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News on Medial
Tata Electronics Gets Show Cause Notice Over iPhone Plant Fire
Inc42
·
9m ago
Medial
The Tamil Nadu government has issued a show cause notice to Tata Electronics after a major fire broke out at its iPhone manufacturing plant in Hosur last month. The fire disrupted operations at the plant, and Apple sent a Supplier Responsibility team to assess the situation and provide guidance to the contract manufacturer.
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Related News
Tata Electronics to partially resume work at fire-hit iPhone component plant
Economic Times
·
10m ago
Medial
- Tata Electronics to resume operations at fire-hit plant in southern India - Efforts made to identify the cause of the fire at Tata Electronics' Hosur facility - Apple iPhone component production to recommence following the incident - Company spokesperson confirms resumption of some operations since Saturday - Tata Electronics working diligently to investigate the fire incident at the plant
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Tata To Partially Restart Operations At Fire-Hit iPhone Unit in Hosur
Inc42
·
10m ago
Medial
- Tata Electronics to resume operations at fire-hit iPhone facility in Hosur, Tamil Nadu. - A major fire broke out at the Tata Electronics' iPhone plant last week. - Production at the facility was suspended indefinitely following the fire incident. - Apple has sent a supplier responsibility team to assess the situation and provide guidance to the contract manufacturer. - Tata Electronics is now working on restoring and reopening the facility.
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Tata iPhone Plant Fire: Anodising Plant Likely Source, Finds Probe
Inc42
·
10m ago
Medial
- Fire broke out in the anodising plant due to a thermostat control failure. - Anodising facility was completely destroyed as the fire spread through the air duct. - Probe report has been shared with Tata Electronics executives. - iPhone plant operations were disrupted due to the fire. - Apple sent a supplier responsibility team to assess the situation and guide the contract manufacturer.
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Tata Steel gets show cause notice over input tax credit of Rs 1,000 cr availed during FY19-23
Economic Times
·
1m ago
Medial
Tata Steel received a show cause notice from tax authorities for allegedly irregularly availing input tax credit worth Rs 1,000 crore between FY19 and FY23. The notice demands explanation for GST recovery of Rs 1007 crore. Tata Steel has already paid over Rs 514 crore in GST. The company believes the notice lacks merit and plans to address the issue through proper channels, asserting no financial impact from the notice.
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Tata's fourth iPhone assembly plant likely to start in November: Report
Money Control
·
11m ago
Medial
Tata Electronics is building a fourth iPhone assembly unit in India, set to begin production in November. The plant in Tamil Nadu will be the second iPhone assembly facility for Tata Electronics, with the first being acquired from Wistron in Karnataka. The 250-acre plant is set to employ over 50,000 workers and will be Apple's largest facility in India. This move is part of Apple's efforts to diversify its supply chain beyond China amid the ongoing geopolitical tensions.
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Major Fire Disrupts Operations At Tata’s iPhone Facility In TN
Inc42
·
10m ago
Medial
Tata Electronics is investigating a fire incident at its Hosur plant, which was about to start manufacturing smartphones. No casualties were reported, but the impact on operations remains uncertain. The company had plans to hire over 20,000 workers at the facility.
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Tata Electronics To Buy Majority Stake In Pegatron’s TN iPhone Plant
Inc42
·
8m ago
Medial
Tata Electronics and Pegatron's iPhone unit plan to form a joint venture in Tamil Nadu, with Tata Electronics holding a 60% stake. The Tata Group subsidiary may pay $150-200 million for the stake. Earlier this year, there were discussions for Tata Electronics to hold a 65% stake in a joint venture with Pegatron for their plant in Hosur.
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Paytm gets show-cause notice from SEBI over ESOPs granted to CEO
Inshorts
·
1y ago
Medial
Paytm has received a show-cause notice from market regulator SEBI over the employee stock option plans (ESOPs) granted to the startup's Founder and CEO Vijay Shekhar Sharma, Paytm said in an exchange filing. "[We believe] that the company is compliant with the relevant regulations," Paytm said. It added that it had submitted its preliminary response to SEBI's notice.
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Tata’s INR 6K Cr iPhone Unit To Kick Off Operations In November
Inc42
·
11m ago
Medial
Tata Electronics is investing INR 6,000 Cr in building a new iPhone factory in Hosur, Tamil Nadu. The factory is set to begin operations in November and will be the company's second iPhone assembly plant in India, with plans to launch iPhones from this facility. This comes after Tata acquired Wistron's assembly plant in Karnataka last year.
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Video shows Ola scooter catching fire outside company's Bengaluru showroom
Inshorts
·
9m ago
Medial
A video showing an Ola Electric scooter catching fire outside the company's showroom is being widely circulated on social media. The undated video was reportedly recorded outside an Ola showroom in Bengaluru's BTM layout. Recently, Ola Electric has been criticised by customers for not providing satisfactory service, prompting the CCPA to send show-cause notice over thousands of complaints.
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