Himank Sharma

India opens the door for Apple retail with new FDI rules

20 Jun 2016

MUMBAI Apple Inc could open its first stores in India and might eventually start manufacturing in the country under new foreign investment rules for retailers outlined on Monday.

India dials back chip ambitions as investors spurn plant funding

15 Jun 2016

MUMBAI India's ambitious plan to be a major player in semiconductors, taking on the Chinese and churning out locally-made chips for a new generation of smartphone users, has proved to be a little too ambitious.

RBI eases stressed asset restructuring rules

14 Jun 2016

MUMBAI The Reserve Bank of India (RBI) relaxed guidelines on Monday for lenders restructuring large stressed loans, in a move that could allow banks to more effectively manage bad loans.

More challenges than cheer for Apple chief on Asia tour

24 May 2016

MUMBAI/BEIJING With slowing iPhone sales in China, Apple Inc is having to take India more seriously, but investors hoping for a stock price fillip from CEO Tim Cook's week-long Asia trip instead were given a taste of the daunting challenges that lie ahead.

Apple boss to meet India's Modi and his gold iPhone

21 May 2016

MUMBAI When Apple Inc CEO Tim Cook meets Indian Prime Minister Narendra Modi this weekend as part of an Asian tour aimed at boosting sales, he will sit down with a man whose penchant for a selfie - often using his gold iPhone - can get him into trouble. | Video

Apple boss Cook meets PM Modi to plot India strategy

21 May 2016

NEW DELHI/MUMBAI Apple Inc chief Tim Cook met Prime Minister Narendra Modi on Saturday, concluding a four-day trip to India that could set the stage for Apple's expansion plans in one of the world's fastest growing smartphone markets. | Video

Apple boss Cook to tap Indian software talent during maiden visit

18 May 2016

MUMBAI/NEW DELHI Apple Inc will set up a software laboratory in India to help Indian startups and developers working on the company's iOS platform, Apple said hours after Chief Executive Tim Cook began his first official visit to the country.

Apple boss Cook to tap Indian software talent during maiden visit

17 May 2016

MUMBAI/NEW DELHI, May 17 Apple Inc is set to announce plans to expand its Indian software development centre and build an accelerator programme for local start-ups, two sources aware of the investment said on Tuesday, hours before Chief Executive Tim Cook's maiden visit.

Apple's Cook will visit India this week, to meet PM Modi - sources

17 May 2016

MUMBAI/NEW DELHI Apple Inc Chief Executive Tim Cook will visit India this week and meet Prime Minister Narendra Modi on the second leg of his Asian tour, two sources familiar with the matter said, as the company seeks to revive sluggish iPhone sales.

India to tax Mauritius investments for first time since 1983

11 May 2016

NEW DELHI/MUMBAI India will start imposing capital gains tax on investments coming from Mauritius starting next year, after the two countries agreed to amend a three-decade old treaty that brought in billions of dollars in investment but was suspected of abetting tax evasion.

World News

Russia-backed Syrian forces step in as U.S. retreats

Russia-backed Syrian forces wasted no time in taking advantage of an abrupt U.S. retreat from Syria on Monday, deploying deep inside Kurdish-held territory south of the Turkish frontier less than 24 hours after Washington announced a full withdrawal.