Seeks Archives - Page 2 of 2

Mi Stores in India: Xiaomi Seeks Exemption From Local Sourcing Norms

April 11, 2016 SrijitaExemption, From, In, India, Local, Mi, Norms, Seeks, Sourcing, Stores, Xiaomi

Chinese mobile device maker Xiaomi has sought complete exemption from the mandatory 30 percent local sourcing norms for opening single brand retail stores in India. “The company has sought permission from the Department of Industrial Policy and Promotion (DIPP)for opening single brand retail trading (SBRT) in India. They also want exemption from the mandatory local sourcing norms,” sources said. When contacted about the matter, the company said: “We have filed an application for SBRT but would be unable to share more details as it is still at a nascent stage.”…

Oracle Seeks $9.3 Billion in Damages From Google: Report

March 31, 2016 Srijita9.3, Billion, Damages, From, Google, In, Oracle, Report, Seeks

Global software and cloud major Oracle has sought $9.3 billion (roughly Rs. 61,873 crores) from search engine giant Google over software copyrights infringement, a media report said. Oracle claims that it should receive $475 million (roughly Rs. 3,160 crores) in damages in addition to $8.8 billion (roughly Rs. 58,546 crores) relating to “profits apportioned to infringed Java copyrights”, Fortune reported, quoting IDG News Service. Citing court documents, the report said the two companies have been at odds over whether Google improperly used so-called APIs (application programming interfaces) related to the…