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☆ Religious trips will fuel India’s tourism boom — airlines are gearing up with record aircraft orders
▼ + stars: | 2024-01-26 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

India's tourism sector is set for a boom as more travelers take trips around the country for religious purposes. "Religious tourism is still the biggest segment of tourism in India … the creation of a new religious tourist centre (Ayodhya) with improved connectivity and infrastructure can create a meaningfully large economic impact," Jefferies highlighted. Indian media reported that around half a million people visited the Ram temple on its opening day which was inaugurated by Prime Minister Narendra Modi. The YouTube broadcast of the opening ceremony on Modi's channel alone received more than 11 million views. If it continues develop tourist destination including religious tourism, chances are that more and more people will come to visit India and it will even benefit on the foreign exchange side," said Nilesh Shah, managing director at Kotak Mahindra Asset Management.

Persons: Jefferies, —, Narendra Modi, Nilesh Shah Organizations: YouTube, Mahindra Asset Management Locations: Ayodhya, India, Rome's Vatican, Mecca, Saudi Arabia, Tirupati, Andhra Pradesh, Temple, Jammu, Kashmir

☆ Five killed as southern India braces for Cyclone Michaung
▼ + stars: | 2023-12-05 | by ( Jatindra Dash | ) www.reuters.com time to read: +2 min

[1/3] People move in a boat past partially submerged vehicles in a residential area following heavy rains ahead of Cyclone Michaung in Chennai, India, December 4, 2023. REUTERS/Stringer/File photo Acquire Licensing RightsBHUBANESHWAR, India, Dec 5 (Reuters) - Heavy rains submerged roads and shut down a major airport in southern India on Tuesday, where at least five people, including a child, were killed in the flooding and the havoc hours before a severe cyclone was due to make landfall. The rains and winds also snapped power lines and uprooted trees, officials said. Taiwan's Foxconn (2317.TW) and Pegatron (4938.TW) halted Apple (AAPL.O) iPhone production at their facilities near Chennai due to heavy rains, sources familiar with the matter told Reuters on Monday. In December 2015, floods in Tamil Nadu killed at least 290 people and caused widespread damage.

Persons: Stringer, Michaung, Taiwan's Foxconn, Jatindra Dash, Shilpa Jamkhandikar, Miral Organizations: Cyclone, REUTERS, Apple, Reuters, Thomson Locations: Chennai, India, Andhra Pradesh, Tirupati district, Tamil Nadu, Tamil Nadu's

[1/2] Graphite powder, used for battery paste, is pictured in a Volkswagen pilot line for battery cell production in Salzgitter, Germany, May 18, 2022. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsOct 20 (Reuters) - As China moved to control some exports of key battery mineral graphite on Friday, miners elsewhere face a race against time to bring new projects to fruition to secure supplies for the next generation of electric vehicles. To stay ahead in a fast-changing industry, carmakers have been investing directly in mining projects to ensure future supplies of the battery inputs. "We see China's move as a potential catalyst to highlight the urgency of improving domestic graphite supply," said John DeMaio, president of Graphex's graphene division. "We've aligned ourselves with several graphite miners outside of China.

Persons: Fabian Bimmer, Hugues Jacquemin, China's, John DeMaio, DeMaio, Stefan Bernstein, Graphite's Jacquemin, Shishir Poddar, Nelson Banya, Clara Denina, Divya Rajagopal, Ernest Scheyder, Veronica Brown, Elaine Hardcastle Organizations: Volkswagen, REUTERS, Graphex, HK, EV, GreenRoc, Thomson Locations: Salzgitter, Germany, China, Warren , Michigan, Greenland, Northern, Tirupati, Madagascar, Mozambique

☆ Factbox: Graphite producers doing deals with automakers and battery groups
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +4 min

Tomas Bergman/Handout via REUTERSLONDON, June 21 (Reuters) - Automakers are rushing to lock in graphite supply from outside dominant producer China as mined graphite demand for electric vehicle (EV) batteries outpaces other uses. Below are details of some Western companies producing, or planning to produce graphite, and their deals with auto makers and battery producers. It aims to start annual production at a battery anode plant in Mauritius in 2024 at 3,600 metric tons. SYRAH RESOURCES LTD (SYR.AX)Operates Balama mine in Mozambique, which doubled graphite production to 163,000 metric tons in 2022 from the year before. MAGNIS ENERGY TECHNOLOGIES LTD (MNS.AX)Developing Nachu graphite mine in Tanzania, aiming to produce 236,000 metric tons of graphite concentrate.

Persons: Tomas Bergman, Handout, steelmaker Thyssenkrupp, Talga, Magnis, Tesla, China's, Eric Onstad, Sharon Singleton Organizations: Talga Group, Reuters, REUTERS LONDON, INC, TALGA, Automotive Cells Company, ACC, Stellantis, Mercedes, Benz, Renault, LG Energy, Ford Motor Company, SK, MONDE, Panasonic Energy, Thomson Locations: Norrbotten, Sweden, China, Madagascar, Mauritius, Lulea, Mozambique, U.S ., Louisiana, Tanzania, United States, New York, South Australia, Macquarie, Canada, India, Alabama, Coosa

[1/2] A view of damaged Apple supplier Foxlink is seen after a fire at its assembly facility in Tirupati district in the southern state of Andhra Pradesh, India, February 28, 2023. A second source familiar with the developments said that Foxlink was a key supplier for Apple in India, and "there could be potential supply chain disruptions for iPhones made in India or shipped from India". Apple and Foxlink did not immediately respond to requests for comment. The incident is the latest problem to hit Apple suppliers in India, from where it is increasingly ramping up manufacturing and exports. Employees said the Foxlink factory makes charging cables used in iPhones, but it was not immediately clear if Apple has other suppliers for the cables in India.

[1/2] A view of damaged Apple supplier Foxlink is seen after a fire at its assembly facility in Tirupati district in the southern state of Andhra Pradesh, India, February 28, 2023. REUTERS/Praveen ParamasivamCHITTOOR, India, Feb 28 (Reuters) - Apple (AAPL.O) supplier Foxlink's factory in southern India is unlikely to resume full operations for two months after a fire incident, raising concerns of supply chain disruptions for the iPhone maker, a source with direct knowledge told Reuters on Tuesday. The facility in India's Andhra Pradesh state, where Foxlink makes charging cables for iPhones, was engulfed in a massive fire on Monday that led part of the building to collapse to the ground. A source with direct knowledge said that Foxlink operates a total of 10 assembly lines in two separate facilities at the plant in Andhra, of which 4 were completely damaged and unlikely to resume operations for two months. Reporting by Munsif Vengattil and Aditya Kalra in New Delhi, and Praveen Paramasivam in Tirupati, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Apple supplier Foxlink halts production at Indian facility after massive fire
▼ + stars: | 2023-02-27 | by ( Munsif Vengattil | ) www.reuters.com time to read: +1 min

[1/2] Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo FuentesNEW DELHI, Feb 27 (Reuters) - Apple (AAPL.O) supplier Foxlink has halted production at its assembly facility in the Southern Indian state of Andhra Pradesh and evacuated 400 of its employees after a massive fire on Monday, two local government officials told Reuters. Management has estimated damage of 1 billion Indian rupees ($12 million) at the facility, he said, adding there were no casualties. An official for Foxlink did not respond to calls. ($1 = 82.7320 Indian rupees)Reporting by Munsif Vengattil in New Delhi, Editing by Louise Heavens and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

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