Apple India: Excited to build on our long-standing history, says Tim Cook
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Apple is celebrating more than 25 years in India. This week, the American technology giant is marking a major expansion with the opening of its first Apple Store locations in the country – Apple BKC in Mumbai on April 18, followed by Apple Saket in Delhi on April 20.
“At Apple, our mission is to enrich lives and empower people around the world,” said Tim Cook, Apple’s CEO. “India has such a beautiful culture and an incredible energy, and we’re excited to build on our long-standing history — supporting our customers, investing in local communities, and working together to build a better future with innovations that serve humanity.”
Apple said it now supports more than one million developer jobs in the country. Its App Store payouts to developers in the country have more than tripled since 2018.
Apple began manufacturing iPhone in India in 2017, and since then, the company has worked with suppliers to assemble iPhone models and produce a growing number of components. Apple said it works with Indian suppliers of all sizes – supports hundreds of thousands of jobs across the country.
Last week, Apple announced it will use 100 percent recycled cobalt in all Apple-designed batteries by 2025. As part of its commitment to be 100 percent carbon neutral for its supply chain and products by 2030, Apple said all its active Indian manufacturing supply chain partners are committed to using 100 percent clean energy for their Apple operations.
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Ahead of today's announcement of the Jharkhand Assembly elections, the Jharkhand Mukti Morcha (JMM) on Tuesday alleged that the Election Commission is not acting independently and is under pressure from the BJP.
In Ranchi, JMM leader Manoj Pandey expressed his worries, said, "The election is to be announced today, but BJP leaders got information about it yesterday. This is a very serious matter. Does the commission work at the behest of BJP leaders? It is a serious matter to keep the commission as a puppet."
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Angel One shares have rallied by up to 9 per cent on the BSE in Tuesday’s intraday trade after the company reported a healthy 44 per cent year-on-year (YoY) jump in its consolidated profit after tax (PAT) at Rs 423.4 crore in September quarter (Q2FY25). Total income of the stock broking and allied services company grew 8 per cent YoY at Rs 1,516 crore during the quarter.
Angle One reported continued healthy performance on the back of strong client acquisition (around 3 million customers in Q2FY25), and an increase in client funding book (approximately 25 per cent sequentially).
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Budget carrier SpiceJet on Tuesday said it has successfully settled a $23.39 million dispute with two aircraft lessors -- Aircastle and Wilmington Trust, days after amicably resolving a similar dispute with a US-based aircraft leasing firm, BBAM.
As part of the settlement, all ongoing litigation and disputes between the parties will be withdrawn at appropriate forums, the airline said in a statement.
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Garuda Construction IPO listing today: Garuda Construction and Engineering's shares made a subdued debut on the stock exchanges on Tuesday. The company's shares listed at Rs 103.20 on the BSE, reflecting a premium of 8.63 per cent over the IPO issue price of Rs 95. On the NSE, the shares debuted at a premium of 10.52 per cent at Rs 105.
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The Resident Doctors' Association (RDA) of AIIMS, New Delhi, on Monday wrote an 'urgent' letter to the President of India, requesting immediate intervention in the ongoing hunger strike by doctors in West Bengal.
The hunger strike was sparked by the brutal rape and murder of a fellow resident doctor, on August 9 at Kolkata's RG Kar Medical College and Hospital.
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