Try GOLD - Free
Apple Vendor Foxconn Invests $1.48 Billion in India via Singapore Arm
The Morning Standard
|May 20, 2025
APPLE vendor Foxconn has invested $1.48 billion (about ₹12,800 crore) in its India facility in the last five days, the company said in a regulatory note on Monday.
The Taiwan-based company has made an investment in its Tamil Nadu unit, Yuzhan Technology (India) Private Limited, through its Singapore-based subsidiary.
Foxconn Singapore Pte has acquired 9,999 shares at ₹10 per share at a premium of Yuzhan Technology, taking the total transaction value to $1.489 billion. The investment comes at a time when Apple is planning to enhance production of iPhones in India.
This story is from the May 20, 2025 edition of The Morning Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Morning Standard
The Morning Standard
'Not everyone equal before law': 2017 rape case survivor
NEARLY a week after the trial court acquitted actor Dileep in the 2017 abduction and sexual assault case, actor Bhavana, the survivor, broke her silence on Sunday, expressing anguish and questioning whether the law delivers equal justice.
1 min
December 15, 2025
The Morning Standard
Nitin Nabin named BJP's new national working president
FOLLOWING NDA's landslide win in the Bihar assembly election, the BJP on Sunday appointed five-term Bihar MLA and minister Nitin Nabin (45) as its National Executive (Working) president, elevating a low-key, next-generation leader amid preparations for elections in key states.
1 min
December 15, 2025
The Morning Standard
Bondi attack: Israel accuses Australia of fuelling antisemitism
Israeli Prime Minister Benjamin Netanyahu lashed out at Australia's leader on Sunday while nations expressed shock and sympathy over a mass shooting at a Jewish holiday event, saying he had warned Prime Minister Anthony Albanese that \"your call for a Palestinian state pours fuel on the antisemitic fire.'
1 min
December 15, 2025
The Morning Standard
All 40 monitoring stations go red as AQI touches season's highest
THE air quality in Delhi deteriorated to its worst levels of the season on Sunday, with the average air quality index (AQI) at 461, placing the city firmly and formally in the \"severe plus\" category.
1 mins
December 15, 2025
The Morning Standard
DIVIDED IN NIGHTS
Many of capital's homeless people still sleep on pavements under plastic sheets, even as govt night shelters are fully functional to help everyone feel at home during the cold winter months. But the fear of illness, overcrowding, and poor food keeps them out. However, for many, these shelters are their homes,
6 mins
December 15, 2025
The Morning Standard
12 killed, 29 injured as two gunmen open fire at Jewish event in Sydney
It's an act of evil antisemitism & terrorism, says Australian Prime Minister Anthony Albanese
1 mins
December 15, 2025
The Morning Standard
Devi Awards to celebrate inspiring women trendsetters
DELHI will witness a rare rendition of the feminine power on Monday, when tenacious achievers from different walks of life gather at the 36th edition of the Devi Awards at ITC Maurya.
1 mins
December 15, 2025
The Morning Standard
BANGLADESH Indian envoy called over Hasina remark
BANGLADESH summoned the Indian High Commissioner Pranay Verma on Saturday to convey its concerns over what it described as \"incendiary statements\" by fugitive political figures, including former Prime Minister Sheikh Hasina, who are currently in India.
1 min
December 15, 2025
The Morning Standard
Trump warns of retaliation after US deaths in Syria
DONALD Trump said Saturday that \"there will be very serious retaliation\" after two US service members and one American civilian were killed in an attack in Syria that the United States blames on the Islamic State group.
1 mins
December 15, 2025
The Morning Standard
Manipur BJP MLAs explore govt formation
AMID continued political uncertainty in Manipur, which is currently under President's Rule following repeated incidents of ethnic violence over the past two years, the BJP Manipur Legislature Party meeting was held in New Delhi on Sunday to discuss peace and progress in the state.
1 min
December 15, 2025
Listen
Translate
Change font size