The iPhone 17's price tag just gave Indian buyers cold feet | Apple is cutting India-bound production of the standard iPhone 17 due to a lack of demand since a price hike of more than 20% last month, with capacity being redirected for exports as demand outside India remains strong, while demand for Pro models of iPhone 17 and the recently launched iPhone 18 remain strong in India, people aware of the details told ET
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India’s development story is a dramatic one, but it’s clear that this is a moment of cyclical challenge for the country and Narendra Modi. https://t.co/UCs9D2dazT
Exports are sprinting but imports are still winning the race | India's merchandise trade deficit widened to $30.21 billion in September from $26.86 billion in August, increasing by $3.35 billion month-on-month as imports outpaced exports, with merchandise exports jumping 23.04% year-on-year to $44.4 billion while imports rose 8% to $74.61 billion, according to government data released on Thursday
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India's current account deficit shrinks sharply | India's current account deficit narrowed to 5.2 billion in August from $6.1 billion a year back while the country recorded a $50.6 billion surplus in capital account against $0.5 billion in the same period last year, data released by the Reserve Bank of India showed. The overall balance of payments, resultantly, stood at a surplus of 45.4 billion in August against a $5.6 billion deficit in the year-year month. Full Report Here 👇
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▶️Food Safety and Standards Authority of India (@fssaiindia) moves to strengthen Infant Nutrition Standards by restricting addition of Sucrose and Fructose in products for Infants up to six months
▶️FSSAI Notifies Draft Amendment to Infant Nutrition Regulations, Proposing Stronger Safeguards Against Added Sugars During Early Infancy
▶️Proposed Restriction Aims to Promote Appropriate Infant Nutrition and Support Healthy Growth and Development During the Crucial First Six Months of Life
▶️Initiative Reinforces Government's Commitment to Preventive Healthcare, Child Nutrition and Long-Term Health and Well-being
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Anastasia Amoroso, Partners Group chief investment strategist, says the Federal Reserve is unlikely to raise interest rates at its next meeting, even after hotter-than-expected producer price data https://t.co/YUsoG4e8a1
Anastasia Amoroso, Partners Group chief investment strategist, says the Federal Reserve is unlikely to raise interest rates at its next meeting, even after hotter-than-expected producer price data https://t.co/YUsoG4e8a1
The rupee gained for a fifth straight session to close at 95.06 against the dollar as crude oil prices and US yields eased, while forward premiums surged on FERR-related unwinding.
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The European Union began evaluating trade data to detect surges in imports, a first step toward placing quotas on additional sectors of goods being shipped from China and other countries https://t.co/phQaS08OyD