In August 2021, Nick Read, chief executive of Vodafone Plc at the time, did not mince his words while speaking about the India business in an earnings call. Replying to an analyst's question on Vodafone Idea, a venture with the Aditya Birla Group that had piled on huge debts and worrisome losses, Read described it as a highly stressed situation that "they (Vodafone Idea) are trying to navigate... "We, as a group, try to provide them as much practical support as we can, but I want to make it very clear, we are not putting any additional equity into India.''
India's case for NSG membership is also being strongly pushed by the US, which has written to other members to support India's bid at the plenary meeting of the group expected to be held in Seoul on June 24.
German tennis great Boris Becker was jailed by a London court on Friday for hiding hundreds of thousands of pounds of assets after he was declared bankrupt.
Prime Minister Narendra Modi on Friday said bilateral cooperation in defence manufacturing would be the "prime focus" of his visit to the United Kingdom.
According to Downing Street sources it was "no biggie".
HCL Great Britain is ranked alongside leading ICT companies such as Tesco and Nokia.
'With Trump, the relationship was very transactional, whereas with President Biden it is very structured.'
These jobs are not being cut and that the employees will be reallocated to other projects
Prime Minister Narendra Modi on Monday met his British counterpart Boris Johnson on the sidelines of the COP26 climate summit here and discussed ways to enhance bilateral cooperation in areas like green hydrogen, renewables and clean technology, economy and defence.
'We are receiving a steady stream of interest from well-established foreign universities.'
In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country's resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities witnessing the worst-ever net outflow of Rs 1.21 lakh crore by FPIs in 2022 on aggressive rate hikes by the central banks globally after net inflows for three consecutive years.
Mumbai-based IT products and services firm Aftek Infosys Ltd said on Thursday that it has entered into a joint venture with UK-based IT firm in the wireless and mobile area.
Now in its ninth year, the annual NOA Awards recognise best practices in outsourcing projects, the city-headquartered company said.
HCL Technologies on Wednesday announced a Rs 910 crore ($200 million), multi-service, five-year contract with Skandia UK, taking its cumulative order position in this calendar year to over $600 million
The deal size was, however, not disclosed. T-Mobile is one of the world's largest mobile operators with more than 125 million customers worldwide and about 16.7 million customers in the UK itself.
In a significant move to enhance its strategic resource security, India has officially released its first-ever critical minerals list, identifying 30 key critical minerals crucial to the nation's economic growth and technological development. This pioneering step aims at reducing import dependence, enhancing supply-chain resilience, and supporting the country's net-zero objectives. Union Minister Parliamentary Affairs, Coal and Mines Pralhad Joshi, while releasing the Critical Minerals for India report in New Delhi on Wednesday, said, "India is readying for an Atmanirbhar Bharat."
Packaging major Essel Propack on Tuesday said it has acquired the United Kingdom -based Telcon Packaging.
'If only the then prime minister Jawaharlal Nehru had allowed the then home minister Sardar Patel to handle Jammu and Kashmir in the same manner he was handling other princely states of India, today the part of Jammu and Kashmir that is illegally occupied by Pakistan would have been a part of India and the issue of PoJK would have never have risen'
The roll-out of the auto enrollment began in October 2012.
Indians are welcome to study and work in Great Britain, says UK's Minister for Science and Universities Jo Johnson.
Making the Pixel 8 in India will not necessarily bring the price down -- witness iPhones made in India that are more expensive than those in the US and Dubai.
From the Sensex pack, IndusInd Bank, NTPC, Asian Paints, Hindustan Unilever, JSW Steel, Tech Mahindra, Bajaj Finance, Infosys, Wipro, ICICI Bank, Bajaj Finserv, HDFC Bank and Tata Motors were among the major laggards. HCL Technologies, Power Grid, Titan, Reliance Industries, UltraTech Cement, Tata Steel, State Bank of India and Mahindra & Mahindra were the gainers.
The report titled 'Towards a Global Labour Market' by the Work Foundation said that the UK will need to attract more highly skilled workers from abroad in order to secure the future of high technology, knowledge intensive industries in an increasingly global world. Policymakers must do more to ensure that the UK remains an attractive place for highly skilled migrants who want to come to the UK, the foundation said.
The rationale is to prevent foreign scientists of suspect countries from taking courses which would help them acquire the knowledge necessary to assist with the production or manufacture (proliferation) of WMD
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
As unemployment has gone up, countries have tightened their visas. We need to make sure there is no long-term impact, said CII.
For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
A senior government functionary claimed on Thursday that the average estimated cost of MQ-9B long endurance drones for India would be 27 per cent lower than the price incurred by other countries which have bought it from the US, asserting that it will most likely go further down during negotiations unless India seeks additional features.
To be set up at Staffordshire, near Wolverhampton, the facility will manufacture a family of low emission 4-cylinderJLR petrol and diesel engines.
From the Sensex pack, Infosys tanked over 8 per cent after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and delivered a shocker as it slashed its FY24 growth outlook to 1-3.5 per cent on delayed decision-making by clients amid global macro uncertainties. Hindustan Unilever, HCL Technologies, Wipro, and Tech Mahindra were the other major laggards. On the other hand, Larsen & Toubro rose the most by 3.88 per cent after it bagged an order of worth over Rs 7,000 crore from the bullet train project.
Strategic deals like the one involving the HDFC twins accounted for a bulk $126 billion of the overall quantum, while transactions involving private equity funds stood at $37 billion, the report by Deloitte, a consultancy firm, said. Despite global headwinds like rising interest rates and elevated inflation levels leading to increased margin pressures for companies, the firm expects the overall activity to remain "strong" in the ongoing 2023.
Leading global provider of banking, insurance and financial technology solutions, Polaris Software Lab Ltd on Monday said UK-based Llyods TSB has selected its 'Intellect Suite' as the banking solution for the international cash management offering.
In a first-of-its kind procedure in UK, doctors have employed a pioneering three dimensional printing technology to create a prosthetic face for a man who had the entire left side of his face removed after suffering from cancer.
Indian start-ups breathed a sigh of relief after the UK government facilitated the acquisition of the now-defunct Silicon Valley Bank's (SVB's) British arm by HSBC. In a bid to allay fears, the US Federal Deposit Insurance Corporation (FIDC) announced recently that it had transferred all deposits of start-up-focused SVB to a newly created bridge bank and all depositors would have access to their money. President Joe Biden also sought to reassure jittery depositors that they can have confidence that the US banking system is "safe".
Ahead of the talks, the United Kingdom said it will offer India the best of British know-how on building battle-winning aircraft.
The single-judge bench of Justice Krishna S Dixit which dictated the operative portion of the judgement also imposed a cost of Rs 50 lakh on Twitter and ordered it to be paid to the Karnataka State Legal Services Authority within 45 days.
