Foxconn

Apple supplier Foxconn to invest $1 billion in India

The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington and the coronavirus crisis. Jul 11, 2020
Restaurants

Majority Indian restaurants closing down; future grim for hospitality sector post Covid-19

While metros of India are gradually opening up post lockdown, many fine-dine restaurants, casual-dining restos, high-end chains, and standalone cafes are pulling down the shutters in the oncoming few weeks. As lease negotiations with landlords requesting deferment of dues fail to materialize, will the hospitality sector revive itself in the Covid-19 era of tomorrow? Jul 9, 2020
China stock market

Asia shares climb as China blue chips hit five-year peak

Asian shares scaled four-month peaks on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery, even as surging coronavirus cases delayed re-openings across the United States. Jul 6, 2020