Apple Inc's leading contract manufacturer, Taiwanese giant Wistron, has exceeded its investment obligation in India in just eight months, although the government's production-linked investment (PLI) scheme allowed it to complete the investment in four years. Between August 2020 and end March 2021, Wistron made an investment of Rs 1255 crore - 25 per cent more than the total investment it had committed to the government. Under the PLI scheme for mobile devices, the government had stipulated that each of the five participating global companies needed to invest Rs 250 crore every year for the first four years, totalling Rs 1,000 crore.
Two top sponsors of FIFA and its World Cup tournaments on Friday ratcheted up pressure on the global football body for major reforms as a corruption scandal casts a lengthening shadow over the sport.
Major corporate sponsors of the Tokyo 2020 Olympics are standing by the International Olympic Committee after the Games were postponed and experts familiar with the deals said the companies would not likely seek the return of billions of dollars committed to the agreements. Fourteen global companies including Coca-Cola Co, Procter & Gamble Co and Intel Corp spent $500 million this year and have committed close to $4 billion on multi-year contracts that designate them as top-tier sponsors, according to research firm Global Data.
Has Steve Jobs' handpicked successor inherited the magic touch or is Apple's winning streak coming to an end?
More companies can now get the visa rather than very few taking a lion's share.
The US provides large investment opportunities for Indian companies in software, IT services, gas exploration
World Cup sponsors are in an awkward position, experts said, because they are under pressure from consumers to distance themselves from any corruption, but such sponsorships are lucrative in the long term.
India was a very important strategic partner of the US, she said.
The Swiss is out of sight as FIFA corruption scandal deepens
Leading sponsors of football's world governing body have demanded independent oversight of FIFA's reform process in an open letter published on Tuesday ahead of a key meeting to finalise proposed reforms at the scandal-plagued organisation.
Eight images that prove we live in a truly bizarre world.
The ruling by a federal judge in Oregon means that there will be no change in the H-1B visa issuance process for the fiscal 2018 which begins on April 3.
The victory celebration over, new FIFA president Gianni Infantino's first major decision in charge of the troubled world football organisation will be to appoint a secretary general, effectively a chief executive, to run day-to-day operations.
World football body FIFA put Jerome Valcke, its second-ranking official, on leave on Thursday just hours after an ex-footballer raised allegations he was involved in a plan to resell 2014 World Cup tickets for a lucrative profit.
Esther Staubli is set to become the first female referee to officiate a match at the ongoing FIFA Under-17 World Cup 2017.
With the arrest of seven Indians, American authorities have claimed to have busted an immigration racket run by an infotech company owner who charged tens of thousands of dollars from expatriates by fraudulently sponsoring their H-1B work visas.
India should be given credit for helping America recover from the economic crisis, says S Jaishankar, India's new Ambassador to the US.
If the deal goes through this will be second deal for Ebix in seven months, having bought Centrum group's forex and travel business Centrum Direct for a reported Rs 1,2000 crore valuation last August.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
Patheon Inc, the pharmaceutical service provider, is looking for Senior Scientists and Formulation Development Managers.
Yahoo Inc has named Scott Thompson, who runs eBay's online payment unit PayPal, as its new CEO.
The growth premium India enjoyed has largely been lost.
An Indian American Silicon Valley entrepreneur has launched a unique initiative designed to get techies to volunteer their time to develop software and applications that will benefit people in India and other developing countries.
Brazil has long been known as a country that can throw a great party as long as the guests do not mind a location that still has the builders in it.
Qatar said on Wednesday there was no way it would be stripped of the right to host the World Cup despite the corruption scandal surrounding FIFA, dismissing a 'bashing campaign' of criticism of its 2022 bid as anti-Arab prejudice.
Pending final approvals, Huawei would become the first big-name Chinese phone maker to manufacture hardware in India's growing market.
The United States Soccer Federation said in a statement on the new charges that its hosting of the 2016 Copa America Centenario tournament would go ahead as planned.
According to an Assocham survey, the industry expects the Obama-Modi personal chemistry to be a high point of the forthcoming visit
'We have to face the fact that Islamic terrorists are here on our soil and mean to do America harm.'
Prime Minister Narendra Modi is not taking along an industry delegation to the US but top representatives of India Inc are likely to travel to New York and Washington to be part of the power-packed business meetings and receptions being hosted for him.
India Inc had cheered Donald Trump's decision to scrap TPP, but now there is a growing sense that it won't really lead to positive growth in trade with the US. Subhayan Chakraborty reports.
'No analogy is perfect, but a better liquid to liken data to is water, with the global internet like a great borderless ocean of currents and tides,' Facebook's vice-president, global affairs and communications, Nick Clegg, said in New Delhi.
US congressional leaders on trade and finance wrote to the US International Trade Commission calling for a second investigation into India's 'unfair' trade practices, detailing any changes under Modi.
Days before Narendra Modi arrives in the US to speak at the UN, meet Barack Obama, gupshup with the likes of Nadella, Pichai, Zuckerberg, and address desis in Silicon Valley, his ministers will help set the commercial and strategic tone for the prime minister's visit.
Apple Pay will be available in 250,000 locations across the UK.
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
For India, it is business as usual with the government muddling along.
Don't just spend your time abroad studying -- travel, engage, make friends and learn the language.
Global investment is agnostic when it comes to nationalism, says Kanika Datta.
In an online chat with readers overseas education consultant NNS Chandra addressed queries related to international admissions.
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