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Foxconn to Invest $1 Billion in Tamil Nadu for iPhone Display Assembly Unit

Renowned Taiwanese contract manufacturer Foxconn is set to invest approximately $1 billion to establish a display assembly unit in Tamil Nadu, marking the company’s first such facility in India. The unit will primarily support Apple’s iPhone display module production, strengthening Foxconn’s position as a key supplier for the tech giant. In a strategic move, the

September 25, 2024 No Comments
Top News

India to Release Consultation Paper on Cryptocurrency Regulation, Paving Way for Stakeholder Input

A panel headed by the Secretary of the Department of Economic Affairs (DEA) is set to release a consultation paper on cryptocurrency regulation, with publication expected between September and October, according to sources from CNBC-TV18. This marks a pivotal moment in India’s efforts to shape the future of digital currencies. The paper will solicit stakeholder

August 22, 2024 No Comments
Top News

Germany Fast-Tracks Visa Applications for Indian Nationals Amid Growing Demand for Skilled Workers

Germany is urgently seeking skilled workers, prompting a significant reduction in visa processing times for Indian nationals. According to Schengen News, the waiting period for Indian visa applicants has been slashed to just two weeks. German Foreign Minister Annalena Baerbock emphasized the importance of this move, stating, “The Federal Agency for Foreign Affairs is the

August 21, 2024 No Comments
Business World

Apple Set to Establish Fourth iPhone Assembly Unit in India with Tata Electronics

Apple Inc. is gearing up to launch its fourth iPhone assembly unit in India, with Tata Electronics leading the project. The new factory, located in Hosur, Tamil Nadu, is expected to commence production in November, according to a report by Business Standard. This facility will be Tata Electronics’ second iPhone assembly plant, following its acquisition

August 21, 2024 No Comments
Business World

RBI Raises UPI Transaction Limit for Tax Payments to Rs 5 Lakh

The Reserve Bank of India (RBI) has announced an increase in the Unified Payments Interface (UPI) transaction limit for tax payments from the current Rs 1 lakh to Rs 5 lakh per transaction. This decision was unveiled by RBI Governor Shaktikanta Das during the announcement of the third bi-monthly monetary policy for the current financial

August 21, 2024 No Comments
News World

India’s Renewable Energy Capacity Surges by 165% in a Decade

India’s installed renewable energy capacity has witnessed an impressive increase of 165% over the past decade, rising from 76.38 Gigawatts (GW) in 2014 to 203.1 GW in 2024, Union Minister Pralhad Joshi announced on Tuesday. Addressing a debate in the Rajya Sabha regarding demands for grants related to the Ministry of New and Renewable Energy,

August 21, 2024 No Comments
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