The manufacturing of iPhone 14 in India within weeks of the global launch demonstrates the maturity of Apple's manufacturing capabilities in the country, according to Moody's Investors Service. Increasing volumes of locally-manufactured iPhones will also accelerate Apple's expansion strategy in India, Raj Joshi, Senior Vice President, Corporate Finance Group, Moody's said. The Indian smartphone market's large size and strong growth prospects as the country unveils its 5G network "make it an attractive long-term market for Apple", according to a note by Moody's.
Foxconn means serious business in India. Its delegation to India was led by its Chairman Young Liu who met Prime Minister Narendra Modi.
The Supreme Court on Thursday adjourned to November 11 the hearing on a plea filed by Nalini Sriharan, serving life sentence in the Rajiv Gandhi assassination case, seeking premature release.
The timeline of events in the case in which the Supreme Court on Wednesday ordered the release of A G Perarivalan, who has served over 30 years in jail in the Rajiv Gandhi assassination case invoking its extraordinary power under Article 142 of the Constitution.
In a boost to the electric vehicle boom in India, Taiwanese major Hon Hai Technology Group (aka Foxconn) is likely to set up an EV manufacturing unit in India through its subsidiary Foxtron. Amid speculation that the company may look at Tamil Nadu and probably the Ford India unit near Chennai for its new facility, sources indicate that the group was already betting big in the electric vehicle component space in India through Bharat FIH, which is already having a tie up with companies like Ola Electric and Ather. Bharat FIH currently has two manufacturing units in Tamil Nadu's Sriperumbudur that manufactures phones like Apple iPhones and Xiaomi phones.
The Supreme Court on Friday directed the premature release of six convicts, including Nalini Sriharan and R P Ravichandran, serving life term in the assassination case of former prime minister Rajiv Gandhi, noting that the Tamil Nadu government has recommended remission of their sentence.
Murugan, along with Santhan, both Sri Lankan nationals, were taken in a police vehicle following their release to the special refugee camp in Tiruchirappalli in the state.
In Tamil Nadu, though reformist spiritual giant Sri Ramanujacharya was a crusader against discrimination who nurtured equality almost a millenium ago, the broad canvas of social justice had only an occasional place for him.
Congress leader Rahul Gandhi, who embarked on the 'Bharat Jodo Yatra' from Tamil Nadu's Kanyakumari on Wednesday, will be staying in a container for the next 150 days.
The Apple iPhone comprises 44 per cent of the global smartphone market's revenues and it is the second most-such device to be shipped after Samsung. More than half of smartphones used in the US are iPhones. More than 7 million iPhones are expected to be sold in India in 2022, extending the user base to 20 million, according to market research and analyst firm Techarc. Hence, the news about Apple scaling down its production target for iPhone 14 in India has made news.
Facing criticism from the Congress, the government on Thursday moved the Supreme Court seeking a review of its order for premature release of six convicts in the Rajiv Gandhi assassination case.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China.
Seven months after it was launched in India, Apple is expected to start manufacturing the iPhone 13 at the Foxconn plant in Sriperumbudur near Chennai from April, according to sources. The phones will be for both the domestic and export market. The production of the iPhone 13 in the Chennai plant was meant to start from January but had to be postponed after Apple suspended production following protests in December by women workers about food poisoning. An Apple spokesperson did not respond to an e-mail query.
Before the launch of the 'Bharat jodo yatra, former Congress leader Rahul Gandhi will on Wednesday take part in a prayer meeting at former prime minister Rajiv Gandhi's memorial in Sriperumbudur.
'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down? Because of somebody's ego.'
The development comes at a time when growing tension in US-China trade ties is forcing companies to explore alternative manufacturing sites in order to derisk operations.
Congress leader Rahul Gandhi has said that the assassination of his father and former prime minister Rajiv Gandhi was the "single biggest learning experience" of his life, asserting that he cannot get away from the fact that the event also made him learn things that he would have never learnt otherwise.
Hyundai Motor has over 2,200 permanent workers, around 3,500 trainees and another 5,000 contract workers in the Sriperumbudur facility
'We were exporting copper at that time. Now India is importing copper to the tune of around $1.2 billion. Moreover, there was a larger impact on the dependent MSMEs.'
'That it was the LTTE was known in three weeks's time.'
Last Friday, the apex court had ordered Nokia to give a Rs 3,500-crore (Rs 35-billion) guarantee before it transferred its Sriperumbudur facility, one of its biggest plants globally.
'I don't have anger or hatred towards anybody.Of course, I lost my father and for me it was a very difficult time'
The Supreme Court on Wednesday granted bail to A G Perarivalan, serving life sentence in the Rajiv Gandhi assassination case.
The current question is about the BJP-ruled Centre, headed by Prime Minister Narendra Modi, like its predecessors, not arguing the Union of India's case effectively and continuously, whenever the matter came up in the past, if its case still was that Rajiv's killing was an 'act of terror', asks N Sathiya Moorthy.
Eyeing the revival of the crisis-ridden party ahead of the 2024 Lok Sabha elections, the party chief Sonia Gandhi described the march as a "landmark occasion" and hoped that the march would help rejuvenate the grand old party.
In this event, it is the IAF that showed true professionalism, telling the boss they weren't going to fly in that weather. You can see what professionalism and moral courage it takes to say no to your prime minister. Only things like that can keep him safe, observes Shekhar Gupta.
Tamil Nadu has been reeling under acute water crisis stress for the past several months as Chennai's Porur Lake, one of the main sources of water, has reached its lowest level.
In the factory, workers said Friday was the last day as far as production was concerned.
The Supreme Court on Wednesday ordered the release of A G Perarivalan, who has served over 30 years of life term in the Rajiv Gandhi assassination case.
Rajiv Gandhi assassination case convict A G Perarivalan on Wednesday celebrated the Supreme Court verdict directing his release by playing the Tamil percussion instrument 'Parai' and now wants to breathe the air of freedom before thinking about his future, as the apex court ruling put an end to his three-decade prison term.
A G Perarivalan alias Arivu is now a free man following a legal battle, and that long fight provides scope for throwback moments of Tamil sentiment that propelled the struggle which was backed by most political parties and successive governments in Tamil Nadu.
Meanwhile, the union representatives have said they are meeting the state labour minister, to seek government's intervention.
The Tamil Nadu Congress Committee on Friday said it does not agree with Chief Minister MK Stalin demanding the Centre to set free the seven Rajiv Gandhi assassination case life convicts and denounced what it called 'political pressure.'
The company is planning to invest Rs 1,100 crore in the new mobile phone manufacturing facility.
Trouble began at the manufacturing facilities of Foxconn situated at Sriperumbudur near Chennai after it decided to suspend production from December 22, 2014. Fearing job losses the employees have been resorting to agitations since then.
India is already perceived to be a soft State by terrorists. Let us not confirm that fact, fumes A Ganesh Nadar
The traffic tells a story. During the lockdown, it took 45 minutes to zip through the deserted 35-km stretch from Chennai to reach the automobile heart of Sriperumbudur-Oragadam, where the big names of the car industry - Hyundai Motor India, Renault-Nissan India, Daimler India Commercial Vehicles, Apollo Tyres, and Royal Enfield - are based.
Wearing the bloodstained cap and badge -- evidence in the Rajiv Gandhi assassination case -- on the day of his retirement was a cocktail of emotions, says IPS officer Prateep V Phillip, who survived the ghastly attack that killed the former Prime Minister in a 1991 election rally near here.
According to a release issued by Nokia, the investment is geared towards enhancing the capacity of the manufacturing plant. The plant currently employs approximately 6,000 people.
While the tax holiday for the factory coming to an end might be a factor, many say the business model of Microsoft (which acquired Nokia's handset division last year), as well as freebies offered by the Vietnamese government, might also have played a role.
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