Author: Admin
Most US iPhones will be made in India now: Apple Tim Cook
Apple is shifting its iPhone manufacturing hub to India for US-bound shipments starting in the June quarter, with Foxconn and Tata Group scaling up production. This strategic move aims to … Read More
Vodafone Idea to amend shareholders’ pact to retain promoter control despite government’s 49% stake
Vodafone Idea’s board has approved amending its shareholder agreement, lowering the qualifying threshold to 10% and excluding the government’s stake for governance. This allows Aditya Birla Group and Vodafone Group … Read More
Donald Trump’s 2026 budget pushes spending cuts, expands national security focus
President Trump’s 2026 budget proposes significant cuts to non-defense spending, totaling $163 billion, while increasing national security expenditures. The plan targets diversity and climate initiatives but lacks details on income … Read More
Apple shares slide as tariff woes prompt cut in buyback program
Apple’s shares declined by 5% following a $10 billion reduction in its stock buyback program and a $900 million cost impact due to US-China trade tensions. CEO Tim Cook cited … Read More
RBI imposes penalties on ICICI Bank, Bank of Baroda, 2 other lenders
The Reserve Bank of India (RBI) has levied penalties on ICICI Bank, Bank of Baroda, IDBI Bank, and Bank of Maharashtra for regulatory compliance deficiencies. ICICI Bank faces a Rs … Read More
Wall Street rally after jobs report; Dow surges over 400 points, S&P 500 nears 20-year milestone
US stock markets surged following a robust April jobs report, with major indexes hitting new highs. The Dow soared by 434.80 points, while the S&P 500 was on track for … Read More
US labour market adds 177,000 jobs in April, unemployment rate holds steady at 4.2%
US nonfarm payroll employment increased by 177,000 in April, while the unemployment rate remained steady at 4.2 percent. Notable job growth occurred in health care, transportation, warehousing, financial activities, and … Read More
India’s forex reserves rise to $ 688.13 billion for 8th straight week
India’s foreign exchange reserves increased for the eighth consecutive week, reaching $688.129 billion. The rise was primarily driven by an increase in foreign currency assets, although gold reserves saw a … Read More