Trump warns Apple of 25% tariff on iPhones made in India or anyplace else; stock drops 2%

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While the majority of Apple’s flagship phone production currently takes place in China, the company has begun to shift manufacturing operations to India.   President Donald Trump on Friday announced that Apple will be subject to a tariff of 25% or more for iPhones manufactured outside of the United States. In a statement on social…

Six officials of IndusInd Bank under investigation for insider trading: Report

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SEBI examining the timing of trades by these six officials to ascertain whether the sales violated regulations, the report said Investigations are in preliminary stages and show cause notices to the individuals and to the bank have not yet been sent. Reuters India’s markets regulator is investigating six IndusInd Bank officials for insider trading to determine if…