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Hindustan Times
an hour ago
- Business
- Hindustan Times
Apple's India push deepens with Foxconn locally producing iPhone casings- Details
Apple is gradually increasing its manufacturing and assembly centres in India to develop iPhones. As it continues to deepen ties with the country, Apple's Taiwanese-based manufacturing giant, Foxconn, is in talks to produce iPhone casings locally in India. The company is also building a new manufacturing unit in the country to develop the metal-based casing for the iPhone, making a huge step for Apple as well as India. This move is expected to be beneficial for India as it deepens the country's position in the global market and also encourages the growth of local suppliers. On the other hand, it will reduce Apple's dependence on China for manufacturing major iPhone components and shipping them to the US at a much higher price, considering the growing tariffs in the country. Also read: Foldable iPhone may launch soon with crease-free display, new hinge tech According to an Economic Times report, one of Apple's major manufacturing companies, Foxconn, is building a new unit in ESR Industrial Park in Oragadam, Tamil Nadu. This new manufacturing unit will solely focus on developing metal chassis for iPhones. Earlier, these metal casings were developed by Tata Electronics for Apple. However, now Foxconn is also reported to contribute, and the construction of the new unit is already in the works. But what does it mean for Foxconn? Well, it suggests that it will contribute to a greater percentage of iPhone production, which is done locally. Although the physical casing of the iPhone contributes to only 2 to 3% of the total cost of developing an iPhone. While Apple is growing ties with India, US President Donald Trump is not very happy with the move. Also read: iPhone 17 Air likely to come with optional accessories for lasting battery life- Details In previous interactions with Tim Cook, the President clearly stated that he is not very happy with Apple assembling and exporting iPhones from India or any other country in the world. Trump plainly stated, 'I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.' However, the warning is surely not affecting Apple as it continues to build iPhones in India and ship them to the US at a much lower price. However, with rapidly changing decisions and traffic by the US government, it is unclear how long the decision will last and how it will affect Apple and the end buyers.
Time of India
an hour ago
- Business
- Time of India
Fourth Partner Energy Appoints Shujath Bin Ali as Chief Legal Officer to head Legal and Compliance
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Private equity major TPG and Norwegian investment fund Norfund-backed renewable energy developer Fourth Partner Energy has appointed Shujath Bin Ali as its Chief Legal Officer to lead the company's legal, compliance, and governance Hyderabad-headquartered Fourth Partner Energy also counts IFC, a member of the World Bank Group, the Asian Development Bank and Germany's impact fund DEG, among its alumnus of Osmania University and also a member of the Institute of Company Secretaries of India (ICSI), Shujath Bin Ali started his career with Valtech in 2003. In March 2004, he joined Fanuc India Pvt Ltd and subsequently joined Deloitte, where he rose to become Associate Vice President, Head of Legal and Company Secretary. He has also worked with International Paper India and PAREXEL International – India as Senior Director, General Counsel, Compliance Officer & Company joining Fourth Partner Energy, Shujath Bin Ali also served as Global General Counsel & Chief Compliance Officer at KKR-backed company Re Sustainability.'Shujath is a subject matter expert and dynamic industry leader. He is open to innovative ideas and always thinks outside the box,' said a senior executive who has worked with him. 'He is a complete team player, and be it with his superiors, colleagues or his team members, they speak highly about him,' he development comes at a time when India is witnessing heavy expansion and investment in the sector. The country has logged a threefold growth in its renewable power capacity in the last decade, with the installed green energy capacity reaching GW, including large hydro plants, compared to 75.52 GW capacity in March 2014, according to certain media has set an ambitious target of having 500 GW of renewable energy capacity by 2030, which requires the addition of about 50 GW of green capacity per annum in the next five to six years, suggests the reports.
Time of India
an hour ago
- Politics
- Time of India
Iran is using cluster bombs against Israel: What are these bombs and why are they banned in war?
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Israel on Thursday accused Iran of launching at least one missile carrying cluster munitions , marking the first reported use of such weapons in the seven-day-old conflict. According to Israeli officials, the missile dispersed submunitions designed to increase civilian casualties, raising serious humanitarian concerns Cluster bombs, a type of cluster munition, are designed to release numerous smaller explosives—known as submunitions—over a wide area. These weapons can be dropped from aircraft or launched from the ground. Once deployed, the main shell opens mid-air and scatters submunitions across an area equivalent to several football of the most controversial aspects of cluster munitions is their long-term danger. Some submunitions fail to explode on impact and remain lethal for years, posing significant risks to civilians and hindering post-conflict recovery. Removing unexploded ordnance is both costly and in March, Russia used cluster bombs in an attack on Ukraine's eastern region of Dobropillia. The strike targeted the town center, killing 11 people and injuring 40 others. The incident drew international condemnation and renewed scrutiny over the use of such weapons in civilian munitions have a long and contentious history. According to the International Committee of the Red Cross , they were first used during World War II and saw significant stockpiling during the Cold War. Their primary military objective has been to neutralize multiple targets—such as tanks or infantry units—spread over a wide use of cluster munitions in populated areas is banned under international law by more than 120 countries, though key nations including the United States, Russia, and Iran have not signed the Convention on Cluster Munitions
Time of India
an hour ago
- Automotive
- Time of India
Gorakhpur Link Expressway inaugurated: Check route, toll charges, opening date, entry and exit points
Gorakhpur Link Expressway Key routes: Live Events What are starting and ending points? Starting point: Jaitpur (District-Gorakhpur) NH-27 Ending Point: Salarpur (District Azamgarh) at Purvanchal expressway. (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Uttar Pradesh Chief Minister Yogi Adityanath on Friday inaugurated the Gorakhpur Link Expressway on Friday, marking a major boost to road connectivity in India's most populous expressway connects Jaitpur near National Highway-27 in Gorakhpur to Salarpur in Azamgarh, linking directly to the Purvanchal expressway. It passes through four districts—Gorakhpur, Sant Kabir Nagar, Ambedkar Nagar, and as a four-lane, fully access-controlled road, the expressway is designed for future expansion to six Gorakhpur Link Expressway stretches from Jaitpur (near NH-27) in Gorakhpur to Salarpur in Azamgarh, where it gets connected to the Purvanchal four districts — Gorakhpur, Sant Kabir Nagar, Ambedkar Nagar and Azamgarh — the fully access-controlled, four-lane expressway is designed for future expansion to six project, including land acquisition, costs Rs 7,283.28 was divided into two phases -- Jaitpur to Phulwaria (48.317 km) by APCO Infratech Pvt Ltd and Phulwaria to Salarpur (43.035 km) by Dilip Buildcon Ltd The expressway will reduce travel time between Gorakhpur city and its southern areas such as Urwa, Dhuriyapar, Khajni and Belghat, the statement from Gorakhpur to Urwa, which currently takes around an hour, will now take just 20–25 minutes via the expressway. Moreover, the expressway provides a swift and convenient route from Gorakhpur to its access-controlled design and linkage to the Purvanchal Expressway, the journey from Gorakhpur to Lucknow will take just about three and a half hours. The route also offers improved connectivity to Delhi and Agra, ensuring a faster and safer travel toll charges are yet to be announced by the government. However, it is expected that the charges could be similar to that of Purvanchal Yogi Adityanath said that the work of the Agra-Lucknow Expressway was half done but during his tenure projects related to six expressways in the state have been completed."The work on the Agra Lucknow Expressway was half done. Today I am happy to tell you that we have completed six projects. You are witnessing the journey of the Purvanchal Expressway. We are continuously building it since 2021. In 2022, the Bundelkhand Expressway has been started. It is 300 km long. The 340 km long Purvanchal Expressway has already been completed and its connectivity to Patna is about to be completed. Now remember how easy the connectivity from Patna to Lucknow and Lucknow to Delhi will become", CM Yogi stated that the 340 km-long Purvanchal Expressway is about to extend its connectivity to Patna.
Time of India
an hour ago
- Politics
- Time of India
Act immediately to retrieve Guru Granth Sahib 'saroops' from Iran: NAPA urges SGPC
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The North American Punjabi Association on Friday appealed to the Shiromani Gurdwara Parbandhak Committee and the broader Panthic leadership to safeguard the sacred 'saroops' of the Guru Granth Sahib kept at a gurdwara in war-hit Iran's Singh Chahal, the executive director of the association, urged the SGPC to immediately arrange a chartered aircraft and deploy a group of five dedicated Sikhs to accompany the 'saroops' (physical copy of Guru Granth Sahib) back home with full to SGPC president Harjinder Singh Dhami appealing to the Union government to arrange for the transportation of the 'saroops' to India, Chahal said the gurdwara management body has the resources and moral responsibility to act independently in the matter."This is not the time to rely solely on appeals to the Union government. Time is of the essence, and any delay could lead to irreparable consequences."We cannot afford to wait for bureaucratic processes. The safety and sanctity of Guru Granth Sahib Ji's saroops must be our top priority," Chahal the urgency of the matter, especially amid the escalating conflict in the region, Chahal warned that relying on the central government's decision-making could result in dangerous delays."The SGPC has the resources and moral responsibility to act independently in this religious matter," he said.
