Hong Kong-listed FIH Mobile Ltd’s India unit Bharat FIH Ltd filed for an initial public offering of up to 50.04 billion rupees ($662.97 million) on Wednesday, according to its draft prospectus. Shares of FIH Mobile, a unit of Apple Inc supplier Foxconn, surged 6.7% earlier in the day in Hong Kong after…
IT raids are underway at the Foxconn manufacturing unit in Sunguvarchatram near Sriperumbudur. Foxconn produces cell phone components for some of the leading brands, like Apple, Blackberry and Redmi etc. The raid began yesterday and is still ongoing. The IT sleuths, based on a tip off, have been conducting a raid at…
Apple Inc. is working on new Apple Watch models and health features, spanning display and speed upgrades, an extreme sports edition and body temperature and blood sugar sensors. The Cupertino, California-based tech giant is planning to refresh the line this year — with a model likely dubbed the Apple Watch…