India allows cryptocurrency trading
The ban on cryptocurrency trading in India, imposed by the Reserve Bank of India in April 2018, has been lifted by a court ruling which stated that the policy was disproportionate. The ban disallowed banks from including cryptocurrency transactions in their offered services and was justified by RBI as a necessary move to curb "ring-fencing" of the Indian economy.
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US President Donald Trump issued executive orders to ban US transactions with Chinese companies Tencent and Bytedance, parent companies of WeChat, and TikTok respectively. The ban will take effect in 45 days and may attract retaliation from Beijing. While the scope of the ban remains unclear, the executive orders said that after 45 days, Secretary of Commerce Wilbur Ross “shall identify the transactions” that will be subjected to the prohibition
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Apple’s iPhone 11 now being assembled in Chennai
According to the latest reports, Apple’s new iPhone 11 is now “Made in India” at its contract manufacturer Foxconn’s plant near Chennai. There were a lot of speculations in recent days about the production of iPhone as the US cutting economic ties with China, but it seems like India grabbed the opportunity with both hands to facilitate Apple in production
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India bans 47 more Chinese apps
India bans 47 more Chinese apps
The Government of India banned 47 more Chinese apps in the country. In June, the Government banned 59 Chinese apps that included the hugely popular TikTok. Now, 47 more apps have been banned, for operating as clones of the previously banned apps, the list of particular apps banned in the fresh decision is yet to be announced
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NDTV
Apple starts iPhone 11 manufacturing in India
According to a report posted on Techcrunch, Apple manufacturer Foxconn has started building iPhone 11 units in a facility near Chennai in India, TechCrunch reported, the first time Apple has made one of its top-tier phones in that country. Apple has manufactured lower-priced iPhone models in India since 2017, and reportedly has been considering moving production of its more premium models there for some time
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