S Kalyana Ramanathan In London

Stories by S Kalyana Ramanathan In London

Thomas Cook in debt crisis

Thomas Cook in debt crisis

Rediff.com   23 Nov 2011

Stocks fall 70% on LSE; management plays down trouble.

GSK will pay $3 bn to settle US drug row

GSK will pay $3 bn to settle US drug row

Rediff.com   4 Nov 2011

The 'in-principle' settlement of $3 billion is covered by existing provisions. GSK expects to make payments under a final agreement next year.

Rogue London trader costs UBS $2 bn

Rogue London trader costs UBS $2 bn

Rediff.com   16 Sep 2011

A 31-year-old staffer was arrested in the early hours of Thursday for causing a $2-billion loss to Swiss investment banking giant UBS on account of unauthorised trading at the bank's London office.

News International's former editor Brooks arrested

News International's former editor Brooks arrested

Rediff.com   18 Jul 2011

Former News International chief executive Rebekah Brooks was arrested from her London house this afternoon on charges of phone hacking and corruption. News International is News Corp's British newspaper arm.

Tata Steel accepts $130-mn to settle UK plant loss

Tata Steel accepts $130-mn to settle UK plant loss

Rediff.com   23 Jun 2011

Tata Steel's arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year purchase contract.

Subrata Roy stamp fiasco: London journos irked

Subrata Roy stamp fiasco: London journos irked

Rediff.com   12 Apr 2011

London-based Indian Journalist's Association (IJA) has sent a notice to Sahara Pariwar chairman and managing worker Subrata Roy asking his group not to prevent journalists from discharging their duties.

Essar's Stanlow deal hits union bump

Essar's Stanlow deal hits union bump

Rediff.com   7 Mar 2011

Essar Energy's $350-million deal to buy Shell UK's oil refinery and associated assets at Stanlow, near Ellesmere Port, Cheshire, has hit a road block. The employee union has rejected the deal in its current form due to differences over pension payout and other issues.

India set to get Asia's first tidal power plant

India set to get Asia's first tidal power plant

Rediff.com   17 Jan 2011

With the proposed commissioning of a 50-Mw tidal power project off the coast of Gujarat in 2013, India is ready to place its first "seamark" that will be a first for Asia as well.

JLR in new deal to sell 40,000 cars in China

JLR in new deal to sell 40,000 cars in China

Rediff.com   12 Jan 2011

The Tata Motors-owned Jaguar Land Rover (JLR) has signed a fresh deal with China to sell 40,000 cars in 2011.The deal, said to be worth more than 1 billion, comes on the back of an order the company had bagged in 2009 for 13,000 cars valued at that time at 850 million.

Teesside case: Tribunal rules in Tata's favour

Teesside case: Tribunal rules in Tata's favour

Rediff.com   12 Jan 2011

Dispute relates to premature termination of a deal to buy TCP steel

Now, microchip facility in India

Now, microchip facility in India

Rediff.com   16 Dec 2010

India is ready to enter the small and elite group of world chipmakers, with the first such facility in the country receiving strong support from the government of India.The state-of-the-art facility, which sources believe would cost around $3 billion to set up, could reduce India's 100 per cent reliance on imported chips from a select group of foundries in countries like Taiwan, China and Israel.

'India - a threat and opportunity for UK'

'India - a threat and opportunity for UK'

Rediff.com   13 Dec 2010

The self-proclaimed voice of the British business, CBI, has said India is both a threat and an opportunity for UK's manufacturing sector. Commenting on the government's "Growth Review Framework for Advanced Manufacturing", announced earlier this week, CBI has said UK manufacturers and government must be aware of the potential threat countries like India and China pose in the global marketplace.

SBI readies for retail push in UK

SBI readies for retail push in UK

Rediff.com   28 Oct 2010

A full rollout of the products will be completed by March 2011 and the UK branch of SBI will be adding three branches over the existing seven to push its retail agenda. With this, SBI will take on local heavyweights in the mortgage segment such as HSBC, Barclays, NatWest, Lloyds and RBS.

India to see huge fall in steel output: Mittal

India to see huge fall in steel output: Mittal

Rediff.com   17 Sep 2010

Lakshmi Mittal, India-born chairman and chief executive officer of the world's largest steel producer, ArcelorMittal, said despite the expanding steel making capacity in India, the country is set to face a massive shortfall in supply in the coming decades.

Vedanta set to source bauxite from Gujarat

Vedanta set to source bauxite from Gujarat

Rediff.com   13 Sep 2010

According to a senior Vedanta executive, the supply of bauxite from Gujarat should start this week. The Orissa alumina project needs about 3 million tonnes of bauxite to run at full capacity.

Corus inks draft Teesside sale

Corus inks draft Teesside sale

Rediff.com   28 Aug 2010

After months of negotiations, Tata Steel-owned Corus has tentatively agreed to sell the beleaguered Teesside Cast Products plant to Thailand's Sahaviriya Steel Industries for a price of 320 million (Rs 2,325 crore).

Corus to invest Rs 1,355 cr in UK

Corus to invest Rs 1,355 cr in UK

Rediff.com   17 Aug 2010

Tata Steel-owned Corus on Tuesday said it will invest 185 million pound (Rs 1,355 crore) in the No 4 blast furnance at Port Talbot steelworks in Wales, that will increase capacity by 400,000 tonnes a year.

Young indians taking over UK boardrooms

Young indians taking over UK boardrooms

Rediff.com   16 Aug 2010

The study, however, did not cover the extent to which Indians hold leadership positions.

UK minister hopeful on buyer for Corus unit

UK minister hopeful on buyer for Corus unit

Rediff.com   9 Aug 2010

Fresh from his visit to India in the last week of July, Britain's Business Secretary (minister) said he was hopeful a buyer would be found for Tata Steel-owned Corus' Teesside Cast Products plant in the northeast of this country.

Indian IT firms top Europe survey

Indian IT firms top Europe survey

Rediff.com   4 Aug 2010

Cognizant first, TCS third, Infosys fourth in Performance and Satisfaction study.