India has ordered Samsung and its executives to pay $601 million (Rs. 5,174 crore approx.) in back taxes and penalties for evading tariffs on telecom equipment imports, marking one of the largest such demands in recent years, a government order cited by Reuters reported. This hefty fine targets the South Korean giant’s practices in a key market where it dominates consumer electronics and smartphones. Continue reading “Samsung faces $601 million tax penalty in India over import duties: Report”
Apple has initiated discussions with Bharat Forge, part of the Kalyani Group, to potentially include the company as one of its suppliers in India, according to a report by ETTelecom. Continue reading “Apple eyes Bharat Forge for component manufacturing in India: Report”
Apple has reached a significant milestone with its iPhone production, achieving a freight-on-board (FOB) value of $10 billion between April and October 2024. Continue reading “iPhone production surges to $10 billion in India in 2024”
