Public procurement norms may be tweaked to aid makers under PLI
The Indian government is considering changes to its public procurement rules to benefit manufacturers participating in production-linked incentive (PLI) schemes. One proposal being evaluated is granting deemed local supplier status to companies that contract manufacturing to PLI beneficiaries. This move aims to boost domestic production and provide greater market access to PLI participants in government procurement. Key Points
Economic TimesChipmaker TSMC confirms data leak, says supplier targeted in cyberattack
Taiwan Semiconductor Manufacturing Co (TSMC) says a cybersecurity incident at one of its IT hardware suppliers has resulted in the leak of the vendor's company data. TSMC has confirmed that its operations and customer information were not affected. Key Points
mintApple supplier Luxshare to invest $330 mln more in northern Vietnam
Apple (AAPL.O) supplier Luxshare Precision Industry Co (002475.SZ) has been awarded a license to invest an additional $330 million in its plant in Vietnam's northern province of Bac Giang, raising the total investment to $504 million, provincial authorities said. Key Points
ReutersVitesco says new Schaeffler offer for EV merger 'inadequate'
German automotive supplier Schaeffler (SHA_p.DE) raised its offer price for shares in Vitesco Technologies (VTSCn.DE) on Monday, as a goodwill gesture, but Vitesco management said the new offer was "inadequate". Key Points
ReutersWith tyre scrips running head, carbon black can't be left behind: 3 stocks to bet on from this industry
Tyres stocks have been in limelight with them witnessing sharp up move even before this phase of rally started. The supplier of raw material to these tyre companies also should see an increased demand. These are B2B players which are into manufacturing carbon black. The word B2B is normally associated with the digital world, but there are many companies whose products go as consumable or what is commonly called as raw material in the manufacturing sector. Key Points
Economic Times
Apple supplier Foxconn to invest $500 million in India’s Telangana state
The investment will create 25,000 jobs in the first phase, K. T. Rama Rao said in a tweet. Key Points
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