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…

The recently signed Free Trade Agreement (FTA) between India and the United Kingdom is expected to enhance bilateral trade, with projected annual growth of around 15 per cent until calendar year 2030, according to a report by credit rating and research agency CareEdge.India and the UK signed the FTA on May 6, 2025, concluding nearly…

The Securities and Exchange Board of India (Sebi) resolved a total of 4,239 investor complaints through its online grievance redressal platform, SCORES, in the month of April, the market regulator said in a public notice on Friday.During the month, Sebi received 4,341 new complaints. As a result, the total number of unresolved complaints stood at…

Gold prices to see market correction in short term (AI-generated image) Gold prices are expected to fluctuate between $3,050 and $3,250 per ounce in the second quarter of 2025, according to a report by ICICI Bank Global Markets, while suggesting a short-term correction of declining prices.After rising nearly 25 per cent during January to April…

CEO Byju Raveendran in interview with ANI NEW DELHI: In his first extensive pubsince Byju’s came under intense scrutiny, founder and CEO Byju Raveendran has laid out a renewed vision for the embattled ed-tech company- “Byju’s 3.0”– with a sharp focus on returning to its roots: empowering teachers, prioritizing students as he explained on why…

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…

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…

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…