Despite Trump frown, Apple to expand supply chain in India through $1.5 bn Foxconn plant
Days after US President Donald Trump said he had asked Apple's CEO Tim Cook to 'not produce in India,' the iPhone maker's key contract manufacturer, Foxconn, said it is moving forward with a $1.5 billion display module plant in India. Last October, the Tamil Nadu government had cleared the Rs 13,180 crore project by Yuzhan Technology in Kancheepuram, about 80 kilometres away from Chennai.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
24 minutes ago
- Indian Express
Not for public transport- Part 1: As rain lashes Pune, auto and cab fares bleed citizens dry
By Kavyaa Masurkar & Antara Kulkarni Since the start of the monsoon, commuters in Pune have been grappling with the dual challenge of uncooperative auto rickshaw drivers and soaring fares on app-based platforms. With many drivers either refusing to ply or demanding extra charge and cab aggregators quoting fares significantly higher than meter rates, passengers are left unsure of what a fair fare is and how much they need to pay.. 'It took almost an hour just to book an auto from Pimpri Chinchwad to Lohegaon. When I finally succeeded, the app showed Rs 715 for the ride,' said Trisha Dasgupta, a PR professional. She added, 'It's worrying how expensive and difficult travel has become in Pune. If we have to spend so much and wait so long, how will middle-class people manage? Either we need a personal vehicle or end up spending excessively on rickshaws and cabs.' Sai Bhandarkar, a second-year student at BJ Medical College, shared similar concerns. 'Cab and auto rates vary a lot, especially during the rainy season,' she said. 'Most of the time, we're expected to tip the driver up to 30% of the displayed fare just to get a confirmed ride. Also, if you check the same route more than three times on the app, the price shoots up by around 15%.' Surge pricing has only added to the chaos. With traffic delays, waterlogged roads, and increased demand during peak hours, commuters say that ride-hailing platforms are capitalising on the inconvenience. 'Especially when there's traffic and when many people are looking to book a ride, tend to increase their prices. It shouldn't be happening,' said Dhirendra Kulkarni, a presales professional. Meghna Menon, owner of Zenscrawl, a garment store in Koregaon Park, echoed similar feelings. 'Surge pricing for both autos and cabs has become a regular problem,' she said. 'With the metro network still incomplete, people like me don't have many options. The confusion between meter fares and app pricing only makes things worse. Commuting in Pune has become exhausting, and we're often left at the mercy of apps and drivers who take advantage of the situation.' A media professional talked about how an Uber driver duped her by asking for extra fare for putting on the AC in her cab. 'He said the ruling had just come the evening earlier and showed an old video to convince me. As there were so many new regulations coming up with aggregator vehicles. I believed him and paid an extra Rs 100, only to realise later that I had been duped. Despite raising a complaint, there was no follow-up or refund of the amount. This is what these services have come to.' At present, Uber autorickshaws in Pune ply by meter leaving many passengers already complaining about the higher-than-usual Bhowmick, a sales professional, said that if autos are plying by meters, the concept of surge pricing should not apply in Pune. 'The concept of surge pricing was meant to compensate for the demand – but that should have been there to compensate for the discounted first prices. So why should they be around now,' he said. Traveling in Pune during monsoon has always troublesome but with autorickshaws and cabs hiking their fares, it has become costlier too.
Time of India
30 minutes ago
- Time of India
CBI nabs Dimapur bank ex-manager, proprietor of pvt firm for ‘graft'
Dimapur: The CBI has arrested a former senior manager of Punjab National Bank (PNB), Dimapur branch, from Guwahati and the proprietor of a Dimapur-based private firm from Dimapur for their alleged involvement in a bribery case. The former PNB senior manager has been identified as Seiminthang Singson and the proprietor of M/s Century Enterprises, Dhobinala, Dimapur, as Sanjit Chandra Dey. On June 4, the CBI registered a case against the two on the allegations that Singson took undue advantage of Rs 1 lakh in his bank account from the bank account of Dey for allowing extension of cash credit limit of Rs 20 lakh to the latter, even though his firm was not in right financial health. Searches were conducted in official and residential premises of both the accused at five locations in Dimapur and two locations in Guwahati on Friday and Saturday, leading to the recovery of incriminating documents and articles, a CBI release said on Saturday. It said Singson took undue advantage of a total of Rs 1.69 lakh from Dey, as per searches and seizure so far. Besides, an invoice of a total of Rs 2,06,200, relating to the purchase of electric/electronics items, were also seized from the office premises of Dey. These items were purchased by Dey in the name of Singson, the release said Some of the items found at the residential premises of Singson in Dimapur and Guwahati have been seized for investigation, the CBI said.
Time of India
30 minutes ago
- Time of India
Key roads, circles in Ranchi to get facelift
Ranchi: The state urban development and housing department has drafted a Rs 38 crore beautification plan to upgrade key roads and chowks in Ranchi. To be carried out by Jharkhand Urban Infrastructure Development Company Limited (JUIDCO), the project aims to enhance urban aesthetics and ease traffic flow in the state capital. A detailed project report (DPR) for the project has been submitted by the consulting agencies, officials said. "The DPR is under technical scrutiny. Once cleared, it will be sent to chief minister Hemant Soren for final approval. The tender process will then begin. The whole process may take two to three months," said Juidco PRO Ashutosh Singh. The phase one of the project will focus on Airport to Hinoo (Rs 14 crore), Hinoo to Birsa Chowk (Rs 9.6 crore), and Albert Ekka Chowk to Kutchery Chowk (Rs 8.49 crore) and will include road widening, stormwater drainage systems, pedestrian-friendly footpaths, utility ducting, tree plantations, decorative streetlights, and modernization of traffic roundabouts. A sum of 1.78 crore will be spent on the beautification of Hinoo Chowk and its roundabout, while Rs 4.23 crore has been allotted for the development of Birsa Chowk and its traffic circle. "Currently, the Birsa Chowk roundabout spans about 12 square meters. We plan to expand it to 22 square meters to improve visibility and traffic flow," added Singh. The Kutchery area, will be developed with integrated urban design, involving cable management in collaboration with the energy department, shaded walkways, and green landscaping.
