Apple contests India’s antitrust penalty law with risk of $38 billion fine, filing shows

A US group has filed a lawsuit against Apple, alleging that the company is complicit in the use of conflict minerals sourced from the Democratic Republic of Congo, which are linked to human rights abuses and violence in the region.

Canada is actively pursuing a trade deal with India, marking a significant shift in relations after years of tension, particularly influenced by former President Trump's global alliance strategies. This development follows Canada's recent engagement with Beijing at the Asia-Pacific summit, indicating a broader diplomatic effort.

The International Monetary Fund has reclassified India's exchange-rate regime, indicating a shift in its assessment of the Reserve Bank of India's (RBI) interventions in the currency market. This change comes two years after the IMF suggested that the RBI was intervening excessively to stabilize the Indian rupee.

French aircraft engine maker Safran SA plans to increase its component procurement from India by 400%, aiming for a total of €500 million ($579 million) by 2030, reflecting India's growing importance in the aviation sector.

Apple has reported a record net income of $112 billion and quarterly revenue of $102.5 billion for its fiscal year, surpassing Wall Street expectations during its October 30 earnings call. This marks a significant achievement for the tech giant, reflecting strong demand for its products and services.

Citigroup Inc.’s India unit has successfully expanded its asset-backed securities portfolio to nearly $1 billion, achieving this milestone ahead of its February target. This growth reflects a significant increase in demand for such financial instruments in the Indian market over the past two years.

Warner Bros. Discovery's flagship journalism brand CNN has removed its content from Apple News, marking a significant shift in the relationship between the two companies. This decision was reported on November 23, 2025, and reflects ongoing changes within both organizations.

India's central bank Governor Sanjay Malhotra indicated that recent macroeconomic data supports a potential cut in the benchmark policy rate in December, which has led to a decrease in bond yields. This statement reflects the central bank's assessment of the current economic climate and its implications for monetary policy.