A deal would put an end to some of the uncertainty media stocks have been facing amid Hollywood's double strike.
Apple supplier Pegatron on Monday temporarily halted iPhone assembly at its Chennai facility in India's Tamil Nadu state after a fire at the factory. Apple has been eyeing a large manufacturing base in India since it began iPhone assembly in the country in 2017. Apple products in India are currently manufactured through contracts with firms including Foxconn, Wistron Corp and Pegatron Corp. It has a total of 14 suppliers with facilities in India.
(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wake-Up CallBonds Resume Selloff as Hawkish Fed Talk Sinks In: Markets WrapHollywood Screenwriters Reach Tent