Top Business News Round-Up From Asia
The development of Asia has speed up in the last few years thanks to emerging technology and the integration of AI. Read our Asian news round-up and stay up-to-date with all the latest developments from Asia. Singapore To See Acceleration In Its Economic Growth The Mastercard Economic Institute or MEI, has released a report, and…
Karnataka Government Approves Projects Worth $4.09 Billion
In an attempt to uplift the state’s economy, the Karnataka government has approved 14 investment projects worth $4.09 billion. According to the state authority, these projects have the potential to generate around 13,308 jobs in Karnataka. Out of the 14 approved projects, 10 are brand new, while the remaining 4 are old projects planned to…
Apple Agrees To Pay $25 Million In Settlements
The world’s biggest tech company, Apple Inc. will pay $25 million to the US Justice Department after the agency accused Apple of hiring immigrant workers over US citizens and green card holders for certain jobs. In a statement, the US Justice Department said that Apple did not hire US Citizens and permanent residents for certain…
Apple To Manufacture iPhone In India After Revenue Gains
Apple is having their best year in India to date. With more than 2.5 million units sold, Apple has now surpassed Samsung and Xiaomi in terms of market share. Apple, Samsung and Xiaomi have a market share of 34%, 17% and 16.6% respectively. India is the second biggest smartphone market in the world and for…
Apple to Amplify Its Production in India by Over Five-fold
The world’s leading smartphone manufacturer, Apple, has plans to increase its production by five times in India. News agency PTI (Press Trust of India) reported that the iPhone maker is all set to scale up its production up to $ 40 billion (3.32 lakh crore) in India. As per PTI’s report, Apple surpassed the $7…
iPhones And Apple Watches May Arrive With MicroLED
Tech giant, Apple, is reportedly working on MicroLED displays to use in its iPhones and iWatches, by 2025. According to Apple reporter Mark Gurman, the iPhone maker is expected to use MircoLED screens in the Apple Watch first and replace the OLED display currently used. Earlier this month, it was reported that the company was…
Over 20,000 Employees Left Apple’s Supplier Foxconn
Apple iPhone maker Foxconn Zhengzhou, China, saw a heavy departure of employees. Over 20,000 workers, along with new hires who have not started working on the production line yet, have left the plant, a Foxconn source familiar with the matter told Reuters on Friday. This comes just a day after violent protection broke out at…
Fortune 500 List: LIC Got 98th Place, RIL Shifted To 104th
In the recent Fortune 500 list, LIC, Life Insurance Corporation, beat Reliance Industries. The nation’s biggest life insurance company, with $97.26 billion and a profit of $55.8 million, has got 98th place, while Reliance has shifted to 104th place from 51 on the 2022 list. This is the first time when LIC has made its…
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