HARI OM RAI
Delhi Election Winners List: BJP shatters AAP's hattrick dream with 48 vs 22 seats; check full list of winners
Delhi Assembly Election 2025 Result: The Bharatiya Janata Party (BJP) emerged victorious in the Delhi Assembly elections, winning 48 out of 70 seats and ending the Aam Aadmi Party's (AAP) consecutive term. BJP's prominent leaders Kailash Gahlot and Vijender Gupta secured wins, while AAP managed only 22 seats.
Delhi HC grants bail to former Lava MD Hari Om Rai in money laundering case
The Delhi High Court granted bail to former Lava International MD Hari Om Rai, who was arrested in October 2023 in a money laundering case linked to Vivo Mobile Communication China. Rai had been in custody for over a month, and the trial was still in the early stages. The court noted that the trial could take a long time, with 48 accused, 527 witnesses, and thousands of documents.
Former Lava MD Hari Om Rai gets bail in money-laundering case
The Delhi High Court granted bail to former Lava International MD Hari Om Rai, arrested in a money-laundering case involving Vivo Mobile. The court cited the ongoing documentation stage of the trial and the unlikelihood of its conclusion in the near future as reasons for granting bail.
Vivo PMLA case: Delhi HC seeks ED stand on Lava MD Hari Om Rai's bail plea
The Delhi High Court has sought the Enforcement Directorate's response to a bail plea by Hari Om Rai, MD of Lava International, who was arrested in a money laundering case involving Vivo. The ED claims that Vivo-India's activities led to significant wrongful gains and economic harm to India.
Local smartphone maker Lava rejigs board
Lava International has restructured its board, elevated leadership members, and added two independent directors. The move follows co-founder Hari Om Rai's resignation from the board following the Vivo money laundering case. The company plans to raise Rs 500-600 crore in the next fiscal, aiming to challenge Chinese domination in the smartphone market.
Delhi HC grants interim bail to Lava MD Hari Om Rai in money laundering case
The Delhi High Court granted interim bail for three months to Hari Om Rai, MD of Lava International mobile company, in a money laundering case related to smartphone-maker Vivo. The decision was made due to Rai's life-threatening heart disease, allowing him to seek treatment at the hospital of his choice.
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Delhi court dismisses bail plea of Lava MD in Vivo money laundering case
The court dismissed the bail application of Hari Om Rai, the managing director of Lava International Company, in a money laundering case against Vivo. The judge stated that Rai's medical reports did not indicate any urgent medical attention or risk to his life. Rai has received treatment for all his ailments while in judicial custody, including his heart ailment. Rai's counsel clarified that he had no involvement with Vivo since 2014. Rai and others were arrested under the Prevention of Money Laundering Act for alleged illegal transfer of funds to China to evade taxes in India.
Delhi court reserves order on bail plea of Lava MD in Vivo money laundering case
Senior advocate Vikaram Chaudhari and advocate Nitesh Rana, appearing for Rai, told the court that he has several medical ailments, and due to these, "keeping him in jail might be disastrous".
PMLA case: Delhi court extends ED custody of 3 Vivo-India executives by 1 day
The federal agency had earlier arrested four people -- mobile company Lava International's MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik -- in the case. They are in judicial custody at present. The ED had filed a charge-sheet against the four in a special PMLA court in Delhi.
Vivo PMLA case: Court issues fresh notice to Jail Superintendent to file medical report of Lava International MD
The Managing Director of Lava International, Hariom Rai, has recently filed a bail petition in trial court citing medical grounds. The plea also stated that the allegations made against him were false and absurd. He has no direct or indirect control over Vivo's business, nor has he derived any monetary benefit, nor has he engaged in any transaction with Vivo or any entity allegedly related to Vivo, let alone having been associated with any alleged 'proceeds of crime'.
Had nothing to do with China's Vivo or its representatives since 2014: Lava MD to Delhi court
The accused MD of Lava International Company Hari Om Rai, arrested in a money laundering case against Chinese phone-maker Vivo, made the submissions through his lawyer before Special Judge Tarun Yogesh during the hearing of his bail application. The judge on Wednesday posted the matter for further hearing on December 4.
Vivo PMLA case: Delhi Court extends judicial custody of Chinese national, others till Dec 7
A Patiala House Court of Delhi extended the custody of Lava International MD and three others by 14 days in a money laundering case involving Chinese phone-maker Vivo. Denying allegations, Vivo vowed legal action, while the accused, including Lava International MD Hari Om Rai, face continued custody over the ongoing investigation.
Vivo PMLA case: Delhi court seeks ED's response on Lava MD's bail plea
Special Judge Tarun Yogesh issued a notice to the ED on the application filed by Hari Om Rai and directed the central probe agency to file its reply by November 29, when the court will further hear the matter.
Lava elevates Sunil Raina as interim Managing Director following Hari Om Rai's arrest
Raina, who has been serving as the President and Business Head of the mobile phone brand since the past five years comes with an experience of more than two decades having worked extensively in marketing, strategy, product development, communications, sales and distribution functions.
Vivo case: Lava MD Rai, Chinese national Kuang, others sent to judicial custody
Hari Om Rai, the managing director of Lava International, and Chinese national, Andrew Kuang, have been sent to judicial custody till October 30 in a money laundering case related to Vivo India and its group companies. The court also granted further remand for Nitin Garg, while the fourth accused, chartered accountant Rajan Malik, was sent to judicial custody till October 16.
Vivo case: Court extends ED custody of Lava International MD Hari Om Rai by 2 days
A Delhi court has extended the custody of Hari Om Rai, the managing director of Lava International, by two days in a case of alleged money laundering involving smartphone company Vivo. The court also granted the Enforcement Directorate (ED) two more days of custody for questioning Chinese national Guangwen alias Andrew Kuang and chartered accountant Nitin Garg. The ED has accused Vivo of illegally transferring Rs 62,476 crore of its revenues to China to avoid taxes in India.
Morale of mobile manufacturing industry at all-time low: ICEA on Lava MD arrest
ED raided Vivo and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.
Vivo set up network of companies to cheat authorities: Enforcement Directorate
The ED has claimed that to give effect to their “evil designs” at least “30 Chinese individuals entered India using business visa with the intent to work as employees in Vivo companies. Though they worked for Vivo companies in India, they never disclosed Vivo companies as their employer in their visa applications”.
Vivo PMLA case: Delhi court sends four accused to 3-day ED custody
The federal agency arrested Chinese national Guangwen Kyang aka Andrew Kuang under relevant provisions of the Prevention of Money Laundering Act (PMLA). It also arrested Lava International managing director Hari Om Rai; another company executive Rajan Malik; and chartered accountant Nitin Garg.
Sebi returns Lava International's draft IPO papers; asks to refile with updates
Capital markets regulator Sebi has returned the draft IPO papers of Lava International and asked the home-grown mobile maker to file documents again with certain updates. The move might delay the company's initial public offering (IPO).
Handset PLI timeline extension to help achieve all goals: Lava Chairman
Lava is one among the 16 companies approved under the PLI scheme and aiming to double its manufacturing capacity, from 2 million smartphones plus 3 million feature phones per month. It though did not meet its targets for 2020-21 owing to the pandemic and global supply chain disruptions, among other factors.
Homegrown Lava plans to file DRHP by June-end; Chinese shareholder to dilute holdings post IPO
China’s Unic Memory Technology Company Ltd., a Tsinghua group company which holds 3.3 per cent share in Lava, is likely to sell at least part of its stake along with some employees.
Lava pips Intex, Micromax to be largest local handset brand
The handset maker is also looking to acquire a design company for around $20 million besides raising $100 million for expansion by end of 2016.
Lava rolls out ‘learn-and-earn’ scheme for youth seeking employment in rural areas
Rural youth “will be trained at the company's Noida manufacturing unit for up to three years”, Lava International chairman Hari Om Rai told ET.
Lava set to double factory budget to Rs 1,200 crore
One of the key areas where it will add employees is manufacturing. “We already have hired 586 employees for manufacturing,” Rai said.
LAVA names Sanjeev Agarwal as manufacturing head
"Sanjeev will play a key role in providing fillip to company’s plan of starting a manufacturing unit in India," the company in a statement said.
Lava targets revenues of over Rs 6,200 crore in FY15
Lava, which aims for 2.5 mn monthly sales by June- July, is targetting to achieve 8-10% of the revenue market share in smartphone segment.
Lava aims to be a billion dollar company by March 2015
Handset maker Lava aims to achieve a turnover of $1 billion by the end of March 2015 and also plans to start manufacturing in India in the next few years.
5-inch screen size emerges winning category in India's crowded smartphone market
Says Hari Om Rai, co-founder Lava, a domestic handset maker, “Buyers see more value in a 5-inch smartphone rather than a smaller or a bigger screen.”
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