Apple may expand manufacturing beyond iPhones in India, while Google could shift more device exports from China, govt says NEW DELHI: India expects Apple to widen its manufacturing footprint beyond iPhones, whereas Google could shift a substantial share of its export-oriented device production from China to India, electronics and IT minister Ashwini Vaishnaw said.Vaishnaw told…
BCG CEO says CEOs are adapting to geopolitical uncertainty, AI and faster-changing business environments. NEW DELHI: The element of trade and tariffs is “over-emphasised” and the current generation of CEOs have realised there are other challenges they need to overcome to survive, BCG CEO Christoph Schweizer said at the ET World Leaders Forum Friday. Business…
Govt rules out ethanol diversion as cause of sugar price rise, cites lower output, festive demand and crop damage NEW DELHI: Sugar production during the current season (Oct-Sept) is estimated around 306 lakh tonnes, 11% lower than the initial projection of 343 lakh tonnes for the year by sugarcane-growing states, govt said Friday. It also…
Aditya Birla addresses tariff and investment concerns NEW DELHI: Amid concerns over low private sector investment, Aditya Birla Group chairman Kumar Mangalam Birla Friday said the corporate sector was undertaking capital expenditure at a very fast pace.He said RBI data pointed to growth in bank loans to the corporate sector, which are evenly spread between…
Govt eases export rules to allow wider invoicing, payments in Indian rupees NEW DELHI: Govt on Thursday tweaked provisions of the Foreign Trade Policy to make it easier for exporters to invoice overseas transactions and receive payments in Indian rupees.“All export contracts and invoices, other than those involving member countries of the Asian Clearing Union…
The bond market, which has remained the main source of turbulence on Wall Street, was still unsettled, but the swings in Treasury yields had moderated. US stock market today: Benchmark indices on Wall Street moved higher on Friday, recovering some of the ground lost during a volatile week. The bond market, which has remained the…
Considering the evidence as a whole, the High Court concluded that the prosecution had failed to prove the charge through legally admissible evidence. The Gauhati High Court has acquitted a man convicted of raping a 24-year-old woman with intellectual disability, holding that the prosecution failed to produce specific expert evidence showing that her condition rendered…
Bullion prices hit 3-month highs as weak dollar boosts demand Gold and silver continued their sharp upward move in the national capital on Friday, with both precious metals touching levels last seen more than three months ago. The gains came as a weaker US dollar and positive global market trends encouraged buying in bullion.Gold of…
Venezuelan crude has gained a much bigger share of India’s supply mix since purchases resumed in April. India is increasing its crude oil procurement from Latin America as disruptions arising from the Iran conflict and problems around the Strait of Hormuz prompt the world’s third-largest oil consumer to diversify its sources.Crude oil serves as the…
Investors can now use the automatic route, provided they meet the applicable reporting requirements. Under the revised Foreign Direct Investment (FDI) framework, which eased Chinese shareholding rules, 29 proposals worth around Rs 4,895.65 crore, or more than $500 million, have been reported. The changes were introduced in May to allow overseas companies with Chinese shareholding…
