Contract Manufacturing

iPhone manufacturers cross 20% local sourcing from India, says Nirmala Sitharaman

Apple has scaled up domestic value addition and component manufacturing as global supply chains realign

Tata Group's manufacturing strategy looks similar to China's Luxshare's, says Princeton researcher

Luxshare, founded by a formidable Grace Wang, a former "factory girl" from Shenzhen, now is only second to Foxconn.

Foxconn aims to make India its third EV hub, eyes 5% global market share by 2025

The Taiwanese company has held talks with Telangana and Tamil Nadu governments to set up an EV plant and a decision is expected soon. Bharat FIH, Foxconn’s India arm, has been making components for EV companies such as Ather Energy and Ola Electric since 2015

P&G says won't renew contract mfg deal with JHS in Himachal

Procter &Gamble cites financial instability of JHS as the majot reason for not renewing the contract mfg deal with JHS in Himachal Pradesh. The contract was for the manufacturing of Tide which was due to expire by June-end.

Jubilant Life expects 3-4 drug approvals in the US in FY12

Jubilant Life Sciences Ltd (JLSL) today said it plans to file applications for about 30 new drugs in the US and Europe and expects to receive approvals for three to four drugs in the American market this fiscal.

Apr-June qtr: Pharma cos to see healthy sales, sick margins

Pharmaceutical sector has been in the pink of health this year with most stocks outperforming the broader market since the beginning of April. However, there could be some suffering ahead.