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Government Said to Plan Near $3 Billion Aid, Tariff Cuts for Electronics

India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing, especially of smartphones made by companies like Apple Inc. The Ministry of Electronics and IT proposed giving manufacturers of components like batteries and camera parts at least 230 billion rupees ($2.7 billion) in support, according to…

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India Unsplash Shubham Dhiman Large 1673433121140.jpg

Government Said to Plan Near $3 Billion Aid, Tariff Cuts for Electronics

India’s government is considering fresh subsidies for electronic component-makers and cutting tariffs on imports to help boost local manufacturing, especially of smartphones made by companies like Apple Inc. The Ministry of Electronics and IT proposed giving manufacturers of components like batteries and camera parts at least 230 billion rupees ($2.7 billion) in support, according to…

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US Steel, Nippon sue Biden administration over decision to block merger | Business and Economy News

Nippon Steel and US Steel have filed a federal lawsuit in the United States challenging the Biden administration’s decision to block Nippon’s proposed $15bn acquisition of the Pittsburgh company. The companies say the head of the United Steelworkers union and a rival steelmaker worked together to scuttle the buyout. The lawsuit, filed on Monday, alleges…

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