Apple iPhones: 12 percent could be made in India by FY26 — report; Byju's losses skyrocket

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By fiscal year 2026, at least 12 percent of the free-on-board value of Apple's global iPhone shipments could be made in India, Inc42 reports, citing a report by Business Standard that is behind a paywall. Byju's, India's most-valued startup, yesterday, reported losses of Rs. 4,589 crore for the fiscal year that ended March 31, 2021, which is close to a 20-fold increase over the Rs. 231.69 crore adjusted loss for the previous fiscal year, Moneycontrol reports. And SoftBank Group could be planning another Vision Fund, Wall Street Journal reports