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Monday, June 1, 2020
Goverment to drop plant evaluation clause to ease shifting of mobile factories to India
The government is likely to drop a clause of evaluating plant machinery for electronics manufacturing in the recently notified Rs 48,000 crore worth incentive schemes to ease shifting of base for companies like Apple and contract manufacturers to India, according to sources. https://ift.tt/2MkbPj9
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JD reports Q4 revenue up 13% YoY to ~$48B, its fastest growth in three years and above est., net income up 100%+ to ~$1.4B, as Chinese consumer spending rises (Bloomberg)
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