PMLA case: Court to decide on taking cognisance of charge sheet on Wed

A Delhi court will consider on December 13 whether to take cognisance of the charge sheet filed against Chinese smartphone maker Vivo-India and others in a money laundering case. The charge sheet was filed under criminal sections of the Prevention of Money Laundering Act before Special Judge Kiran Gupta, who on Thursday posted the matter for consideration on December 13. According to sources, the Enforcement Directorate (ED) has accused Vivo-India of cheating the Union government through an an intricate network it had set up in the country. Four individuals -- the MD of Lava International mobile company, Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik - have been named as accused the prosecution complaint (ED's equivalent of a charge sheet). All the accused are currently in judicial custody. Advocate Nitesh Rana, appearing for Rai before the court on Thursday, termed the case as frivolous and said there was no eviden

Vivo PMLA case: Court to decide on taking cognisance of charge sheet on Wed
Updated On : 07 Dec 2023 | 8:02 PM IST

ED files first charge sheet against Chinese smartphone maker Vivo, others

The Enforcement Directorate filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker vivo and some others, official sources said on Thursday. The prosecution complaint has been filed before a special court here on Wednesday under the criminal sections of the Prevention of Money Laundering Act (PMLA) and vivo-India has been named an accused apart from those arrested in this case, the sources told PTI. The federal probe agency arrested four persons, including the MD of the Lava International mobile company Hari Om Rai, in this investigation. The others who were taken into custody were Chinese national Guangwen alias Andrew Kuang, Chartered Accountants Nitin Garg and Rajan Malik. The ED had then claimed in its remand papers before a local court here that the alleged activities of the four enabled vivo-India to make wrongful gains that were detrimental to the economic sovereignty of India. It had raided vivo-India and its linked person

ED files first charge sheet against Chinese smartphone maker Vivo, others
Updated On : 07 Dec 2023 | 12:44 PM IST

Govt concerned about Chinese firms' low share in smartphone exports

Companies like Xiaomi, Oppo, Vivo, and Realme together account for a dominating 74% share of the Indian mobile phone market in terms of volumes. However, their share of exports stands at only 14%

Govt concerned about Chinese firms' low share in smartphone exports
Updated On : 30 Nov 2023 | 11:57 AM IST

iQOO 12 to boot Android 14-based OS out of the box: Expected specs and more

Vivo's sub-brand iQOO has announced that it would launch the iQOO 12 smartphone in India on December 12

iQOO 12 to boot Android 14-based OS out of the box: Expected specs and more
Updated On : 27 Nov 2023 | 10:50 AM IST

Vivo PMLA case: Delhi Court extends judicial custody of accused till Dec 7

he four accused are -- Lava International MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, Chartered Accountants Nitin Garg and Rajan Malik

Vivo PMLA case: Delhi Court extends judicial custody of accused till Dec 7
Updated On : 23 Nov 2023 | 4:43 PM IST

Vivo PMLA case: Delhi court seeks ED's response on Lava MD's bail plea

A court here on Saturday sought a response from the Enforcement Directorate on an application filed by the MD of Lava International Company seeking bail in a money-laundering case against Chinese phone-maker Vivo. Special Judge Tarun Yogesh issued a notice to the ED on the application filed by Hari Om Rai and directed the central probe agency to file its reply by November 29, when the court will further hear the matter. The court passed the direction after hearing arguments from Advocate Nitesh Rana, who, appearing for the accused, claimed that since Rai was not required for further custodial interrogation, no purpose will be served by keeping him in custody. "Accused has no role in money laundering and in the schedule offence. He is just an entrepreneur," Rana told the judge. Rai was arrested last month with a few others under the provisions of the Prevention of Money Laundering Act. The ED has alleged that Vivo "illegally" transferred Rs 62,476 crore to China in order to avoid .

Vivo PMLA case: Delhi court seeks ED's response on Lava MD's bail plea
Updated On : 18 Nov 2023 | 3:24 PM IST

Qualcomm announces Snapdragon 7 Gen 3 with built-in AI capabilities

For AI capabilities, Qualcomm says the new processor's Hexagon NPU (Neural Processing Unit) provides 60 per cent more performance per watt compared to the previous generation chipset

Qualcomm announces Snapdragon 7 Gen 3 with built-in AI capabilities
Updated On : 17 Nov 2023 | 1:41 PM IST

Vivo PMLA case: Court extends judicial custody of 4 accused till Nov 23

A court here on Thursday extended the judicial custody of four accused, including the managing director of Lava International mobile company and a Chinese national, till November 23 in a money laundering case against Chinese smartphone maker Vivo. Additional Sessions Judge Devender Kumar Jangala passed the order on an application moved the Enforcement Directorate. The four arrested are: Hari Om Rai, the MD of Lava International, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik. Defence advocate Nitesh Rana opposed the ED's application for extension of their judicial custody, saying it cannot be done "mechanically and automatically. There must be application of mind," Rana told the court. The anti-money laundering agency had raided the company and people linked to it in July last year and claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. The ED had then alleged a whopp

Vivo PMLA case: Court extends judicial custody of 4 accused till Nov 23
Updated On : 09 Nov 2023 | 7:51 PM IST

iQOO 12 with Qualcomm Snapdragon 8 Gen 3 set to launch in India on Dec 12

iQOO on November 1 announced through a post on X (formerly Twitter) that the iQOO 12 smartphone would launch in India on December 12

iQOO 12 with Qualcomm Snapdragon 8 Gen 3 set to launch in India on Dec 12
Updated On : 01 Nov 2023 | 3:23 PM IST

Vivo Y200 smartphone with 64MP OIS camera launched in India: Price, specs

Priced at Rs 21,999 onwards, the Vivo Y200 is available for purchase with introductory offers on Vivo India e-store, Amazon India and Flipkart

Vivo Y200 smartphone with 64MP OIS camera launched in India: Price, specs
Updated On : 23 Oct 2023 | 1:38 PM IST

Vivo PMLA case: Court sends Lava MD, Chinese national to judicial custody

A court here on Wednesday sent Lava International MD Hari Om Rai and Chinese national Guangwen Kuang to judicial custody till October 30 in a money laundering case against Chinese smartphone maker Vivo. Additional Sessions Judge Devender Kumar Jangala, however, extended by two days the custodial interrogation of co-accused Nitin Garg. The court passed the order on an application moved by the Enforcement Directorate. The three accused were produced before the court on completion of their ED custody granted earlier. They were arrested under the provisions of the Prevention of Money Laundering Act (PMLA). The smartphone company has denied the allegations. Vivo has constantly denied the allegations. We will pursue necessary and appropriate legal recourse, a company representative said in a statement. The ED had raided the Chinese company and individuals linked to it in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Ind

Vivo PMLA case: Court sends Lava MD, Chinese national to judicial custody
Updated On : 18 Oct 2023 | 7:16 PM IST

Vivo V29 Pro review: Design-oriented smartphone with novel camera features

With its price tag of Rs 39,999, the Vivo V29 Pro is not without flaws, but it presents a good option in the premium midrange segment for those seeking novel camera features in a slender form factor

Vivo V29 Pro review: Design-oriented smartphone with novel camera features
Updated On : 17 Oct 2023 | 12:29 PM IST

Vivo PMLA case: Delhi court extends ED custody of accused by two days

A court here on Monday extended by two days the ED custody of three people, including Lava International MD Hari Om Rai, arrested in a money laundering case against Chinese smartphone maker Vivo. Additional Sessions Judge Devender Kumar Jangala extended the custody of Lava mobile company's managing director Rai, Nitin Garg and Chinese national Guangwen Kuang till October 18, saying the Enforcement Directorate (ED) was able to make out the case for grant of further custody remand. The accused were produced before the court on completion of their ED custody granted earlier. There appears to be continuity in the stand taken by Enforcement Directorate with regard to extraction of digital data and the accused persons to be confronted with the same. Therefore, considering the settled principles of law and Delhi High Court Rules, I am of the considered opinion that the Enforcement Directorate is able to make out the case for grant of further custody remand, the judge said. The court direc

Vivo PMLA case: Delhi court extends ED custody of accused by two days
Updated On : 16 Oct 2023 | 11:00 PM IST

Vivo created "elaborate" network of firms to cheat authorities: ED

The probe agency also said that employees of Vivo and its Indian affiliates concealed their employment with the Chinese firm when seeking visas

Vivo created "elaborate" network of firms to cheat authorities: ED
Updated On : 13 Oct 2023 | 8:53 PM IST

Vivo PMLA case: Court extends ED custody of accused by three days

The Enforcement Directorate (ED) on Friday sought extension of the custody of four people arrested in a money laundering case against Chinese smart phone maker Vivo, including the managing director of Lava International mobile company and a Chinese national, by 10 days. Additional Sessions Judge Devender Kumar Jangala had on October 10 sent the accused to ED's custody for three days. The four accused- Hari Om Rai, the MD of Lava International company, Chinese national Guangwen alias Andrew Kuang, and Chartered Accountants Nitin Garg and Rajan Malik- were produced in the court on Friday on expiry of their custody. The prosecution sought extension of their custody so they could be interrogated further. It said they had to be confronted with 13 witnesses and digital data from multiple devices had to be extracted. The defence counsel opposed the agency's plea, claiming the ED was engaging in "flagrant violation of procedures". The court is expected to pass an order on ED's applicatio

Vivo PMLA case: Court extends ED custody of accused by three days
Updated On : 13 Oct 2023 | 6:24 PM IST

India accuses China's Vivo of visa violations, siphoning off $13 bn

"Many employees of Vivo group companies worked in India without appropriate visas," the agency said in the filing

India accuses China's Vivo of visa violations, siphoning off $13 bn
Updated On : 12 Oct 2023 | 3:22 PM IST

Vivo V29, V29 Pro smartphones with curved displays launched: Price, specs

Both the Vivo V29 and V29 Pro sport a 6.78-inch two-side curved display of 1.5k resolution and up to 120Hz refresh rate

Vivo V29, V29 Pro smartphones with curved displays launched: Price, specs
Updated On : 04 Oct 2023 | 3:36 PM IST