| | MAY 20238According to an official order, the government has chosen Ravneet Kaur as the Chairperson of the Competition Commission of India (CCI).Since Ashok Kumar Gupta stepped down as Chairperson of the Competition Commission in October 2022, there has been no full-time Chairperson.Sangeeta Verma, a CCI member, has been functioning as Chairperson since October of last year.According to the decision dated May 15, Ravneet Kaur, a 1988 Punjab cadre IAS officer, shall be appointed for a period of five years from the date of taking charge or till the date of achieving the age of 65 years or until further orders, whichever is the earlier.The Competition Commission of India (CCI) is India's primary national competition regulator. It is a statutory entity within the Ministry of Corporate Affairs that is in charge of executing the Competition Act, 2002 in order to promote competition and prevent acts that have a significant unfavourable effect on competition in India. The CCI investigates incidents in which there is a negative impact on competition.CCI also permits mergers under the legislation to ensure that two merging businesses do not dominate the market. Apple may have a new contract manufacturing in India. According to media sources, the Tata Group has started producing Apple's iPhone in India. A fresh rumour claims that the Indian conglomerate builds iPhones at Wistron's plant in South India. The new update arrives just days after Apple CEO Tim Cook met Tata Sons Chairman N Chandrasekaran on his April visit to India to celebrate the opening of Apple Stores in Mumbai and Delhi.The Tata Group, according to reports, builds iPhones at Wistron's facility outside of Bengaluru. According to the report, as part of its acquisition of Wistron's Narasapura factory in Karnataka's Kolar district, Tata Group is building iPhones there.Neither Tata nor Apple have publicly acknowledged any specifics about the former beginning manufacturing operations and producing the iPhone in India. If the details are correct, Tata would be Apple's fourth manufacturer in India, following Foxconn, Pegatron, and Luxshare. The Tata group is apparently taking over Wistron's activities in India as the Taiwan-based company exits the market. According to the Times of India, it is yet unclear whether Wistron will completely abandon the Bengaluru business. According to the report, which cites its top sources, the contract manufacturer has "firmly decided to fully exit the Apple operations in order to focus on other businesses." According to the sources, Wistron will continue to explore for commercial prospects in non apple products. GOVERNMENT OF INDIA APPOINTS RAVNEET KAUR AS CHAIRPERSON OF CCITATA GROUP TO BE APPLE'S NEW CONTRACT MANUFACTURERIN FOCUSIN FOCUS
< Page 7 | Page 9 >