It is estimated that a car has some 30,000 parts (counting everything from its engine block to nuts and bolts). The firm that provides a car’s marque (like Dodge or Toyota) manufactures only a fraction of these parts in plants spread around the world. Several intermediate parts like tires, windshields, seats and mirrors, plus hundreds…
New Delhi: India and the US plan to negotiate a mutually beneficial multi-sector Bilateral Trade Agreement (BTA) aimed at increasing market access, reducing tariff and non-tariff barriers, and enhancing supply chain integration, minister of state for commerce Jitin Prasada told the Lok Sabha on Tuesday. The initiative is part of efforts to strengthen economic ties…
Never mind that applying selective tariffs violates the Most Favoured Nation (MFN) rules of the World Trade Organization (WTO). If someone raises an objection, WTO’s dispute resolution mechanism is expected to deal with it. But that mechanism is broken partly because the US has blocked appointments to its appellate body. If pushed further, it is…
Apple India has unveiled the new edition of its iPhone 16 series — the iPhone 16e, a comparitively “affordable” option for fans of the device. Notably, as per reports, the United States tech giant will assemble the device locally. Powered by Apple’s latest A18 chip, the iPhone 16e claims an 80 per cent boost in…
Entrepreneurship in the city had all but dried up as left-wing politics gained ground. Yet, Ashoke Mukherjee, the son of an ICI (UK) employee, was determined to carve his own path. Raised in an upper-middle-class family, he pursued his early education in Kanpur before earning a degree in electronics and communications from Roorkee University (now…
Government procurement at the minimum support price (MSP) was another boon for Raghuvanshi because market prices were about 20% lower than the MSP. Though he could sell just about two-thirds of his total production to government agencies, without this support Raghuvanshi’s losses would be significant. The good tidings for Raghuvanshi, however, are not enough a…
Apple is in talks with Kalyani Group’s Bharat Forge to make the company one of its vendors in India, according to a report by The Economic Times. If the discussions come to fruition, Bharat Forge will be responsible for making components for the Cupertino based tech giant, taking it on par with Tata Group, Motherson…
Accordingly, with a view to building a strong ecosystem for nurturing innovation and encouraging investments in it, Prime Minister Narendra Modi launched the Startup India initiative in 2016. The government unveiled a plan comprising 19 action points across areas such as “simplification and handholding”, “funding support and incentives” and “industry-academia partnership and incubation.” In the…
Speaking to Mint, Karthik Balagopalan, managing director of Puma India, highlighted the strategic importance of the partnership with P.V. Sindhu. “Sindhu has been a pathbreaker for India on the global badminton map. Our shared commitment to performance and excellence brought us together. This partnership is strategic, not a short-term association,” he said. Puma’s latest partnership…
After assembling the iPhone 15 in India last year, Apple is now expected to go a step further and start manufacturing its expensive iPhone Pro and iPhone Pro Max range in the country. The new move comes as Apple looks beyond China for iPhone production amid rising tensions between US and the Asian country. Meanwhile,…
