In what can be a major relief for Tesla and other multi-national car companies looking to import electrics in India at a specially-crafted and subsidised 15% duty regime that is being proposed, the government may exclude cost-heavy batteries, semiconductors, and magnetic parts from the committed localisation norms for global companies. The relaxation will be a significant reprieve for global companies that would need to fulfil domestic value addition conditions to avail the lower duty regime.
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Apple CEO Tim Cook may have hinted at iPhone price hike, here's what he said
Apple's CEO, Tim Cook, has indicated that rising computer memory costs are increasingly impacting the company's finances. While Apple absorbed initial increases, significantly higher expenses are expected from the June quarter onwards. This situation, coupled with supply chain issues for advanced processors affecting Macs, suggests potential price hikes for consumers as Apple explores various options. from Times of India https://ift.tt/rnhcE7O via IFTTT
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