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The Pegatron facility in India, currently employing around 10,000 workers and producing 5 million iPhones annually, represents a vital piece of Apple's supply chain diversification strategy. As tensions persist between Beijing and Washington, Apple seeks to reduce its dependence on China, making India an increasingly pivotal location for its manufacturing endeavors., Companies News - Times Now

India's gold demand is expected to be subdued in the first quarter of 2024 due to lower jewelry sales. However, annual demand is anticipated to rise as consumers adjust to higher prices. The World Gold Council (WGC) projects that India's gold demand, which has been stuck between 700 and 800 metric tons in the past five years, will break out of this range and rise to between 800 and 900 tons in 2024.

India's gold demand is expected to be subdued in the first quarter of 2024 due to lower jewelry sales. However, annual demand is anticipated to rise as consumers adjust to higher prices. The World Gold Council (WGC) projects that India's gold demand, which has been stuck between 700 and 800 metric tons in the past five years, will break out of this range and rise to between 800 and 900 tons in 2024.

(Bloomberg) -- Tata Steel Ltd. returned to profit as a strong performance at its Indian operations and lower costs offset weakness at its European business.Most Read from BloombergRussia Says Ukraine Downed Plane Carrying 65 Prisoners for SwapApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028Trump Races Toward 2024 Biden Rematch After New Hampshire WinChina Boosts Stimulus by Allowing Banks to Keep Smaller ReservesGroup profit at the steel producer was 5.13 billion rupees ($6

NEW DELHI/BENGALURU (Reuters) -Japan's Sony Group said on Monday it has sent a termination notice to Zee Entertainment to call off a $10 billion merger of their Indian operations, following an impasse over who will lead the combined entity. The deal, announced more than two years ago, was perceived as crucial for the survival of the companies in a highly competitive market, given the impending merger between Disney's Indian businesses and the media assets of billionaire Mukesh Ambani's Reliance Industries. Sony said it had been "engaged in discussions in good faith to ext...