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Home  Business

Business

India emerges as global iPhone hub as Apple boosts manufacturing amid global shifts

India emerges as global iPhone hub as Apple boosts manufacturing amid global shifts

  • Charminar’s warq craftsmen face hard times

    Warq making is a herculean task. For long hours, the workers sit pounding leather packets with hammers to make the flimsy silver or gold foils. Small pieces of silver and gold are purchased from local gold and silver merchants
  • Opinion: Softening inflation can spur growth

    However, summer heat poses high upside risks to food prices in addition to elevated geopolitical risks and tariff war
  • Six-member board to regulate payment systems in India, government to have a say in new Payments Regulatory Board

    In October 2018, RBI had released its ‘Dissent Note’ against having a regulator for payment systems outside the central bank
  • RBI to pay government record dividend of Rs 2.69 lakh crore for FY25

    The Reserve Bank of India had transferred Rs 2.1 lakh crore dividend to the government for the fiscal 2023-24. It was Rs 87,416 crore for 2022-23
  • Make iPhones in US or pay 25% import tax, Trump threatens Apple

    Apple, led by CEO Tim Cook, in response to Trump’s tariffs on China is looking to shift iPhone manufacturing to India as it adjusts supply chains
  • Ambani, Adani compete for North-East; announce big investments

    RIL chairman and managing director said his group will invest in setting up a 150-bed cancer hospital in Manipur. Adani committed to investing an additional Rs 50,000 cr over next 10 years in green energy, road construction and creating digital infrastructure in North Eastern states
  • Wipro Chairman Rishad Premji’s pay doubles in FY25 but is still less than CEO Srinivas Pallia

    Premji, in the fiscal year 2023-24, did not take any commission since the company’s incremental consolidated net profit for the year was negative, and took a pay cut of about 20 per cent
  • GMR Airports loss widens to Rs 253 crore in March quarter of FY25

    Delhi, Hyderabad and Mopa (Goa) airports are operated by entities that are part of GMR Airports Ltd. The company had a loss of Rs 168 crore in the year-ago period
  • Ola starts deliveries of electric motorcycles under Roadster X portfolio, worth Rs 10,000 for first 5,000 customers

    The prices of the Roadster X+ series start at Rs 99,999 for the 2.5kWh variant, Rs 1,09,999 for the 3.5kWh variant, and Rs 1,24,999 for the 4.5kWh model
  • Andhra Pradesh CM Naidu seeks Centre’s support for State’s renewable energy initiatives

    Naidu met three Union Ministers here and sought the Centre's support for the State's renewable energy initiatives, a defence manufacturing hub proposal and a major water transfer project.
  • Sensex jumps over 900 points

    After a flat start to the trade, the 30-share BSE benchmark gauge Sensex bounced back and jumped 953.18 points to 81,905.17 in late morning deals. The NSE Nifty surged 299.35 points to 24,909.05
  • Ashwini Vaishnaw calls for concerted action to build talent, capacity in support of ‘Viksit Bharat 2047’ mission

    Addressing a roundtable comprising industry leaders and academia here, Vaishnaw, urged stakeholders to accelerate the development of a future-ready workforce to drive India’s manufacturing growth
  • Piyush Goyal meets US Commerce Secretary in Washington to discuss proposed bilateral trade agreement

    Goyal held a meeting with Lutnick to expedite the talks on the first phase of the trade pact
  • Rupee falls 15 paise to 86.10 amid FIIs’ sell-off, rate cut speculation

    Forex traders noted that expectations of an RBI rate cut in the upcoming MPC meeting—driven by easing food and energy prices—are dampening short-term sentiment for the rupee, despite the potential for such a move to support long-term economic growth.
  • Sensex, Nifty rebound on IT stock gains; Asian market rally lifts sentiment

    Following a lacklustre opening, the 30-share BSE benchmark Sensex recovered and rose by 219.05 points to reach 81,171.04, while the NSE Nifty advanced 111.2 points to 24,720.90.
  • Bajaj Auto to take full control of KTM amid restructuring drive

    With this move, Bajaj will transition from being a significant minority investor to the majority owner of KTM, a global leader in premium off-road and street motorcycles
  • Accenture to promote 15,000 Indian employees in June

    Accenture is one of the largest employers in the Indian IT services sector, with over 3,00,000 staff
  • Samsung starts manufacturing its slimmest smartphone Galaxy S25 Edge in India

    Built on the Qualcomm AI chipset Snapdragon 8 Elite Mobile Platform, the device has been priced in the range of 1.09 lakh to Rs 1.22 lakh apiece 
  • Remain committed to supporting IndusInd Bank, says promoter Ashok Hinduja

    Accounting fraud plunges IndusInd Bank into a Rs 2,329-crore loss for the January-March quarter
  • Probing possible violations in IndusInd Bank case, says SEBI Chairman

    During a post-earnings call, IndusInd Bank’s board said it suspects certain employees involved in financial reporting and accounting may have committed fraud
  • Rupee trades flat amid weak dollar and high crude prices; Importer demand weighs

    Forex traders noted that the broad-based weakness in the dollar, with the DXY slipping to the 99 level, is likely to support the rupee in the short term. However, the shrinking yield gap between India and the US is diminishing the appeal of Indian assets.
  • Sensex crashes 746 points, Nifty below 24,600 as global cues, US debt concerns spook markets

    The 30-share BSE benchmark Sensex plunged 578.3 points to 81,018.33 in early trade, while the NSE Nifty dropped 203.45 points to 24,610.
  • Candere signs Shah Rukh Khan as brand ambassador

    The Indian jewellery industry is undergoing clear segmentation, with consumers increasingly seeking pieces that reflect their personality, says Candere Director Ramesh Kalyanaraman
  • Bharat Biotech’s oral cholera vaccine successful in clinical studies

    Study findings have been published in the Science Direct, Vaccine journal 126998 to assess a double-blind, randomised phase III clinical trial to evaluate safety, immunogenicity, non-inferiority and lot-to-lot consistency of single component oral cholera vaccine
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