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By main , 16 June 2025
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India Strengthens Its Role in Apple’s Supply Chain with Expansion of Foxconn’s Karnataka Plant

Foxconn’s manufacturing hub in Karnataka is rapidly becoming a strategic asset in Apple’s global supply chain, as final evaluations for June shipments are now underway. A senior executive from Apple’s Cupertino headquarters recently visited Tata Electronics’ unit in Devanahalli to assess its readiness for upcoming product launches. Once fully operational, this new facility is poised to become Foxconn’s second-largest iPhone manufacturing site globally, after its China-based operation.

Tags

  • Technology Sector
By Gurminder Mangat , 16 June 2025
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India’s Unemployment Rate at 5.1% in April: Government Launches Monthly Jobs Tracker Amid Economic Shifts

India's unemployment rate stood at 5.1% in April 2025, according to newly released monthly data from the Ministry of Statistics and Programme Implementation. This marks the first time unemployment has been measured and published on a monthly basis through the Periodic Labour Force Survey (PLFS), a move aimed at offering timelier insights into the nation's labor market. The data shows a slight gender gap in unemployment and highlights significant joblessness among youth and urban populations.

Tags

  • Economy
By Gurleen Bajwa , 16 June 2025
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Gold Retreats From Record Highs: Market Calm, Strong Dollar Weigh on Safe-Haven Demand

Gold prices have tumbled from their record highs as investor sentiment shifts in response to easing global tensions and a resilient U.S. dollar. On the Multi Commodity Exchange (MCX), June 2025 gold futures settled at Rs. 92,480 per 10 grams—down 7.4% from the year’s peak of Rs. 99,358. Globally, spot and COMEX gold have also registered their steepest weekly losses since late 2024. The pullback reflects a broader recalibration in market risk appetite, driven by progress in U.S.-China trade talks and a neutral stance from the U.S. Federal Reserve.

Tags

  • Bullion Update
  • Economy
By Nishant Verma , 16 June 2025
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Zuari Agro Chemicals Reports Decline in Q4 Profit Amid Rising Expenses, Yet Sees Strong Annual Growth

Zuari Agro Chemicals, part of the prominent Zuari Group, reported a notable 65% decline in its consolidated net profit for the fourth quarter of fiscal year 2025. The Goa-based fertilizer and agricultural chemicals giant posted a profit of Rs. 27.20 crore, down from Rs. 77.36 crore in the same period last year. Despite the quarterly setback, the company saw a significant 86% increase in net profit for the entire fiscal year, reaching Rs. 230.96 crore. The quarterly drop was attributed to higher expenses, although Zuari Agro’s overall performance in FY25 demonstrated solid growth.

Tags

  • India Business
  • Company Results
By Vinod Pathak , 16 June 2025
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Marriott Signs Agreement to Open New JW Marriott Hotel in Ludhiana, Strengthening Luxury Hospitality in Punjab

Marriott International has signed a landmark agreement with Grey Group to introduce a new 160-key JW Marriott hotel in Ludhiana, Punjab. This move underscores Marriott's strategic focus on expanding its luxury hospitality presence in high-growth markets across India. The hotel is poised to elevate the city's status as a business hub, offering a premium destination for both leisure and corporate travelers. Marriott's Regional Vice President for South Asia, Ranju Alex, expressed confidence in the brand's potential to become a central figure in Ludhiana's evolving hospitality landscape.

Tags

  • Hospitality Sector
  • Company News
By Amrita Bhatia , 16 June 2025
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Berger Paints India Posts Robust Q4 Growth Amid Competitive Landscape and Demand Resilience

Berger Paints India Ltd reported a consolidated net profit of Rs. 262.91 crore for the fourth quarter ending March 31, 2025—an 18% year-on-year increase—propelled by resilient volume growth and a strengthening product mix. Despite facing muted urban demand and heightened competition, the company registered a 7.4% uptick in sales volume, led by robust performance in its decorative and protective coatings segments. For the full fiscal year, Berger Paints posted a net profit of Rs. 1,182.81 crore, alongside steady revenue growth.

Tags

  • India Business
  • Company Results
By Geeta Maurya , 16 June 2025
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Directorate of Revenue Intelligence Uncovers Rs. 25 Crore Luxury Car Duty Evasion Scheme

The Directorate of Revenue Intelligence (DRI) has exposed a major customs duty evasion scheme involving luxury car importers, with an estimated duty evasion of over Rs. 25 crore. The scheme involved undervaluation of high-end vehicles, such as Rolls-Royce and Cadillac Escalade, by mis-declaring their import values. The vehicles were first transported to countries like Dubai and Sri Lanka for modifications before being brought into India under false pretenses.

Tags

  • Automobiles
By Vinod Pathak , 16 June 2025
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AirPods Pro 3 Poised to Redefine Wearable Audio with Health and Hardware Upgrades

As anticipation mounts ahead of Apple’s Worldwide Developers Conference (WWDC) 2025, all signs point toward the imminent debut of the AirPods Pro 3—Apple’s most advanced wireless earbuds to date. With rumors of health-tracking capabilities, a new H3 chip, and a refined design, the forthcoming release could mark a significant leap in the convergence of audio technology and personal wellness. If unveiled at WWDC on June 9, this early-year launch would break from Apple’s traditional fall release cycle, signaling a strategic shift in product rollout.

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  • WWDC 2025
  • Technology Sector
By Nishant Verma , 16 June 2025
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Ajmera Realty Reports Decline in Q4 Profit, but Annual Figures Show Growth

Ajmera Realty & Infra India Ltd. has reported a 12% decline in its consolidated net profit for the fourth quarter of fiscal 2024-25, posting a figure of Rs 25.28 crore, down from Rs 28.77 crore in the same period last year. The company also witnessed a fall in total income for the quarter, which dropped to Rs 153.69 crore from Rs 234.08 crore. However, despite the quarterly slump, Ajmera Realty recorded a solid growth in annual figures, with a net profit of Rs 125.95 crore for the full fiscal year, compared to Rs 102.84 crore in the previous year.

 

Tags

  • Real Estate
  • Company Results
By Agamveer Singh , 15 June 2025
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Azteca Stadium Prepares for 2026 World Cup with Major Overhaul Focused on Fan and Player Experience

As Mexico City gears up to co-host the 2026 FIFA World Cup, the iconic Estadio Azteca is undergoing a comprehensive modernization to meet the demands of the expanded 48-team tournament. Scheduled to reopen on March 26, just 75 days before the opening match, the stadium's renovations focus on enhancing accessibility, comfort, and sustainability. From a hybrid turf system to new locker rooms, hospitality zones, elevators, and digital upgrades, the redesign underscores a broader push to align with global standards.

Tags

  • 2026 FIFA World Cup
  • Sports
  • Trending

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