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social care providers will have to prioritise hiring foreign care workers already in the country before recruiting from overseas, the government said on Wednesday, as it cracks down on worker abuse in a sector heavily reliant on immigration. The move follows the introduction in November of stronger sanctions for rogue employers who recruit foreign workers but failed to provide them with work, leaving some unemployed and close to destitution. ALSO READ:What is UK’s Skilled Worker visa?

TechnipFMC plc to accelerate the delivery of integrated subsea infrastructure for future deepwater projects in India. «The collaboration will leverage TechnipFMC's integrated engineering, procurement, construction, and installation execution model, driving efficiency and innovation in execution,» the company said in a statement. This alliance will help Cairn advance its deepwater exploration ambitions, tapping into TechnipFMC's extensive expertise and cutting-edge technologies. «The agreement also incorporates the use of integrated front-end engineering and design, where early engagement optimizes project performance utilizing TechnipFMC's subsea production systems (SPS) and subsea umbilicals, risers, and flowlines (SURF) work scopes,» it said.

With Mexico and Canada as two of America's biggest suppliers of food items and beverages, the tariffs will soon drive prices up and may cause supply chain disruptions while demand stays high, New York Post reported.

trade balance and revive domestic manufacturing. This provides trading partners with a sense of Trump's threshold for domestic economic pain. Internally, too, business and consumer reaction to inflation are setting limits on Trump's agenda. Within the administration, there is resistance to Elon Musk's shock'n'awe-meets-slash 'n'burn spending cuts that have made Trump see reason on how far such 'economisation' can be pushed.

BRISKPE on Wednesday said it has received the RBI's in-principle authorisation to operate as a payment aggregator for cross-border (PA-CB) transactions. The authorisation enables BRISKPE to operate as a dedicated PA-CB for both exports and imports under the Payment and Settlement Systems Act, 2007, BRISKPE CEO Sanjay Tripathy, said. As one of the first platforms to solely focus exclusively on cross-border payments, BRISKPE aligns with the RBI's updated regulatory framework introduced in October 2023, the company said. «With this approval, BRISKPE is equipped to provide seamless solutions for businesses struggling with inefficient international payment systems,» it added.

Ashwini Vaishnaw welcomed Elon Musk's Starlink on Wednesday, highlighting its potential to benefit railway projects in remote areas. «Starlink, welcome to India! Will be useful for remote area railway projects,» said Vaishnaw in a statement on X. Billionaire Mukesh Ambani's Jio Platforms has struck a deal with SpaceX, the aerospace company led by Musk, to bring Starlink's broadband internet services to India, a surprise move that follows months of bickering over how Musk's venture should be granted spectrum rights. The deal with Musk — considered the right-hand-man of US President Donald Trump — came a day after telecom tycoon Sunil Bharti Mittal's Bharti Airtel signed a similar partnership deal with SpaceX.

Ven Geshe Dorji Damdul, Director of Tibet House said on the opening of the BODHIPATH Film Festival that visual art had always been a channel for education and information to the masses. Speaking at the inauguration of a two-day festival, organised by the International Buddhist confederation, the Venerable, a Special Guest, explained that cinema was an extremely powerful tool to influence the public. “However, cinema also depicts the level of thinking of the public. Films will be made in accordance with the current thinking in society”, he added. Ven Geshe Damdul mentioned that during the Buddha’s times, paintings were commissioned by Sakyamuni that showed his teachings and educated the public.

A flagship event for the investment industry for three decades, the Investment Week Fund Manager of the Year Awards honour fund managers who have demonstrated consistently strong performance for investors.  We will announce the winners at a special 30th Anniversary celebration of the awards on 19 June at the Marriott Grosvenor House Hotel in London.  Our fund awards shortlists are constructed using data provided by our partner, Morningstar (see methodology below). These categories are not open for entry and qualifying funds will be contacted by our team to fill out a supporting questi...

Indian space economy is aiming to reach USD 44 billion by 2033 from USD 8.4 billion in 2022, said a FICCI-EY report on 'Unlocking India's Space Economy — Pathways to Growth, Innovation and Global Leadership', released today at Bharat Space Conclave 2025', organized by FICCI. According to the report, the global space economy is projected to exceed USD 1.8 trillion by 2035, with commercial satellite services, deep-space exploration, and space-based infrastructure driving expansion. The report further states that India has set an ambitious target to grow its space economy from USD 8.4 billion in 2022 to USD 44 billion by 2033, aiming to capture 8 per cent of the global market. This growth is being fuelled by policy reforms, private sector participation, and increased international collaboration, supported by the Indian Space Policy 2023 and institutions such as IN-SPACe and NSIL. FICCI-EY report notes that a significant shift is underway, with India's space sector evolving from a government-led model to a commercially driven, innovation-led ecosystem. Satellite communication (SATCOM), projected to reach USD 14.8 billion by 2033, will play a critical role in expanding digital connectivity, particularly in rural and underserved regions.

Subscribe to enjoy similar stories. Shares of India’s largest information technology (IT) service providers tanked Wednesday after at least three brokerages raised concerns about the industry’s growth recovery in FY26.

housing loans outstanding stood at Rs 33.53 lakh crore at the end of September, a growth of 14 per cent year-on-year, with the MIG segment accounting for the maximum credit, according to National Housing Bank (NHB). NHB, a statutory body under the Government of India, has released the Report on Trends and Progress of Housing in India. «As on September 30, 2024, EWS and LIG accounted for 39 per cent, MIG accounted for 44 per cent and HIG accounted for 17 per cent of outstanding individual housing loans,» the report said. It further said individual housing loan disbursements during the half year ended September 2024 were Rs 4.10 lakh crore while disbursements during the year ended March 2024 were Rs 9.07 lakh crore. The report broadly covers the housing scenario and house price movements, flagship programmes of GoI in the housing sector, role of Primary Lending Institutions (PLIs) in providing housing credit, performance of Housing Finance Companies (HFCs) and outlook for the sector. «Major initiatives of GoI, such as PMAY-G, PMAY-U, impact assessment of PMAY-U, Urban Infrastructure Development Fund (UIDF), Affordable Rental Housing Complexes (ARHC) scheme, etc. have been covered in the report,» it said.

Krishna Byre Gowda on Wednesday. Under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007, by the central government, any will or gift deed made in favor of neglectful children can be legally revoked, he said while speaking in the Legislative Council. «In recent times, we have seen a growing number of cases where elderly parents are left without care,» Gowda said while responding to a question from Balkees Banu, a member of the council. " If children or relatives neglect their elderly parents, the seniors have the legal right to revoke any will or gift deed made in their name,” he added. The Central Government enacted the law in 2007, but awareness remains low, the minister noted. The legislation mandates that children or relatives must provide financial and medical support to senior citizens. If they fail to do so, elderly parents can file a complaint under Section 9, after which authorities can take action. “If a complaint is proven, and children or relatives who have inherited property fail to take care of their parents, Section 23 allows for the cancellation of any will or gift deed made in their favor, restoring ownership to the parents,’ Gowda informed. The responsibility for handling these cases lies with the sub-divisional officers. The revenue minister stressed that thousands of such cases are already being heard by the officers

The retail portion of the issue was subscribed by 1.88 times, while the issue was subscribed by 14% in the non-institutional investors category on the final day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.

The retail portion of the issue was subscribed by 84%, while the issue was subscribed by 6% in the non-institutional investors category on the second day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.

Hinduja Group, which promotes IndusInd Bank, may be compelled to pledge up to 80% of its holdings in the bank if the stock price drops below Rs 600 per share, according to an analysis by Macquarie Capital. Analysts warn that the risk of pledging could extend to other Hinduja-led entities as the group works to repay debt and reduce collateral. IndusInd International Holdings (IIHL), led by the Hinduja Group and owning a 15% stake in the bank, has already pledged about 50% of its shares to Barclays Bank PLC and Deutsche Bank AG in exchange for a loan.

NYT Strands puzzle answers for March 12, 2025, are now available, and today's theme is «Bearing Gifts.» As part of The New York Times' latest word puzzle series, Strands continues to challenge players with engaging and thought-provoking themes. Below, we dive into the puzzle’s details, including the theme, Spangram, and hidden words that make up today’s challenge.

Subscribe to enjoy similar stories. The market regulator’s recent guidelines outlining tougher disclosure requirements for related-party transactions has sparked significant apprehension about increased compliance burdens and potential operational delays. The directive, issued on 14 February, aims to enhance transparency and fairness in the related-party transaction approval processes, mandating stringent disclosure and certification requirements.

The recovery of Russian oil flow to the world's third-largest oil importer and consumer is easing a supply crunch and cooling prices for rival Middle East grades. Russian oil supplies to India and China fell sharply earlier this year following U.S. sanctions on January 10 that targeted producers, insurers, ships and middlemen to curtail Moscow's oil revenue. In March, India's imports of Russian oil, mainly Urals crude, are back at 1.54 million barrels per day (bpd), after falling to 1.1 million to 1.2 million bpd in the previous three months due to concerns about sanctions, data from analytics firm Kpler showed.

Aster DM Healthcare on Wednesday said its promoters have reduced their share pledge from 99 per cent to 41 per cent after completing a debt refinancing transaction from top-tier global financial institutions. As part of the refinancing process, the new lenders — JP Morgan, HSBC, and Barclays — provided fresh funding, enabling Aster DM Healthcare promoters to refinance its existing loans at better terms as well as loan-to-value, the company said in a statement. «The reduction in Aster's pledged shares is a significant testament to our financial strength as promoters, especially in light of the volatile global market conditions,» Aster DM Healthcare Founder and Chairman Azad Moopen said.

Subscribe to enjoy similar stories. The Indian equities market has captured the limelight for its stellar performance in recent years. However, valuations reaching historically high levels made many investors question the sustainability of such growth.

Air India has expanded its Premium Economy Class offering, by doubling of premium seat sales over the past three years. Now, the airline has introduced Premium Economy fares starting at just Rs 599 more than Standard Economy fares on domestic flights for a limited time, offering an affordable upgrade with pricing that varies by route and demand.