Thu, Jan 28, 2021 8:30 AM
Strongest quarter ever for Apple, iPhone sales increased by 17%
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Tata Group may strike a deal to take control of Pegatron Corp.’s iPhone manufacturing operations in India as soon as May, cementing Apple Inc.’s relationship with one of the country’s most influential conglomerates. Tata Group is in the final stages of negotiations with Pegatron to take a majority stake in the Taiwanese firm’s Apple handset assembly operations in India.
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The Board of Directors of Aditya Birla Fashion and Retail Ltd (ABFRL), at its meeting on April 19, approved the proposal of vertical demerger of business from ABFRL into a newly incorporated company named Aditya Birla Lifestyle Brands Ltd. (ABLBL), which will be listed separately on completion of the demerger. The announcement comes after the company's board at its meeting on April 1.
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State-owned Life Insurance Corporation of India (LIC) reported a 26.41 per cent increase in the total premium collected in March 2024 to Rs 36,300.62 crore compared to Rs 28,716.23 crore in the same month a year ago. LIC was followed by SBI Life Insurance Company in premium collection growth at 24.76 per cent. ICICI Prudential Life Insurance Company reported a 12.58 per cent growth.
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