The merger between Reliance and Disney, valued at $8.5 billion, has raised concerns with the Competition Commission of India (CCI), prompting them to ask 100 questions regarding the deal. The CCI is looking into potential anti-competitive practices and the impact the merger could have on the market. Both companies are cooperating with the investigation to ensure the merger complies with all regulations.
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Apple CEO Tim Cook on US-made iPhones: I don’t like to…, but…
Apple CEO Tim Cook informed Commerce Secretary Howard Lutnick that advanced robotics technology is crucial for relocating iPhone manufacturing to the U.S. This discussion follows Apple's temporary exemption from heightened tariffs on Chinese imports, which could have inflated iPhone prices. While Apple is diversifying production, with 20% of iPhones now assembled in India, Cook aims to develop U.S. manufacturing, emphasizing the need for skilled technicians and framing this shift as part of a broader AI...
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