Page 47 - Apple Inc

Finance Ministry rejects Apple's demands for tax sops to 'Make in India'

The government has rejected demands for tax exemptions from Apple arguing that concessions to a single company is not possible.The Finance Ministry has refused the demand for slashing customs duties on completely knocked down and semi knocked down units of devices that are to be assembled in India.However, on the same day the company's primary assembler, the Taiwan based Foxconn on Tuesday sought support for export of mobile phones.It also reiterated its demand for removal of customs duties on imported components.The company's Managing Director and Country head Josh Foulger on Tuesday raised the issues after meeting Commerce and Industry Minister Nirmala Sitharaman, sources said.Apple as well as Foxconn seeks the removal of import duties on inward shipments of components which will go into creating the iPhone.The demand which reached the Finance Ministry asked for an amnesty from the duties both pre and post the implementation of the Goods and Services Tax regime. With the fineprint ..

Apple to sell special edition of iPhone 7 in India from April

The special RED edition symbolises the fight against AIDS

Apple stock could jump 10% to $155 in 6 months: Barron's

Currently, the stock trades around $140 now, up more than 20% in 2017

Apple sticks to concessions stance, wants to assemble iPhones in India

The US tech giant wants relaxation in mandated 30% local sourcing of components

Govt to consider Apple's request for incentives with 'open mind': Prasad

Apple sought tax concessions and other exceptions before it starts production of iPhones in India

Apple's 'growing' demands for sops, tax concessions riles Modi govt

Apple has demanded concessions on tax as well as exemption from local sourcing of input materials

MacOS Sierra to bring virtual assistant Siri to Mac: Apple

Siri will come to Mac with features familiar on iPhone and iPad, along with capabilities designed specifically for use on its desktop

Local sourcing waives to give Apple's distribution a leg-up

Now, it can set up its own branded stores in the country as it seeks to capitalise on the new FDI norms

Why did Apple choose Hyderabad to set up its map development centre?

The city houses National Remote Sensing Centre and is also home to several companies offer geographical information system services