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China bug for iPhones

Financial Express Lucknow

|

July 05, 2025

Foxconn's move to recall Chinese workers is yet another reminder of the skill famine in India

Apple's largest iPhone assembler Foxconn's move to recall hundreds of Chinese engineers and technicians from its iPhone factories in India is unfortunate. The Foxconn move is the latest example of how China is determined to curb technology transfers and exports of equipment to India and other South-east Asian nations as it seeks to protect its manufacturing base and prevent other countries from growing theirs. Whether this is a breach of contractual agreements will be sorted out later, but in the meanwhile, the setback to Apple, which has been scaling up exports of phones from India, and was readying to ramp up production of the iPhone 17, is undeniable. Both the quality of production and the efficiency of the assembly lines would be impacted. Nearly all the iPhones exported by Foxconn from India went to the US between March and May, customs data showed, far above the 2024 average of 50%.

PLUS D'HISTOIRES DE Financial Express Lucknow

Financial Express Lucknow

Frauds drain ₹10K cr from health insurers annually: BCG

INDIA'S HEALTH INSURANCE system is losing around ₹8,000-10,000 crore annually on claim-payout leakages arising from fraud, waste and abuse (FWA), according to a report by Boston Consulting Group (BCG) and Medi Assist Healthcare, the country’s largest health insurance third-party administrator.

time to read

1 min

November 22, 2025

Financial Express Lucknow

Groww Q2 profit rises 12%

BILLIONBRAINS GARAGE VENTURES Limited, the parent company of discount broker Groww, reported a 12% year-on-year increase in its profit after tax (PAT) for the quarter ended September 30, 2025, to ₹471.3 crore.

time to read

1 min

November 22, 2025

Financial Express Lucknow

UK economy stumbles before budget

MEASURES OF BRITAIN'S businesses, consumers and public finances are all showing signs of deterioration in the run-up to next week’s budget when finance minister Rachel Reeves is expected to raise taxes again.

time to read

1 mins

November 22, 2025

Financial Express Lucknow

Familiar crisis at COP30 as nations reject...

IN ORDER TO ensure that these issues do not become a roadblock to progress on the other items on the agenda, COP30 presidency Brazil had conducted several rounds of consultations on these difficult issues,and had planned a separate outcome document addressing each of these issues.

time to read

2 mins

November 22, 2025

Financial Express Lucknow

Bengal sees sharpest rise in registered voters in border areas since 2002 SIR

BETWEEN 2002, WHEN the Special Intensive Review (SIR) was last conducted by the Election Commission of India, and 2025, West Bengal has seen a 66% increase in the number of registered voters — from 45.8 million to 76.3 million.

time to read

2 mins

November 22, 2025

Financial Express Lucknow

Rupee rocked, breaches 89 level for the first time

• Records biggest single-day fall in over six months

time to read

1 min

November 22, 2025

Financial Express Lucknow

Porsche's new spark: Cayenne goes electric

PORSCHE'S BIGGEST car has gone electric. This week, the German carmaker unveiled the Cayenne Electric, a technological masterpiece that launches the iconic SUV into an electric future. The launch is a big step in Porsche’s rapid transformation towards electrification (36% of the cars it sells are electrified).

time to read

1 min

November 22, 2025

Financial Express Lucknow

RITES steps up execution as order book tops ₹9K cr

INDIAN RAILWAYS' ENGINEERING and consulting arm RITES, which saw its order book breach the ₹9,000-crore mark in Q2FY26, is targeting to step up execution of the projects in a bid to boost its topline.

time to read

1 mins

November 22, 2025

Financial Express Lucknow

IAMAI: Draft accessibility norms to impose cost burden on OTTs

IMPLEMENTATION OF PROPOSED accessibility norms for online curated content specifically for persons with hearing and visual impairment will lead to a high cost of compliance in several cases, which may even surpass their revenue and make them commercially unsustainable, industry body IAMAI said on Friday.

time to read

1 min

November 22, 2025

Financial Express Lucknow

Zelenskyy for ‘honest’ work on US-backed plan

PRESIDENT VOLODYMYR ZELENSKYY said after talks with a top US Army official on Thursday he was ready for “honest” work with Washington on a plan to end the war in Ukraine, while European allies pushed back against punishing concessions to Russia.

time to read

2 mins

November 22, 2025

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