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Top headlines: Apple's India plans, raw material crunch for vax maker, and more

With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely

Apple iPhone 12 Pro
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Apple Inc. has tied up with three global vendors — Foxconn, Pegatron, and Wistron — under the production-linked incentive scheme to manufacture in India with huge commitments to export

BS Web Team
Apple to soon make iPhone 12 in India, shift 7-10% of capacity from China

iPhone 12, according to sources in the know, will be manufactured at the Hon Hai Precision Industry (Foxconn) facility in Tamil Nadu — both for the domestic as well as well as the export market. The unit also manufactures iPhone 11, which is the bestseller in India, as well as iPhone XR. Read more

Suspension of IBC proceedings may not be extended beyond March 24

With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have