Sunday, October 04

Top Stories

June 16, 2025

US' ageing population must worry about Trump

President Donald Trump’s immigration crackdown threatens to shrink the workforce for one of America’s fastest growing jobs: Home health and personal care aides. Demand for such care is expected to swell as the US population ages, and the industry has increasingly relied on immigrants to fill home health positions. Foreign-born people comprise roughly one in five US workers, yet they account for more than 40% of home health aides and nearly 30% of personal care employment, according to US government data.Trump’s push to strip hundreds of thousands of foreign workers of work authorizations, ramp up deportations and curb immigration has providers and industry experts worried about their ability to hire and retain workers.121884580“The sector has been struggling to retain the workforce

June 16, 2025

NSE IX signs MoU with Cyprus stock exchange to boost cross-border market ties

The NSE International Exchange (NSE IX), based in GIFT City has signed a memorandum of understanding (MoU) with the Cyprus Stock Exchange (CSE).The strategic partnership was formalized during Prime Minister Narendra Modi’s state visit to Cyprus and witnessed by Cyprus President HE Nikos Christodoulides, during a high-level roundtable titled “Advancing a Strategic Economic Partnership” in Limassol.This MoU aims to enhance bilateral capital market collaboration through a range of initiatives, including cross and dual listings of financial instruments, joint development of innovative financial products, fintech engagement, and mutual research and training programs.It also marks a symbolic push to connect the Indian capital markets with their European counterparts through the emerging gl

June 16, 2025

UltraTech Cement must divest 7% stake in India Cements to meet SEBI norms

UltraTech Cement will need to divest approximately 7% of its stake in India Cements—worth over ₹667 crore—to comply with SEBI’s minimum public shareholding norms. The move comes after its shareholding exceeded regulatory limits following an oversubscribed open offer.According to SEBI regulations, publicly listed companies must maintain at least 25% public shareholding. UltraTech’s stake in India Cements crossed the 75% threshold after a fully subscribed open offer for an additional 26%—an uncommon outcome for such offers, as reported by The Times of India.India Cements has until February 3, 2026, to bring its public shareholding back within the regulatory threshold. This can be achieved through a secondary share sale, preferential allotment, rights issue, or bonus issue. If the

1724