Explaining its breakup with Vedanta, Foxconn said "there was recognition from both sides that the project was not moving fast enough"

The phone is the telecom giant’s latest attempt to tap into India’s massive and under-penetrated rural market where many are yet to migrate to smartphones

The deal is the latest unveiled after Prime Minister Narendra Modi’s visit to the US which also saw similar announcements from Micron and Applied Materials

The US aviation and energy giant signed a memorandum of understanding with HAL, which includes the potential joint production of GE Aerospace's F414 engines in India

Musk says it's "quite likely there will be a significant investment in our relationship with India in the future,” adding that he thinks "India has more promise than any large country in the world"

It’s feared the hiring slowdown could affect consumption amid warnings of economic ‘headwinds' and with the IT sector accounting for 8% of India's GDP

Musk's comment represents a shift in stance for Tesla, which saw talks with the Narendra Modi-led government hit a deadlock last year

CEO Tim Cook believes emerging markets, with their younger populations and fewer iPhones, will bring more prospects for growth for Apple

The Apple CEO is in India to inaugurate the US tech giant’s first retail stores in the world's biggest smartphone market after China

"The energy, creativity, and passion in Mumbai is incredible!" CEO Tim Cook, making his first visit to India in seven years, said on Twitter

"If we have a choice of either our people go to prison or we comply with the laws, we will comply with the laws," Elon Musk said in a BBC broadcast live on Twitter Spaces

The brightly-lit store, still in barricades, was "inspired by the iconic Kaali Peeli taxi art unique to Mumbai," Apple said in a statement