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Apple's assembly operations in India lag significantly behind China, with output reaching only 15 million units from 2016 to 2023, just 7% of global shipments. Despite easing local sourcing rules and launching an online store in 2020, the pace of growth is one-tenth that of China's rapid expansion. Apple's long-term goal is to achieve self-reliance in iPhone production in India, but this may take another 5–10 years, as current operations are primarily focused on final assembly with components sourced from China.
Nio is implementing a new strategy to cut costs by minimizing material waste during product transitions, significantly reducing unnecessary production expenses. The company has effectively utilized remaining inventory from older models, achieving a gross margin despite discounts, and has improved coordination between teams through its Cell Business Unit management mechanism. Nio aims for profitability by Q4 2025, with recent vehicle deliveries showing a year-on-year increase.
Temu, a global e-commerce platform, experienced a 58% drop in daily U.S. users in May following the U.S. government's removal of tariff exemptions for low-value packages from China. This policy shift has forced Temu to restructure its business model, increasing operational costs by 10-30% and impacting its competitive edge.In response, Temu is pivoting towards emerging markets, with non-U.S. users now making up 90% of its 405 million global monthly active users. This strategic shift aims to mitigate the effects of U.S. trade barriers and maintain growth momentum.
Airavat and Fly Sirius, known for their luxury private jet charter services, have rebranded as Transworld Jets. This change aligns them with their parent company, Transworld Group, and is part of a strategic initiative to enhance brand coherence in international markets.
Krishca Strapping Solutions Limited reported total revenue of ₹151.08 Crores for FY25, with H2 contributing ₹87.24 Crores. The company achieved an EBITDA of ₹24.29 Crores and a profit after tax of ₹11.60 Crores, resulting in an earnings per share of ₹8.33.
Capital A reported a strong recovery in Q1 2025, achieving 5.3 billion ringgit (US$1.2 billion) in revenue and a profit after tax of 194 million ringgit (US$45.6 million), rebounding from a loss last year. The aviation segment contributed significantly, with passenger numbers up 5% to 16.2 million, while average fares dropped 9% to 241 ringgit (US$56.6). Diversification into non-aviation businesses proved critical, generating 15% of total revenue, as the company navigates industry challenges and aims for future growth through potential dual listings.
Chinese EV manufacturers reported mixed sales for May 2025 amid a price war, with BYD leading at 376,930 vehicles sold, a 14.1% year-on-year increase. Leapmotor and Aito achieved record deliveries, while Xpeng and others showed modest growth. The industry is consolidating, with a shift towards plug-in hybrids as consumer preferences evolve.
Saudi Arabia is set to place multi-billion-dollar orders for Airbus aircraft as part of its strategy to diversify its aviation partnerships and enhance its presence in the rapidly growing Gulf aviation sector. State-owned AviLease is in talks to acquire around 30 Airbus A320neo jets and is also considering Airbus A350 freighters. Meanwhile, Riyadh Air is leaning towards the Airbus A350 for its wide-body fleet, potentially ordering up to 50 aircraft, while maintaining a balance with Boeing following recent significant orders.
Oil prices rebounded over $1 a barrel after OPEC+ decided to maintain its output increase of 411,000 barrels per day for July, matching the previous two months. Brent crude rose to $64.24, while US West Texas Intermediate climbed to $62.45, as traders anticipated this decision. Analysts expect a similar increase in August, despite concerns over US fuel inventories and a potential slowdown in crude production due to lower prices.
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apple's slow progress in india lags significantly behind china's rapid growth
07:05 03.06.2025
Nio implements cost-cutting strategies to enhance profitability and reduce waste
05:36 03.06.2025
Temu faces 58 percent user decline after US tariff policy change
05:00 03.06.2025
Airavat and Fly Sirius rebrand as Transworld Jets to enhance global presence
12:31 02.06.2025
krishca strapping solutions reports over 150 crores in revenue for fy25
12:16 02.06.2025
capital a reports strong recovery with significant profit growth in q1 2025
11:53 02.06.2025
Chinese electric vehicle sales show mixed results amid ongoing price war
11:42 02.06.2025
Saudi Arabia diversifies aviation fleet with multi-billion dollar Airbus orders
11:13 02.06.2025
oil prices rise as opec plus maintains output hike for july
10:24 02.06.2025
BYD achieves record May sales in 2025 following significant price cuts
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