Apple's iPhone assembly partner Foxconn has asked the Indian government for larger payments from a manufacturing fund, because other companies failed to meet standards.

Apple Inc. supplier Foxconn Technology Group and Dixon Technologies India Ltd. are asking India to pay them billions of rupees in subsidies they think they are entitled to under the government’s production incentives program.

Foxconn and Dixon Technologies are seeking substantial subsidies under India's incentive scheme, highlighting potential hurdles in India's efforts to attract investments and build itself as a global electronics manufacturing hub.

India appointed rocket scientist V. Narayanan as the new head of the Indian Space Research Organisation (ISRO), the government said on Tuesday, a key role as India works to become a space superpower.

Born in 1964 in Melakattu village Tamil Nadu’s Kanyakumari District, Narayanan completed his early schooling in his hometown. He earned a Diploma in Mechanical Engineering (DME) and an Associate Membership in Mechanical Engineering from the Institution of Engineers (AMIE).

India has cut its November gold import estimates by an unprecedented $5 billion, the largest revision for any commodity in history, after errors in preliminary calculations inflated the figure to a record,

The commerce department has revised downward the value of gold imports by over $5 billion to $9.8 billion in November, while also lowering the number for April-November from $49 billion estimated last month to $37.