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flag Apple discusses becoming a supplier for iPhone components in India, causing shares of Bharat Forge to drop.

flag Apple is in talks with Bharat Forge, part of the Kalyani Group, to become an iPhone component supplier in India. flag This move follows Apple's efforts to diversify manufacturing away from China. flag Shares of Bharat Forge and Kalyani Forge fell after the news, dropping 2.65% and 3.05% respectively. flag Apple has been increasing its local value addition in India, working with other Indian entities like Tata Group and Motherson Group.

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