Apple’s manufacturing units in India, including the country’s largest-ever production facility, are running at full capacity to produce the newly launched iPhone 17. Among them is Foxconn’s Bengaluru plant, operated by Taiwan’s Hon Hai Precision Industry Co., the world’s biggest iPhone contract manufacturer. Industry experts note that this facility is the largest ever set up by a single company in India.
RBI likely sold $12 billion in gold reserves amid rupee pressure
India’s central bank, the Reserve Bank of India (RBI), is estimated to have sold nearly $12 billion worth of gold reserves within a two-week period ending May 22. The assessment, based on...
