Sankalp Phartiyal Bloomberg
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Apple Aims to Build Most iPhones for US in India by End of 2026
Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year. The plans are the latest sign of Apple and its suppliers accelerating a pivot away from China, a process that began when harsh Covid lockdowns hurt production at its largest plant.
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Apple India Produces $22 Billion of iPhones in Shift From China
Apple assembled $22 billion (roughly Rs. 1,89,412 crore) worth of iPhones in India in the 12 months ended March. The Cupertino, California-headquartered company now makes 20 percent, or one in five, of its prized iPhones in the South Asian country, according to people familiar with the matter
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Apple Exported $17 Billion in iPhones From India Last Year, Minister Says
US President Donald Trump’s levies on China — and his threat to impose a further 50 percent tariff — could push Apple to move more manufacturing toward India and countries in Southeast Asia. Still, a complete shift away from the company’s longtime manufacturing hub is unlikely in the short term.
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India Tech Startups Worth $100 Billion Seen Seeking IPOs by 2027
More than three dozen tech startups with a combined valuation of $100 billion are set to go public by 2027 in what would mark a rebound in stock sales in India, according to one of the countrys top deal advisers to internet companies.
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Foxconn, Dixon Said to Urge Government to Pay Pending Production Subsidies
Foxconn Technology Group and Dixon Technologies India Ltd. are asking the government to pay them billions of rupees in subsidies they think they are entitled to under the government’s production incentives program. India’s technology ministry has not responded to the related queries.
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Government Said to Plan Near $3 Billion Aid, Tariff Cuts for Electronics
India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing. A final decision on the proposals will be made by the cabinet, and if approved, details may be announced in the government’s upcoming budget in February, people familiar with the matter said.
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Apple Ships $6 Billion of iPhone Models From India in Big China Shift
The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass the about $10 billion of fiscal 2024.
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Apple Ships $6 Billion Of iPhones From India In Big Shift From China
Apple Inc.'s iPhone exports from India jumped by a third in the six months through September, underscoring its push to expand manufacturing in the country and reduce dependence on China.
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US Lenders Won't Have A Say On Who Runs Byju's Amid Bankruptcy Concerns
US lenders to Byju's were removed from an influential creditors committee by a court-appointed arbitrator in India, a potential boon for the struggling online-education company seeking to avert bankruptcy.
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Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
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Paytm Warns Of Job Cuts, Asset Sales Amid RBI Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer's business.
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Google Pay, PhonePe Gain Customers After RBI's Curbs On Paytm
Google and Walmart Inc. are rapidly gaining customers from India's Paytm, the fintech pioneer struggling to navigate central bank restrictions and the potential shutdown of a key payments affiliate.
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Byju's Investors Vote To Oust CEO In Hours-Long Zoom Call Crashed By Staff
Major Byju's shareholders including Prosus NV and Peak XV Partners voted Friday to oust its founder as chief executive officer, escalating a battle over the fate of the once high-flying online tutoring startup that is fighting to remain in business.
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What RBI Order Means For Paytm And Its Users
Indian regulators ordered the parent of digital-payments provider Paytm to halt a bulk of its business, dealing a severe blow to a high-profile tech pioneer that grappled for years with regulators and criticism around its Chinese backing.
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Paytm's Big Revamp: Younger Users, 50,000-Plus Salesforce, Smaller Cities
Paytm plans to revamp its online wealth management services and hire more than 15,000 contract salespeople to get more merchants on its network, aiming to hit profitability sooner than targeted.
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Apple Aims to Build Most iPhones for US in India by End of 2026
Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year. The plans are the latest sign of Apple and its suppliers accelerating a pivot away from China, a process that began when harsh Covid lockdowns hurt production at its largest plant.
-
Apple India Produces $22 Billion of iPhones in Shift From China
Apple assembled $22 billion (roughly Rs. 1,89,412 crore) worth of iPhones in India in the 12 months ended March. The Cupertino, California-headquartered company now makes 20 percent, or one in five, of its prized iPhones in the South Asian country, according to people familiar with the matter
-
Apple Exported $17 Billion in iPhones From India Last Year, Minister Says
US President Donald Trump’s levies on China — and his threat to impose a further 50 percent tariff — could push Apple to move more manufacturing toward India and countries in Southeast Asia. Still, a complete shift away from the company’s longtime manufacturing hub is unlikely in the short term.
-
India Tech Startups Worth $100 Billion Seen Seeking IPOs by 2027
More than three dozen tech startups with a combined valuation of $100 billion are set to go public by 2027 in what would mark a rebound in stock sales in India, according to one of the countrys top deal advisers to internet companies.
-
Foxconn, Dixon Said to Urge Government to Pay Pending Production Subsidies
Foxconn Technology Group and Dixon Technologies India Ltd. are asking the government to pay them billions of rupees in subsidies they think they are entitled to under the government’s production incentives program. India’s technology ministry has not responded to the related queries.
-
Government Said to Plan Near $3 Billion Aid, Tariff Cuts for Electronics
India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing. A final decision on the proposals will be made by the cabinet, and if approved, details may be announced in the government’s upcoming budget in February, people familiar with the matter said.
-
Apple Ships $6 Billion of iPhone Models From India in Big China Shift
The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass the about $10 billion of fiscal 2024.
-
Apple Ships $6 Billion Of iPhones From India In Big Shift From China
Apple Inc.'s iPhone exports from India jumped by a third in the six months through September, underscoring its push to expand manufacturing in the country and reduce dependence on China.
-
US Lenders Won't Have A Say On Who Runs Byju's Amid Bankruptcy Concerns
US lenders to Byju's were removed from an influential creditors committee by a court-appointed arbitrator in India, a potential boon for the struggling online-education company seeking to avert bankruptcy.
-
Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
-
Paytm Warns Of Job Cuts, Asset Sales Amid RBI Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer's business.
-
Google Pay, PhonePe Gain Customers After RBI's Curbs On Paytm
Google and Walmart Inc. are rapidly gaining customers from India's Paytm, the fintech pioneer struggling to navigate central bank restrictions and the potential shutdown of a key payments affiliate.
-
Byju's Investors Vote To Oust CEO In Hours-Long Zoom Call Crashed By Staff
Major Byju's shareholders including Prosus NV and Peak XV Partners voted Friday to oust its founder as chief executive officer, escalating a battle over the fate of the once high-flying online tutoring startup that is fighting to remain in business.
-
What RBI Order Means For Paytm And Its Users
Indian regulators ordered the parent of digital-payments provider Paytm to halt a bulk of its business, dealing a severe blow to a high-profile tech pioneer that grappled for years with regulators and criticism around its Chinese backing.
-
Paytm's Big Revamp: Younger Users, 50,000-Plus Salesforce, Smaller Cities
Paytm plans to revamp its online wealth management services and hire more than 15,000 contract salespeople to get more merchants on its network, aiming to hit profitability sooner than targeted.
