The Tata Group of India is likely to take over Wistron Factory in Karnataka, becoming the first iPhone maker in India. According to sources, a deal is under talk to acquire the Apple Inc, Wistron Corp Factor, which is scheduled to begin the production of iPhones in India. The expected deal is a private matter and has been negotiated at $600 million deal. Tata Group would now fulfill the commitments.
Courtesy: The Economic Times
In a major update under the Eknath Shinde rule, the Maharashtra Government is planning to buy the iconic Air India (AI) building in Mumbai's Nariman point. As per sources, the Shinde-led Shiv Sena is planning to extend the mantra laya, at a state offer of Rs 16,000 crores. However, the deal will be completed by vacating 100% possession. Notably, besides Maharashtra Government, the RBI is also after the AI building.
Courtesy: The Times of India