This will be Tata’s first gigafactory outside of India and will have the capability to produce an initial output of 40 gigawatt hours

India is concerned that tie-ups like the one proposed by BYD are “controlled by the foreign partner” and reduce the partnering Indian company to a “dummy entity”

The Chinese telecom giant has fallen behind South Korea's Samsung in the country, where brick-and-mortar remain the bigger players in smartphone sales

The investment proposal also includes a plan by BYD to set up charging stations in India and build research and development and training centres

Explaining its breakup with Vedanta, Foxconn said "there was recognition from both sides that the project was not moving fast enough"

The phone is the telecom giant’s latest attempt to tap into India’s massive and under-penetrated rural market where many are yet to migrate to smartphones

The deal is the latest unveiled after Prime Minister Narendra Modi’s visit to the US which also saw similar announcements from Micron and Applied Materials

The US aviation and energy giant signed a memorandum of understanding with HAL, which includes the potential joint production of GE Aerospace's F414 engines in India

Musk says it's "quite likely there will be a significant investment in our relationship with India in the future,” adding that he thinks "India has more promise than any large country in the world"

It’s feared the hiring slowdown could affect consumption amid warnings of economic ‘headwinds' and with the IT sector accounting for 8% of India's GDP

Musk's comment represents a shift in stance for Tesla, which saw talks with the Narendra Modi-led government hit a deadlock last year

CEO Tim Cook believes emerging markets, with their younger populations and fewer iPhones, will bring more prospects for growth for Apple