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…
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…
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…
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,…
