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FDA officials don't have the legal authority to force manufacturers to recall their products, and instead rely on companies to “voluntarily” do so. The FDA previously stated it recommended the manufacturer recall the eyedrops on Oct. 25. That suggests agency officials may still be finalizing documentation from the inspection that triggered the latest recall. Agency records show FDA didn't conduct any inspections in India during fiscal year 2021, at the height of the pandemic. CVS Health said in a statement that it previously “stopped the sale in-store and online” of all the eyedrops cited by the FDA.

Persons: “, weren't Organizations: WASHINGTON, CVS Health, Target, Rite, Kilitch Healthcare, Food and Drug Administration, FDA, Healthcare, U.S, Velocity Pharma, Agency, COVID, CVS, Cardinal Health, Delsam Pharma, Centers for Disease Control, CDC, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: U.S, Kilitch Healthcare India, Mumbai, Farmingdale, N.Y, India, India’s, Tamil Nadu

☆ Toxic foam coats sacred river near New Delhi as Indian capital battles hazardous pollution
▼ + stars: | 2023-11-09 | by ( Rhea Mogul | ) edition.cnn.com time to read: +3 min

CNN —A thick layer of toxic foam has once again coated parts of a sacred river near New Delhi as the Indian capital battles an acrid and noxious smog that has settled across the city. The pungent foam contains high levels of ammonia and phosphates, which can cause respiratory and skin problems, according to experts. Yamuna river covered with a thick layer of toxic foam due near Kalindi Kunj, on September 10, 2023 in New Delhi, India. The river is most polluted in areas surrounding Delhi, owing to the area’s dense population and high levels of waste. Pictures from September also showed toxic foam forming on the Yamuna.

Persons: Salman Ali, Surya Organizations: CNN, Press Trust of India, Hindustan Times Locations: New Delhi, India’s, Tamil Nadu, Kalindi, India, Delhi, Oslo, Beijing, Kolkata, Mumbai

☆ India's Redington posts 22% fall in quarterly profit on slow tech gadget demand
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

CHENNAI, Nov 6 (Reuters) - India's Redington (REDI.NS) reported a 22% decline in quarterly profit on Monday, as the technology gadgets distributor grappled with a global slowdown in demand and higher expenses. Consolidated profit fell to 3.03 billion rupees ($36.42 million) in the second quarter from 3.87 billion rupees a year earlier. In the previous four quarters, Redington had reported revenue growth between 24.6% and 30.8%. However, Qualcomm and Apple recently indicated smartphone sales slump has finally started to ease, setting them up for better quarters ahead. ($1 = 83.1974 Indian rupees)Reporting by Praveen Paramasivam in Chennai; Editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Redington, Praveen, Eileen Soreng Organizations: Consolidated, Apple, Samsung, Revenue, Qualcomm, Thomson Locations: CHENNAI, Chennai, Tamil Nadu, Singapore, India, South Asia

☆ Alphabet chief Pichai labored in trenches but rose to defend search giant
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

The move was done to give Page fewer direct reports and product units to oversee. * Pichai became CEO of Google in 2015 and all of Alphabet in 2019. * Alphabet, Google's parent company, has a long list of other businesses. Since Pichai became CEO, it acquired Fitbit in 2021 and the security company Mandiant in 2022. * Pichai's total compensation was about $226 million in 2022, more than 800 times the median employee's pay, the company said in a securities filing in April.

Persons: Sundar Pichai, Joe Biden, Narendra Modi, Evelyn Hockstein, Larry Page, Andy Rubin, Page, Pichai, Bard, Diane Bartz, Jonathan Oatis Organizations: Google, U.S, India's, White, REUTERS, Rights, Big Tech, Wharton, Stanford University, Indian Institute of Technology, McKinsey & Co, Thomson Locations: Washington , U.S, Washington, Madurai, Tamil Nadu, India, Indian Institute of Technology Kharagpur

☆ Around 76 locations were raided in India as part of a crackdown on phony tech support scam calls
▼ + stars: | 2023-10-21 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

Around 76 locations were raided across 12 Indian states in a crackdown on tech support scam calls. AdvertisementAdvertisementIndia has been cracking down on tech support scammers in an effort to "combat and dismantle" finance-related cyber crime, officials announced on Thursday. Officials raided around 76 suspected illegal call center locations across India, in several different states, according to a press release from India's Central Bureau of Investigations. The scammers often pretend to work for reputable companies like Microsoft and Amazon, according to a press release from Amazon. —Central Bureau of Investigation (India) (@CBIHeadquarters) October 19, 2023Law enforcement seized 32 phones, 48 laptops and hard discs, and 33 SIM cards and froze several bank accounts amid the raid of the 76 locations, according to CBI.

Persons: —, Doug Thomas, they're Organizations: Bureau of Investigations, Amazon, Microsoft, Service, Officials, India's Central Bureau of Investigations, CBI, Bureau of Investigation, FBI Locations: India, Canada, Australia, Germany, Spain, Bihar, Dehli, Haryana, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Punjab, Tamil Nadu, Uttar Pradesh, West Bengal

☆ The celestial phenomenon of October’s solar eclipse
▼ + stars: | 2023-10-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

A "ring of fire" can be seen around the moon during an annular eclipse visible from Chiayi in southern Taiwan on June 21, 2020. Alberto Buzzola/LightRocket/Getty ImagesSaturday’s annular solar eclipse will create a dazzling “ring of fire” across the Americas. Make sure you have certified eclipse glasses or solar viewers, and check out our tips to safely take in every aspect of the annular or partial eclipse, depending on where you are. Clouds may spoil the view for some, and the eclipse may even affect the weather, but never fear: NASA will share live streams from multiple locations within the path of the annular eclipse. They find wonder in planets beyond our solar system and discoveries from the ancient world.

Persons: it’s, Alberto Buzzola, Thyra, ”, Lisbeth, Erika Blumenfeld, Joseph Aebersold, REx, Dante Lauretta, Sriram Murali, Laurent Ballesta, Luke Skywalker, Jimmy Buffett, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, Viking, National Museum of Denmark, University of Arizona, London’s, Museum, Tiger, Wildlife, “ Star, Florida, CNN Space, Science Locations: Taiwan, United States, Oregon, Texas, Gulf, Nevada , Utah, New Mexico, California , Idaho , Colorado, Arizona, Mexico, Belize, Honduras, Panama, Colombia, Natal, Brazil, Denmark, Viking, Copenhagen, Norway, Tamil, California

People are seen outside the main gate of the Pegatron facility following a fire incident at the facility near Chennai, India, September 26, 2023. A company spokesperson declined to say whether manufacturing has been resumed partially or fully. Pegatron had halted the assembly of iPhones for the past two days at its factory in Tamil Nadu state after a fire broke out on Sunday. It has previously said the incident "does not have significant financial or operational impact". Reporting by Munsif Vengattil in Bengaluru and Praveen Paramasivam in Chennai, Editing by Louise Heavens and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Praveen, Pegatron, Munsif, Louise Heavens, Bernadette Baum Organizations: REUTERS, Rights, Apple, Reuters, Thomson Locations: Chennai, India, Tamil Nadu, Bengaluru, Praveen

The officials inspected laptops of Lenovo employees during the visit, one of the sources said. They also tried to contact Lenovo's senior management during and after the visit as part of the inquiry, the person added. Lenovo, which confirmed the visit, said it was "co-operating with the authorities and will provide all possible support required". Earlier in the day, Reuters reported that tax officers also visited the facilities of contract manufacturer Flex Ltd in Tamil Nadu state. Reporting by Munsif Vengattil in Bengaluru and Aditya Kalra in New Delhi; Editing by Toby Chopra, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas White, Munsif, Aditya Kalra, Toby Chopra, Kirsten Donovan Organizations: Lenovo, REUTERS, Rights, Wednesday, Reuters, Flex, Thomson Locations: Puducherry, Bengaluru, Tamil Nadu, New Delhi

☆ Pegatron India fire traced to workers' failure to turn off switch -sources
▼ + stars: | 2023-09-27 | by ( Praveen Paramasivam | ) www.reuters.com time to read: +4 min

People are seen outside the main gate of the Pegatron facility following a fire incident at the facility near Chennai, India, September 26, 2023. A senior Tamil Nadu government source, and another industry source briefed on the matter, detailed how Sunday's events unfolded. One smartphone industry source with direct knowledge said the charging racks at the Pegatron plant are typically switched off after three Saturday shifts end early on Sundays. The fire damaged some machines, said the government source and another source with direct knowledge, who spoke on condition of anonymity. About 8,000 people work on the assembly line at the Pegatron facility, which sprawls across 39,000 sq.

Persons: Praveen, Pegatron, Praveen Paramasivam, Munsif, Faith Hung, Ben Blanchard, Aditya Kalra, Clarence Fernandez Organizations: REUTERS, Sunday, Reuters, Apple, Tamil, Firemen, Thomson Locations: Chennai, India, Tamil Nadu, Taiwan, Chengalpattu, Bengaluru, Taipei

People are seen outside the main gate of the Pegatron facility following a fire incident at the facility near Chennai, India, September 26, 2023. REUTERS/Praveen Paramasivam Acquire Licensing RightsCHENGALPATTU, India Sept 26 (Reuters) - A production shutdown at Apple supplier Pegatron's (4938.TW) India iPhone factory is expected to extend into Wednesday and disruptions could last longer as authorities investigate a fire at the Taiwanese firm's only India plant, four sources said. One of the sources said Apple representatives were collaborating with Pegatron after the incident. The affected Pegatron India plant accounts for 10% of Apple's iPhone production in the country. Pegatron, which started iPhone assembly in India in September last year, is also in talks to open a second Indian contract facility for Apple near the existing one in Tamil Nadu.

Persons: Praveen, Pegatron, Praveen Paramasivam, Aditya Kalra, Kim Coghill, Jacqueline Wong Organizations: REUTERS, Apple, India iPhone, Pegatron Corporation, Reuters, Thomson Locations: Chennai, India, TW, Chengalpattu, Tamil Nadu, Wistron, Indian

Demonstrators hold placards next to a banner as they attend a protest against the sharing of Cauvery river water with neighbouring Tamil Nadu state, in Bengaluru, India, September 26, 2023. Schools and colleges were shut in the capital of the southern state of Karnataka, home to more than 3,500 tech companies. "I can shed my blood but I don't want to give water to Tamil Nadu," said one protester, Ravi Mallikarjuna. The delay provoked small demonstrations near a railway station in Tamil Nadu. The Cauvery river originates in the Karnataka region of Talakaveri, flowing through Tamil Nadu into the Bay of Bengal.

Persons: Dhanya, Santosh Babu, Ravi Mallikarjuna, Shivakumar, Ramachandra, Rupam Jain, Miral Fahmy, Clarence Fernandez Organizations: REUTERS, Inc, Walmart, Police, Farmers, Google, Schools, Supreme, Tamil, Ecological Sciences, Indian Institute of Science, Thomson Locations: Tamil Nadu, Bengaluru, India, BENGALURU, India's, Karnataka, Farmers, Bengal

☆ Recent disruptions at Apple facilities in India
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Sept 25 (Reuters) - Apple (AAPL.O) supplier Pegatron on Monday temporarily halted iPhone assembly at its Chennai facility in India's Tamil Nadu state after a fire at the factory. Apple has been eyeing a large manufacturing base in India since it began iPhone assembly in the country in 2017. Apple products in India are currently manufactured through contracts with firms including Foxconn (2317.TW), Wistron Corp (3231.TW) and Pegatron Corp (4938.TW). It has a total of 14 suppliers with facilities in India. Apple later found facilities did not meet required standards.

Persons: Pegatron, Apple, Blassy, Mark Potter Organizations: Apple, Wistron Corp, Pegatron Corp, Workers, Thomson Locations: DELHI, Chennai, Tamil Nadu, India, Chittoor, Andhra Pradesh, Tamil, Karnataka

CHENNAI, Sept 25 (Reuters) - Apple supplier Pegatron temporarily halted iPhone assembly at its facility in south India on Monday after a fire on Sunday night, three sources familiar with the matter told Reuters. Pegatron accounts for 10% of Apple's iPhone production in India, according to research firm Counterpoint. Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron (3231.TW) and later Foxconn (2317.TW), as the Indian government pushed for local manufacturing. Pegatron, which started iPhone assembly in India in September last year, is also in talks to open a second Indian contract facility for Apple near the existing one in Tamil Nadu. In February, a fire at a south Indian facility of Foxlink for iPhone charging cables forced it to halt production.

Persons: TW, Pegatron, Ben Blanchard, Praveen, Munsif Vengattil, Aditi Shah, Sarah Wu, Toby Chopra, Susan Fenton, Mark Potter Organizations: Apple, Pegatron, Reuters, Local, Thomson Locations: CHENNAI, India, Chennai, Tamil Nadu, Wistron, Indian

REUTERS/VarunVyas Hebbalalu/File Photo Acquire Licensing RightsMUMBAI, Sept 20 (Reuters) - India's Ola Electric plans to file regulatory papers for its up to $700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore's Temasek and Japan's SoftBank (9984.T), Ola Electric was valued at $5.4 billion in a recent fund raising. Ola Electric and Kotak did not respond to a request for comment while the other three banks declined to comment. Ola Electric is targeting IPO roadshows for early January or February, said one of the sources. Ola Electric, though, still makes losses.

Persons: Ola, VarunVyas, Japan's SoftBank, Ola Electric, Goldman Sachs, Bhavish Aggarwal, Tesla, Sriram, Aditi Shah, Aditya Kalra Organizations: REUTERS, Rights, Singapore's Temasek, Japan's, Ola, ICICI, Bank of America, West, Reuters, Thomson Locations: Pochampalli, Tamil Nadu, India, Rights MUMBAI

☆ Foxconn aims to double jobs, investment in India over next 12 months
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-A woman drives past the logo of Foxconn outside the company's building in Taipei, Taiwan November 9, 2022. REUTERS/Ann Wang/File Photo Acquire Licensing RightsSept 17 (Reuters) - Apple (AAPL.O) supplier Foxconn (2317.TW) aims to double its workforce and investment in India by next year, a company executive said on Sunday. Foxconn already has an iPhone factory in the state of Tamil Nadu, which employs 40,000 people. In August, the state of Karnataka said Foxconn will invest $600 million for two projects in the state to make casing components for iPhones and chip-making equipment. The company's Chairman Liu Young-way said in an earnings briefing last month that he sees a lot of potential in India, adding: "several billion dollars in investment is only a beginning".

Persons: Ann Wang, V Lee, Narendra Modi's, Foxconn, Liu Young, Shivani Tanna, Susan Fenton Organizations: REUTERS, Indian, Thomson Locations: Taipei, Taiwan, India, China, Tamil Nadu, Karnataka, Bengaluru

☆ India's Nipah virus trackers gather samples from bats, fruit
▼ + stars: | 2023-09-14 | by ( Rupam Jain | ) www.reuters.com time to read: +3 min

[1/2] Members of a medical team from Kozhikode Medical College carry areca nut and guava fruit samples to conduct tests for Nipah virus in Maruthonkara village in Kozhikode district, Kerala, India, September 13, 2023. REUTERS/Stringer Acquire Licensing RightsNew Delhi, Sept 14 (Reuters) - Experts have fanned out in India's southern state of Kerala to collect samples of fluid from bats and fruit trees in a region where the deadly Nipah virus has killed two people and three more have tested positive. Samples of bat urine, animal droppings and half-eaten fruit were collected from Maruthonkara, the village where the first victim lived, set beside a 300-acre (121-hectare) forest home to several bat species. Fruit bats from the area had tested positive for the Nipah virus during an outbreak in 2018, the state's first. Kerala's first Nipah outbreak killed 21 of the 23 infected, while subsequent outbreaks in 2019 and 2021 killed two people.

Persons: Stringer, Veena George, George, Kerala's, Rupam Jain, Clarence Fernandez Organizations: Kozhikode Medical College, REUTERS, Thomson Locations: Kozhikode district, Kerala, India, Delhi, Maruthonkara, state's, Kozhikode, Karnataka, Tamil, Malaysia, Singapore, South Asia

Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu, India, August 15, 2023. REUTERS/VarunVyas Hebbalalu/File Photo Acquire Licensing RightsNEW DELHI, Sept 7 (Reuters) - Singapore's investment firm Temasek led a $140 million funding round in India's Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering. Ola did not respond to a Reuters request for comment, while Temasek, which is an existing investor in Ola Electric, declined to comment. Ola Electric, founded by Bhavish Aggarwal and backed by Japan's SoftBank Group (9984.T), has become India's e-scooter market leader with a 32% share, competing with Ather Energy as well as companies such as TVS Motor (TVSM.NS) and Hero Electric. Valued at $5 billion last year, Ola sold around 95,000 e-scooters during April-August 2023, industry data showed.

Persons: Ola, VarunVyas, Ola Electric, Bhavish Aggarwal, Japan's, Aditya Kalra, Aditi Shah, Yantoultra Ngui, Dhwani Pandya, Rashmi Organizations: REUTERS, Temasek, Japan's SoftBank, Ather Energy, TVS, Reuters, Thomson Locations: Pochampalli, Tamil Nadu, India, DELHI, India's, Temasek, Ola

☆ Nine dead after fire in stationary train carriage in southern India
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Aug 26 (Reuters) - Nine people died on Saturday after a fire broke out in a stationary train carriage in the southern Indian city of Madurai, in Tamil Nadu state. The blaze started after a gas cylinder being used by some passengers to make tea on a stove exploded, Madurai district collector M.S. Sangeetha said, according to a video shot by ANI. More than 50 passengers were travelling in the carriage, which was detached from the train and parked separately at the station, Sangeetha told Reuters partner news agency ANI. ($1 = 82.6370 Indian rupees)Reporting by Aditi Shah; Editing by Mike HarrisonOur Standards: The Thomson Reuters Trust Principles.

Persons: Sangeetha, Aditi Shah, Mike Harrison Organizations: Thomson Locations: DELHI, Indian, Madurai, Tamil Nadu, India's, Orissa

☆ In a rare win, a migrant worker sued his bosses in Singapore. And won
▼ + stars: | 2023-08-26 | by ( Heather Chen | ) edition.cnn.com time to read: +11 min

In July, 26 men were taken to hospitals after three lorries, two ferrying migrant workers, collided on a major highway. Migrant workers sit in the back of a lorry in Singapore on May 15, 2020. Suhaimi Abdullah/NurPhoto/Getty ImagesSingapore is home to about 1.4 million migrant workers, nearly a quarter of its population. “Recent tragic incidents have highlighted the continued grave risks posed by transporting migrant workers on lorries,” the statement read. Still, victories for migrant workers are rare, said local civil rights activist Jolovan Wham and a worker taking on his powerful employer was almost unheard of.

Persons: Murugan, Muhamad Ashraf Syed Ansarai, “, ” Ansarai, ”, – Toffazal Hossain, Sugunan, Edgar Su, Transport Amy Khor, ” Khor, Khor, Tan May Tee, ” Tan, ” “, Suhaimi Abdullah, Jolovan, Wham, ” Murugan, “ He’s, It’s Organizations: CNN, Singapore Civil Defence Force, Labor, ”, State, Ministry, Transport, “ Employers, Rigel Marine Services, Reuters, Getty, Singapore, Workers, Ministry of Transport, Singapore’s Ministry of Transport Locations: India, Singapore, Tamil Nadu, Bangladesh, China, Vietnam, ”, alighting

☆ Column: India's coal emissions set for new highs on low-grade imports
▼ + stars: | 2023-08-17 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

Roughly 80% of India's thermal coal imports over the first half of 2023 came from Indonesia, South Africa and Russia, known for primarily exporting low-quality thermal coal which emits CO2 and sulphur dioxide when burned in power stations. India thermal coal imports from key supplierAround 7% of India's thermal imports came from Australia, supplier of some of the cleanest-burning coal on world markets. IMPORT SWINGSIndonesia has long been India's dominant supplier of energy coal, providing an average of 60% of the country's total thermal coal imports from 2017 through 2020, data from Kpler shows. That resulted in a rebound in India's total coal imports over the opening half of 2023 from the latter months of 2022. However, cost-sensitive power producers in India have prioritised ensuring coal supply over lowering coal-fired emissions, resulting in a deterioration in India's coal-fired power sector efficiency and a continuing climb in emissions.

Persons: Amit Dave, Ember, Gavin Maguire, Josie Kao Organizations: REUTERS, Reuters, Thomson Locations: Indian, Ahmedabad, LITTLETON , Colorado, Indonesia, South Africa, Russia, India, Australia, China, Ukraine, New Delhi, Tamil Nadu, Chhattisgarh, South Asia

☆ Apple's ongoing pivot to India should reap big rewards for the iPhone maker
▼ + stars: | 2023-08-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

The India factory should begin delivery of the new smart phones just weeks after they start shipping from China, according to Bloomberg. Sales for the iPhone in India grew by double-digits in the second quarter , to a record high, according to Apple. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Zev Firma, Narendra Modi's, Tim Cook, Morgan Stanley, Apple's, Foxconn, Jim Cramer's, Jim Cramer, Jim, Punit Paranjpe Organizations: Apple, Foxconn Technology Group, Bloomberg, U.S, Investing, CNBC, Afp, Getty Locations: India, China, Tamil Nadu, iPhones, Washington, Beijing, Mumbai, Delhi, U.S, Punit

A man checks his mobile phone as he waits while recharging his Ola electric scooter at an electric vehicle charging station in New Delhi, India, February 12, 2022. REUTERS/Aditi Shah/File PhotoPOCHAMPALLI, TAMIL NADU, Aug 15 (Reuters) - Ola Electric, India's largest maker of electric scooters, launched its most affordable rides on Tuesday, in an effort to woo more buyers as the price of e-scooters moves closer to gasoline models. The cheapest gasoline scooter in India costs about 64,000 rupees. The Softbank Group-backed (9984.T) company on Tuesday said it has opened 100 more service centres across the country, taking their total tally to 500. ($1 = 83.3916 Indian rupees)Reporting by Varun Vyas in Pochampalli, Riddhima Talwani in New Delhi and Biplob Kumar Das in Bengaluru, editing by Aditi Shah and Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Aditi Shah, Ola, Varun Vyas, Riddhima, Biplob Kumar Das, Sonia Cheema Organizations: REUTERS, Softbank, Thomson Locations: New Delhi, India, Pochampalli, Bengaluru

☆ Apple supplier Foxconn cautious despite beating earnings forecasts
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: +3 min

A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019. Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outlook for this year due to global economic uncertainties. Within the AI server supply chain, Foxconn has won a "very high" market share for GPU modules and substrates, Liu said. It was better than an average forecast of T$25.57 billion profit from 13 analysts, according to Refinitiv. Apple this month forecast that a sales slump would continue into this quarter, sending shares down despite beating Wall Street sales and profit targets in its fiscal third quarter.

Persons: Liu Young, Liu, Foxconn, Jun Seki Organizations: Stars Mobile India, Apple, Vedanta, Nissan, North, Wall Locations: Tamil Nadu, India, China, Wisconsin, Foxconn

In fact, they were the real-life celebrations of thousands of cinema fans in South India as they welcomed the latest film release by one of the country’s biggest superstars. Fans dance during the screening of Indian actor Rajinikanth's new Tamil-language movie 'Jailer' on the first day of its release in Mumbai on August 10. Punit Paranjpe/AFP/Getty ImagesA cult-like followingRajinikanth, 72, who has starred in more than 160 movies, is near synonymous with South Indian cinema. Its release day became an unofficial public holiday for many with several companies in the cities of Bengaluru and Chennai giving their employees a day off to watch the film. One of the biggest South Indian hits last year, “RRR,” made history by scooping its first Oscar for the best original song, “Naatu Naatu.”Video Ad Feedback This Indian film is nominated for an Oscar.

Persons: ”, Rajinikanth, Rajinikanth's, Punit Paranjpe, Tom Cruise, Shivaji Rao Gaekwad, jubilation, John Lennon, Padma Bhushan, Vibhushan, India’s, Kollywood ”, “, Oscar, M.M, Keeravani Organizations: CNN, Redbooks, Le, Getty, Padma, Confederation of Indian Industry, Globe, Carpenters, The Carpenters Locations: South India, Kerala, Tamil Nadu, Mumbai, AFP, Bengaluru, Chennai

☆ Rahul Gandhi: Indian court stays conviction, paving way for return as lawmaker
▼ + stars: | 2023-08-04 | by ( Rhea Mogul | ) edition.cnn.com time to read: +3 min

CNN —India’s top court on Friday stayed Rahul Gandhi’s defamation conviction, offering a crucial reprieve for the embattled former chair of the country’s main opposition party who was disqualified as a lawmaker following a trial he maintained was politically motivated. Gandhi’s Congress party decried the conviction, accusing Modi of using the courts as a way to expel him from parliament and silence his critics. Since then, the opposition leader has been in and out of courtrooms, fighting for a suspension of his sentence that would allow him to be reinstated as a lawmaker. Gujarat is the state Modi used to run before becoming prime minister. His grandmother Indira Gandhi was India’s first female leader, and his great-grandfather, Jawaharlal Nehru, was the country’s founding Prime Minister.

Persons: CNN —, Rahul Gandhi’s, Narendra Modi, Gandhi’s, KC Kaushik, ” Gandhi, Modi, K.C, Kaushik, Gandhi, Rajiv Gandhi, Indira Gandhi, India’s, Jawaharlal Nehru Organizations: CNN, Press Trust of, Indian National Congress, Gandhi’s, BJP, Indian Locations: Press Trust of India, Gujarat, India, Karnataka, INDIA, BJP, Tamil Nadu

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