Wednesday, November 23, 2022

iPhone Factory Workers Protest at Foxconn Plant Hit by COVID-19 in China

Protests broke out at Foxconn's flagship iPhone plant in China over contract disputes amid anti-virus controls. The trigger for the protests appeared to be a plan to delay bonus payments, many of the demonstrators said on livestream feeds. Foxconn said in a statement it had fulfilled its payment contracts and that reports of staff with COVID-19 living on campus were "...

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Hyundai India plans ₹7,500-cr capex for FY27 as Q4 net falls

Hyundai India is investing ₹7,500 crore and launching two new models this fiscal year to capitalize on rising demand. The company plans to e...