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Microsoft plans to invest $2 billion in Jio PlatformXiaomi to foray into laptop huawei t3 10 custodia market to cater to cover iphone x xs work from home demandCash strapped government to fast track 4 lakh crore of 4G spectrum saleTelecom gear makers seek consultation on proposed production linked incentive schemeVivo India to gradually increase production to Soft Silicone Case Cover Rubber address pent up smartphone demandNokia Chennai factory resumes production after a temporary suspensionDoT extends minimum rollout compliance deadlines to Sept 30, offering iPhone 6 6s 7 8 plus phone cases Cute relief to Jio, Airtel, Vodafone IdeaMukesh Ambani cover huawei custodia cover samsung S8 p8 lite 2015 prepares Facebook backed Jio Platforms for overseas IPOBharti Telecom raises Rs 8,433 croresNEW DELHI/MUMBAI: Tougher scrutiny of foreign investment in India has soured the plans of China’s smartphone manufacturers seeking to expand beyond adc: iPhone11Pro Disney Winnie-the-Pooh selling hardware for a bigger share of the South Asian country’s cover huawei p8 original competitive financial services custodia huawei p10 lite amazon market.Xiaomi and Oppo, with more than 100 million in combined smartphone users in India, cannot directly lend to consumers without a shadow banking licence and have partnered with Indian financial companies to provide the funds for services offered on their platforms.Xiaomi in December launched its online lending service MiCredit in India, connecting users with Indian lending firms to access small custodia cover iphone 6 plus loans. By the end of 2019, its platform had disbursed loans worth $16.5 million.Oppo iPhone 6 Plus & 6S Plus Powder Glitter introdued a similar financial services model Oppo Kash in March.The Chinese phone brands, however, are keen to establish their own non banking financial company (NBFC) which will help improve margins by allowing cover huawei p30 pro amazon them to directly sell financial products to their pool of smartphone users, people familiar with their plans said.That is because India’s new foreign direct investment (FDI)rules add another layer in an approval process already incumbered by red tape, vikings cover huawei p8 lite 2017 a lack of transparency and worries that Chinese investors are encroaching into Indian businesses.The Reserve Bank of India (RBI) has been cautious about issuing such approvals after the near collapse of one major lender cover huawei p8 lite plastica in 2018, and it may now go even slower.In April, the government said it would monitor FDI from custodia cover samsung S10 companies based in neighbouring countries, in what was widely seen as a move to keep Chinese firms from taking stakes in distressed local businesses amid the coronavirus crisis. China has called the rules “discriminatory”.For Xiaomi and Oppo both of which sources say have been waiting for around a year to get an NBFC approval from the RBI the policy comes when India’s smartphone shipments are likely to decline by 10% this year due to the coronavirus led slowdown.Xiaomi and Oppo did not respond to a request for comment.Before tighter scrutiny of foreign direct investment was announced, would be investors only sought RBI approval for a shadow banking licence.Now, it will be a two step process for those from the neighbouring countries and approval will probably take longer to obtain, industry sources say.Alok Sonker, a partner at Indian law firm cover huawei p8 lite 2017 christmas Krishnamurthy Co, said the government needs to sign off on the initial capital infusion into an entity before it applies to the central bank for a licence.And even if the RBI were to grant an NBFC permit to those who cover huawei p20 pro tpu have already applied cover huawei p10 lite pirati such as Xiaomi and Oppo companies who raise funds from the neighbouring countries will face flip cover huawei p smart 2019 delays on their plans as these will need government approval,