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Australia’s unemployment rate unexpectedly rose to 4.5% in April, the highest since November 2021, reflecting a major cooling in the country’s labor market. Data published by the Australian Bureau of Statistics showed the economy lost 18600 jobs over the month, versus consensus forecasts for a modest gain of 15000 positions. The fall was mostly due to a shrinking in female employment, with 10,700 fewer full-time jobs and 7,900 fewer part-time jobs. Meanwhile, unemployment rose 33,000 to 636,000 and the workforce participation rate dipped a hair to 66.7 per cent. The sudden easing of the labor market poses a tricky balancing…

In a major move within the Indian energy sector, Adani Power has finalized definitive agreements to acquire a 24 percent stake in Jaiprakash Power Ventures Limited, alongside other key thermal assets from Jaiprakash Associates Limited. The total consideration for the mega-deal is valued at approximately ₹4,193.59 crore. According to recent regulatory filings, Adani Power executed a formal Share Purchase Agreement to secure the 24 percent shareholding of JPVL currently held by JAL. The financial layout for this specific equity acquisition stands at ₹2,993.60 crore. Beyond the equity stake, Adani Power has also signed a comprehensive Business Transfer Agreement. This separate…

The Advertising Standards Council of India (ASCI) on Tuesday released draft guidelines for the responsible labelling of Artificial Intelligence (AI)-generated content in advertising, amid growing use of AI-powered campaigns by brands across sectors.The proposed guidelines, aligned with the amended Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2026, aim to ensure transparency for consumers while avoiding excessive disclosure requirements that may lead to “label fatigue.”ASCI said the framework follows a risk-based approach, focusing on consumer impact rather than regulating the technology itself. According to the draft, AI-generated advertising would be considered misleading or harmful if it creates false…

Allied Blenders and Distillers Limited (ABD) reported record financial results for FY26, driven by strong premium portfolio growth, luxury expansion and rising global presence. The company posted its highest-ever annual EBITDA of ₹568 crore, up 25.8 per cent from ₹451 crore in FY25, while PAT rose 13 per cent to ₹220 crore. Income from operations increased 11.5 per cent to ₹3,949 crore. In Q4FY26, ABD recorded its seventh consecutive profitable quarter post listing, with revenue rising 9.1 per cent to ₹1,020 crore. Quarterly EBITDA touched an all-time high of ₹182 crore, while EBITDA margin improved to 17.9 per cent. However,…

India-based renal care major NephroPlus is rapidly transforming into a global powerhouse, with international markets now driving the company’s growth and profitability. Currently Asia’s only listed dialysis company—and one of just three globally—the Hyderabad-headquartered network is aggressively expanding its footprint far beyond its home market. Following the announcement of its FY26 financial results, group CEO Rohit Singh stated that the company aims to be recognized as a truly global dialysis network within the next five years. NephroPlus, which is already the world’s fifth-largest dialysis network by scale, operates over 520 clinics across India, the Philippines, Saudi Arabia, Uzbekistan, and Nepal.…

Century Plyboards India Limited (CenturyPly) has consolidated its IT operations using enterprise management solutions from ManageEngine, a division of Zoho Corporation, helping the company reclaim nearly 30 per cent of its IT workload while significantly improving operational efficiency and cybersecurity monitoring. The company said the deployment eliminated more than 50 daily password-related help desk calls and automated the onboarding of 70–100 employees every month. CenturyPly, which operates multiple manufacturing plants and regional offices across India, had been facing operational challenges due to fragmented IT systems and rising workforce expansion. According to the company, engineers earlier spent hours manually creating Active…

Tata AIA Life Insurance has announced its highest-ever bonus payout of ₹2,173 crore for participating (Par) policyholders for the financial year ending March 31, 2026, marking an 18 per cent increase over last year’s ₹1,842 crore payout. The insurer said over 8.74 lakh policies will benefit from the record declaration.The company stated that the bonus has been declared across eligible participating insurance plans, including Smart Value Income Plan, Shubh Flexi Income Plan, ShubhMaha Life, Diamond Savings Plan and Value Income Plan.Commenting on the development, Kshitij Sharma, Appointed Actuary at Tata AIA Life Insurance, said, “We are proud to announce yet…