Trends - Xiaomi - Business Recorder

Xiaomi

Ministry to hold meeting on mobile device manufacturing today

ISLAMABAD: The Ministry of Industries and Production will hold a mobile device manufacturing summit at a hotel here...

Published 24 Jan, 2023 06:06am

World

India court quashes tax dept’s $448mn block on Xiaomi’s deposits

NEW DELHI: An Indian court has quashed the income tax department’s block on China-based Xiaomi Corp’s fixed deposits...

Published 16 Dec, 2022 07:29pm

Technology

India to press Apple, Samsung for faster 5G software upgrades in phones

NEW DELHI: India’s government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling...

Published 11 Oct, 2022 02:12pm

World

India court declines relief to Xiaomi over $676mn asset freeze

BENGALURU: An Indian court on Thursday declined to lift a freeze on Xiaomi Corp’s $676 million worth of assets, even...

Published 06 Oct, 2022 07:10pm

Technology

India’s push for home-grown navigation system jolts smartphone giants

NEW DELHI: India is pushing tech giants to make smartphones compatible with its home-grown navigation system within...

Published 27 Sep, 2022 04:06am

Business & Finance

India considers restricting sale of sub-$150 phones by Chinese firms

NEW DELHI: India is seeking to restrict Chinese companies from its sub-$150 phone market in a bid to revive the...

Published 09 Aug, 2022 03:37am

Markets

China’s smartphone makers chip away at Samsung, Apple’s Russian market share

China’s market share in the Russian smartphone market jumped significantly in May as manufacturers like Apple and...

Published 09 Jun, 2022 07:17pm

Markets

Asian markets drop after Wall Street battering

HONG KONG: Asian markets posted losses Thursday, after Wall Street suffered one of its worst batterings in two years...

Published 20 May, 2022 05:15am

Business & Finance

India tax authority froze $478m of Xiaomi funds in Feb

NEW DELHI: Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China’s ...

Published 13 May, 2022 05:59am

Markets

India tax authority froze $478 million of Xiaomi funds in February: sources, document

NEW DELHI: Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China's Xiaomi...

Updated 12 May, 2022 06:52pm

Markets

India seizes $725 million in Xiaomi assets over illegal remittances

NEW DELHI: India said on Saturday it had seized $725 million from the local bank accounts of China's Xiaomi Corp...

Published 30 Apr, 2022 04:54pm

Technology

Xiaomi inaugurates smartphone manufacturing facility in Pakistan

Chinese smartphone manufacturer Xiaomi Technology has inaugurated its manufacturing facility in Pakistan with Air...

Published 04 Mar, 2022 04:18pm

Technology

Pakistan's Air Link to soon start Xiaomi smartphone production

Pakistan's Air Link Communication Limited on Monday announced that it is all set to commence production of Xiaomi...

Published 28 Feb, 2022 01:32pm

Technology

Tech firms flock to Spain trade show in shadow of Russia war

BARCELONA: One of the technology industry's biggest annual get-togethers is set to kick off in the Spanish city of...

Published 28 Feb, 2022 10:49am

Technology

Air Link announces distribution agreement with realme

Pakistan's Air Link Communication Limited on Tuesday announced that it has entered into the distribution agreement...

Published 28 Dec, 2021 03:17pm

Technology

Mobile phone manufacturing: PTA grants licence to Air Link's Select Technologies

Wholly-owned subsidiary will manufacture Xiaomi's smartphones

Published 30 Nov, 2021 12:58pm

Business & Finance

Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles

SHANGHAI: Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in...

Published 29 Nov, 2021 06:03am

Technology

Xiaomi partners with Air Link to manufacture smartphones in Pakistan

Development comes after Air Link last month announced that it will incorporate a wholly-owned subsidiary 'Select Technologies (Pvt) Limited'

Updated 01 Nov, 2021 08:01pm

Business & Finance

Xiaomi revenue surges 64%, prepares autonomous driving expansion

Sales reached 87.8 billion yuan ($13.56 billion), up from 53.54 billion
Xiaomi announced that it is acquiring autonomous driving startup Deepmotion for approximately $77.37 million

Published 25 Aug, 2021 05:31pm

Business & Finance

Pakistan to become more self-reliant in handset production: Fitch

Says entry of global smartphone manufacturers augers well for an import-dependent sector

Published 20 Aug, 2021 10:21am

Business & Finance

Samsung reports surge in profit on pandemic-led demand for chips

Operating profit increased 54.3 percent to 12.6 trillion won from 8.1 trillion won a year earlier, more than half of which came from the firm's semiconductor business

Published 29 Jul, 2021 10:11am

Business & Finance

Xiaomi plans to set up smartphone assembly unit in Pakistan

BEIJING: Xiaomi, the second biggest smartphone company in the world, is planning to set up its assembly unit in...

Published 26 Jul, 2021 05:21am

Technology

Xiaomi surpasses Apple in Europe due to Impressive Growth

Xiaomi has surpassed Apple in terms of market share in Europe.
Xiaomi now accounts for 23 percent share of the European region as compared to Apple's 19 percent and witnessed impressive 85 percent year-on-year growth in Europe as compared to Apple's 22 percent.

Updated 08 May, 2021 05:37pm

Markets

LG becomes first major smartphone brand to withdraw from market

Its decision to pull out will leave its 10pc share in North America, where it is the No. 3 brand, to be gobbled up by smartphone titans Apple Inc and Samsung Electronics.

Published 05 Apr, 2021 08:08am

Business & Finance

Xiaomi to invest $10bn in electric vehicles

BEIJING: Smartphone maker Xiaomi on Tuesday became the latest Chinese company to enter the burgeoning electric...

Published 05 Apr, 2021 03:56am

Business & Finance

China's smartphone maker Xiaomi to invest $10bn in electric vehicles

Global carmakers are pegging hopes on an increasingly electric future, with China at the forefront as a customer base and manufacturing hub.

Published 30 Mar, 2021 06:58pm

Technology

Samsung working on a double-folding phone to add to its foldable lineup

Samsung is working on a third foldable phone with double-folding after Galaxy Z Fold and Z Flip.
The new phone is expected to be revealed around the end of this year.

Updated 23 Mar, 2021 02:19pm

Technology

China's Xiaomi soars as US judge lifts it from backlist

The news sent shares in the firm surging 12 percent in Hong Kong morning trade Monday, having lost more than 40 percent since Trump's order.

Published 15 Mar, 2021 10:32am

Technology

US judge removes Xiaomi from Trump-era blacklist

WASHINGTON: A US judge on Friday ordered Chinese smartphone maker Xiaomi temporarily removed from a government...

Updated 14 Mar, 2021 10:29am

Markets

FTSE Russell says will delete Xiaomi from global indexes on US order

Xiaomi did not immediately respond to a request for comment.

Updated 05 Mar, 2021 03:17pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 5 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 5 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 5 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 5 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 5 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 5 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 5 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 5 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 5 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 5 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Volume
Hub Power Co. / Feb 5 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.00
Cnergyico PK / Feb 5 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.00
Dewan Motors / Feb 5 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.00
Gul Ahmed / Feb 5 Gul Ahmed Textile Mills Limited(GATM)	4,995,028 ▼ 0.00
WorldCall Telecom / Feb 5 Worldcall Telecom Limited(WTL)	4,832,816 ▼ 0.00
TRG Pak Ltd / Feb 5 TRG Pakistan Limited(TRG)	4,574,299 ▼ 0.00
Lotte Chemical / Feb 5 Lotte Chemical Pakistan Limited(LOTCHEM)	3,805,565 ▼ 0.00
K-Electric Ltd. / Feb 5 K-Electric Limited(KEL)	3,686,127 ▼ 0.00
Pak Petroleum / Feb 5 Pakistan Petroleum Limited(PPL)	3,499,066 ▼ 0.00
Nishat Chun.Pow. / Feb 5 Nishat Chunian Power Limited(NCPL)	3,492,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 3	277.17
USD PKR Interbank Buying / Feb 3	278.67
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
India Sensex / Feb 3	60841.88
Tokyo Nikkei / Feb 3	27509.46
Nasdaq / Feb 3	12006.96
Hang Seng / Feb 3	21660.47
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94

Item	Value
Crude Oil USD/Barrel / Feb 3	73.39
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Gold Spot USD/Ounce / Feb 3	1864.97
Cotton US¢/pound / Feb 3	85.43

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