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In a move that could dent Apple’s aggressive manufacturing plans in India, Foxconn Technology Group — the Chinese company assembling iPhones — has recalled hundreds of its Chinese engineers and technicians from its Indian factories. According to a Bloomberg report citing unnamed sources, more than 300 Chinese employees have already returned home, leaving mostly Taiwanese support staff on the ground. The recall, which began around two months ago, has not been officially explained by Foxconn, Read More

The Reserve Bank of India (RBI) has announced that banks and lenders will no longer be allowed to charge pre-payment penalties on floating-rate loans. The new guidelines will take effect from January 1, 2026, covering all loans and credit facilities sanctioned or renewed on or after this date. According to the RBI, this move is designed to make finance more affordable for Micro and Small Enterprises (MSEs) and protect individual borrowers from unfair lending practices. Read More

The Indian stock markets closed slightly in the red on Thursday, July 3, after a volatile session marked by early gains and late selling pressure. The BSE Sensex slipped 170 points (0.20%) to settle at 83,239, while the NSE Nifty 50 lost 48 points (0.19%) to finish at 25,405. Earlier in the day, both indices had surged, with the Sensex rising over 440 points. However, profit booking in financial and metal shares dragged benchmarks lower Read More

After revolutionizing food delivery in India, Zomato co-founder Deepinder Goyal is now turning his attention skyward. Goyal is backing LAT Aerospace, a startup aiming to transform regional air travel across the country, according to a LinkedIn post by LAT co-founder Surobhi Das. Goyal’s venture comes at a time when regional aviation is still in its infancy, grappling with regulatory hurdles, evolving technology, and the question of widespread adoption. But the opportunity is massive. “While building Read More

India’s telecom landscape, often criticized for being a duopoly dominated by Reliance Jio and Bharti Airtel, is shaped more by market realities than by government policy, according to Chandra Sekhar Pemmasani, Minister of State for Communications. Speaking at the India Mobile Congress (IMC) 2025 roadshow in Bengaluru, Pemmasani emphasized that the sector’s capital intensity has naturally led to consolidation. “The duopoly has not been created intentionally by anybody. Telecom requires massive capex,” he noted, highlighting Read More