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NEW DELHI, July 10 (Reuters) – India’s Mahindra & Mahindra (MAHM.NS) could consider investing in a battery-cell company to meet future electrification needs, its CEO said, after the company raised funds for its new electric vehicle (EV) unit at a $9.1 billion valuation. Mahindra on Thursday raised $250 million from […]
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India accuses Chinese phone maker Xiaomi of forex violations | Business and Economy News
India’s anti-money laundering agency took control of the bank accounts of Xiaomi Technology India, it said. India accused Xiaomi Corp. of breaching the country’s foreign-exchange laws and seized 55.51 billion rupees ($726 million) from a local unit of the smartphone maker, in India’s latest clash with a Chinese company over […]