Donald Trump alleges that Apple CEO Tim Cook has discarded plans for new manufacturing facilities in Mexico, opting instead to invest in the U.S. Concurrently, DEBOCK INDUST reports severe revenue losses, while CIE Automotive India notes a profit rise despite falling revenues. Additionally, Indian Bank’s new CEO is shifting the focus towards smaller loans amidst current lending trends.
On February 22, 2025, Donald Trump, the former U.S. President, asserted that Tim Cook, the CEO of Apple, has decided to terminate plans for manufacturing plants in Mexico following their recent meeting. Trump claimed that Cook promised substantial investments in the United States, although this has yet to be officially verified by Apple.
In other business news, DEBOCK INDUST announced a concerning third-quarter report for 2025, revealing a revenue drop of 97.01% year-on-year, resulting in a loss of ₹0.2 crore. Meanwhile, CIE Automotive India disclosed a mixed fourth-quarter performance, reporting a profit increase of 9.49% year-on-year despite a revenue decline of 5.82%, with profit standing at ₹184.98 crore and revenue at ₹2109.95 crore.
Furthermore, the newly appointed CEO of Indian Bank, Binod Kumar, intends to shift the bank’s focus towards smaller loans amid a slowdown in personal loan growth. His strategic plans are poised to transform the direction of the bank as he accentuates a new approach to credit operations.
In summary, recent corporate news highlights significant claims made by Donald Trump regarding Apple’s manufacturing strategy, alongside critical financial disclosures from DEBOCK INDUST and CIE Automotive. Furthermore, Indian Bank’s new leadership aims to recalibrate its lending focus, reflecting broader trends in the financial industry. These developments underscore the dynamic nature of the business landscape and inform stakeholders of impending changes.
Original Source: www.livemint.com
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