- Tata Group, has joined into a manufacturing agreement with Apple for its upcoming iPhone 15 and 15 Plus in India. The news comes from TrendForce, a Taiwanese market intelligence provider, that claims Tata will be the fourth iPhone manufacturing partner for Apple in India.
- As per the report, Apple is eyeing Tata Group for the fact that it is one of the largest conglomerates in India. This also means that the first shipments of iPhone 15 will be first received in India. Usually, the iPhones in India come late and there are also issues like delayed shipments. The manufacturing in India could also help bring down the price of iPhone 15 series.
The annual wholesale price-based inflation (WPI) fell to -0.92 per cent in April this year, as against 1.34 per cent in March 2023. This is below the Reuters poll that predicted a fall of 0.20 per cent. The WPI inflation fell for the first time in nearly 3 years in April with prices softening across the board.
“Decline in the rate of inflation in April, 2023 is primarily contributed by fall in prices of basic metals, food products, mineral oils, textiles, non-food articles, chemical & chemical products, rubber & plastic products and paper & paper products,” said the Ministry of Commerce & Industry in a statement.