Category: Business World

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Business World

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

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

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

Business World

IRCC Proposes Sweeping Changes to International Student Program Oversight

In a move aimed at bolstering transparency and accountability, Immigration, Refugees and Citizenship Canada (IRCC) has unveiled comprehensive reforms to Canada’s international student program. The proposed regulations, announced on June 20th and currently under a 30-day review period, signify a significant shift in how Designated Learning Institutions (DLIs) across the country will be managed. Key

Business World

Amazon CEO Andy Jassy Advocates Lifelong Learning for Career Success

In a video shared by Amazon, CEO Andy Jassy underscored the importance of lifelong learning in achieving career success. Drawing from Jeff Bezos’s foundational principles, Jassy highlighted that the willingness to continually learn and adapt is what distinguishes thriving careers from stagnant ones. Jassy expressed, “You have to be ravenous and hungry to find ways

Business World

Google to Empower 10,000 Indian Startups in AI, Unveils New Tools

Google has announced ambitious plans to empower 10,000 Indian startups in the field of Artificial Intelligence (AI) through a collaboration with MeitY ‘Startup Hub’. This initiative aims to provide extensive training and resources to foster innovation and leadership in AI technologies among Indian developers and entrepreneurs. During the ‘I/O Connect’ event, Google unveiled a series

Business World

India’s Electronic Goods Exports Surge in June, Boosted by Production Incentives

India’s exports of electronic goods showed a strong performance in June, recording a 16.91% increase compared to the same period last year. The Ministry of Commerce and Industry reported that exports rose from $2.42 billion in June 2023 to $2.82 billion in June 2024, driven by the government’s Production-Linked Incentive (PLI) scheme. The growth trend

Business World

Meet Chris Espinosa; The Longest-Serving Apple Employee

In an exclusive interview with TechInsight, Chris Espinosa, Apple’s longest-serving employee, reminisced on his remarkable journey spanning more than four decades at the iconic tech company. Joining Apple as a 14-year-old part-timer in 1976, Espinosa played a pivotal role in the early days of the company, testing the Apple II BASIC operating system during his

Business World

Moshi AI Chatbot Redefines User Interaction with Real-Time Conversations

In a groundbreaking move in the realm of artificial intelligence, French company Kyutai has unveiled Moshi, an innovative chatbot designed to revolutionize how users engage in conversations. Unlike its predecessors, Moshi excels in natural language processing and emotional interpretation, offering a deeply personalized and empathetic user experience. Moshi’s distinguishing feature lies in its ability to

Business World

Indian Students Can Now Apply For Poland Visas

The Embassy of Poland has launched a new e-consulate system for visa applications, effective immediately. This system applies to both study visas and, starting June 26, 2024, employment visas, aimed at simplifying and expediting the application process. Key Consulate Locations in India Poland operates two consulates in India: Visa Types Available: E-Consulate System Implementation The

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