Vivo

The Enforcement Directorate, in its remand note, alleged that Rai was well acquainted with Malik.

Whether this Vivo incident can be well resolved will have a strong demonstration effect on a vast number of other foreign companies, said a commentary in the publication, adding that the issue has once again raised eyebrows among Chinese companies about the Indian market, given India's growing restrictions and investigations targeting Chinese companies this year.

GRAP Stage III bans all construction activities except those of national need or importance. Fines are being imposed by the State Pollution Control Board (PCB) on those found violating the rules. Vivo Mobile India Pvt Limited was fined by the Uttar Pradesh PCB for violating the GRAP rules by constructing its production unit in Sector 24 of Yamuna Authority.

The Indian government's push with multiple PLI schemes has been showing a positive impact and "we saw increased local manufacturing share in product segments like smartwatch, TWS, neckband and tablet", said Counterpoint Research.

Justice Yashwant Varma also directed the 14 entities of Chinese smartphone maker Vivo companies to provide the complete details in this regard to the ED in every 48 hours. The court said the petitioner companies maintaining a balance as was available on the day of freezing the individual bank accounts, the debit freeze order of ED can be modified.

Since April 2020, out of 382 foreign direct investment (FDI) proposals the central government received from Chinese firms, India approved only 80 as on June 29. "The number presents the increasingly difficult business environment facing Chinese investment and companies doing business in India," the report said.

If the Indian legislation system really fails them, it will be a huge loss to both sides, according to an opinion piece in Global Times. "For Chinese companies such as Vivo that have long contributed to the Indian economy and operate legally in the local market, legal weapons have become the last line of defense for these companies to continue their business in India," it read.

The Chinese national had intentionally provided address of Solan, Himachal Pradesh and Gandhinagar, Jammu, and one of the addresses was found to be a government building and of a senior bureaucrat. Chinese smartphone company Vivo's top executives, directors Zhengshen Ou and Zhang Jie, had fled from India via Nepal. The ED has learnt that the firm was involved in huge Hawala transactions.