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UK in the year to June as employers scrambled to recruit from overseas amid ongoing labor shortages, according to official figures. The Home Office data showed how reliant the UK remains on foreign workers 2 1/2 years after the post-Brexit immigration regime came into force. The number of work visas issued was 45% more than a year earlier. Over a third of the total, 121,290, were “health and care” visas – a 157% increase in the previous year – as the UK struggled to meet the staffing needs of the National Health Service and care providers. Indian and Nigerian nationals accounted for the largest share. With employers unable to fill over a million jobs, the government has responded by expanding the shortage occupation list, its visa rule exemption system, to make it easier to bring workers into the country. However, soaring migration numbers have become a political headache for Prime Minister Rishi Sunak given the promises the Conservative government made to control Britain’s borders after the 2016 referendum that put Britain on a path out of the European Union.

equities in the last 5 months somewhat fizzled out after inflation concerns resurfaced this month with the Reserve Bank of India’s hawkish view and firming up of oil prices. However, this time around neither is inflation going to be a major cause of concern nor will it lead to sharp rate increases, according to Gautam Sinha Roy, executive vice president and fund manager — equity at ICICI Prudential Life Insurance Co. “While the hike in this rate cycle has been steep, we believe we are somewhere close to the peak of the cycle…So, from the markets point of view, fear of further sharp rate hikes leading to dampening of risk appetite is unlikely,” Roy said in an interview with ETMarkets. Edited excerpts:Inflation and rate hike concerns are making a comeback both on the domestic andglobal fronts. Is this likely to dampen the Indian market momentum in the near term? We believe inflation is not going to be a major cause of concern in the medium term.

Siddhartha Khemka, Head of Retail Research, MOFSL, says among food aggregators, we definitely like Zomato. We have a target price of Rs 110. We believe the excellent Q1 numbers where the company has turned profitable at PAT level, which is much ahead of its Q4, FY24 guidance. We believe that the company could see strong growth where the management is confident of achieving 40% plus organic growth. Even Blinkit is seeing improvement.”How realistic are the gains in some of the companies which have got business or presence in this entire space/rocket vertical? Stocks have gone up 50 to 100% even though the upside could be minuscule. Is it time to log out of BHEL or Paras Defence or Centrum Electronics? Just about every company in that space has got re-rated because of the Chandrayaan mission.The defence space has been in momentum not only because of the Chandrayaan effect but in the past several months also we have seen the large order book that has flown to some of these Indian companies.

Chakri Lokapriya, CIO & MD, TCG AMC, says “metals as a basket has underperformed. Valuations are attractive but the business momentum is just not there because of global uncertainty. Jindal Steel and Power valuation is still probably about five times EV/EBITDA. While we would stay away from the sector, may go for a couple of companies like Jindal Steel and Power and maybe Hindalco.”As we are now gearing up for the festive season, it definitely is going to be very critical for a lot of these consumer durable companies across the board. What is it that you are anticipating from this festive season and the kind of cheer it could bring for FMCG companies?FMCG companies, probably in terms of consumer staple, not much other than the traditional bounce.

₹5,797 crore during the session.India is likely to skip selling sovereign green bonds this fiscal year as investors demand higher yields despite their eco-friendly label, said a senior government official.The earlier plans to issue ₹15,000-16,000 crore in green bonds during the second half of FY24 have been put on hold.“Green bonds haven’t provided any benefits yet. What is the point of issuing green bonds with so many conditions if it costs the same as other bonds," the person said.

Also read: Chandrayaan-3 LIVE Updates: Karnataka govt to felicitate ISRO chief, 500 scientists involved in Moon mission For the Professional Programme Examination, the Result-cum-Marks Statement will be dispatched to candidates at the addresses registered with the Institute shortly after the results are announced. In the event that any candidate does not receive the physical copy of the Result-cum-Marks Statement within 30 days of result declaration, they are advised to contact the Institute with their relevant details.

economic growth likely accelerated to 7.7% in the April-June quarter, the fastest annual pace in a year, on robust service sector growth, strong demand and increased government capital expenditure, a Reuters poll found. All but two of 51 economists surveyed between Aug. 18 and Aug.

mortgage lender, which went public via a blank-check company merger just as mortgage rates have hit two-decade highs. Backed by SoftBank, Better completed its combination with special purpose acquisition company (SPAC) Aurora Acquisition Corp, capping a rocky deal that was first announced in 2021 but delayed amid regulatory scrutiny and layoffs at Better. The company hit the headlines in December 2021 after it laid off 900 employees via Zoom, and has since seen its profits dented as high mortgage rates have dampened demand for home loans. Aurora went public in March 2021. Shares in Better Home & Finance Holding Co, the newly merged entity, finished the session down 93.4% at $1.15. SPACs are shell companies that raise funds through a public listing with the goal of acquiring a private company and taking it public.

India's Permanent Mission to the UN on Friday celebrated the success of the Chandrayaan-3 mission. «Marking the triumph of the #Chandrayaan3Mission we gathered with our colleagues from the Permanent Missions in New York. We extend our gratitude for your presence and unwavering support on this occasion,» the Indian Permanent Mission to UN wrote on 'X' formerly Twitter on Friday. Meanwhile, Permanent representative to UN Ruchira Kamboj has said Chandrayaan-3's successful landing on the Moon is a historic moment for humanity as «we venture into uncharted territory near the moon's South Pole». «India's Chandrayaan-3 mission successfully landed its Vikram lander module near the South Pole of the Moon.

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Aussie Broadband managing director Philip Britt has forecast further consolidation and says the telecommunications group is going after Telstra’s customers as annual net profits quadrupled to $21.7 million.

Strategy consulting firm McKinsey has admitted to 15 workplace misconduct complaints in the past five years at its Australian offices, including one of sexual harassment, and says it has settled a discrimination claim from a fired employee.

The major freight railroads say a disagreement over whether they will be allowed to discipline some workers who use a government hotline to report safety concerns has kept them from following through on the promise they made back in March to join the p...

Nordstrom says its sales and profits fell in its fiscal second quarter, joining its department store peers coping with shoppers' cautious spending

Opposition Leader Peter Dutton has put the Albanese government’s move to block more Qatar Airways flights to Australia on the political agenda, saying it had provided “no coherent reason” for the decision.

Also read: Chandrayaan-3 lands on Moon: How world media reacted to India's historic feat The NCS posted the following information on X (formerly Twitter): "Earthquake of Magnitude: 3.6, Date: 25-08-2023, Time: 04:43:11 IST, Latitude: 18.04, Longitude: 80.80, Depth: 30 Km, Location: 127 km East of Warangal, Telangana." Also read: Chandrayaan-3 Moon Landing Successful | LIVE Updates: ISRO shares latest image just prior to touchdown The earthquake was registered by the NCS at 4:43 am local time. Additional details about the event are currently pending and will be provided as they become available.

Assassin's Creed Mirage' was showcased at Gamescom in Cologne. The game, developed by Ubisoft Bordeaux, offers a glimpse into medieval Baghdad. The presentation took place during the influential German video game convention and is scheduled to release on October 5, 2023, for PC, PlayStation and Xbox platforms. The trailer, named «The Round City of Baghdad,» provides a cinematic view of 9th-century Baghdad during its Golden Age. It also delves into the history of the main character, Basim, and the core concept of the Assassin's Creed. Basim voices, «My sword spares the innocent, but not the order of the ancients.» The trailer offers glimpses of stealth and acrobatic gameplay atop the buildings of the Middle Eastern city. Ubisoft Bordeaux's art director, Jean-Luc Sala, discussed the meticulous process of city reconstruction. Drawing on writings from contemporary scholars and collaborating with historians both within and outside Ubisoft, the team aimed to capture Baghdad's authentic essence while incorporating a park-oriented style of play. Sala shed light on Basim's development, a character familiar to fans from the previous installment, Assassin's Creed Valhalla. In 'Mirage,' Basim is depicted as an apprentice still grasping the Creed and the Assassin's way. Sala described him as somewhat naive and grappling with identity, finding purpose through the Creed. Regarding the educational Discovery Tour mode seen in recent series releases, Sala revealed its absence in 'Mirage.' Instead, players will encounter collectibles dispersed throughout the game map in the form of codex pages. To gather all the codex pages, players must explore the in-game world extensively.

Woodside Energy has taken steps to streamline its enlarged portfolio after its merger last year with BHP Petroleum, tapping Morgan Stanley to sell its interests in the mature Macedon and Pyrenees oil and gas ventures off Western Australia.

Pontera is continuing its growth with yet another partnership with a large wealth management firm.

Reliance Infrastructure and Reliance Power, are between them raising ₹1,043 crore from Reliance Commercial Finance, a wholly owned subsidiary of Authum Investment & Infrastructure, by allotting preferential shares. Last October, Reliance Commercial Finance, an erstwhile Anil Ambani company, was acquired by Authum in an out-of-court debt resolution process. Reliance Commercial has proposed to invest ₹891 crore in Reliance Infrastructure and ₹152 crore in Reliance Power, according to stock exchange disclosures. After this transaction, Reliance Commercial will hold 11% equity in Reliance Infrastructure and 2% in Reliance Power. Reliance Commercial Finance is a subsidiary of Reliance Home Finance, which in turn is a subsidiary of Reliance Capital, an Anil Ambani company that is undergoing corporate insolvency. Prior to 2020, Reliance Infrastructure and Reliance Power had provided a guarantee on the loans availed of by Reliance Commercial Finance and Reliance Home Finance. Authum, as the new owner of Reliance Commercial, invoked these guarantees.

Reliance Industries announced on Thursday that it has entered into an understanding with The Oberoi Hotels and Resorts (Oberoi Group) to jointly manage three properties across India and the UK. The company said these properties include the upcoming Anant Vilas Hotel in Mumbai’s Bandra Kurla Complex (BKC), the Stoke Park in the UK, and another planned, unnamed hotel project in Gujarat. The company said Anant Vilas Hotel in Mumbai has been conceived as the first metro-centric property as part of the luxury ‘Vilas’ portfolio run by The Oberoi Group. Anant Vilas is located in the business district of Bandra Kurla Complex in Mumbai which is becoming a mixed use destination with business, hospitality, shopping, F&B, arts and culture, educational and residential uses. Stoke Park Limited, a subsidiary of Reliance Industries, owns sports and leisure facilities in Stoke Poges, Buckinghamshire.