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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.
Glencore Secures Victory Over JSW Steel in Acquisition Bid for Canadian Coking Coal Firm
Glencore announced a notable agreement on Tuesday, revealing that it has signed a deal with Teck Resources to secure a 77 percent stake in the company's steelmaking coal unit for a substantial sum of $6.93 billion in cash.
China kicks off probe into iPhone maker Foxconn: State media
According to a report in state-run media the Global Times, Chinese tax authorities have conducted inspections on key enterprises of Foxconn (Hon Hai Technology Group) in Guangdong and Jiangsu provinces, among other places. “The natural resources department has also conducted on-site investigations into the land use of key enterprises of Foxconn in Henan and Hubei provinces," the report said late on Sunday, citing sources.
Foxconn to establish industrial parks, optimise business in India: Chairman
Foxconn Chairman Young Liu said that since they entered India in 2005, its revenue, number of employees, and investment scale have grown exponentially.
Lower realisations, higher raw material cost to adversely impact steel firms’ margins
Recent correction in Coking coal prices is likely to aid spreads for steel majors from 2QFY24. Metal names have reacted positively to anticipated demand uptick in China, even as demand greenshoots are yet to be seen on the ground, the report said.
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