London, May 29 (IANS) The Board of British oil giant BP PLC announced on Tuesday that it has unanimously decided that Albert Manifold should no longer serve as Chair and Director of the company, with immediate effect, following serious concerns raised with it related to important governance standards, oversight, and conduct. However, the London-headquartered company has not disclosed any details regarding the nature of the conduct and governance issues. Manifold had joined BP in October last yea…

New Delhi, May 26 (IANS) Insurance Regulatory and Development Authority of India (IRDAI) has tightened rules on top executive remuneration, linking their bonuses and incentives to measurable customer outcomes, financial health and transparency disclosures. IRDAI said remuneration of Key Management Personnel (KMPs) including chief executives must be aligned with defined performance parameters such as claims settlement speed, grievance redressal and product performance.Cost efficiency, policy rete…

New Delhi, May 26 (IANS) India-based founders are building AI for global customers in close collaboration with partners and investors worldwide, Jay Parikh, Executive Vice President of CoreAI at Microsoft said on Tuesday.India combines developer velocity and scale, rapid enterprise adoption of AI and digital public infrastructure that uniquely position the country to deploy AI at population scale, Parikh said.He mentioned GitHub’s community in India of over 27 million developers, with over 2 m…

New Delhi, May 26 (IANS) India’s cyber security agency CERT-In has warned that the rapid adoption of artificial intelligence is dramatically reshaping the global cybersecurity landscape, with cybercriminals increasingly using advanced AI tools to launch faster, more sophisticated attacks.In its latest cybersecurity blueprint, CERT-In said technologies such as generative AI, large language models (LLMs), autonomous agents and AI-powered automation platforms are now being actively exploited by a…

Mumbai, May 26 (IANS) The National Stock Exchange of India has barred Yes Securities from onboarding new clients for a period of three months after identifying violations related to upfront margin collection and penalty recovery practices.In its disciplinary order, the NSE said the brokerage failed to maintain the required upfront margins in several instances and later transferred the penalties imposed by the clearing corporation to its clients.According to the exchange, such practices violated …

New Delhi, May 26 (IANS) The Khadi and Village Industries Commission (KVIC) has reported record growth in production, sales and employment over the past 12 years, with total sales rising 501 per cent to Rs 1.87 lakh crore in the financial year 2025-26, according to provisional data released on Tuesday.Releasing the data, KVIC Chairman Manoj Kumar said the commission has achieved new milestones across key performance indicators, reflecting strong rural economic expansion.In addition, the sector r…

New Delhi, May 26 (IANS) A joint seminar held in Tokyo brought together Japanese policymakers, industry leaders and Indian officials to discuss long‑term cooperation of both countries on skilled workforce mobility and human resource development, an official statement said on Tuesday.The event was organised by the Embassy of India in Japan, and ASEAN ONE Co. Ltd, Japan, which drew 250 representatives from leading Japanese companies, academic institutions and workforce mobility stakeholders to e…

New Delhi, May 26 (IANS) Indian benchmark indices ended sharply lower on Tuesday as escalating geopolitical tensions in the Middle East weighed heavily on investor sentiment after fresh US strikes in southern Iran reduced hopes of a possible peace deal.The Nifty settled at 23,913.7, down 118 points or 0.49 per cent, while the Sensex closed at 76,009.7, declining 479.26 points or 0.63 per cent.Commenting on Nifty technical outlook, experts said that 24,000 now becomes the immediate resistance lev…

Mumbai, May 26 (IANS) Black Box Limited (BSE: 500463 | NSE: BBOX), Essar’s technology arm and a leading provider of digital infrastructure solutions, on Tuesday announced its audited financial results for the quarter and year ended March 31, 2026.The Company delivered steady progress across key financial and operational metrics during FY26, supported by improving profitability, stronger cash flows, and continued momentum in strategic deal wins. A healthier opportunity pipeline, improving busin…

New Delhi, May 26 (IANS) Indian equity markets saw sharp foreign selling getting offset by robust domestic buying in Q1 CY26, leaving domestic institutional investors as the key stabilising force, a report said on Tuesday.The report from Ventura said FIIs were aggressive net sellers in Jan–Mar 2026, recording the highest quarterly outflow of the fiscal year at Rs 1,31,122 crore, while domestic institutional investors (DIIs) provided the strongest quarterly support with net inflows of Rs 2,44,0…