Assures that all workers will be fully compensated immediately
Earlier in the day, police detained a leader of Students' Federation of India, which is affiliated to CPI (M), in connection with the rampage at unit on Saturday
Hundreds of workers stormed the factory in Kolar over the weekend, damaging property and looting thousands of iPhones and laptops
State govt condemns violence in factory premises, 160 held so far; AITUc alleges false anti-worker narrative, says workers hounded and harassed by police
Plans to hire up to 25,000 employees by the end of 2021 look doubtful now for the Taiwanese company, say sources
From Apple planning to move 10% production to India, RBI advising the government to cut stake in PSBs to Videocon staring at liquidation, here are the top news of the day
Sources said this could be the beginning of a new era for Apple, which is preparing to begin manufacturing its newly launched iPhone SE (2nd Generation) of handsets in India
Apple does not manufacture devices on its own but gets the job done through contract manufacturers
Apple also wants relaxation in the mandated 30% local sourcing of components
India has offered up its own electronics manufacturing roadmap to tech giant Apple to comply with as it kickstarts local production of its flagship product iPhone and carve up a larger chunk of the country's fast growing smartphone market."We have ourselves drawn a roadmap of indigenisation in consultation with the industry over the last two years. We have now shared that roadmap (with Apple) and asked them to align with it, in which case we don't need to give them any separate concessions. Apple said they will examine this and get back," said Aruna Sundararajan, Secretary to the Minister of Electronics and IT.Apple had requested the Indian government to grant it 15 years of duty free import of components to assemble its iPhones in India, sharing a roadmap to slowly indigenise products in that time. The government has instead chalked out its own Electronics Manufacturing Policy to reach its goal of $400 billion in electronics manufacturing by 2020.Earlier this month, the ...