Apple urges Indian government to revise tax rules that may slow its growth: Report
New Delhi: Apple has urged the Indian government to revise parts of its income tax law that could slow down its expansion in the country, as reported by news agency Reuters.
The company wants changes that would ensure it is not taxed for owning high-end iPhone manufacturing machines that it provides to its contract manufacturers in India.
The push comes as the tech giant looks to shift a larger share of its production away from China and expand its manufacturing footprint in India.
While China still accounts for 75% of global iPhone shipments, India’s share has grown rapidly, quadrupling to 25% since 2022, according to Counterpoint Research. Apple’s iPhone market share in India has also doubled to 8% during the same period.
Apple potentially faces billions of dollars in additional taxes if it changes its business practices without convincing New Delhi to change a 1961 law covering foreign ownership of equipment used in India, added the report.
Apple executives have held meetings with Indian authorities to discuss possible changes to this law. “Contract manufacturers cannot put up money beyond a point. If the legacy law is changed, it will become easy for Apple to expand. India can become more competitive globally,” Reuters quoted an industry insider as saying.
A senior government official has acknowledged the ongoing discussions but is cautious about setting a precedent that could limit its taxing rights. “It's a tough call," said the official, who highlighted that Apple's increased investments are equally important
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Akash Singh says signature celebration fuels motivation, reinforces dominance
Lucknow (PTI): Pacer Akash Singh caught the eye with his unique celebration during Lucknow Super Giants' win over Chennai Super Kings, pulling out a piece of paper from his pocket after a wicket, a gesture he said was aimed at "motivating" himself and "asserting dominance" over batters.
The left-arm pacer pulled out a scrappy piece of paper after each of the three wickets he took in LSG seven-wicket win over CSK, with the message reading: "Akki on fire -- Akash knows how to take wickets in T20 cricket.
The 24-year-old, who began his IPL journey with Rajasthan Royals and was part of Chennai Super Kings’ title-winning campaign in 2023 before moving to Lucknow Super Giants, registered his best IPL figures with 3 for 26 on Friday.
"'Akki knows how to take wickets in T20 cricket', right?" Akash said when asked about the message on the piece of paper, adding that it serves as a source of motivation and helps him focus on dominating batters and delivering stronger performances for the team.
"Different things motivate different people. Some days I show the paper, some days I don't, but it reflects my mindset on that particular day. When you carry a piece of paper with something written on it, you manifest things and the most important part is when those manifestations actually materialise," he added.
Akash, who hails from Bharatpur in Rajasthan, said the strong backing from the Lucknow Super Giants support staff over the last two years had played a huge role in his growth as a cricketer.
"I've been with LSG for two years and the most important thing has been the backing from the coaches, even when I'm not in the playing XI. This year we have Bharat Arun sir, last year Zaheer sir was there...Tom Moody. The way they guide us, prepare us and keep us ready for opportunities is very important when there are 25 players in the squad," he said.
"When you are not playing, you naturally seek backing and every player wants to make the most of the opportunities he gets. The support from the captain also matters a lot and with Rishabh bhaiya backing you, the confidence grows and you are able to perform better," Akash said, referring to Rishabh Pant.
Akash said Pant had asked him to trust his strengths ahead of the clash against CSK.
"He told me that the new ball is my strength and that I can swing it both ways. So I just tried to make the best use of my skills. The wicket also had good bounce, so I focused on using the bouncer effectively,” added Akash.
On his success against CSK, Akash said his experience of playing in the IPL since 2020, including a stint with CSK, helped him understand the opposition batters better, while backing his own strengths with the ball also played a key role in his impressive spell.
"Obviously, when you play in the IPL and have shared the dressing room with some players, you understand their strengths and weaknesses. My focus was first to back my own strengths, then exploit their weaknesses and also make the best use of what the wicket was offering," Akash said.
Akash said he had sensed over the last two-three games that an opportunity could come his way after being repeatedly told to "be ready", though he admitted he was unfortunate not to get a chance earlier.
"Two days before the match, during practice, I was told to be ready," he said.
Clarifying that he had not been carrying the piece of paper in anticipation, Akash said he often notes down thoughts that could help improve his game..
"Whenever I’m alone or about to sleep, any thought that comes to my mind which can help my cricket, I write it down. The other night I got this thought and jotted it down on paper," he added.
