Apple is intensifying its succession planning efforts as Tim Cook prepares to step down as CEO as early as next year, according to a report by the Financial Times on Friday. John Ternus, Apple’s senior vice president of hardware engineering, is potentially seen as Cook’s successor, the FT reported, citing several people familiar with discussions. … Read more
LG Electronics India is reportedly preparing to launch its initial public offering in the week beginning October 6 to raise around Rs 11500 crore ($1.3 billion), a significant cut from its earlier expected valuation of $15 billion, Bloomberg reported citing sources familiar with the matter.The South Korean electronics giant secured regulatory approval for its … Read more
Union Commerce and Industries Minister Piyush Goyal. The Ministry of Commerce and Industry has said that the government has reopened the application window for the production-linked incentive scheme for white goods citing market growth and growing industry confidence following the success of earlier rounds of the PLI scheme | Photo Credit: ANI The government has … Read more
Bosch group has acquired 74.2% stake in Johnson Controls-Hitachi Air Conditioning India (JCHAI). The acquisition is effective July 31, 2025 and is consequent to the $8 billion global deal, wherein Bosch announced a takeover of the AC solutions business for residential and light commercial buildings from Johnson Controls about a year ago. JCHAI’s acquisition positions … Read more
The families of Jamshyd N Godrej and Smita V Crishna are setting up a family council following the business realignment in April, said people with knowledge of the matter. In addition to this, the Crishna branch will set up a family office comprising Smita Crishna and her daughters Freyan and Nyrika. Nyrika, who is executive … Read more
Apple ecosystem the biggest blue-collar job creator for India! Since the launch of the Production-Linked Incentive (PLI) scheme for smartphones in August 2021, the Apple ecosystem has emerged as a major job creator in India. Directly employing over 150,000 individuals, it stands as the largest blue-collar employer in the country. Government officials and experts told … Read more