Apple iPhone prices may come down as the THIS iPhone production company of China now plans to...
Apple iPhone price
Good news for Apple users in India: In a significant good news for India amid the threats of US President Donald Trump forcing Apple to move out of its India business, Hon Hai Precision Industry, the main iPhone production company associated with Apple Inc., is reportedly planning to close its production in China. Instead, the Apple manufacturer is planning to expand its iPhone manufacturing unit in India. Here are all the details you need to know about the recent good news on Apple production in India.
In the recent development, Taiwanese company has announced that it will be investing Rs 13000 crore in India to build a new plan plan in South India. As per the Taiwan Exchange Filing made by Hon Hai Precision Industry, the company wants that most of the iPhones sold in America should be Made in India. US President Trump threatens 25 pc penalties on Apple
In a recent statement that shocked the world, US President Donald Trump threatened a 50 per cent tax on all imports from the European Union as well a 25 per cent tariff on Apple products unless iPhones are made in the United States of America, as per a report covered by IANS.
'The threats, delivered over social media, reflect Trump's ability to disrupt the global economy with a burst of typing, as well as the reality that his tariffs have yet to produce the trade deals he is seeking or the return of domestic manufacturing he has promised voters,' reported The Associated Press about the move.
The Republican President said he wants to charge higher import taxes on goods from the EU than from China, Xinhua news agency reported.
'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 US. Thank you for your attention to this matter!' Trump said.
(With inputs from agencies)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
37 minutes ago
- News18
Sacheerome IPO Allotment In Focus Today: A Step-By-Step Guide To Check Status Online, Know GMP
Last Updated: The allotment of the Sacheerome IPO, which received a whopping 312.94 times subscription, will be finalised today, June 12. The latest GMP indicates 47.06% listing gains. Sacheerome IPO Allotment Today: The Sacheerome IPO allotment is set to be finalised today, June 12, in the evening. After the basis of allotment is finalised, investors will start receiving bank debit messages. They can also check the allotment status online on the websites of BSE and NSE, as well as on registrar Link Intime's portal. Here's the latest GMP, as well as a step-by-step guide to check allotment status. The Sacheerome IPO was open for public subscription between June 9 and June 11. On the final day of bidding on Wednesday, the Rs 61.62-crore NSE SME IPO received a whopping 312.94 times subscription, garnering bids for 1,25,76,46,800 shares as against 40,18,800 shares on offer. The retail and NII participation stood at 180.28 times and 808.56 times, respectively. The qualified institutional buyers (QIB) category has received a 173.15 times subscription so far. Sacheerome IPO: A Step-By-Step Guide To Check Allotment Status The Sacheerome IPO allotment will take place on Thursday, June 12. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Sacheerome Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. You can also visit directly on the registrar Link Intime's portal — and check the Sacheerome IPO allotment status. The allotment status can also be checked on the NSE's website at Sacheerome IPO GMP Today & Listing Date According to market observers, unlisted shares of Sacheerome Ltd are currently trading at Rs 150 apiece in the grey market, which is a 47.06% premium or GMP over the IPO price of Rs 102. It indicates decent listing gains for investors on June 16, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Listing Date: Shares of Sacheerome Ltd are scheduled to be listed on the NSE's SME platform on June 16. Sacheerome IPO: More Details The Sacheerome IPO, which is a bookbuilding of Rs 61.62 crore, is entirely a fresh issue of 60.41 lakh shares. The price of the IPO was fixed at Rs 102 per share. The minimum lot size for an application was 1,200. The minimum amount of investment required by retail investors was Rs 1,22,400. The bidding could be done in multiple of 1,200. The public offer was opened for subscription on June 9, 2025, and closed on June 11, 2025. The allotment for the Sacheerome IPO is expected to be finalised on Thursday, June 12, 2025. It will be list on the NSE SME with a tentative listing date fixed as Monday, June 16, 2025. About Sacheerome Ltd Sacheerome Limited, founded in June 1992, designs and manufactures fragrances and flavours for B2B FMCG clients in India and globally. Its fragrances cater to sectors like personal care, home care, and wellness, while its flavours serve beverages, bakery, dairy, nutrition, oral care, and more. Location : New Delhi, India, India First Published: June 12, 2025, 06:35 IST News business » ipo Sacheerome IPO Allotment In Focus Today: A Step-By-Step Guide To Check Status Online, Know GMP
Time of India
38 minutes ago
- Time of India
Marines prepare to deploy in LA as more cities brace for protests
LOS ANGELES: Hundreds of US Marines were undergoing refresher training in riot and crowd control just outside of Los Angeles and will move into the city soon, a military official said, as protests over President Donald Trump's immigration raids spread from California to other parts of the country. Tired of too many ads? go ad free now Trump's decision to dispatch National Guard troops and Marines to Los Angeles over the objections of California's governor has sparked a national debate on the use of the military on US soil. The Marines will be in Los Angeles "soon" but not on Wednesday, US army Major General Scott Sherman, who is commanding the troops, told reporters at a news briefing. Sherman said they are authorised to detain individuals temporarily. "These soldiers do not conduct law enforcement operations like arrests or search and seizure. They are strictly used for the protection of the federal personnel as they conduct their operations and to protect them to allow them to do their federal mission," Sherman said. The Marines are trained to use their weapons for personal protection but their rifles would not be loaded with live ammunition during the deployment, Sherman said. The Marines are taking a two-day training course on how to handle civil disturbances, he said. Texas governor is the first to call in the National Guard The governor of Texas, Republican Greg Abbott, said he will deploy the National Guard on Wednesday ahead of planned protests in San Antonio and other parts of the state, making him the first governor to take that step. Police in Austin, Texas, fired tear gas and pepper balls in a standoff with demonstrators on Monday. Tired of too many ads? go ad free now Protests spread to New York, Atlanta, Chicago Protesters marched in New York, Atlanta and Chicago on Tuesday night, chanting anti-US Immigration and Customs Enforcement slogans and at times clashing with law enforcement, while downtown Los Angeles spent its first night under a mandatory curfew after five days of demonstrations. Some demonstrators in Chicago threw water bottles at police officers and vandalised at least two vehicles. In New York, officers made dozens of arrests near federal buildings in Lower Manhattan, the police said. In Atlanta, they used chemical agents and physical force to drive a few dozen protesters from their foothold on a highway. More protests were planned in several cities on Wednesday, including Las Vegas, Los Angeles, New York, Minneapolis, San Antonio and Seattle. The protests are likely to expand on Saturday, when several activist groups have planned hundreds of anti-Trump demonstrations across the country. That day Washington, DC, hosts a military parade marking the US army's 250th anniversary and coinciding with Trump's 79th birthday. Since protests began last Friday, hundreds of people have been arrested in several cities, including more than 330 in Los Angeles, more than 240 in San Francisco and a dozen in Austin, Texas, officials said. It is Trump vs California Trump says the military deployment in Los Angeles prevented the violence from raging out of control, an assertion California governor Gavin Newsom and other local officials have decried as untrue. "This brazen abuse of power by a sitting president inflamed a combustible situation, putting our people, our officers and even our National Guard at risk. That's when the downward spiral began," Newsom said in a video address on Tuesday. Los Angeles Mayor Karen Bass said the deployments were not necessary and that local police could manage the protests, which have been largely peaceful and limited to about five downtown streets. But the mayor imposed a curfew over one square mile of the city's downtown starting Tuesday night after some businesses were looted. Police said multiple groups stayed on streets in some areas despite the curfew and "mass arrests" were made. agencies
Economic Times
39 minutes ago
- Economic Times
US stock futures, dollar dip on tariff threat
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads US equity-index futures dipped along with the dollar after President Donald Trump said he will set unilateral tariff rates within two weeks, dialing up trade tensions once again. Oil jumped on tensions in the Middle for the S&P 500 and the Nasdaq 100 fell 0.2% after Trump said he will send letters to countries setting tariff rates within the next two weeks. The dollar weakened against all of its Group-of-10 peers with the yen among the biggest gainers. Gold rose as much as 0.6% on demand for safe havens. Asian shares were mixed at the extended its biggest daily gain since October after the US ordered some staff to depart its Baghdad embassy and allowed military service members' families to leave the Middle East amid rising security risks. West Texas Intermediate rose as much as 1.7% to $69.29 after jumping 4.9% it's unclear if Trump will follow through with his pledge - the president has often set two-week deadlines for actions, only for them to come later or not at all. The comments come a day after Chinese and US officials struck a positive tone following their talks to dial down trade tensions. Amid US talking with countries including India and Japan to lower the levies, some investors see Trump's comments as an effort to ramp up urgency in talks.'Common sense would suggest this is another Trump strategy to increase urgency in trade negotiations,' said Rodrigo Catril, senior foreign exchange strategist at National Australia Bank Ltd. 'Trump wants trade deals and he wants them sooner rather than later.'Stocks have steadied in recent weeks and an index of global equities is hovering near a record after recovering from their lows in April when Trump announced the highest US levies in a century in an effort to rewrite global trade. The MSCI All Country World Index hit a record S&P 500 index fell 0.3% Wednesday and the Nasdaq 100 dropped 0.4% as big tech weighed on US benchmarks. Softer-than-expected US inflation supported the case for Federal Reserve rate cuts, spurring Treasuries higher. A solid $39 billion sale of 10-year debt also helped the bonds. The advance was led by shorter maturities, with two-year yields dropping below 4%.Earlier, Trump said a trade framework with China has been completed, with Beijing supplying rare earths and magnets up front and the US allowing Chinese students into its colleges and universities. The US and China will maintain tariffs at their current, lower levels following the two nations' agreement this week in London, Trump said US core inflation rose in May by less than forecast, suggesting companies are largely holding back on passing higher tariff costs through to string of below-forecast inflation readings adds to evidence that consumers have yet to feel the pinch of tariffs — perhaps because the most punitive levies have temporarily been on pause, or thanks to companies so far absorbing the extra costs or boosting inventory. However, if higher levies set in, shielding consumers from those costs will become more markets projected about two Fed reductions by the end of 2025 as traders boosted bets on a September cut to around 75%.'I don't see evidence in this early report of widespread price increases, but I do expect higher inflation this year as firms react to the tariffs,' said Ronald Temple, chief market strategist at Lazard Asset Management. 'Ultimately, companies will have to swallow some combination of price increases to pay for higher tariffs, cost cuts to offset increased import costs, and/or lower profit margins.
