Business

US President Donald Trump has frowned upon Apple’s expansion plans in India. (AI image) Foxconn, Apple’s Taiwanese manufacturing partner, is set to start iPhone shipments from its Karnataka facility in June, with final inspections currently underway for commercial dispatch.This new facility will become Foxconn’s second-largest iPhone manufacturing centre, after its Chinese operation.Sources familiar with the…

IPO-bound eCommerce enablement platformShiprocket has unveiled India’s first AI-integrated Model Context Protocol (MCP) server, a move the company described as a major leap towards autonomous digital commerce.In a statement released on Friday, Shiprocket said the new MCP server empowers AI agents to autonomously perform core operations — including checking shipping rates, processing orders, and tracking…

Jyotiraditya Scindia (Photo- ANI) Union Minister of Communications Jyotiraditya Scindia on Saturday said that India is poised to play a leading role in formulating global regulations for 6G technology, as the country continues to accelerate its presence in the global telecommunications landscape under the leadership of Prime Minister Narendra Modi.“A telecommunication revolution is rapidly unfolding…

RITES Ltd, a Navratna public sector undertaking and a leading transport and engineering consultancy company, is banking on increased export orders and diversification of its Quality Assurance (QA) business to drive revenue growth in the coming years, according to its Chairman and Managing Director, Rahul Mithal.In a statement to PTI, Mithal said, “Proactive efforts to…

Dr Reddy’s Laboratories announced on Saturday that the United States Food and Drug Administration (USFDA) has issued a Form 483 with two observations following an inspection of its API (Active Pharmaceutical Ingredients) manufacturing facility in Middleburgh, New York.In a regulatory filing, the Hyderabad-based pharmaceutical company stated that the GMP (Good Manufacturing Practice) inspection was carried…

Days after the resignation of Gensol Engineering‘s promoters, Chief Financial Officer (CFO) Jabirmahendi Mohammedraza Aga has stepped down from his position with immediate effect, adding to the turmoil at the crisis-hit company.In his resignation letter, disclosed through stock exchange filings, Aga pointed to the severe challenges currently facing the company. He noted that multiple regulatory…

MUMBAI: Within 24 hours of Celebi’s exit from the ground handling scene, the Mumbai airport operator appointed an interim service provider to ensure that airlines and passengers are not affected.Celebi’s ground handling equipment will be leased by this company, and its employees will be transferred to this interim service provider to ensure continuity of service,…

India’s wheat procurement has surpassed the previous year’s level, reaching 28.66 million tonnes so far in the 2025–26 marketing year, according to official data released on Thursday. This marked the highest procurement since the 2022–23 marketing year, buoyed by expectations of a record wheat output of 115.3 million tonnes this season.In comparison, total wheat procurement…

Indian government has imposed a comprehensive ban on Pakistan goods. (AI image) Crackdown against Pakistan goods: India is keeping a hawk’s eye and conducting thorough inspections of imports from the UAE, Iran and other Gulf nations, along with specific transshipment hubs to prevent indirect entry of Pakistani goods into the country through these channels.Following the…

The Confederation of All India Traders (CAIT) on Friday declared a nationwide boycott of all trade and commercial relations with Turkey and Azerbaijan, citing their recent expressions of support for Pakistan following India’s Operation Sindoor.As part of the move, CAIT stated that traders across the country will cease imports from the two countries and that…