Twenty five year-old Jagmeet Channa, who worked at the Canary Wharf headquarters of the bank, hijacked his colleagues' identities to plunder the coffers of the bank. Hoping the looming weekend would help hide his betrayal, Channa followed orders of fellow conspirators who had promised him a 'cut', by first sending Euro60 million (47,970,227 pounds) from one of its trading accounts to Morocco.
Indian visitor numbers rose from 205,000 to 367,000 in 2006 and are expected to increase at a greater rate. The average spend by an Indian tourist is 793 pounds, compared with 710 pounds by an American tourist.
India-born controversial author Salman Rushdie's 'Midnight's Children' has established an unassailable lead over five other contenders in global public voting for the Best of the Booker award.
Thousands of people face the prospect of losing their jobs due to the current credit crunch and a downturn in the British economy. A steep rise in the cost of living in recent months has further prompted professionals to look beyond borders. Fresh MBA graduates from the University of Oxford's Said Business School have taken the initiative to organise a recruitment fair in Mumbai on July 30 and 31. They have already received an enthusiastic response from potential recruiters.
'We must make viable peace. This (Kashmir) is a solvable problem that must not take further lives,' Zardari said in a 'special vision statement' read out at a conference organised by Tehelka magazine in London on Friday. Pending a final settlement, 'we agree with the statement of Prime Minister Manmohan Singh supporting an autonomous Kashmir running much of its own affairs', Zardari said.
The issue of cross border terrorism must be addressed to find a 'pragmatic' solution to the Kashmir issue, the opposition Bharatiya Janata Party has said as leaders from India and Pakistan favoured making the border 'irrelevant' to promote people-to-people contacts and discard the 'mistrust'.
The large Sikh community in the west Midlands town of Coventry is outraged after a memorial in honour of Sikh soldiers was desecrated by miscreants who tied a pig's head to the structure. The war memorial was put up near a central roundabout by the community in 2005 to honour the 83,000 Sikh soldiers who fought in the British army during the two World Wars.
India is one of the top three sources of international recruitment for British employers struggling to meet talent shortages, according to a major industry report.
British students are using Indian expertise in information technology to complete their course assignments by posting them on outsourcing websites and buying the completed coursework.Called 'contract cheating' in academic circles, lecturers in computing department in universities are in a tizzy since such coursework is of high quality and difficult to detect through normal plagiarism detection software.The students pay amounts ranging from 5 to 50 pounds for the complete work
An Indian-origin civil rights campaigner has threatened to sue a cabinet minister for allegedly insinuating that her relationship with former shadow Home Secretary David Davis was inappropriate.Shami Chakrabarti, 39, the prominent director of civil rights group Liberty, has demanded a public apology from Andy Burnham, the Culture Secretary, who she accuses of tawdry character assassination and innuendo.
An Indian doctor working in Britain's National Health Service has been prohibited from treating female patients except in emergencies after complaints of 'inappropriate' examination of two women patients in August 2002.
Leading Non-Resident Indian entrepreneur Raj Loomba, a campaigner of widows' rights, Surina Narula, champion of street children in India and 16 others have been chosen for the Queen's Birthday Honours this year.
Britain has launched an India country plan for 2008-2015 under which it will spend 825 million pounds in the next three years to help India achieve the Millennium Development Goal (MGD) and assist the poorest of the poor in the country.
KSK Emerging India Energy Fund Limited on Tuesday became the fourth Indian firm to float on AIM in the last four weeks, the London Stock Exchange announced. Between them the four new Indian firms have raised about $387 million. The other three Indian firms to have joined AIM over the past month are Indus Gas, OPG Power Ventures and Mortice Ltd.
Hindraf, a Malaysian outfit spearheading a stir by ethnic-Indians, will press the Commonwealth to suspend Kuala Lumpur from the body for its discriminatory policies against the community."We will urge the 54-member Commonwealth to suspend Malaysia from its body," said Malaysia-born Waytha Moorthy, founder-chairman of the Hindu Rights Action Force. Moorthy, a lawyer by profession, is currently seeking asylum in United Kingdom after the Malaysian government revoked his passport
British authorities have barred a middle-aged Indian doctor from practicing for a year and threatened to revoke his license permanently after he was accused by a woman patient of behaving indecently during a breast examination. At the general Medical Council hearing in Manchester, it was ruled that Pattar's fitness to practice had been 'impaired' and that a 12-month suspension was imposed on his registration with the GMC.
The company's statement of accounts filed at the Companies House reveals that its losses have nearly trebled despite a 42 per cent rise in revenues. The company acquired its first brewery in India in January as part of its efforts to capture 10 per cent of the booming market. Pre-tax losses at the UK-based company hit 13.1 million pounds in the 12 months to the end of July last year against a loss of 4.4 million in the same period a year earlier, The Daily Telegraph reported.
More cases of international credit card fraud with links to India have come to light in Britain, even as authorities refused to rate the problem from Indian cities as very high.In a latest incident, a British journalist discovered that money was withdrawn from his bank account in Chennai this week, while nearly 500 others in Bournemouth suffered the same fate.
The offices called 'London India Offices', were launched in November 2007 during Livingstone's visit to India, were set up to promote trade relations between London and India.
Northern Ireland's growing trade links with India have received a further boost with the appointment of two Bangalore and New Delhi-based advisory companies to help expansion and growth.
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