India-UK FTA talks to resume early next year: Ministry of Commerce and Industry
Nov 20, 2024, at 09:38 pm
The Indian Ministry of Commerce and Industry on Wednesday said discussions over relaunching the Free Trade Agreement between India and the UK will commence in early 2025.
India's Oberoi Group to debut in UK with luxury hotel in London’s Mayfair
Nov 08, 2024, at 04:14 am
New Delhi: Grosvenor and EIH London Investments Ltd on Wednesday said that London's prestigious Mayfair neighbourhood will have the first Oberoi Hotel by the Indian luxury hospitality group in the UK, media reports said.
UK-based fintech Revolut set to enter India by 2025: Report
Sep 17, 2024, at 10:58 pm
Mumbai: UK-based Revolut, one of Europe's leading fintech companies, is preparing to launch its services in India by 2025, targeting tens of millions of affluent consumers, according to a report by The Financial Times.
1,500 Tata Steel workers in UK to go on indefinite strike from July
Jun 22, 2024, at 03:02 am
London: Around 1,500 Tata Steel workers in Britain will commence an indefinite strike on July 8 in response to the company's decision to shut down two blast furnaces and eliminate up to 2,800 jobs, Reuters reported citing the trade union Unite.
The Body Shop collapses into administration in UK, puts over 2000 jobs at risk
Feb 14, 2024, at 04:03 pm
Cosmetic chain The Body Shop has collapsed into administration in the UK, leaving more than 2,200 jobs at risk.
TCS announces 15-yr extension of partnership with insurance provider Aviva
Jan 31, 2024, at 04:23 am
London: Tata Consultancy Services (TCS) on Tuesday announced an expansion of its collaboration with Aviva, a top insurance, wealth, and retirement provider in the UK.
UK's antitrust watchdog probes Vodafone-Hutchison merger
Jan 27, 2024, at 07:33 am
London: The antitrust watchdog in Britain has started an investigation into the $19 billion merger between Vodafone's UK operation and CK Hutchison's Three UK, examining whether the deal could negatively impact competition, media reports said.
UK set to bring biggest ever delegation to Bengal Global Business Summit 2023
Nov 19, 2023, at 06:31 am
New Delhi/Kolkata: British High Commissioner to India Alex Ellis will visit Kolkata along with the biggest-ever UK delegation to the Bengal Global Business Summit (BGBS) 2023, a press release said.
India mulling 39% cut in tariff on EV imports to finalise FTA with UK: Report
Nov 09, 2023, at 05:14 am
New Delhi: India is considering a proposal to decrease import taxes on certain electric vehicles from the UK in order to finalise a free-trade agreement between the two nations by the end of this year, Bloomberg reported, citing sources.
Port Talbot: Tata Steel, U.K. Government ink deal to invest USD 1.54 billion
Sep 16, 2023, at 08:28 pm
India's Tata Steel and the UK government have announced a joint agreement on a proposal to invest in Electric Arc Furnace steelmaking at the Port Talbot site with a capital cost of £1.25 billion (USD 1.54 billion) inclusive of a grant from the UK Government of up to £500 million ($621 million), subject to relevant regulatory approvals.
Tata Steel to get 500 million pounds from UK govt to decarbonize Port Talbot project
Sep 16, 2023, at 02:31 am
London: Tata Steel, on Friday, announced that after extensive negotiations aimed at preserving Tata Steel's Port Talbot venture in Wales, the UK government has consented to provide a grant of 500 million pounds to assist in decarbonization, media reports said.
Indian firms could soon list in London, UK Chancellor Jeremy Hunt announces in Delhi
Sep 12, 2023, at 06:36 am
Indian firms could soon list in London, it has been announced as part of a package of plans unveiled Monday by UK Chancellor Jeremy Hunt alongside Indian Finance Minister Nirmala Sitharaman, as they met in Delhi for face-to-face talks.
Tata Group to set up a battery gigafactory in the UK
Jul 20, 2023, at 04:45 am
Gaydon (UK): Tata Sons today announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually.
Commerce Minister Piyush Goyal to visit UK to further FTA negotiations
Jul 09, 2023, at 09:56 pm
New Delhi: Union Commerce and Industry Minister Piyush Goyal will visit the UK from 10th to11th July to focus on the ongoing India-UK Free Trade Agreement (FTA) negotiations and meet the ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA.
Biswa Bangla to launch its first export venture in UK, collaborates with Heritage Bengal Global
Apr 22, 2023, at 03:56 am
Biswa Bangla, the flagship brand of Bengal under the aegis of the MSME &T (Micro, Small, and Medium Enterprises & Textiles) department of the West Bengal government has joined hands with Heritage Bengal Global (HBG), a non-profit organization run by the Bengali diaspora in the UK, to launch its first export venture nearly a decade after it was first launched.
TVS SCS bags contract from the UK Ministry of Defence for Land Rover spares
Apr 06, 2023, at 09:53 pm
Chennai: TVS Supply Chain Solutions today said that it has won a contract for the supply of spares, consumables and accessories for the Land Rover Wolf Platform from the UK Ministry of Defence (MOD), acting through its Agent, Babcock Land Defence Ltd.
Essar' Vertex Hydrogen project chosen by the UK govt
Mar 31, 2023, at 01:18 am
Mumbai/London: Essar Energy Transition’s (EET) Vertex Hydrogen project has been chosen as part of one of the two hydrogen plants that will bolster the UK’s hydrogen economy.
Essar launches EET to invest US$3.6 billion in energy transition in UK and India
Feb 27, 2023, at 07:40 pm
London/IBNS: Essar Group, invested in Energy, Metals and Mining, Infrastructure and Technology sectors, on Monday announced the formation of Essar Energy Transition (“EET”) to drive the creation of the UK’s leading energy transition hub in North West England.
India-UK FTA to boost jobs, investments and exports between the two countries
Dec 14, 2022, at 11:40 pm
New Delhi: The Minister for Commerce and Industry of India, Piyush Goyal, and UK Secretary of State for International Trade, Kemi Badenoch, MP, met on Tuesday in New Delhi to discuss India-UK FTA negotiations.
Amid 40-yr-high inflation, UK's new PM Rishi Sunak vows to confront 'profound economic crisis'
Oct 26, 2022, at 04:47 am
Rishi Sunak, the former chancellor of the UK's treasury has become the country's Prime Minister after Liz Truss quit the role in just 45 days as 40-year-high inflation gripped the nation, dealing a blow to the households that have been already cutting down daily expenses, and now several even plan to stay away from Christmas shopping.
India-UK trade deal likely to be stuck over skilled worker access issue: Report
Oct 13, 2022, at 07:31 am
The India-UK trade deal is unlikely to meet the October deadline over the issue of access to thousands of Indian skilled workers, media reports said.
European countries reviving coal-fired power units amid shortage of gas supply
Aug 20, 2022, at 06:00 am
Ahead of the winter season, many European nations are prepping up their coal-fired power plants as a last resort to cover the gap in case other sources cannot produce enough electricity, especially due to lower gas flows from Russia as a result of disputes triggered by its invasion of Ukraine, media reports said.
India and UK conclude fifth round of talks for FTA
Aug 12, 2022, at 05:50 am
India and the United Kingdom (UK) concluded the fifth round of talks for an India-UK Free Trade Agreement (FTA) on July 29, the Ministry of Commerce & Industry said.
Tata Steel threatens to shut shop in UK: Report
Jul 25, 2022, at 12:41 am
UK's largest steel company, Tata Steel, has threatened to close operations unless the British government provides assistance of nearly 1.5 British pounds (around Rs 14,400 crore) within the next one year to help the company reduce its carbon emissions, the Financial Times (FT) reported.
UK PM hopes for progress on Ukrainian grain export issue
Jun 16, 2022, at 09:06 pm
London/UNI/Sputnik: UK Prime Minister Boris Johnson, during a phone call with Ukrainian President Volodymyr Zelenskyy, expressed hope for progress on the issue of Ukrainian grain exports, the Prime Minister's office said in a statement.
TVS Motor Company announces additional investment of 100 million pounds in UK's Norton Motorcycle
Apr 22, 2022, at 01:49 am
Hosur: Two-wheelers and three-wheelers manufacturing giant, TVS Motor Company Thursday announced an additional investment of £100 million in Norton Motorcycles, Britain's most iconic sporting motorcycle brand, which was acquired in April 2020.
Govt sets up helpdesk for exporters in the wake of Russia-Ukraine crisis
Feb 26, 2022, at 08:03 am
New Delhi/UNI: In view of difficulties faced by exporters arising out of Russia-Ukraine crisis, Commerce Ministry has set up a helpdesk to support and seek suitable resolutions to issues related to trade.
UK PM Boris Johnson announces largest ever sanctions targeting Russian entities, wealthy individuals
Feb 25, 2022, at 06:26 am
In a slew of economic sanctions against Russia, UK Prime Minister Boris Johnson announced measures targeting banks, members of President Vladimir Putin's closest circle and wealthy Russians who enjoy high class London lifestyles, Reuters reported.
India, UK conclude first round of talks for FTA
Jan 29, 2022, at 06:26 am
New Delhi/UNI: Seeking to negotiate an early trade deal, India and the UK have concluded the first round of talks for Free Trade Agreement (FTA) between the two countries.
India, UK FTA to boost bilateral trade by up to £28 billion a year by 2035
Jan 14, 2022, at 06:28 am
New Delhi/IBNS: As India and UK are set to work on building closer trade ties based on mutually agreed terms through a Free Trade Agreement (FTA), both sides expressed confidence that the deal would boost bilateral trade by up to £28 billion a year by 2035.