Business Updated

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…

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…

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…

NEW DELHI: India’s chemical industry is well-positioned to capitalise on ongoing disruptions in European chemical operations, according to a recent analysis by B&K Securities, as reported by news agency ANI. The report highlights that high operational costs across the EU27 have eroded production efficiency, opening a window for Indian chemical manufacturers to expand their presence…

US Federal reserve (File photo taken from X handle) Federal Reserve Chair Jerome Powell announced on Friday a planned workforce reduction of approximately 10 per cent over the coming years, according to a staff memo reported by AFP. Though the Federal Reserve operates independently, generating revenue from interest on securities and supervisory fees rather than…

The Indian rupee ended 3 paise weaker at 85.57 against the US dollar on Friday, as strong foreign capital inflows were offset by negative equity market sentiment, rising crude oil prices, and a widening trade deficit.At the interbank foreign exchange, the rupee opened strong at 85.28 and traded in a range of 85.28 to 85.70,…

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…

IndiGo has maintained a leasing agreement with Turkish Airlines, a state-supported carrier, since 2023. (AI image) Air India has approached Indian authorities to stop IndiGo‘s leasing arrangement with Turkish Airlines, raising concerns about business implications and security issues due to Istanbul’s backing of Pakistan, according to a Reuters report.IndiGo has maintained a leasing agreement with…

US President Donald Trump SAN FRANCISCO: A mix of democratic and republican state attorneys on Friday called on Congress to reject a moratorium on regulating artificial intelligence included in US President Donald Trump’s tax bill.Top attorneys representing 40 states signed a letter urging leaders in Congress to reject the AI regulation moratorium language added to…

US credit rating downgrade undermines Donald Trump’s claims regarding economic robustness. (AI image) Moody’s Ratings downgraded the United States government’s credit rating on Friday, pointing to the inability of consecutive administrations to control increasing government debt levels.The credit rating reduction to Aa1 from Aaa compounds the challenges for the US President Donald Trump, coinciding with…