Hon Hai Precision Industry Co., Apple's primary iPhone manufacturer, is investing $1.5 billion in its Indian unit, signaling a production shift away from China. This move aligns with Apple's strategy to diversify its manufacturing base amid geopolitical tensions and potential tariffs. The majority of iPhones made in India are assembled at Hon Hai's southern India factory.
De Beers is facing industry challenges. The company is selling rough diamonds at lower prices to select buyers. This move aims to reduce inventory. However, it creates tension among other customers. Anglo American pressures De Beers to boost sales. The diamond market shows signs of stabilization. US tariffs pose new threats. The industry is lobbying for exemptions.
Sunil Mittal is planning to acquire a significant stake in Haier India. He is partnering with Warburg Pincus for this deal. The potential acquisition could be around $2 billion. Haier is considering selling a stake in its Indian unit. Other investors like Temasek and GIC have shown interest previously. Haier's revenue in South Asia has experienced substantial growth.
In a bold global expansion move, DoorDash announced $5.1 billion in acquisitions—UK-based Deliveroo and tech firm SevenRooms—while posting strong Q1 order growth. The deals aim to boost international reach, diversify services, and enhance merchant tools, though investor concerns led to a stock drop.
3G Capital is set to acquire Skechers USA for $9.4 billion, marking the footwear industry's largest buyout amidst challenges posed by US tariffs. The deal, expected to close in Q3 2025 and financed through a combination of cash and debt, will take Skechers private, with CEO Robert Greenberg continuing to lead the company.
Uncertainty surrounding tariffs is causing businesses to delay decisions, leading to a synchronised hit on the world economy. Even potential trade deals may not immediately reverse the damage to supply chains and business confidence.
Over three dozen Indian tech startups with a combined valuation of $100 billion are eyeing IPOs by 2027, signaling a revival in public listings. Major names include Flipkart, PhonePe, and Oyo. According to The Rainmaker Group, most IPO-bound firms are striking a balance between rapid growth and profitability, setting the stage for a strong comeback in equity markets.
Temu, known for its cheap Chinese imports, is shifting to a "local fulfillment" model, focusing on US-based merchants to avoid tariffs and maintain prices. This move comes as retailers like Shein and Alibaba face rising import taxes and the end of tariff exemptions. Temu aims to help local businesses and improve service levels amidst these challenges.
India's urban shoppers are showing signs of increased demand, potentially offsetting trade negotiation volatility with the US. Hindustan Unilever anticipates improved demand driven by macroeconomic tailwinds, while Reliance Retail reports a profit jump. These positive indicators suggest a possible end to a year-long economic slowdown, supported by government initiatives and a favorable monsoon forecast.
Most of the hikes in US prices came on Friday, with markups significantly higher in some categories than others, according to data compiled by Bloomberg News. The average price for the top 100 products in the beauty and health category increased by 51% from Thursday, with several of the items more than doubling in price. For home and kitchen products and toys, the average jump was more than 30%, led by a massive 377% increase in the price of a 10-piece set of kitchen towels. For women’s clothing the rise was 8%.
Trade war prompts Chinese firms to approach Indian exporters. They seek help to fulfill US orders due to tariffs. Indian companies are offered commissions for sales. Sectors like hand tools and electronics see increased queries. Indian government is in talks with the US for a trade deal. Some American firms are also approaching Indian manufacturers.
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