Apple Contract Manufacturer of Iphone Foxconn Urges Government to Pay Rs 6 Billion of Pending Subsidy

American devices maker Apple’s supplier Foxconn has demanded billions of rupees of outstanding subsidy from the central government under the Production-Linked Incentive Scheme. The government had launched a scheme of more than Rs 41,200 crore to increase electronics manufacturing. Manufacturers were given subsidy in this. Bloomberg’s Report Quoting sources having knowledge of this matter, it…

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Apple May Get into Trouble in India, CCI in Final Phase if Investigation Against Company

Competition Commission of India (CCI) may soon take action against American devices maker Apple for unfair business practices in India. Before the final hearing in this case, CCI has agreed to provide confidential information to the company. In the findings of its investigation, CCI had accused the company of misusing its dominant position. An official…

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Apple May Soon Get USD 4 Trillion Valuation, Investors Bullish on AI Momentum

The stock market valuation of American devices maker Apple may soon reach four trillion dollars. The company has prepared to introduce features related to Artificial Intelligence (AI) to increase the sales of iPhone. With this, investors expect Apple’s sales to accelerate. The company’s share price has increased by about 16 percent since the beginning of…

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