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Apple reportedly fired some Indian-origin employees for alleged misuse of the company's matching grants scheme. Some US-based employees, in collusion with organizations linked to the Indian community, supposedly created falsified donation records. TANA is under scrutiny by the FBI and has received a subpoena. The FBI-IRS-DOJ is investigating potential CSR matching grant misuse.
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The China plus one strategy encourages diversification of suppliers due to geopolitical risks, which benefits Indian companies across various sectors. In pharma, both traditional and CDMO segments show opportunities. The industrial sector grows more attractive as interest rates drop and currency stabilizes. The strategy also provides a competitive edge to Indian exporters facing Chinese competition.
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Delta Corp shares have fallen 21% in the past six months and 59% over the last three years. The stock's relative strength index (RSI) is at 36.1. According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions.
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