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India is front and center of Apple’s plans to diversify production away from China. But shaky infrastructure isn’t the only obstacle. There is another crucial complicating factor: a powerful and independent labor movement.

₹1,000 crore over the next 18 months towards consolidating, building operational excellence, and growth through expansions, chairperson Nandini Piramal told Mint in an interview. “For the second half of the fiscal year, the company plans to deploy around ₹330 crore, focusing on revenue gain, operational excellence, and making the added brownfield capacities more productive," Piramal added. “And then probably on similar lines, ₹660 crore for the full fiscal year.

The CEO of chipmaker Nvidia views Malaysia as a potential hub for artificial intelligence “manufacturing.”

rupee closed slightly lower on Friday, tracking subdued moves in its Asian peers, as investors turned their attention to a crucial U.S. labour market report due later in the day. The rupee ended at 83.3850 against the U.S.

Congress leader Mahua Moitra was on Friday expelled from the Lok Sabha on the recommendation of Ethics Committee report in the 'cash for query' that was tabled in the Lower House today. The Ethics Committee report probing 'Unethical Conduct' of the Trinamool Congress (TMC) MP had recommended that Moitra «may be expelled» from the Lok Sabha and called for an «intense, legal, institutional inquiry» by the central government in a «time-bound manner». «The serious misdemeanours on the part of Mahua Moitra calls for severe punishment. The Committee, therefore, recommend that Mahua Moitra, MP may be expelled from the Membership of the Seventeenth Lok Sabha,» the report stated. What's the road ahead for Mahua Moitra: As per legal experts, Mahua can challenge her expulsion in the court of law, citing that " there was no evidence of cash or gift given to her." Minutes after her expulsion as a Lok Sabha member, Moitra said she has been found guilty of breaching a code of ethics that does not exist and that there was no evidence of cash or gift given to her. Is there any precedence similar to Mahua Moitra's case: In December 2005, the Lok Sabha had expelled 10 members and a Rajya Sabha member from Parliament in a cash-for-query scam. In 2005, a sting operation conducted by online news site Cobrapost and aired on a private TV channel brought to light a cash-for-query scam.

Canada is threatening to cap the number of foreign student visas if the quality of education and housing doesn’t improve for the newcomers, a move that would limit an important source of revenue for colleges and universities. “We are prepared to take necessary measures, including significantly limiting visas, to ensure that designated learning institutions provide adequate and sufficient student supports,” Immigration Minister Marc Miller told reporters at an Ottawa event Thursday. Think you check all the immigration boxes? Find out The number of foreign students in Canada has nearly tripled in the past decade, reaching more than 800,000 last year. The students pay about five times as much tuition as Canadians and are also grappling with soaring housing costs due to a severe supply shortage. Post-secondary schools, and the provinces and territories that regulate them, have until September to ensure that international students are “set up for success,” Miller said. Canada has a responsibility to support newcomers and protect them from “unscrupulous individuals” who offer inadequate living conditions with inflated prices, he added. “There are in provinces the diploma equivalent of puppy mills that are just churning out diplomas and this is not a legitimate student experience,” he said. “There is fraud and abuse and it needs to end.”

By Lisa Baertlein

By Howard Schneider

By Huw Jones

The surge in AI stocks gained momentum with the introduction of ChatGPT, intensifying the competition among companies to integrate AI into their products and platforms.

(Reuters) — U.S. stock index futures were subdued on Friday as investors prepared for the crucial monthly payrolls report to gain more insight into the Federal Reserve's stance on monetary policy for the upcoming year.

Investing.com — Lululemon Athletica (NASDAQ:LULU) reported fiscal third-quarter results that topped Wall Street estimates, but the athletic apparel maker's revenue guidance for the holiday season quarter fell short of estimates.

Investing.com — Markets are focusing in on the impending publication of the November U.S. nonfarm payroll report, a highly-anticipated data point that may shed more light on the state of the American labor market and serve as a signpost for the Federal Reserve's future policy choices. Elsewhere, Apple (NASDAQ:AAPL) and its suppliers are reportedly aiming to move a quarter of global iPhone production to India, as the tech giant looks to reduce its reliance on China during a time of strained relations between the U.S. and Beijing.

Investing.com — The Dow closed just higher Thursday as a tech-led rally underpinned by Alphabet and AMD offset losses in energy stocks ahead of the monthly jobs report due Friday.

(Updated — December 8, 2023 5:39 AM EST)

Gold prices hit another record high this week after a roaring 2023, and a combination of geopolitical tensions and continued central bank buying should see demand remain resilient next year, according to the World Gold Council.

Can the U.S. economy achieve a much-hyped “soft landing”

World shares are mostly higher ahead of a U.S. jobs report after Wall Street rose Thursday to snap its first three-day losing streak since Halloween

President Joe Biden is heading to Las Vegas to showcase $8.2 billion in funding for 10 major passenger rail projects across the country

Meta is rolling out end-to-end encryption for calls and messages across its Facebook and Messenger platforms, the company announced Thursday

The year received $7 billion in total funding until December 5, a significant decline of 72 per cent, compared to $25 billion in the previous year.