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NEW DELHI, March 24 (Reuters) - Apple Inc's (AAPL.O) Taiwanese supplier Pegatron Corp (4938.TW) is in talks to open a second India factory, said two sources with direct knowledge of the matter, as the U.S. tech giant's partners continue to diversify production away from China. Pegatron currently accounts for 10% of Apple's iPhone production in India on an annualised basis, research firm Counterpoint said. The talks for starting a second Pegatron facility on lease are ongoing and it will be located inside Mahindra World City near Chennai, just around where the company inaugurated the first plant in September 2022. India is the second biggest smartphone market in the world, where Apple also plans to assemble iPad tablets and AirPods. Last week, Reuters reported Foxconn has plans to build a $200 million factory in India to produce the wireless earphones for Apple after winning a contract.

☆ Coffee-powered Bopanna becomes oldest Masters champion at Indian Wells
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +2 min

March 19 (Reuters) - Coffee connoisseur Rohan Bopanna credited the special Indian blends he consumes on Tour for his success after the 43-year-old became the oldest ATP Masters 1000 champion by winning the men's doubles title on Saturday. "It's the Indian coffee that I keep having when travelling. Some days I tell Matt I maybe just practised 20 minutes, but I'd rather rest the body and be ready for our matches," Bopanna said. Really happy with that." Indian doubles great Mahesh Bhupathi hailed former playing partner Bopanna's longevity and ability to peak late in his career.

☆ Apple and Foxconn efforts win labour reforms to advance Indian production plans - FT
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Apple Inc logo is shown outside the company's 2016 Worldwide Developers Conference in San Francisco, California, U.S. June 13, 2016. The legislation led to introduction of laws that now allows 12-hour shifts, as well as night-time work for women, similar to company practices in China, the report said. The report comes a week after the Karnataka government said that Apple Inc's iPhones would soon be assembled in the state and that a total of 300 acres have been set aside for a factory. Apple, Foxconn and the Karnataka government did not immediately respond to Reuters' requests for comment. Reporting by Akriti Sharma and Kanjyik Ghosh in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Taiwan's Foxconn seeks chip, EV cooperation with India
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

Taiwan's Foxconn, the world's largest contract electronics maker and formally called Hon Hai Precision Industry Co Ltd, said Liu had visited India from Feb. 27 to Saturday. "My trip this week supported Foxconn's efforts to deepen partnerships, meet old friends and make new ones, and seek cooperation in new areas such as semiconductor development and electric vehicles," Liu said in a statement. Foxconn has ambitious plans to make EVs, and is also looking to make chips. He did not mention any new concrete investment plans in the country, and Foxconn has not announced any since his trip. Currently, iPhones are assembled in India by at least three of Apple's global suppliers - Foxconn and Pegatron (4938.TW) in Tamil Nadu, and Wistron in Karnataka.

☆ Apple supplier Foxconn is on the hunt for semiconductor and EV deals in India
▼ + stars: | 2023-03-04 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Taiwan’s Foxconn has been looking to expand its operations in the South Asian giant after suffering severe supply disruptions in China last year. “India is a country with a large population,” Young Liu, the company’s chairman and CEO, said in a Saturday statement. The company, best known for making Apple (AAPL)’s iPhones, is one of the world’s biggest contract makers of electronics. India has emerged as an attractive potential alternative to China for the likes of Apple. Apple devices are currently manufactured in India by Foxconn, Wistron and Pegatron, which are all Taiwanese companies.

☆ Apple iPhones to be assembled at new plant in India's Karnataka state
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, March 3 (Reuters) - Apple Inc's (AAPL.O) iPhones will soon be assembled at another site in the southern Indian state of Karnataka and 300 acres have been aside to set up a factory, the state government said on Friday. Bloomberg News had earlier reported that Apple partner Foxconn Technology Group planned to invest about $700 million in the Karnataka site to ramp up local production. The state's investment promotion division said in a tweet that the move would generate 100,000 employment in the next 10 years. Currently, iPhones are assembled in India by at least three of Apple's global suppliers - Foxconn and Pegatron (4938.TW) in Tamil Nadu, and Wistron (3231.TW) in Karnataka. read moreReporting by Ashish Chandra in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ In pivot away from China, iPhone supplier to build factory in India: Report
▼ + stars: | 2023-03-03 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Foxconn , one of Apple' s largest suppliers and a major manufacturer of iPhone components, will invest around $700 million to build a new plant in India's Karnataka state, Bloomberg reported Friday. Bloomberg, citing people familiar with the matter, said Foxconn will build an iPhone parts plant on a 300-acre site near Bengaluru's Kempegowda International Airport. The effort will be one of the largest investments by Foxconn in India, Bloomberg reported. Those lockdowns prompted widespread national dissent, and videos of Foxconn employees fleeing the company's iPhone manufacturing facility spread widely on Western social media. Foxconn already maintains a presence in India through a Chennai-proximate factory in eastern India.

NEW DELHI, Feb 28 (Reuters) - New Delhi city authorities have warned Uber (UBER.N) and its rival Ola for allegedly violating local transport rules by providing two-wheeler bike taxis, a senior government official told Reuters on Tuesday. As of Tuesday, bike taxis continue to be available for booking on Uber and Ola apps in New Delhi. Uber says in 2022, more than 1.9 million trips took place to and from metro rail stations in Delhi on Uber Moto, its bike taxi service. For drivers of bike taxis, the penalties could be as high as 10,000 rupees ($121) and a jail term of up to one year. The enforcement of rules for bike taxis by Delhi government follows similar moves by Maharashtra and Karnataka states.

☆ India's sugar output could fall further as cane matures early
▼ + stars: | 2023-02-20 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +3 min

Lower sugar output could prevent the world's second-biggest exporter from allowing additional exports, potentially supporting global prices , , and helping rivals Brazil and Thailand to increase their shipments. Another global trade house has reduced output estimate to 32.4 million tonnes, anticipating a big drop in Maharashtra's production to around 11.3 million tonnes. Maharashtra's sugar cane commissioner was expecting the state to produce 12.8 million tonnes. "The cane crop is just 10 months old, but started flowering last month and losing weight," Avinash Thombare, a sugar cane grower from Satara district, said, as he showed the crop with white flowers. India has allowed sugar mills to export only 6.1 million tonnes of the sweetener in the current season, down from the record 11 million tonnes exported in the previous season.

☆ Apple supplier Salcomp to boost Indian workforce to 25,000
▼ + stars: | 2023-02-13 | by ( Praveen Paramasivam | ) www.reuters.com time to read: +2 min

[1/2] A salesperson speaks to a customer at an Apple reseller store in Mumbai, India September 1, 2021. REUTERS/Francis Mascarenhas/File PhotoCHENNAI, Feb 13 (Reuters) - Finland's Salcomp, a supplier to Apple (AAPL.O), is planning to more than double its workforce in India to nearly 25,000 over the next three years, a company executive said on Monday. And India is poised to be one of the best alternatives," said Sasikumar Gendham, managing director, Salcomp Manufacturing India. Salcomp, a major supplier of chargers to the iPhone maker, is also setting up a housing complex with entertainment and education for about 15,000 people, said Gendham. Foxconn (2317.TW), another Apple supplier, also plans to quadruple the workforce at its iPhone factory in India over two years, Reuters had reported last year.

☆ Is the iPhone's 'Made in India' era beginning as Apple breaks with China?
▼ + stars: | 2023-02-10 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

Minister of Commerce and Industry Piyush Goyal said Apple was already making between 5% and 7% of its products in India. His comments come at a time when Foxconn (HNHPF), a top Apple supplier, is looking to expand its operations in India after suffering severe supply disruptions in China. For years, Apple had relied on a vast manufacturing network in China to mass produce iPhones, iPads and other popular products. China headaches mountBut the world’s most valuable company posted shockingly weak earnings this month, partly because of its recent problems in China. According to Counterpoint’s Pathak, India accounts for 16% of the global smartphone production, while China constitutes 70%.

☆ Exclusive: Indian sugar mills to close early as rain hits cane supply - govt official
▼ + stars: | 2023-01-27 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +3 min

India has allowed sugar mills to export only 6.1 million tonnes of the sweetener in the current season and, out of that, mills have already contracted to export 5.7 million tonnes. Sugar mills in Maharashtra were operational until mid-June in 2021/22 as they were struggling to harvest a record crop. LOWER EXPORTSIn 2021/22 Maharashtra produced a record 13.7 million tonnes, higher than the initial estimate of 11.2 million tonnes, allowing New Delhi to export a record 11.2 million tonnes. As the sugar exports quota was nearly exhausted, the Indian Sugar Mills Association and other trade bodies were requesting the government to allow additional exports of up to 4 million tonnes. India mainly exports sugar to Indonesia, Bangladesh, Malaysia, Sudan, Somalia and the United Arab Emirates.

The law minister said in the upper house of the parliament in December that 165 high court judges were appointed last year against 331 vacancies. A bill passed by parliament to change the process was rejected by the Supreme Court in 2015. The dispute has exacerbated a shortage of high court judges and a backlog of cases. Several lawyers and retired judges told Reuters they believed the government was seeking to influence the judiciary, which would be unconstitutional. When asked about Naik's case, a senior law ministry official said the government's decisions about appointments are confidential.

☆ Former Wells Fargo VP faces charges of sexual harassment, obscenity, and 'insulting the modesty' of a 72-year-old woman after officials say he drunkenly peed on her during a flight
▼ + stars: | 2023-01-08 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Shankar Mishra, a former Wells Fargo VP, was arrested in India on Saturday, local outlets reported. Officials accused Mishra of drunkenly urinating on a 72-year-old woman on an Air India flight in November. After a search to locate him, Mishra now faces charges including sexual harassment for the incident. In response to the incident, Air India is reconsidering its policy of serving alcoholic beverages, Mirror Now reported. Representatives for Wells Fargo did not immediately respond to Insider's requests for comment.

☆ No spending spree likely in last full Indian budget before 2024 election: Reuters poll
▼ + stars: | 2022-12-22 | by ( Vivek Mishra | ) www.reuters.com time to read: +4 min

BENGALURU, Dec 22 (Reuters) - The Indian government will focus on fiscal consolidation in its Feb. 1 budget, the last full one before a 2024 general election, according to a Reuters poll of economists who said slowing economic growth would limit it from spending more. That will likely limit the government's ability to provide relief to households and businesses facing an uneven recovery from the pandemic. Economic growth likely slowed sharply to an annual 4.6% in the December quarter from 6.3% reported in the preceding quarter. Sitharaman's expected fiscal prudence coincides with state assembly elections in Karnataka, Chhattisgarh, Madhya Pradesh and Rajasthan in 2023, which would likely discourage the government from making deep cuts to social welfare. Among those who expect it to be a more populist budget, some said the government would announce new subsidies, an increase in healthcare and rural spending to boost jobs.

☆ India court quashes tax dept's $448 mln block on Xiaomi's deposits -sources
▼ + stars: | 2022-12-16 | by ( Aditya Kalra | ) www.reuters.com time to read: +1 min

NEW DELHI, Dec 16 (Reuters) - An Indian court has quashed the income tax department's block on China-based Xiaomi Corp's (1810.HK) fixed deposits worth 37 billion rupees ($447.65 million), two people familiar with court proceedings said on Friday. Xiaomi and the income tax department did not immediately respond to Reuters' requests for comment. Indian tax officials froze the funds in February as part of an investigation into alleged tax evasion. read moreThe investigation concerned allegations that the Chinese company purchased smartphones from its contract manufacturers at inflated costs in India, allowing it to record a smaller profit by selling them to customers and evading corporate income taxes, Reuters reported in May. A court is yet to pronounce a decision on the case following Xiaomi's challenge.

☆ Gold flat, set for weekly fall on hawkish Fed
▼ + stars: | 2022-12-16 | by ( ) www.cnbc.com time to read: +1 min

Gold jewelry at a store ahead of the festival of Diwali in New Delhi, India on Sunday, Oct. 23, 2022. Gold prices were flat on Friday and set for a weekly loss, pressured by expectations of higher interest rates for a longer period by the U.S. Federal Reserve. Spot gold was steady at $1,776.85 per ounce as of 0028 GMT, having fallen more than 1% this week. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.3% to 913.88 tons on Thursday. Spot silver rose 0.1% to $23.06, platinum lost 0.1% to $1,005.14 and palladium was down 0.2% to $1,787.50.

☆ EXCLUSIVE India mills renegotiate, default on sugar export deals to catch rising prices -dealers
▼ + stars: | 2022-11-15 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +3 min

The renegotiations and defaults by mills in India, the world's second biggest sugar exporter, could support global prices . Mills started selling sugar to trade houses in late August and signed deals to supply around 2 million tonnes of sugar for export even before New Delhi approved an export quota of 6 million tonnes earlier this month. They are threatening to default unless buyers are ready to renegotiate at higher prices," said a Mumbai-based dealer with a global trade house. The defaults by mills in Maharashtra are forcing trade houses to make purchases from mills in the northern state of Uttar Pradesh, dealers said. Indian mills have so far signed contracts to export 4 million tonnes of sugar during November to February, they said.

Foxconn, formally called Hon Hai Precision Industry Co Ltd, opened the India plant in 2019 and has been ramping up production. Foxconn has shared its plans with Tamil Nadu officials about accelerating its hiring efforts at the Indian plant due to disruptions in China, said the first government source. "We are gradually increasing our production scale there," the person said, declining to give details on its hiring plans in India. The second government source in India, a senior official in the Tamil Nadu administration, said the state government was working with Foxconn in "finalising" the expansion. Currently, iPhones are assembled in India by at least three of Apple's global suppliers: Foxconn and Pegatron (4938.TW) in Tamil Nadu; and Wistron (3231.TW) in nearby Karnataka state.

BALLARI, India, Oct 17 (Reuters) - Members of India's opposition Congress party voted on Monday to elect its first head in nearly 25 years from outside the Nehru-Gandhi dynasty of leaders, with a veteran loyal to the family expected to win. "We are strongly supporting Kharge and expect he will get 80% to 90% of the votes of party delegates," Ajay Kumar Lallu, a Congress delegate from the most populous state of Uttar Pradesh, told Reuters. "Kharge represents the ideology of the party, has the support of the senior leadership, and is likely to work by taking along party workers," Lallu added. He was speaking as Congress's Bharat Jodo Yatra, or march to unite India, arrived in the district of Ballari in the southern state of Karnataka. Kharge has said he was seeking the "support of the delegates to strengthen Congress for a better India".

☆ India's main opposition stages rally to mark 1,000 km of its protest march
▼ + stars: | 2022-10-15 | by ( Manoj Kumar | ) www.reuters.com time to read: +2 min

BALLARI,India, Oct 15 (Reuters) - India's main opposition Congress party held a huge public rally in the southern Indian state of Karnataka on Saturday, accusing the government of not doing enough to contain inflation and create promised jobs for young people. Tens of thousands of people came to the public meeting, organised to mark 1,000 km (620 miles) of the party's five-month-long protest march named Bharat Jodo Yatra or Unite India rally. Register now for FREE unlimited access to Reuters.com Register"The Prime Minister used to complain an LPG (cooking gas) cylinder cost 400 rupees. "I hope the Congress can still come back, at least in the state of Karnataka," he said, referring to elections next year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Manoj Kumar; editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

Karnataka state's ban on the garment in schools in February unleashed protests by Muslim students and their parents. "We have a divergence of opinion," said Supreme Court Justice Hemant Gupta, one of two judges on the panel. The chief justice would set up a larger bench to further consider the case, they said but did not say by when that could happen. Supreme Court decisions apply nationwide. "Hopefully, the chief justice will set up the larger bench soon and we will have a definitive verdict," he said by telephone.

☆ India bans Islamic group PFI, accuses it of terrorism
▼ + stars: | 2022-09-28 | by ( Krishna N. Das | ) www.reuters.com time to read: +4 min

A man walks past the old office of Popular Front of India (PFI) Islamic group, in New Delhi, India, September 28, 2022. REUTERS/Anushree FadnavisSummary Bans imposed on PFI, eight affiliates for five yearsGovernment says PFI involved in 'terrorism'PFI dissolves itself - statementPFI student wing CFI decries 'vendetta'NEW DELHI, Sept 28 (Reuters) - India declared the Popular Front of India (PFI) Islamic group and its affiliates unlawful on Wednesday, accusing them of involvement in terrorism and banning them for five years, after authorities detained more than 100 PFI members this month. The PFI's now-banned student wing, the Campus Front of India (CFI), called the government action a political vendetta and propaganda. The government said in a notification it had banned the PFI and affiliates CFI, Rehab India Foundation, All India Imams Council, National Confederation of Human Rights Organisation, National Women's Front, Junior Front, Empower India Foundation and Rehab Foundation, Kerala. The PFI came together in late 2006 and was launched formally the next year with the merger of three organisations based in south India.

☆ India to offer more incentives for local chip, display manufacturing
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. The announcement comes as Prime Minister Narendra Modi's government seeks to attract more big-ticket investments under a $10 billion incentive plan for chip and display production, aiming to make India a key player in the global supply chain. Register now for FREE unlimited access to Reuters.com RegisterThe government had previously agreed to cover between 30% and 50% of the cost of setting up new display and chip plants. It said on Wednesday that it will also cover 50% of the capital expenditure required to set up semiconductor packaging facilities. Last week oil-to-metals conglomerate Vedanta and Taiwan's Foxconn (2317.TW) signed a pact with India's Gujarat to invest $19.5 billion in the western state to set up semiconductor and display production plants.

☆ India evacuează mii de oameni de pe coasta sa de vest, din cauza unui ciclon devastator. Cel puţin 6 persoane au murit
▼ + stars: | 2021-05-17 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

India evacuează mii de oameni de pe coasta sa de vest, din cauza unui ciclon puternic care a ucis cel puţin 6 oameni şi care ar urma să ajungă marţi dimineaţă în statul Gujarat, transmite g4media.ro. Se aşteaptă ca ciclonul să traverseze Gujarat cu rafale de vânt de până la 175 km/h. Mai la sud, 31 de bărci înregistrate în statul Tamil Nadu erau date dispărute, a declarat un oficial al gărzii de coastă pentru Reuters. Comitetul naţional de gestionare a crizelor a prezidat, duminică, o întâlnire cu diferite state şi a declarat că aproape 80 de echipe de gestionare a dezastrelor au fost desfăşurate în diferite state. În Gujarat, ciclonul va provoca dificultăţi pentru administraţia de stat care se ocupă de un număr mare de pacienţi cu COVID-19.

Persons: Ciclonul Organizations: Reuters Locations: India, Gujarat, Indiei, Goa, Karnataka, Tamil, Vijay, Maharashtra, Mumbai, Mundra, Portul, ţară, Mehta, Kandla

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