Political implications from the Adani fallout could be far reaching for India despite the short-term concerns over governance issues, says one economist.
Foxconn will build a new iPhone factory in India’s Karnataka state, bringing about 100,000 jobs to Bengaluru, Bloomberg reported.
India’s increase in infrastructure spending hopes to create more jobs to solve its unemployment problem, but economists think otherwise.
Australian mining giant BHP is optimistic China and India’s growth will boost commodity demand, even as the company reported a steep drop in half-year profits.
“Modi and business tycoon Adani are close allies; their fate is intertwined,” said billionaire investor George Soros
Boeing has been hesitant to ramp up plane production before stabilizing its supply chain.
India will secure oil from anywhere as long as the terms are beneficial, India’s energy minister Hardeep Singh Puri told CNBC.
Executives and officials say relatively moderate inflation, high infrastructure spending and digital developments are a boon; though many challenges remain.
Amazon is expanding its in-house logistics arm even as CEO Andy Jassy looks to cut costs elsewhere inside the company.
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