Reuters Financial News

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software update from Apple for its iPhone 12 and are reviewing it as a fix for a radiation issue, a source at the French digital ministry told Reuters on Tuesday. Apple pledged to update the software to defuse a row over radiation levels from iPhone 12 handsets, after France suspended sales of the phones earlier this month following tests it said found breaches of radiation exposure limits.

Edwards Lifesciences (NYSE:EW) was raised to Outperform from Perform with a $90 per share price target by Oppenheimer analyst on Tuesday.

(Reuters) — The U.S. FDA is cracking down on lax testing practices by dozens of makers of healthcare products following hundreds of deaths overseas from contaminated cough syrups, a Reuters review of regulatory alerts found.

British International Investment (BII) plans to invest about $1 billion in Indian climate-related projects by 2026, a top official said, drawn to the country's expanding renewable energy capacity. «We are evaluating exciting businesses in sectors such as bio-fuels, circular economy… as part of the vision for the 2030 roadmap agreed between India and the UK,» Nick O'Donohoe, CEO of BII told Reuters on Tuesday. In India, BII invested over $300 million in climate finance last year in sectors such as renewable energy, electric mobility and sustainable agriculture. Its' current portfolio in India is valued at $2.2 billion with investment in over 290 businesses. Last year, BII agreed to invest up to $250 million in automaker Mahindra and Mahindra Ltd's new electric vehicle unit. «India has produced the best returns of any geography we have invested in,» said O'Donohoe, citing buoyant stock markets and a stable political environment in the country. The company has about 8.2 billion pounds ($9.98 billion) worth of assets through its investments in around 1,500 businesses in emerging economies across 65 countries. On total portfolio investment, the company got 5% in annual return over a rolling 7-year period, he said, declining to give detail on returns on Indian investments.

NABARD) concluded the country's first social impact bond issue, but raised less than it could have due to higher costs for the issuer, three bankers said on Tuesday. NABARD accepted bids worth 10.40 billion rupees ($124.9 million), the bankers said, declining to be identified as they are not authorised to speak to the media. NABARD had planned to raise at least 10 billion rupees via this issue, with a greenshoe option to retain an additional 20 billion rupees.

Pegatron Corporation." According to information shared by agency’s sources with knowledge of the situation, it appears unlikely that production shifts at the plant will resume on Wednesday. One of these sources mentioned that repair work is underway at the facility located in the Chengalpattu area near the southern city of Chennai in Tamil Nadu state, said Reuters.

«The rally may continue due to more flows and less companies to invest in,» Kalpen Parekh, managing director and CEO of Mumbai-based mutual fund DSP, told the Reuters Trading India forum. Mid- and small-cap indexes have significantly outperformed their larger peer in 2023. The Nifty small-cap 100 index has risen nearly 33% this year, while the Nifty midcap 50 index is up around 29%, versus an 8.7% rise in the benchmark Nifty 50.

software update from Apple for its iPhone 12 and are reviewing it, a source at the French digital ministry told Reuters on Tuesday. The US tech company had pledged to update the software to defuse a row over radiation levels. It had until Wednesday to do so after France suspended sales of iPhone 12 handsets following tests it said found breaches of radiation exposure limits.

Apple supplier Pegatron's India iPhone factory is expected to extend into Wednesday and disruptions could last longer as authorities investigate a fire at the Taiwanese firm's only India plant, four sources said. Pegatron described the Sunday fire as a «spark incident» which caused no injuries and said has «no financial or operational impact to Pegatron Corporation», but called off all assembly shifts for Monday and Tuesday, Reuters previously reported. Four sources briefed on the matter said Wednesday shifts were also unlikely. One of them said damage was being repaired at the plant in Chengalpattu area near the southern city of Chennai in Tamil Nadu state, and in the worst case the shutdown could last the entire week. One of the sources said Apple representatives were collaborating with Pegatron after the incident. Apple and Pegatron did not respond to requests for comment. Pegatron has asked independent surveyors to assess the fire damage, a fifth source said. The disruptions are the latest to impact Apple suppliers in India, a country where the U.S.

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iPad Mini. They say, “The share will gradually pick up during the second half because of Apple’s inventory replenishment needs in the third quarter and orders for a new small-size iPad in the fourth quarter, the figures show." As of now, the company has made official announcements regarding the launch of Apple’s iPad Mini 7. However, another notable tipster namely ShrimpApplePro suggested that the upcoming iPad Mini might be under development.

Apple's two stories in India - Apple BKC and Apple Saket were filled with crowds on the launch of the iPhone 15 series in India. The wait time for higher-end iPhone 15 Pro and iPhone 15 Pro Max models are stretching up to late October, a recent Reuters report had noted. Moreover, Counterpoint data quoted by Reuters noted that iPhone 15 Pro models will account for 25% of the overall iPhone 15 shipments in India in the fourth quarter, an increase of 4% from the top-tier iPhones from last year.

STOCKHOLM (Reuters) -Scandinavian airline SAS said on Tuesday it was evaluating final bids in an equity fundraising that closed a day earlier, and which is part of an ongoing bankruptcy protection process.

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(Exciting news! Mint is now on WhatsApp Channels: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The five banks will be working with RegTech specialist Droit and a law firm to write a common digital machine-readable code that consortium members can implement to ensure consistent compliance. In some of the recent cases, investors have amassed large stakes in publicly traded companies that, while within the rules, have taken other market participants by surprise.

India considers lithium mining royalty at 3% of LME price- govt sources The Reuters report while quoting government sources close to the matter noted, "The auction will happen soon and some overseas miners have shown interest" India has been exploring ways to secure lithium supplies with the first lithium deposits of 5.9 million tonnes found in Jammu and Kashmir in February this year. Lithium reserves were discovered during exploration by the Geological Survey of India (GSI) in the Reasi district of Jammu and Kashmir.

Philippines said on Tuesday there were no signs of a standoff at a fiercely contested, China-held shoal in the South China Sea, a day after its coastguard severed a floating barrier installed by Beijing to block its fishermen. China's coastguard had even removed remnants of the ball-buoy barrier from the Scarborough Shoal, a Philippine coastguard spokesperson said, adding Beijing was measured in its response to the presence of the vessel, which reached its closest point to the strategic atoll since China seized it in 2012. With coastguard personnel posing as fishermen in a small boat, the Philippines said on Monday it executed a «special operation» to cut the 300-m (980-ft) barrier at the shoal, one of Asia's most contested maritime features, a move that could further strain ties that have deteriorated in the past year. Coastguard spokesperson Commodore Jay Tarriela said four Chinese vessels were in the area when a Philippine ship approached and were «not that aggressive», adding it was clear media were on board the Philippine ship. The Chinese took away the barrier, a few hours after discovering it was no longer aligned and blocking the lagoon, Tarriela told DWPM radio. «They might still return the floating barrier once again, they might still do shadowing and dangerous maneouvres once again,» he told CNN Philippines, adding that the Philippines «will not back down» and will maintain its presence in the sea.