New Delhi, May 28 (IANS) The British government is expected to oppose any attempt by Bharti Enterprises Chairman Sunil Bharti Mittal to increase his stake in telecom group BT, citing concerns around maintaining sovereign control over critical national infrastructure, a report has said.A report published in the Financial Times said — citing people familiar with the matter — that the UK government would resist any move by Bharti to expand its ownership in the British telecom operator beyond curr…

New Delhi, May 28 (IANS) Asian markets traded lower on Thursday as renewed geopolitical tensions following fresh US military action against Iran weighed on investor sentiment, while oil prices rebounded 4 per cent after sharp losses in the previous session.In the equity markets, Japan’s Nikkei 225 declined over 1 per cent to 63,905, while South Korea’s KOSPI declined nearly 5 per cent to 7,841.01.Hong Kong’s Hang Seng index dropped 2.37 per cent or 600 points to 24,727, while China’s Sha…

New Delhi, May 28 (IANS) India’s contract development and manufacturing organisation (CDMO) sector is seeing a rapid realignment of hiring toward AI‑enabled capabilities, with AI‑linked skill demand up 178 per cent over the past two years, a report said on Thursday.The report from HR solutions provider CIEL HR said the overall sectoral hiring rose 52 per cent from 2023 to 2025, while AI‑linked demand climbed from 6.2 per cent to 17.2 per cent in 2025.The technology and digital roles show…

New Delhi, May 28 (IANS) Global oil prices rebounded nearly 4 per cent on Thursday after declining sharply in the previous session, as fresh US military strikes on Iran revived concerns over supply disruptions while uncertainty persisted over the future of the Strait of Hormuz.International benchmark Brent crude rose 3.83 per cent to trade at $97.91 per barrel. Similarly, US benchmark West Texas Intermediate (WTI) traded around 4 per cent higher at nearly $92 per barrel, recovering part of Wedne…

Seoul, May 28 (IANS) South Korea’s central bank kept its benchmark interest rate unchanged on Thursday amid lingering uncertainty in the Middle East, but it raised the possibility of future tightening as inflationary pressures and concerns over currency weakness intensified.In a widely-anticipated decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate steady at 2.5 percent in its rate-setting meeting in Seoul. It is the first monetary policy meeting chaired by BOK Gov. …

Seoul, May 28 (IANS) South Korean stocks were trading more than 1 per cent lower late on Thursday as foreign investors unloaded local shares following a recent tech-led rally and news that the United States launched new strikes against Iran.The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 84.32 points, or 1.02 percent, to 8,144.38 as of 11:20 a.m, reports Yonhap news agency.The index closed at a record high of 8,288.7 on Wednesday, extending its winning streak to the fourth con…

Mumbai, May 28 (IANS) Domestic equity markets will remain closed on Thursday as trading on the exchanges — the National Stock Exchange (NSE) and the BSE — remains suspended on account of Eid al-Adha.Trading across equities, equity derivatives, securities lending and borrowing (SLB), currency derivatives and interest rate derivatives will remain closed for the day on both bourses.The closure follows an earlier holiday on May 1 for Maharashtra Day, with trading set to resume on Friday, May 29.In…

Mumbai, May 27 (IANS) Footwear major Bata India on Wednesday reported a sharp 95.2 per cent decline in consolidated net profit for the fourth quarter of fiscal 2026 (Q4 FY26), as a one-time loss weighed heavily on its bottom line despite higher revenue growth.The company’s net profit stood at Rs 2.2 crore for the quarter ended March 31, 2026, compared with Rs 45.9 crore in the corresponding period of the previous financial year, according to a stock exchange filing. Bata India said the quarter w…

New Delhi, May 27 (IANS) IndiGo is set to reduce its domestic flight capacity by 5-7 per cent between June and August 2026, becoming the second major Indian carrier after Air India to scale back operations amid rising cost pressures and softer post-summer travel demand.The airline has also already reduced its international capacity by nearly 17 per cent as part of temporary schedule adjustments.The move comes shortly after Air India announced a 22 per cent reduction in domestic flight operations…

Mumbai, May 27 (IANS) Shares of Adani Group companies have recovered all losses triggered by the 2023 Hindenburg Research report, with the conglomerate’s combined market value nearing Rs 19 trillion amid improving investor sentiment and easing regulatory concerns.The listed companies of billionaire Gautam Adani-led Adani Group have staged a strong comeback, erasing nearly all losses caused by the controversial 2023 short-seller report by Hindenburg Research.The combined market capitalisation o…