The announcement comes after reports last month that the Taiwan-based manufacturer plans to quadruple the workforce at its iPhone factory in India

Emerging market currencies have outperformed their developed market counterparts this year and analysts say signs point to a broader turn in dollar sentiment

Move comes at time when New Delhi wants to narrow its growing trade deficit with Russia and as Moscow faces acute shortages of some crucial materials following Western sanctions

India plans to cut taxes, offer subsidies and other incentives to bolster ship building as part of a bid to reduce freight rates for manufacturers

HDFC raised $1.85 billion from the largest-ever bond issuance by an Indian bank on Thursday amid strong demand from long-term investors, and the State Bank plans a $1.2bn issuance on Friday

Production shortfalls and labour unrest at the giant iPhone factory, run by Foxconn in Zhengzhou, are increasing risks and likely to intensify Apple's retreat from China, analysts say

Moscow has sent India a list of more than 500 products it needs to keep key industries running, but while Delhi wants to cut its huge trade deficit, some companies fear being hit with sanctions.

Local villagers say the port is destroying the coastline and their way of life. Hundreds of protesters, led by Catholic priests, marched on a police station, where a dramatic confrontation occurred

Skyroot Aerospace says it expects to be able to launch its first satellite next year at half of the cost of rival established launch outfits

Stellantis plans to produce dozens of electric models in the coming decade, but its CEO Carlos Tavares has said it could be five or six years before affordable battery EVs are created

Corporate loans rose by over 12% in September and nearly 17% in the last two weeks of October, suggesting the start of a new investment cycle despite global slowdown

"We expect growth to be a tale of two halves in 2023, with a slowdown in the first half," Goldman Sachs India economist Santanu Sengupta said