Business

[ad_1] 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 deliveries — using a single line of instruction.The company emphasized that the technology is designed specifically for direct-to-consumer (D2C) brands and micro, small, and medium enterprises (MSMEs), offering faster execution, seamless integration, and hands-free operation, all backed by enterprise-grade security, PTI reported.“Our MCP Server launch marks a transformative shift from manual workflows to autonomous operations powered by AI. This is how we enable millions of businesses to work smarter, respond faster, and scale effortlessly,” said Saahil Goel, Managing Director and CEO of Shiprocket.He further […]

[ad_1] 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 across the globe, and India is at the forefront of this movement,” Scindia said while addressing an event on World Telecommunication and Information Society Day as reported PTI.Highlighting the country’s rapid strides in digital infrastructure, Scindia noted, “The rollout of 5G technology has taken place, and in just 22 months, the information revolution has reached 82 per cent of the population across 99 percent of districts in the country. India will take the lead in shaping the upcoming 6G technology regulations.”The minister also emphasized […]

[ad_1] 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 secure export orders for rolling stock and diversify the client base have helped improve our revenue outlook for the coming years.”The remarks come in the backdrop of the company reporting a 4.3 per cent year-on-year decline in consolidated operating revenue for the March quarter of FY25 to Rs 615 crore, compared to Rs 643 crore in the same quarter last year. Despite the drop in revenue, net profit rose by 3.4 per cent year-on-year to Rs 141 crore during the quarter.Mithal attributed the decline […]

[ad_1] 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 out between May 12 and May 16, 2025, news agency PTI reported.“At the conclusion of the inspection, we received a Form 483 with two observations, which we will address within the stipulated timeline,” the company said.According to the USFDA, a Form 483 is issued when inspectors identify conditions that may potentially violate the Food, Drug, and Cosmetic (FD&C) Act or related regulations. The observations are shared with a firm's management to prompt corrective action.On May 16, Dr Reddy's Laboratories Ltd closed at Rs 1,228.50, […]

[ad_1] 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 bodies are conducting investigations, and the departure of top leadership has left the organization in disarray.Furthermore, he highlighted how the absence of structured internal systems is compounding the company’s woes: "The disorganization of critical data across various departments is hindering the company's ability to effectively respond to the ongoing inquiries due to lack of a cohesive support system," Aga wrote as reported news agency PTI.Explaining his decision, he added "The immense pressure resulting from these circumstances is adversely affecting my physical and mental well-being, […]

[ad_1] 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, said Mumbai International Airport Ltd (MIAL) on Friday.A day earlier, on Thursday, the Bureau of Civil Aviation Security (BCAS), citing national security concerns, revoked the security clearance granted to Celebi Airport Services, a ground handling company headquartered in Turkey. The action came following Turkey’s support of Pakistan in the recent hostilities. The order, enforced with immediate effect, meant airlines that had given ground handling contracts to Celebi would be hit with flight delays.Ground handling companies carry out security-sensitive jobs such as loading and unloading […]

[ad_1] 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 Indian exporters, importers, and business delegations will be discouraged from engaging with any companies or institutions based in Turkey or Azerbaijan, as reported PTI.The decision was taken during a National Conference of Trade Leaders convened by CAIT in New Delhi, with participation from trade representatives across 24 states.Turkey Gets Bashed From Western Military Bigwig Over Pak Stunt, Backs IndiaIn addition, CAIT announced that the Indian business community will boycott Indian films shot in Turkey and Azerbaijan and warned corporate entities against conducting product promotions […]

[ad_1] 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, before settling at 85.57, down from its previous close of 85.54 on Thursday, when it had declined by 22 paise, PTI reported.Forex traders said despite strength in Asian and European currencies, the rupee remained under pressure."The rupee struggled to break past the 85.00 level and faced selling pressure near 85.30. It continued to trade within a narrow band of 85.25 to 85.75, which is likely to remain the range early next week," said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex […]

[ad_1] 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 April 22 terrorist incident in Pahalgam that resulted in 26 killings, India enacted a complete ban on Pakistan goods, including those entering via third nations. Pakistan has also ceased all trade relations with India.Officials have intensified verification of import labels and origin criteria for products from these nations. This follows India's previous concerns raised with the UAE regarding Pakistani dates being channelled into the country, which violated the India-UAE Comprehensive Economic Partnership Agreement.Trade (Re)routesAn official told ET that imports via transshipment centres like the […]

[ad_1] 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 the budget reconciliation bill."The impact of such a broad moratorium would be sweeping and wholly destructive of reasonable state efforts to prevent known harms associated with AI," the letter states."This bill will affect hundreds of existing and pending state laws passed and considered by both republican and democratic state legislatures."The amendment added by the house energy and commerce committee to the budget reconciliation bill imposes a 10-year prohibition on states from enforcing any state regulation addressing AI or "automated decision-making systems," according to the […]