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Google to make Pixel phones & drones in India

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Tech giant Google will soon begin making its Pixel smartphones in India, sources aware of the development have told the BBC.

Google is set to manufacture the phones at an existing Foxconn facility in the southern state of Tamil Nadu.

The firm is also set to independently manufacture drones in the state.

India has emerged as a key destination for global firms looking to diversify supply lines outside China in the midst of geopolitical tensions with the West.

Last year, Google had announced plans to make Pixel smartphones in India, beginning with the Pixel 8.

“India is a priority market for Pixel smartphones, and we’re committed to bringing the best of our hardware and underlying built-in software capabilities to people across the country,” it said in a blog post.

On Friday, sources told the BBC that Alphabet’s Google would make advanced versions of Pixel smartphones at the Tamil Nadu facility and that manufacturing would begin within this calendar year.

Google and Foxconn have signed a contract to this end, the source said.

Foxconn currently has two facilities in Tamil Nadu. At one of its facilities near Chennai city, it assembles Apple’s iPhones.

Google’s decision to make Pixel phones in Tamil Nadu came after state officials met company executives recently.

According to a statement from the Tamil Nadu government, officials from Google are also set to meet state Chief Minister MK Stalin in Chennai soon.

(BBC News)

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No justification for coconut oil price hike – Coconut Development Authority

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The Coconut Development Authority has stated that there is no valid reason for a price increase of coconut oil in the local market.

CDA chairman – Prof. Roshan Perera has emphasized that there has been no tax hike on imported coconut oil.
Given the sufficient supply of coconut oil for domestic consumption, Prof. Perera asserted that any price increase is unjustifiable.

Additionally, a new regulatory program is being planned to control and stabilize coconut oil prices in the market, he added.

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Coconut oil price upped

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The price of a litre of coconut oil has been increased by more than Rs. 100, the National Consumer Front (NCF) has said.

NCF Chairman Asela Sampath said that the price of a litre of coconut oil has been increased by between Rs. 180 and Rs. 200. 

Accordingly, the current retail price of a coconut oil litre is Rs. 550.

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Registration compulsory for all money changers 

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The Central Bank has issued a notice making it compulsory for all money exchange institutions to be registered with the Central Bank and regulated by it. 

The CB order is in effect from 3 June 2024. 

The Central Bank states that all money changers who are currently not registered will now receive the opportunity to provide such services in a systematic and regulated manner. 

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