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Name | Symbol | Market | Type |
---|---|---|---|
Ericsson | NASDAQ:ERIC | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.13 | -2.52% | 5.02 | 5.03 | 5.09 | 5.12 | 5.02 | 5.08 | 11,216,316 | 00:21:11 |
By R. Jai Krishna
NEW DELHI--An Indian court has halted the imports of handsets from China's largest smartphone maker, Xiaomi Inc., in response to a complaint from Sweden's Ericsson that the Chinese firm was using Ericsson's technology but refusing to pay royalties.
The High Court of Delhi said Xiaomi products wouldn't be allowed into India and Xiaomi's main distributor, online retailer Flipkart, wouldn't be allowed to sell Xiaomi products as the court waits to hear Ericsson's complaint.
Court documents showed that the next hearing on the case is scheduled for Feb. 5.
Gillian Wong contributed to this article.
Write to R. Jai Krishna at krishna.jai@wsj.com
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