India’s industrial output growth remains unchanged at 4% in September

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Manufacturing output expanded 4.8 per cent during September, while the electricity sector grew 3.1 per cent. In contrast, mining activity slipped 0.4 per cent during the period The Index of Industrial Production (IIP) growth stood at 4 per cent in September, unchanged from August, supported by growth in the manufacturing sector, according to data released…

Tata Electronics has bought a 60% stake in Pegatron’s India division to build an iPhone manufacturing facility.

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The electronics manufacturing business from Tata Group, Tata Electronics today announced the acquisition of a controlling 60 per cent stake in Pegatron Technology India Private Limited (“PTI”). The financial details of the deal were not available, but this will allow the company to expand its local iPhone manufacturing. This follows Tata Electronics’ acquisition of Wistron’s…