Big Billion Days
Foxconn's Indian Investments Hit $10 Billion; Apple's Indian Operations Reach $23.5 Billion
Running parallel to an estimate for the same period, Apple's operations in India are pegged at USD 23.5 billion during FY24 itself, thereby cementing its status as one of the prime alternatives to China and Vietnam as far as manufacturing is concerned.
Foxconn's Indian Investments Surpass USD 10 Billion; Total Commitment Hits USD 1.4 Billio
Foxconn, one of Apple Inc.'s major suppliers, has pledged $1.4 billion to India so far, with more in the pipeline.
Foxconn to Put Up Battery Energy Storage System Unit in India
Liu said that Foxconn's information and communication technology segment has just now reached India.
Action to be Taken Against CEO Following Assault Allegations, Assures Naveen Jindal
The woman detailed her experience in a social media post on X, describing an incident that occurred on an Etihad flight from Calcutta to Abu Dhabi, with a subsequent transit to Boston.
Major Boost to Economy: India clocks record rise in exports, employment at 18-year high in May, reveals PMI Data
India stands out as the sole nation among the leading steel producers globally to witness a surge in steel production in April this year, as per data gathered by the World Steel Association. Ranking second only to China, India accomplished a remarkable production of 12.1 million tonnes of steel, marking a notable 3.6 percent increase compared to the corresponding period of the preceding year. This increase in steel production by India is attributed by analysts to the increased economic momentum reigning in the country.
Foxconn Chairman Young Liu Honored with Padma Bhushan Recognition
Liu is notably the only foreign recipient among the 17 Padma Bhushan awardees, as per the official announcement made on Thursday.
Foxconn Commits $1.5 Billion Investment in India for Apple iPhone Production Expansion
Through an official stock exchange filing, Foxconn revealed that this investment will be utilized to fulfill "operational needs." While specific details regarding the allocation of funds remain undisclosed, this move signals Foxconn's commitment to expanding its manufacturing presence in India.
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