India


Foxconn to make iPads, MacBooks in Vietnam

Foxconn to make iPads, MacBooks in Vietnam

Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple, a person with knowledge of the plan has revealed, as the US firm diversifies production to minimise the impact of a Sino-US trade war.The development comes as the outgoing administration of US President …

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Apple plan to ramp up production in India 'will spur sales surge'

Apple plan to ramp up production in India 'will spur sales surge'

(ATF) Apple's top contract manufacturers plan to ramp up production in India will not only solve supply bottlenecks, but is expected to rev up its sales on the Subcontinent, analysts say.iPhone resellers in India have cheered Pegatron’s announcement that it will make an initial investment of $150 million to manufacture …

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Diesel switch could help India go greener quicker

Diesel switch could help India go greener quicker

(ATF) India, the world's third-largest energy consumer after China and the US, and its third largest green-house gas emitter (GHG), is pulling out all the stops in efforts to drastically reduce its carbon footprint, including a major shift to a natural gas-based economy.On Thursday, the nation drew one step closer …

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Rise of EVs spells end of the oil era

Rise of EVs spells the end of the oil era

(ATF) Falling battery prices, environmental concern and electrification of transportation by crude-dependent countries like India and China could bring the oil era to an end, a strategist at financial think tank Carbon Tracker told Asia Times Financial on Friday.China’s has set a target for 20% of all cars on its …

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RBI paves the way for DBS Bank to expand in India

RBI paves the way for DBS Bank to expand in India

(ATF) The Reserve Bank of India seized control of the struggling Lakshmi Vilas Bank on Tuesday and forced a merger with the local unit of Singapore’s largest lender, DBS Bank.The intervention to invite DBS “with strong capital support” to rescue the capital-starved private lender Lakshmi Vilas comes after the Reserve …

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Despite cold chain blues, India prepares for Covid vaccine

Despite cold chain blues, India prepares for Covid vaccine

(ATF) The lack of ultra-cold freezers needed to store and distribute the potential Covid vaccines in the pipeline may seem like an obstacle in India’s race to defeat the coronavirus. But with the capability of distributing hundreds of millions of vaccines every year, no challenge is unsurmountable, say experts.Amidst the …

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Indian court cracks down on fireworks

Indian courts crack down on firecrackers

(ATF) Traditionally Diwali – the Hindu festival of lights – is a season for celebrating victory of light over darkness, and good over evil. It is also a time when the skies turn hazy with pollutants from the millions of fire-crackers that are traditionally set off as a part of …

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India shackles Google, Walmart but greenlights WhatsApp

India shackles Google Pay and PhonePe but greenlights WhatsApp Pay

(ATF) In a surprising and “intriguing move”, India capped the volume of digital payments transactions for third-party payment apps in a move that clips the wings of global payment biggies Google Pay and the Walmart-owned PhonePe.But simultaneously, India also finally allowed Facebook to start operating its WhatsApp payments service, in …

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Analysts bullish despite Reliance share plunge

Analysts bullish despite Reliance share plunge

(ATF) The stock of Reliance Industries (RIL) slumped on India’s National Stock Exchange on Tuesday, plunging close to 20% from its all-time high in mid-September, after its net profit for the quarter declined 15% and revenue from operations fell 24%.Besides the overall bearish market, concerns over the impact of Covid-19 …

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Bezos calls for probe as Ambani snaps up Future Group

Bezos calls for probe as Ambani snaps up Future Group

(ATF) Following an initial win in its bid to block the Future Group’s deal with Mukesh Ambani-led Reliance Industries, Amazon has fired its next salvo by urging India's market regulator to investigate and not approve the deal.And as the move brings a new twist to its tussle with its local …

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