Money and power being "natural bedfellows" is not necessarily true in the British business world, except for steel tycoon Lakshmi Mittal who figures right on the top of a new 'Richest Power List', compiled after combining two separate rankings of the most powerful and the most richest in the UK.
The government should not be running businesses as public sector companies are inefficient and do not generate enough resources to fund their own growth, according to Maruti Suzuki India chairman R C Bhargava. Public sector companies need support all the time to grow and need funds from the government for capital investments, he told PTI in an interview. "I have no doubt that government should not be in business. No way," he said when asked if governments should be in the business of running enterprises on the basis of his experience of witnessing the transformation of the then government-owned Maruti Udyog Ltd to Maruti Suzuki India Ltd, majority owned by Japan's Suzuki Motor Corporation.
Chief Justice of India K G Balakrishnan has said that UK law firms could be allowed to operate in India but a final decision in the matter would have to be taken by the Indian Bar Council.
Growth is coming across both government as well as private sector.
In the first such case, the owner of a string of award-winning Indian restaurants in the UK has been charged with the manslaughter of a 38-year-old customer who died following a severe allergic reaction after eating a curry that contained peanuts.
The Insolvencies and Companies Court of London high court on Monday declared fugitive business baron Vijay Mallya a bankrupt person as per UK laws. Legal experts explain what this means for 65-year old Mallya's personal liberties, his legal battle against extradition to India to face trial, and for the consortium of Indian lenders - at whose behest the bankruptcy proceedings were initiated in the UK courts.
Supply chain workers called the strike over a pay dispute.
While the Indian women's football team holds the 60th position in the FIFA rankings, the men's team ranks 100.
'Brexit might delay the sale process of Tata Steel's UK operations'.
As Germany took note of Rahul Gandhi's disqualification from Lok Sabha, the Bharatiya Janata Party on Thursday accused the Congress of 'inviting foreign powers' for interference in India's internal matters and the Opposition party hit back, alleging that its rival was attempting to divert attention from the Adani issue.
British Indian former Cabinet minister Rishi Sunak maintained his lead as the race to replace Boris Johnson as Conservative Party leader and next UK prime minister widened on Sunday with a total of nine candidates in the fray, with Trade Minister Penny Mordaunt emerging as an early second favourite.
Helen Brand offers a CA's view on protectionism, money laundering and how India's implementation of Ind-AS will make it more attractive to investors.
The company declined to disclose the names of the firms it was acquiring as the regulatory clearances and some negotiations are still in process.
A protest march by a UK-based pro-Pakistan group on the Kashmir issue in the heart of London on Sunday fizzled out as barely a few hundred protesters gathered to wave placards and flags.
Equities are the go-to asset class as far as ultra-long-term returns are concerned. Over the past 123 years, global equities have provided an annualised real return of 5 per cent in US dollar terms, while bonds have delivered 1.7 per cent and short-term bills just 0.4 per cent, according to Credit Suisse's Global Investment Returns Yearbook 2023. In collaboration with the London Business School, Credit Suisse has analysed over 100 years of returns for key asset classes in 35 countries.
Rishabh Pant is keeping himself busy during his quarantine using the lawn mower at his home in New Delhi.
There is more than what meets the eye to the wealth accumulated by Punjab Deputy Chief Minister Sukhbir Singh Badal.
The annual Edelman Trust Barometer report, released every year during the World Economic Forum's Davos summit, also showed that business has replaced government as the most trusted and is now followed by government and media in that order.
Visa delays have perturbed Indian visitors this summer. But a solution could be in sight soon, as embassies gear up to address the challenges caused by a spike in applications and staff shortages. While the British High Commission has said it is working urgently to reduce the current visa processing time, the German Embassy has introduced extra shifts to process more visas. However, appointments with the latter are fully booked till August-end due to high volumes.
Parliament's Budget session has been a washout since the beginning of its second part on March 13, with the BJP demanding an apology from Gandhi.
The two IT majors -- Infosys and TCS -- delivered disappointing results for the fourth quarter of the 2022-23 financial year (Q4FY23). Poor macro conditions and weak sentiment in the banking, financial services and insurance (BFSI) space accounted for the miss. For TCS, revenue in constant currency (CC) terms grew at 0.6 per cent on a quarter-on-quarter (QoQ) basis. Weakness was visible in North America, primarily due to deferred discretionary spending.
Tata Group-owned Air India on Wednesday announced the launch of new flights connecting Mumbai with New York, Paris and Frankfurt, starting February next year. Besides, the full-service carrier also announced the resumption of non-stop flights connecting Delhi with Copenhagen, Milan and Vienna. The Mumbai-New York (JFK International Airport) daily service will commence from February 14 next year, Air India said.
Minimum one-way air fares between Delhi and London are priced upwards of Rs one lakh in August due to limited number of seats, data collected by Directorate General of Civil Aviation (DGCA) shows. The United Kingdom has included India in the amber list and the change came into effect from Sunday. With this, passengers from India needn't undergo institutional quarantine and can self-isolate at home for 10 days.
The company, which serves financial services, telecom and white goods verticals and has overseas presence including offices in US and UK, is also looking at entry into newer verticals besides going public soon. \n\n
Leading UK-based NRI industrialist Lord Swaraj Paul has said that he proposed to make investments in Madhya Pradesh.
UK's Cairn Energy Plc has won an arbitration against the Indian government levying Rs 10,247 crore in retrospective taxes, the company said on Wednesday. The three-member tribunal, which also comprised a judge appointed by the Indian government, ruled that India's claim of Rs 10,247 crore in past taxes over a 2006-07 internal reorganisation of Cairn's India business was not a valid demand, sources said. The tribunal asked India to pay the funds withheld along with the interest to the Scottish oil explorer for seizing dividend, tax refund, and sale of shares to partly recover the dues.
Essar group on Friday announced the signing of a USD 2.4 billion (Rs 19,000 crore) deal to sell certain ports and power infrastructure to ArcelorMittal Nippon Steel in one of the largest post-pandemic merger and acquisition deals in India. In a statement, the Ruia-run firm said the deal also envisages a 50-50 joint venture between Essar and ArcelorMittal for building a 4 million tonnes a year LNG import terminal at Hazira in Gujarat. Without giving details, it only identified certain ports and power infrastructure that are primarily captive to operations of the Hazira steel plant, which was acquired by ArcelorMittal Nippon Steel (AM/NS) in 2018-19, as part of the deal.
Ranjit Singh Power's family in Britain fears he may have been kidnapped after he uncharacteristically failed to stay in contact with them and did not catch his return flight from Amritsar on May 14.
Fourteen future leaders of India will be offered an intense, all expenses-paid, 12-week residential course at the King's College London (KCL) as part of the Chevening Gurukul Leadership and Excellence Programme.
More than 1,400 people have signed an e-petition on the UK government website calling to 'Reverse Mango Import Ban.'
The Reserve Bank on Wednesday allowed inbound travellers from G20 nations arriving at select airports to use the popular UPI for making payments in the country. Later, the RBI also proposes to extend the Unified Payments Interface (UPI) facility to travellers from all countries. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing & merchant payments into one hood.
Rode, the place chosen for the dastarbandi (turban-tying) event on September 29, 2022, happens to be the ancestral village of slain terrorist Jarnail Singh Bhindranwale.
Congress leader Rahul Gandhi has said that the assassination of his father and former prime minister Rajiv Gandhi was the "single biggest learning experience" of his life, asserting that he cannot get away from the fact that the event also made him learn things that he would have never learnt otherwise.
Stepping up his attack on the Bharatiya Janata Party government, Congress leader Rahul Gandhi has alleged that the structures of Indian democracy are under 'brutal attack' and there is a full-scale assault on the institutions of the country.
The company had posted a net profit of Rs 377.97 crore (Rs 3.77 billion) in the same period of previous fiscal.
There will be a lot to repair and rejuvenate -- if that opportunity even presents itself, warns Rathin Roy.
The aim of the scheme was to reduce the number of people from some "high risk" countries - including India, Pakistan, and Nigeria - staying in the UK once their short-term visa had expired.
Modi said India's next general elections will be held in 2024 and he invited G20 delegates to visit the country to witness the "festival of democracy" in the "mother of democracy".
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances