In a first, Foxconn to ship iPhone out of India in sync with China deliveries

Tech giant Apple may ship its iPhone 14 simultaneously from its factories in India and China. Shipping of the latest iPhones from India is usually a quarter behind the Chinese shipping schedule, with the latest iPhone models coming from China, while Indian manufacturing facilities make the second or third latest generations of iPhones. According to … Read more

Gravitas: India’s RBI hikes key interest rates – WION

Gravitas: India’s RBI hikes key interest ratesWION India central bank raises key rate 50 bps as inflation seen staying elevatedCNBC Expect a 35 bp hike from the Reserve Bank of India: EconomistCNBC International TV It’s time MPC shifted to neutral stanceBusinessLine Editors Take: RBI Credit Policy – How Much Rate Hike Expected? Where Will Be … Read more

Indian rupee strengthens ahead of RBI decision | Business News | Latest News | WION

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India central bank raises key rate 50 bps as inflation stays elevated

The Reserve Bank of India’s monetary policy committee raised the key lending rate or the repo rate to 5.40%. Vivek Prakash | Bloomberg | Getty Images The Reserve Bank of India’s key policy repo rate was raised by 50 basis points on Friday, the third increase in the current cycle to cool stubbornly high inflation … Read more

South Asia Debt Woes Evoke Fears of Another 1997-Style Crisis

Back then, what seemed like an isolated event—Thailand’s July 1997 baht devaluation to cope with currency speculation—spread like a virus to Indonesia, Malaysia, and South Korea. Panic-stricken lenders demanded early repayments, and investors pulled out of stocks and bonds in emerging markets, including in Latin America and Russia, which defaulted on some of its debt … Read more

Indian rupee weakness, hitting fresh lows amid global headwinds

Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a perfect storm of global headwinds which analysts say will continue to pummel the currency in the months ahead. In recent … Read more

India start-up Zepto’s founders share tips on how to build a business

When Kaivalya Vohra wanted to drop out of Stanford University to run his startup, it took “a couple of long conversations” to convince his parents. But bringing them on board wasn’t too difficult, he said. “They saw how this business was growing in front of them, they saw how quickly we achieved what we achieved.” … Read more