Under the deal announced internally last week, Tata will hold 60 per cent and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the details are not yet public.
The sources did not elaborate on the financials of the deal. Tata declined to comment, while Apple and Pegatron did not respond to Reuters queries on Sunday.
Denne historien er fra November 18, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 18, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
A maker of modern India
Dr Manmohan Singh was that rarity of rarities, a good man in politics. He was never a politician, for he brought to politics a decency and integrity that is unmatched.
A legacy of rights-based laws
From MGNREGA to RTI, Manmohan Singh's policies transformed India's social welfare landscape
A gentle but effective leader
Dr Manmohan Singh passed away on December 26, and his loss has inspired a wide range of tributes for a political leader distinguished by his integrity, humility, deep understanding of the economy, and achievements as both finance minister and long-standing Prime Minister.
'Eminent economist, great human being'
We have lost a very distinguished leader, an eminent economist and a great human being with the passing away of Dr Manmohan Singh.
Manmohan Singh: A personal memoir
I first met Manmohan Singh in 1981. As a reporter for Business Standard in Delhi, I had accompanied my bureau chief to meet the member-secretary of the Planning Commission.
Peerless policymaker who shaped equity markets
Seeds for robust equity markets were sown during his tenure as FM in Narasimha Rao government. Economic growth gathered momentum in Singh's first term as PM
Defining reforms under Singh as finance minister, Prime Minister
India pledges gold with the Bank of England and UBS to increase foreign currency reserves in the face of an imminent external payments crisis
India's uncharismatic reformer
Charisma. The late Manmohan Singh had many gifts, but charisma was not one of them. That lack of charisma was actually foundational to his political career and his remarkable achievements.
Dr Singh's other reform
Manmohan Singh's success lay in making a decisive and historic shift towards the West. It was also audacious, in my book even more so than the 1991 reform, given how little support it had within the Congress and the UPA
Trump gloom or green shoots? Europe's year ahead
After Covid-19 and Russia's invasion of Ukraine, is Europe about to get its next existential shock in the shape of Donald Trump? From trade to defense to tech, the combination of mercantilism and MAGA is going to hurt—but hopefully also jolt Europeans out of typical complacency.
