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India invokes force majeure for West Asia conflict, allows 2-4 month contract extensions without penalties
En desarrollo
Business·1/5/2026Resumen IA

India invokes force majeure for West Asia conflict, allows 2-4 month contract extensions without penalties

The finance ministry has said the West Asia conflict should be treated as a 'war' to invoke the force majeure clause in public contracts, allowing 2-4 month extensions without penalties. The department of expenditure issued an office memorandum enabling relief for companies whose contractual obligations were affected by supply chain disruptions from Feb 27 onwards. Sectors including defence, drone manufacturing, fertiliser and chemicals will benefit.

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Times of India
1 min de lectura
Tim Cook warns rising memory costs may force Apple to raise iPhone prices
En desarrollo
Business·1/5/2026Resumen IA

Tim Cook warns rising memory costs may force Apple to raise iPhone prices

During Apple's Q2 2026 earnings call, CEO Tim Cook warned that rising memory costs will significantly impact the company starting in the June quarter, suggesting these expenses may be passed on to consumers. Cook indicated Apple is evaluating a "range of options" to handle the increasing costs, which have already begun affecting margins. Meanwhile, Apple faces immediate supply constraints for Mac products including Mac mini, Mac Studio, and MacBook Neo due to SoC processor shortages, with balance not expected for several months.

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Times of India
2 min de lectura