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UK government in advanced talks over £500m Tata Steel aid package The UK government is in advanced talks with Britain's biggest steel producer to hand over a £500m aid package aimed at securing the long-term future of steelmaking in South Wales, Sky News reported. Whitehall officials and Tata Steel are close to agreeing a deal that would commit more than £1bn to the future of its Port Talbot steelworks, but which could ultimately result in thousands of job losses, Sky News reported. The terms of an agreement were subject to change, but...
UK government in advanced talks over £500m Tata Steel aid package
UK government in advanced talks over £500m Tata Steel aid package
Source: IANS
3/09/2023 5:51:45 PM
India, UK to hold 12th round of talks for proposed FTA from August 7 As India and the UK are close to concluding negotiations for a proposed free trade agreement (FTA), chief negotiators of both countries will hold the 12th round of talks from August 7, 2023. Both sides are looking at concluding the talks before the end of the year. The main issues which could come up for discussions in this round include investment treaty, reduction of duties on auto and whiskey and matters pertaining to services.  The 11th round of talks was concluded in the month of...
India, UK to hold 12th round of talks for proposed FTA from August 7
India, UK to hold 12th round of talks for proposed FTA from August 7
Source: Accord Fintech
3/08/2023 11:37:22 AM
India, UK could sign trade deal this year -commerce official India and Britain could sign a free trade agreement (FTA) this year as both countries have reached consensus on the broad contours of the proposed deal aiming to boost economic growth and jobs, a top Indian trade ministry official said. "We want to finalise the deal at the earliest," Sunil Barthwal, India's commerce secretary, told reporters on Friday. He said that on almost all contentious issues, negotiations were completed, and the deal could be signed "much before...
India, UK could sign trade deal this year -commerce official
India, UK could sign trade deal this year -commerce official
Source: Reuters
29/07/2023 9:47:17 AM
India to become world's largest economy by 2060: UK MP Karan Bilimoria British Parliamentarian Lord Karan Bilimoria has predicted that India will become the world's largest economy by 2060. He said India has overtaken the United Kingdom and it's now the fifth largest economy in the world. Bilimoria said ‘the whole world is looking up to India. India is now, without doubt, going to be one of the three superpowers in the world very shortly. Within 25 years, my prediction is India will have a GDP of 32 trillion dollars and would be the second large...
India to become world's largest economy by 2060: UK MP Karan Bilimoria
India to become world's largest economy by 2060: UK MP Karan Bilimoria
Source: Accord Fintech
25/07/2023 12:59:56 PM
Oil edges higher on lower U.S. crude stocks, cautious outlook Oil prices crept higher on Thursday as a lower-than-expected drop in U.S. crude inventories and a weaker demand outlook kept investors cautious. September Brent futures climbed 24 cents, or 0.3%, to $79.70 a barrel by 1255 GMT, while August U.S. West Texas Intermediate (WTI) crude gained 26 cents, or 0.4%, to $75.61 a barrel. The August WTI contract expires on Thursday. The more active September WTI crude was 31 cents, or 0.4%, higher at $75.60. Prices fell in the previous session af...
Oil edges higher on lower U.S. crude stocks, cautious outlook
Oil edges higher on lower U.S. crude stocks, cautious outlook
Source: Reuters
20/07/2023 7:09:05 PM
Oil prices open lower on dollar strength, profit-taking Oil prices slipped in early Asian trade on Thursday, extending the previous session's losses, as the dollar strengthened and on profit-taking after U.S. crude oil stocks fell less than expected. Brent futures dipped 14 cents, or 0.2%, to $79.32 a barrel by 0001 GMT, while U.S. West Texas Intermediate (WTI) crude fell 15 cents to $75.20 a barrel. Strength in the U.S. dollar index weighed on prices. The dollar bounced on Wednesday after sentiment was boosted by inflation in the United...
Oil prices open lower on dollar strength, profit-taking
Oil prices open lower on dollar strength, profit-taking
Source: Reuters
20/07/2023 8:41:50 AM
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds Tata Sons on Wednesday announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually. This investment of over 4 billion pounds is an integral part of Tata Group's commitment to electric mobility and renewable energy storage solutions and establishes a competitive green tech ecosystem in the UK at scale. N. Chandrasekaran, Chairman, Tata Sons, said, "The Tata Group is deeply committed to a sustainable future across all...
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds
Source: IANS
19/07/2023 1:59:14 PM
UK Trade Minister visits Kolkata to grow green trade UK’s International Trade Minister Nigel Huddleston on Monday kicked off a three-day visit to Kolkata and Dhaka with focus on unlocking more opportunities for British companies to grow trade in the region. UK's bilateral trade with India has already topped 36 billion pounds, supporting half a million jobs across both countries. As part of its ambition to double the bilateral trade by 2030, the UK is continuing to negotiate a trade deal with India. Huddleston said: “The UK...
UK Trade Minister visits Kolkata to grow green trade
UK Trade Minister visits Kolkata to grow green trade
Source: IANS
3/07/2023 5:57:22 PM
Nita Ambani presents inaugural Reliance Foundation ESA Cup at The Boodles tennis in UK Nita M. Ambani, Founder and Chairperson of Reliance Foundation, presented the inaugural Reliance Foundation ESA Cup to Diego Schwartzman at The Boodles Tennis event at Stoke Park in Buckinghamshire. The Boodles is truly unique -- an exhibition tennis event that is the most lavish warm-up for The Championships at Wimbledon -- a one-of-a-kind entertainment experience, at Stoke Park which this year celebrates its 19th anniversary and is taking place from June 27 – July 1, 2023. It is...
Nita Ambani presents inaugural Reliance Foundation ESA Cup at The Boodles tennis in UK
Nita Ambani presents inaugural Reliance Foundation ESA Cup at The Boodles tennis in UK
Source: IANS
28/06/2023 1:57:59 PM
UK`s SRAM & MRAM Group to invest $100 million in India`s SpiceXpress India's SpiceJet Ltd said on Monday that UK-based SRAM & MRAM Group will invest $100 million in its cargo division SpiceXpress, sending shares of the budget airline up as much as 4.8%. The investment comes days after SpiceJet brushed off speculation of filing for insolvency in the wake of rival Go First's bankruptcy. SpiceJet had hived off SpiceXpress into a separate entity effective April 1, paving the way for the company to raise funds independently. SRAM & MRAM Gro...
UK`s SRAM & MRAM Group to invest $100 million in India`s SpiceXpress
UK`s SRAM & MRAM Group to invest $100 million in India`s SpiceXpress
Source: Reuters
15/05/2023 11:05:14 AM
2nd India-UK financial markets dialogue held; focus on sustainable finance, cryptoassets The second India-UK financial markets dialogue took place on Wednesday, where both sides discussed several areas with a view to deepen the financial services relationship -- focusing on sustainable finance, insurance, asset management, capital markets and payments and cryptoassets. Richard Knox, director for International Financial Services at UK's treasury and Surbhi Jain, joint secretary in the economic affairs department of the Finance Ministry, co-chaired the meeting. According ...
2nd India-UK financial markets dialogue held; focus on sustainable finance, cryptoassets
2nd India-UK financial markets dialogue held; focus on sustainable finance, cryptoassets
Source: IANS
20/04/2023 9:31:53 AM
UK parliamentary delegation meets Gujarat CM for trade, investment talks Gujarat Chief Minister Bhupendra Patel on Wednesday met a delegation of UK MPs who are part of the All-Party Parliamentary Group (APPG) on trade and investment. The meeting, held in Gandhinagar, saw the chief minister invite the best universities in the UK to set up campuses in Gujarat, in light of the successful collaboration between the Biotechnology University in GIFT City and the University of Edinburgh. The delegation consisted of eight MPs from the Labour and Conservative parties,...
UK parliamentary delegation meets Gujarat CM for trade, investment talks
UK parliamentary delegation meets Gujarat CM for trade, investment talks
Source: IANS
13/04/2023 9:47:48 AM
United Kingdom regulators drop some concerns in Microsoft-Activision deal The UK's Competition and Markets Authority (CMA) on Friday sided with Microsoft over concerns that the tech giant may remove the Call of Duty (CoD) game from Sony PlayStation once its $68.7 billion acquisition of Activision Blizzard deal is approved. In a statement, the UK regulator narrowed the scope of concerns in Microsoft-Activision deal review. Activision Blizzard is the maker of the popular CoD game. New evidence provisionally alleviates concerns in relation to supply of gamin...
United Kingdom regulators drop some concerns in Microsoft-Activision deal
United Kingdom regulators drop some concerns in Microsoft-Activision deal
Source: IANS
25/03/2023 8:48:28 AM
Differing convictions in monetary policies Minutes from the Feb RBI monetary policy committee (MPC) review reflected concern over inflation, owing to uncertain geopolitics, volatile crude prices, and weather-related events. Outside of food, inflation was seen at the risk of hardening further, requiring policymakers to take calibrated action. The two dissenting members see the need to pause and allow the lagged impact of policy actions to play out, citing emerging growth risks. A majority of the MPC is likely to vote for a 25bp hike in...
Differing convictions in monetary policies
Differing convictions in monetary policies
Source: IANS
24/02/2023 10:11:53 AM
Vertex Hydrogen signs agreements to supply over 1,000MW of hydrogen to decarbonise leading UK industries Vertex Hydrogen is a leader in the energy transition, developing the UK's first large scale, low carbon hydrogen production hub at Essar's site in Ellesmere Port -- the heart of the HyNet North West cluster. Vertex has now signed agreements to supply over 1,000MW of low carbon hydrogen to leading industrial names in the region. This is a similar amount of energy that powers a major city like Liverpool, secures the entire initial hydrogen production capacity of Vertex and enables th...
Vertex Hydrogen signs agreements to supply over 1,000MW of hydrogen to decarbonise leading UK industries
Vertex Hydrogen signs agreements to supply over 1,000MW of hydrogen to decarbonise leading UK industries
Source: IANS
24/02/2023 8:56:27 AM
Tata Motors trades higher on unveiling new league of DARK products Tata Motors is currently trading at Rs. 432.55, up by 3.05 points or 0.71% from its previous closing of Rs. 429.50 on the BSE. The scrip opened at Rs. 427.20 and has touched a high and low of Rs. 434.50 and Rs. 427.10 respectively. So far 271674 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 494.50 on 17-Aug-2022 and a 52 week low of Rs. 366.05 on 12-May-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors trades higher on unveiling new league of DARK products
Tata Motors trades higher on unveiling new league of DARK products
Source: Accord Fintech
23/02/2023 12:01:18 PM
Fisheries experts want Indo-UK partnership to achieve 'One Health Aquaculture' concept  Fishery scientists and experts from India and the UK have called for an Indo-UK partnership to achieve the 'One Health Aquaculture' concept in the country. One Health Aquaculture approach implies achieving optimal health of the people, aquatic animals and plants, and the environment. Speaking on the concept at an Indo-UK joint workshop held here, experts said that while focusing on boosting production to meet growing seafood demand, it is equally important to improve the h...
Fisheries experts want Indo-UK partnership to achieve 'One Health Aquaculture' concept
Fisheries experts want Indo-UK partnership to achieve 'One Health Aquaculture' concept
Source: IANS
23/02/2023 10:17:21 AM
Halp.co is providing absolutely FREE End-to-End Counselling to Indian students seeking admission abroad * Free end-to-end personal coach support is available * Zero fees charged to the students or family * Currently helping students from 88+ countries * Placing students at colleges in CAN, UK, US, and AUS Halp, one of the world’s largest tech-enabled international college admissions coaching platforms backed by the tennis legend Serena Williams, is providing end-to-end personal coach support to Indian studentsaspiring to study abroad. Halp entered the Indian education sector b...
Halp.co is providing absolutely FREE End-to-End Counselling to Indian students seeking admission abroad
Halp.co is providing absolutely FREE End-to-End Counselling to Indian students seeking admission abroad
Source: PR Agency
21/02/2023 10:52:22 AM
Viacom18 wins Women`s Indian Premier League media rights for 2023-2027 period at INR 951 cr Viacom18 on Monday won the media rights of Women's Indian Premier League (IPL) for the period of 2023-2027. At an auction in Mumbai on Monday, Viacom18 won the rights with a bid of INR 951 crore, which translates to a per match value of INR 7.09 crore. "Congratulations @viacom18 for winning the Women's @IPL media rights. Thank you for your faith in @BCCI and @BCCIWomen. Viacom has committed INR 951 crore which means per match value of INR 7.09 crore for next 5 years (2023-27)....
Viacom18 wins Women`s Indian Premier League media rights for 2023-2027 period at INR 951 cr
Viacom18 wins Women`s Indian Premier League media rights for 2023-2027 period at INR 951 cr
Source: IANS
16/01/2023 3:38:42 PM
At least two more free trade agreements to be signed in 2023: Union Commerce Minister Piyush Goyal Union Commerce Minister Piyush Goyal has said he expects at least two more free trade agreements (FTA) to be signed up in 2023. He said negotiations are scheduled with the UK, European Union and Canada. He added that his ministry does not have the bandwidth to tend to requests by smaller trading partners like New Zealand with which the bilateral trade stands at USD 350 million. Talking about the operationalisation of the India-Australia Economic Cooperation and Trade Agreement signed in Ap...
At least two more free trade agreements to be signed in 2023: Union Commerce Minister Piyush Goyal
At least two more free trade agreements to be signed in 2023: Union Commerce Minister Piyush Goyal
Source: Accord Fintech
30/12/2022 10:58:38 AM
Predictable, progressive taxes needed for India to become a global gaming hub: Suggest experts Think Change Forum (TCF), an independent think tank dedicated to generating new ideas and finding solutions for navigating the post-pandemic world, today released recommendations based on a roundtable on 'What is the right taxation approach for a sunrise sector like Online Skill-Based Gaming?'. The event had five eminent panelists: Mr. Rohan Shah, Senior Counsel Supreme Court; Mr. Trivikraman Thampy, Online Games Entrepreneur, Founder-CEO Games24x7; Mr. Swapan Sarkar, Chief Executi...
Predictable, progressive taxes needed for India to become a global gaming hub: Suggest experts
Predictable, progressive taxes needed for India to become a global gaming hub: Suggest experts
Source: IANS
28/12/2022 2:08:51 PM
India`s pension regulator proposes bringing gig workers into pension fold -chairman India's pension fund regulator has recommended the federal government introduce a UK-like pension scheme for the country's gig workers, a move aimed at bringing about 90% of the overall workforce into the pension fold, its chairman told Reuters. The Pension Fund Regulatory and Development Authority (PFRDA), which manages over $102 billion in assets, has proposed that workers at food and cab aggregators be automatically enrolled into the National Pension Scheme (NPS), Chairman Supra...
India`s pension regulator proposes bringing gig workers into pension fold -chairman
India`s pension regulator proposes bringing gig workers into pension fold -chairman
Source: Reuters
28/12/2022 9:29:33 AM
India`s pension regulator proposes bringing gig workers into pension fold -chairman India's pension fund regulator has recommended the federal government introduce a UK-like pension scheme for the country's gig workers, a move aimed at bringing about 90% of the overall workforce into the pension fold, its chairman told Reuters. The Pension Fund Regulatory and Development Authority (PFRDA), which manages over $102 billion in assets, has proposed that workers at food and cab aggregators be automatically enrolled into the National Pension Scheme (NPS), Chairman Supra...
India`s pension regulator proposes bringing gig workers into pension fold -chairman
India`s pension regulator proposes bringing gig workers into pension fold -chairman
Source: IANS
27/12/2022 3:22:15 PM
Fintech firm Money View raises $75 mn to scale core credit biz Fintech company Money View on Monday announced it has raised $75 million in its ongoing Series E funding led by UK-based asset manager Apis Partners, at a valuation of $900 million. With over 40 million app downloads, the company is currently operating at an annualised disbursal run rate of $1.2 billion, managing assets under management (AUMs) of over $800 million. The current funding also saw participation from Tiger Global, Winter Capital and Evolvence. "Our performance and gr...
Fintech firm Money View raises $75 mn to scale core credit biz
Fintech firm Money View raises $75 mn to scale core credit biz
Source: IANS
26/12/2022 5:22:44 PM
Indian student wins top united kingdom univ scholarship worth 5,000 pounds An Indian student from Bengaluru has won a prestigious scholarship worth 5,000 pounds, which is awarded to an undergraduate pursuing any of the 24 subjects offered at the University of Dundee, UK. Rajvir Singh, 18, who studies Psychology and French at the University of Dundee, will receive the 2022 Jainti Dass Saggar Memorial Scholarship for Excellence, which supports a student who aims to give back to their community. The award which, is given to one aspiring student from India each ye...
Indian student wins top united kingdom univ scholarship worth 5,000 pounds
Indian student wins top united kingdom univ scholarship worth 5,000 pounds
Source: IANS
26/12/2022 2:57:08 PM
India`s growth rate to be 6.4% for next 5 years: UK-based Centre for Economics and Business Research India's annual growth trajectory for the next five years is expected to be 6.4 per cent, after which it is likely to rise to 6.5 per cent during the subsequent nine years, according to the Centre for Economics and Business Research (Cebr). This is going to lead India to the third spot in global ranking by 2037 from the existing fifth in the World Economic League Table in 2022. The Cebr has made this prediction in its annual World Economic League Table 2023 on Monday. The UK-based...
India`s growth rate to be 6.4% for next 5 years: UK-based Centre for Economics and Business Research
India`s growth rate to be 6.4% for next 5 years: UK-based Centre for Economics and Business Research
Source: IANS
26/12/2022 1:41:50 PM
Israel`s exports reach record-high in 2022 Israel's exports have registered a year-on-year increase of 10 per cent in 2022 to reach a record high of over $160 billion, according to estimates issued by the Ministry of Economy and Industry. It is the second consecutive year that exports, which make up about a third of Israel's economy, reached a record-high level, Xinhua news agency reported, citing a statement by the ministry. Israel's main export partners are the US, the UK, China, India, Ireland and the Netherlands,...
Israel`s exports reach record-high in 2022
Israel`s exports reach record-high in 2022
Source: IANS
26/12/2022 10:19:49 AM
United Kingdom wages next year will be at their lowest level since 2006 Brits hoping for a new-year salary bump to offset soaring food and energy costs may be disappointed, media reported. The average British worker's pay in 2023 is expected to fall back to 2006 levels, once inflation is taken into account, according to PwC. Real wages, which factor in inflation, are expected to fall by as much as 3 per cent in 2022 and another 2 per cent in 2023, PwC has predicted in a report on the UK economy, CNN reported. The report confirms that wages have stagn...
United Kingdom wages next year will be at their lowest level since 2006
United Kingdom wages next year will be at their lowest level since 2006
Source: IANS
25/12/2022 1:42:28 PM
Women's cricket set for a surge with inaugural IPL, U19 T20 World Cup The Indian Premier League (IPL) gave birth to the biggest revolution in the cricketing world, bringing in massive attention, great quality of cricketers and high viewership every year, before and during a global pandemic. But when it comes to creating a league of the same kind for women's cricket, the Board of Control for Cricket in India (BCCI) has been very laidback. The BCCI's unwillingness, despite a three-team women's T20 Challenge, means Cricket Australia and the England ...
Women's cricket set for a surge with inaugural IPL, U19 T20 World Cup
Women's cricket set for a surge with inaugural IPL, U19 T20 World Cup
Source: IANS
25/12/2022 1:33:57 PM
India-United Kingdom ties hinge on a Free Trade Agreement in 2023 India and the UK have had a Strategic Partnership since 2004; but this is yet to realise its full potential. Meanwhile, the ties presently hinge on a Free Trade Agreement (FTA). This was supposed to be announced before Diwali, but will now probably happen in 2023. David Cameron as Britain's Prime Minister between 2010 and 2016 greatly desired enhancing relations with India to a "special relationship" - a term applied by London only to the deep understanding with the United St...
India-United Kingdom ties hinge on a Free Trade Agreement in 2023
India-United Kingdom ties hinge on a Free Trade Agreement in 2023
Source: IANS
25/12/2022 10:40:15 AM
YEAREND INTERVIEW: Chandrayaan-3, Sun Mission & more: Busy 2023 awaits Indian Space Research Organisation The year ahead will be significant for the Indian Space Research Organisation (ISRO) in particular and for the space sector, says S. Somanath, chairman of the country's premier space agency, and Secretary, Space, Government of India. The Indian space agency is looking at couple of major space missions, like the Mission to the Moon (Chandrayaan-3); test flights and unmanned flight of rocket for human space mission Gaganyaan; launch of Aditya L1 satellite or the Sun Mission; the Indo-US ...
YEAREND INTERVIEW: Chandrayaan-3, Sun Mission & more: Busy 2023 awaits Indian Space Research Organisation
YEAREND INTERVIEW: Chandrayaan-3, Sun Mission & more: Busy 2023 awaits Indian Space Research Organisation
Source: IANS
25/12/2022 10:20:08 AM
Cutting trade ties with China would amount to sacrificing India`s potential economic growth: Arvind Panagariya Amid demands for snapping trade ties with China for its transgressions on the border, former Niti Aayog Vice Chairman Arvind Panagariya has opined that cutting trade with Beijing at this juncture would amount to sacrificing India's potential economic growth. Instead, he suggested that India should try to enter into free trade agreements (FTA) with countries such as the UK and the European Union to expand its trade. Panagariya said ‘engaging China in a trade war at this juncture w...
Cutting trade ties with China would amount to sacrificing India`s potential economic growth: Arvind Panagariya
Cutting trade ties with China would amount to sacrificing India`s potential economic growth: Arvind Panagariya
Source: Accord Fintech
23/12/2022 12:51:12 PM
Italy`s greenhouse gas emissions rising despite lower energy use Italy's greenhouse gas emissions are rising despite lower energy consumption, reflecting a move toward high-emissions energy sources. According to a report released on Wednesday by Italy's National Agency for New Technology, Energy, and Sustainable Economic Development (ENEA), total energy usage in Italy is expected to drop nearly 1.5 per cent this year compared to 2021 levels. Nevertheless, greenhouse gas emissions are expected to rise by nearly 8 per cent by the end of the year. ...
Italy`s greenhouse gas emissions rising despite lower energy use
Italy`s greenhouse gas emissions rising despite lower energy use
Source: IANS
22/12/2022 12:22:05 PM
Talbros Automotive Components gains as its JV receives multi-year order worth Rs 150 crore Talbros Automotive Components is currently trading at Rs. 547.65, up by 4.85 points or 0.89% from its previous closing of Rs. 542.80 on the BSE. The scrip opened at Rs. 555.70 and has touched a high and low of Rs. 573.90 and Rs. 543.70 respectively. So far 3037 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 654.90 on 18-Jan-2022 and a 52 week low of Rs. 364.20 on 30-Dec-2021. Last one week high and low of the ...
Talbros Automotive Components gains as its JV receives multi-year order worth Rs 150 crore
Talbros Automotive Components gains as its JV receives multi-year order worth Rs 150 crore
Source: Accord Fintech
22/12/2022 10:47:52 AM
Agritech startup Carnot Technologies empowering farmers to make effective data driven decisions As the Indian agriculture sector adopts new-age technologies and telematics to improve crop yield, agritech startup Carnot Technologies is empowering farmers to take data driven decisions and earn up to 30 per cent more. Operating in several states, Carnot, which is backed by Mahindra Group, gets farm area close to 1.5 million acres every season on its platform, which is only growing. According to Pushkar Limaye, Co-Founder and CTO at Carnot, they are on a mission to help improve farmer...
Agritech startup Carnot Technologies empowering farmers to make effective data driven decisions
Agritech startup Carnot Technologies empowering farmers to make effective data driven decisions
Source: IANS
22/12/2022 10:43:23 AM
Yen rises, underpinned by BOJ policy tweak; dollar retreats The yen firmed on Thursday, returning towards a four-month peak against the dollar hit earlier in the week after the Bank of Japan's surprise tweak to its bond yield control spurred bullish yen bets, while the dollar moved broadly lower. The yen rose about 0.5% to 131.85 per dollar, after surging to a four-month high of 130.58 on Tuesday in the aftermath of the BOJ's decision to allow the 10-year bond yield to move 50 basis points either side of its 0% target, wider than the previo...
Yen rises, underpinned by BOJ policy tweak; dollar retreats
Yen rises, underpinned by BOJ policy tweak; dollar retreats
Source: Reuters
22/12/2022 8:58:57 AM
Stocks gain, dollar softens as peak inflation bets rise  The dollar softened against major currencies and European stocks ticked higher on Thursday as easing U.S. inflation expectations reinforced investor confidence of a let up in price pressures. The Japanese yen inched closer to the four-month peak it scaled against the dollar on Tuesday after a hawkish policy tweak by the Bank of Japan fuelled widespread bets that the most dovish central bank of 2022 would roll back monetary stimulus. Easing gas prices pulled U.S. consumer 12-month ...
Stocks gain, dollar softens as peak inflation bets rise
Stocks gain, dollar softens as peak inflation bets rise
Source: Reuters
22/12/2022 8:51:03 AM
Apparel exports rise by 11.7% to about 1.2 billion in November 2022: AEPC Chairman Naren Goenka Apparel Export Promotion Council (AEPC) Chairman Naren Goenka has said that apparel exports rose by 11.7 per cent to about 1.2 billion in November 2022 after declining for the last few months amid global challenges. He said that exports of ready-made garments (RMG) from India witnessed a rough patch in the past few months since most of the traditional markets such as the UK, the EU and the US have been witnessing recession and global headwinds, leading to falling demand in these countries. ...
Apparel exports rise by 11.7% to about 1.2 billion in November 2022: AEPC Chairman Naren Goenka
Apparel exports rise by 11.7% to about 1.2 billion in November 2022: AEPC Chairman Naren Goenka
Source: Accord Fintech
19/12/2022 12:17:53 PM
India Week 2023: Reimagining India-UK futures together after FTA deal As the UK and India reach the closing stages of agreeing on a bilateral Free Trade Agreement, global advisory firm EPG is hosting its annual get-together of change-makers, policy and business leaders for high-level discussions on pertinent topics, called “India Week 2023”.   EPG’s India Week seeks to celebrate these trends, across several special events on 7-12 May 2023 in Leicestershire, Oxford and London.   A Free Trade Agreement between India and the...
India Week 2023: Reimagining India-UK futures together after FTA deal
India Week 2023: Reimagining India-UK futures together after FTA deal
Source: PR Agency
17/12/2022 5:42:08 PM
Central banks in Europe join US Fed in slowing down pace of interest rate hikes Central banks in Europe joined the US Federal Reserve in slowing down the pace of interest rate hikes as decades-high inflation shows signs of easing, media reports said. The Bank of England and the European Central Bank both hiked rates by half a percentage point on Thursday in their final meetings of the year. Previously, they had gone with increases of three-quarters of a percentage point. But they insisted that the fight to tame inflation isn't over, despite the risk that furthe...
Central banks in Europe join US Fed in slowing down pace of interest rate hikes
Central banks in Europe join US Fed in slowing down pace of interest rate hikes
Source: IANS
16/12/2022 10:11:21 AM
India would achieve $100 billion export target from textile sector by 2030: Piyush Goyal Union minister Piyush Goyal has said that huge opportunities are there in the textiles segment and the country would achieve $100 billion export target from the sector by 2030. He said that free trade agreements will further help boost textile exports. The country's textile exports were at a record of $44.4 billion in 2021-22. Goyal said ‘in the textiles sector, a margin of 4 per cent or 5 per cent is important to become competitive and in the free trade agreement we are insistin...
India would achieve $100 billion export target from textile sector by 2030: Piyush Goyal
India would achieve $100 billion export target from textile sector by 2030: Piyush Goyal
Source: Accord Fintech
15/12/2022 2:01:01 PM
Vertex, Encirc sign major low carbon hydrogen supply agreement to deliver Net Zero glass Vertex Hydrogen has announced the signing of a 'Heads of Terms' offtake agreement for 300plus megawatts of low carbon hydrogen with Encirc. Encirc, part of the Vidrala Group, is a leading container glass manufacturer - responsible for approximately a third of the containers made for the UK and Republic of Ireland markets - around 3 billion each year. Encirc has announced its plan to build a new ultra-low carbon furnace on its Cheshire site. The furnace will be fuelled by an ener...
Vertex, Encirc sign major low carbon hydrogen supply agreement to deliver Net Zero glass
Vertex, Encirc sign major low carbon hydrogen supply agreement to deliver Net Zero glass
Source: IANS
15/12/2022 10:36:37 AM
Piyush Goyal , UK Trade Secretary discuss resumption of FTA negotiations Commerce and Industry Minister Piyush Goyal on Tuesday held discussions with his UK counterpart Kemi Badenoch on free trade agreement (FTA) negotiations. UK Trade Secretary Badenoch is in India to restart the India-UK FTA negotiations, which got stalled in July this year. The negotiations would aim to cut tariffs and facilitate financial and legal services by the UK in India. Badenoch will also meet business leaders to seek their feedback regarding the trade pact. Meanwhile both G...
Piyush Goyal , UK Trade Secretary discuss resumption of FTA negotiations
Piyush Goyal , UK Trade Secretary discuss resumption of FTA negotiations
Source: IANS
14/12/2022 9:56:20 AM
Apple`s Emergency SOS via satellite service now available in UK, France, Germany, Ireland Apple on Tuesday announced that its safety service Emergency SOS via satellite is now available to customers in France, Germany, Ireland, and the UK. Available on all iPhone 14 models, the technology enables users to message with emergency services while outside of cellular and Wi-Fi coverage. Additionally, if users want to reassure friends and family of their whereabouts while travelling off the grid, they can now open the Find My app and share their location via satellite, the company...
Apple`s Emergency SOS via satellite service now available in UK, France, Germany, Ireland
Apple`s Emergency SOS via satellite service now available in UK, France, Germany, Ireland
Source: IANS
13/12/2022 5:09:25 PM
Tata Motor trades higher on the BSE Tata Motors is currently trading at Rs. 419.30, up by 5.20 points or 1.26% from its previous closing of Rs. 414.10 on the BSE. The scrip opened at Rs. 419.50 and has touched a high and low of Rs. 421.30 and Rs. 417.30 respectively. So far 152613 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 528.35 on 18-Jan-2022 and a 52 week low of Rs. 366.05 on 12-May-2022. Last one week high and low of the scrip stood at Rs...
Tata Motor trades higher on the BSE
Tata Motor trades higher on the BSE
Source: Accord Fintech
13/12/2022 11:55:21 AM
United Kingdom trade secretary in Delhi today to discuss Free Trade Agreement Britain Trade Secretary Kemi Badenoch will be in New Delhi from Monday for the sixth round of Free Trade Agreement (FTA) negotiations between the UK and India. Badenoch will meet her counterpart, Indian Minister of Commerce and Industry Piyush Goyal, in person for the first time, aiming to strengthen ties between the two countries and reinvigorate talks on an ambitious bilateral trade deal. She will address both teams of senior negotiators ahead of the sixth round of formal negotiations...
United Kingdom trade secretary in Delhi today to discuss Free Trade Agreement
United Kingdom trade secretary in Delhi today to discuss Free Trade Agreement
Source: IANS
12/12/2022 11:00:16 AM
Instant grocery delivery app Getir acquires rival Gorillas for $1.2 bn Quick grocery delivery platform Getir has announced that it is acquiring its German rival platform Gorillas in a deal that has been reported to be around $1.2 billion. The Financial Times first reported that Getir has closed the acquisition of its competitor. "Markets go up and down, but consumers love our service and convenience is here to stay. The super fast grocery delivery industry will steadily grow for many years to come and Getir will lead this category it created 7 years a...
Instant grocery delivery app Getir acquires rival Gorillas for $1.2 bn
Instant grocery delivery app Getir acquires rival Gorillas for $1.2 bn
Source: IANS
10/12/2022 11:23:36 AM
OneWeb deploys 40 satellites launched by Elon Musk`s SpaceX OneWeb on Friday confirmed the successful deployment of 40 satellites launched by Elon Musk-run SpaceX's Falcon 9 rocket, from the Kennedy Space Centre in the US. This launch is OneWeb's 15th to date and the second since resuming its campaign with a successful launch from India in October, putting the company on track to deliver global coverage in 2023. ""We are thankful for the support of other leaders in the space industry allowing us to quickly restart our launch ca...
OneWeb deploys 40 satellites launched by Elon Musk`s SpaceX
OneWeb deploys 40 satellites launched by Elon Musk`s SpaceX
Source: IANS
10/12/2022 10:48:22 AM