The UK government on Sunday announced that it will support "iconic British brand" Jaguar Land Rover (JLR) with a loan guarantee of up to 1.5 billion pounds to give certainty to the Tata Motors owned carmaker's supply chain following a devastating cyber-attack. The loan will come from a commercial bank, backed by the Department for Business and Trade's (DBT) Export Development Guarantee (EDG), provided by export credit agency UK Export Finance, to be paid back over five years.
A readout of the meeting reportedly said Lord Johnson "made clear that he was keen to see a bigger Infosys presence in the UK and would be happy to do what he could to facilitate that".
The United Kingdom on Friday announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy. The government's grant has been dubbed as one of the largest British government support packages in history and a "defining moment" for the country's steel industry.
Countries across the world -- from the United States, the United Kingdom, Canada to Singapore and New Zealand, are witnessing phenomenal strides by Indian-origin politicians, who are now taking on influential and prominent roles in governments and cabinets.
To enable large-scale vaccine studies to take place across the UK, the aim is to get 500,000 people signed up by October, which is considered vital in the fight against coronavirus.
Reportedly insists on no loan guarantee if the government is not allowed any say in the company's future.
After months of negotiations, Tata Motors-owned Jaguar Land Rover is likely to get approval for a loan of pound 270 million (about Rs 2,000 crore) from the European Investment Bank on April 7, BBC reported on Saturday quoting official sources.
The report released by Britain's Department for Business, Innovation and Skills, which deals with British government permits for arms and security equipment exports, said besides Pakistan, Israel has exported military equipment to Egypt, Algeria, the United Arab Emirates and Morocco.
Bank of England Governor Mervyn King has topped the list of 100 most powerful business people in the public sector and non-governmental organisations compiled by The Daily Telegraph. Vadera, parliamentary under-secretary of State for Business and Competitiveness, Department for Business Enterprise and Regulatory Reform, is ranked 20th.
Clark's predecessor Sajid Javid had pledged to help Tata Steel UK with a proposed package of measures and new British PM Theresa May is reportedly supportive of the plan
Describing India as a long-standing strategic partner in fight against terror, Israel has said that it will "not do anything that could undermine India's security" in a strong bid to re-assure New Delhi that reports of arms sale to Pakistan were incorrect.
Besides a minority stake, the UK and Welsh governments are considering additional grant funding
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