Question
Tata Electronics Pvt Ltd (TEPL) is acquiring Wistron's
operations in India for $125 million, making it the first Indian company to manufacture Apple iPhones. What is the equivalent amount in Indian Rupees (Rs)?Solution
Tata Electronics Pvt Ltd (TEPL), the Tata Group’s manufacturing arm, is acquiring Wistron’s operations in India for $125 million (Rs 1,000 crore). That will make it the first Indian company to manufacture Apple iPhones.
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