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India-UK free trade pact talks to resume by Jan-end, Indian government source says  India and Britain will resume their talks on a free trade agreement by the end of January, an Indian government source told Reuters on Thursday. The countries have held start-stop talks over the agreement for two years. British Prime Minister Keir Starmer's office had said last month that talks would be restarted in the "new year". (This story has been corrected to change attribution to a source, not sources, in the headline and paragraph 1)
India-UK free trade pact talks to resume by Jan-end, Indian government source says
India-UK free trade pact talks to resume by Jan-end, Indian government source says
Source: Reuters
2024-12-12 03:31:57 pm
UK`s Vodafone to sell remaining 3% stake in India`s Indus Towers Vodafone Group will sell its remaining 3% stake in Indian telecom infrastructure developer Indus Towers, the British telecom group said on Wednesday. The British firm said it has launched a placing of its remaining 79.2 million shares in Indus Towers through an accelerated book build offering. The FTSE 100 company also said the proceeds from the placing will be used firstly to repay Vodafone's outstanding borrowings of $101 million, which was secured against its Indian assets. ...
UK`s Vodafone to sell remaining 3% stake in India`s Indus Towers
UK`s Vodafone to sell remaining 3% stake in India`s Indus Towers
Source: Reuters
2024-12-05 09:04:44 am
India, UK need to collaborate in AI, tele-medicine, agri tech: Piyush Goyal India and the UK have the potential to further collaborate in the fields like artificial intelligence (AI), tele-medicine, climate modelling and agri-tech to improve the lives of millions of people in both the countries, Union Commerce and Industry Minister, Piyush Goyal, said on Wednesday.  Addressing an event by the UK India Business Council (UKIBC) in the national capital, the minister highlighted range of areas where the bilateral partnership can drive not just economic growth and...
India, UK need to collaborate in AI, tele-medicine, agri tech: Piyush Goyal
India, UK need to collaborate in AI, tele-medicine, agri tech: Piyush Goyal
Source: IANS
2024-11-27 02:08:22 pm
Madhya Pradesh CM in UK to woo investors thanks High Commission, diaspora for support Madhya Pradesh Chief Minister Mohan Yadav, who embarked on a six-day foreign visit to attract foreign investments from the UK and Germany, sought the Indian High Commission's support for the Global Investors Summit (GIS) scheduled in Bhopal in February next year, an official said on Monday.  Expressing gratitude for a warm welcome, Yadav hailed Vikram Doraiswami, High Commissioner of India to the UK, and the Indian diaspora on Sunday for supporting his efforts. He said that one...
Madhya Pradesh CM in UK to woo investors thanks High Commission, diaspora for support
Madhya Pradesh CM in UK to woo investors thanks High Commission, diaspora for support
Source: IANS
2024-11-25 02:26:08 pm
UK to increase energy price cap by 1.2 per cent The United Kingdom's (UK) energy price cap is set to increase by 1.2 per cent from January to March 2025, the UK's energy regulator announced on Friday.  This adjustment is expected to add approximately 21 pounds (26 US dollars) annually, or 1.75 pounds monthly, to the average household energy bill, said the Office of Gas and Electricity Markets (Ofgem). For households paying by Direct Debit for dual fuel, the new cap equates to an annual rate of 1,738 pounds. This figure r...
UK to increase energy price cap by 1.2 per cent
UK to increase energy price cap by 1.2 per cent
Source: IANS
2024-11-23 09:33:25 am
India, UK likely to hold next round of talks on proposed trade agreement in October: Sunil Barthwal Commerce Secretary Sunil Barthwal has said that India and the UK are expected to hold the next round of talks for a proposed free trade agreement in October to resolve the pending issues and close the negotiations. He said the officials of the UK are briefing their new ministers about the proposed free trade agreement (FTA). The two sides have already taken stock of the progress of talks at secretary and minister levels. He stated ‘The briefings are going on in the UK...they are brie...
India, UK likely to hold next round of talks on proposed trade agreement in October: Sunil Barthwal
India, UK likely to hold next round of talks on proposed trade agreement in October: Sunil Barthwal
Source: Accord Fintech
2024-09-18 10:14:50 am
`Made in Varanasi` badges for US, UK militaries, GI tags post 2014 boosted businesses The success story of Varanasi made badges is a moment to celebrate, as they shine bright on the uniforms of foreign militaries in countries like the US, UK, Germany, France and more.  Local artisans, who have been engaged in the business for generations, recall the ups and downs of the enterprise and state that the GI certification in 2014 turned out to be a game changer for the fraternity. Lallapura is one of the key centres in Varanasi, where more than 125 artisans put in long ho...
`Made in Varanasi` badges for US, UK militaries, GI tags post 2014 boosted businesses
`Made in Varanasi` badges for US, UK militaries, GI tags post 2014 boosted businesses
Source: IANS
2024-09-07 04:00:45 pm
Google brings 'AI Overviews’ to India with country-first features Tech giant Google on Thursday announced to bring its 'AI Overviews’ feature to six new countries, including India.  In India, the company is rolling out the ‘AI Overviews’ in English and Hindi and are also introducing popular country-first features that were well-received during its Search Labs experiment. “It will help you easily switch between English and Hindi results with the language toggle button, and listen to responses with Text-To-Speech by tapp...
Google brings 'AI Overviews’ to India with country-first features
Google brings 'AI Overviews’ to India with country-first features
Source: IANS
2024-08-16 09:07:57 am
UK provides $17.3 million to protect Tata Steel's Port Talbot workers Britain will grant 13.5 million pounds ($17.31 million) in funding to support Tata Steel's workers and supply chain businesses at Port Talbot in South Wales facing job losses, the government said on Thursday. Workers suspended a planned all-out strike after Britain's biggest steel producer warned that it would bring forward the planned closure of its two blast furnaces at Port Talbot if the walkouts went ahead. The closure would cut up to 2,800 jobs. "Negotiations with Tata...
UK provides $17.3 million to protect Tata Steel's Port Talbot workers
UK provides $17.3 million to protect Tata Steel's Port Talbot workers
Source: Reuters
2024-08-15 12:11:08 pm
Bank of England cuts interest rate to 5 percent The Bank of England (BoE) has voted to cut its benchmark interest rate to five per cent, the United Kingdom's (UK) central bank said in a statement on Thursday.  At a meeting on Wednesday, the BoE's Monetary Policy Committee (MPC) voted by a majority of 5-4 to reduce the interest rate by 0.25 per cent points, to 5 per cent, Xinhua news agency reported. Four members preferred to maintain the rate at 5.25 per cent. This is BoE's first rate cut in four years.
Bank of England cuts interest rate to 5 percent
Bank of England cuts interest rate to 5 percent
Source: IANS
2024-08-01 05:42:58 pm
India emerging superpower of 21st century: UK Foreign Secretary Stressing that India is the emerging superpower of the 21st century, UK Foreign Secretary David Lammy on Wednesday said they have shared interests on topics like green transition, new technologies, economic security, and global security.  During a visit to the global technology company HCLTech’s headquarters in Noida, Lammy met the company’s Chairperson Roshni Nadar Malhotra and visited one of the innovation labs on the campus. "I am travelling to India in my first...
India emerging superpower of 21st century: UK Foreign Secretary
India emerging superpower of 21st century: UK Foreign Secretary
Source: IANS
2024-07-24 05:20:59 pm
UK's Haleon to sell nicotine replacement therapy biz outside US to Dr Reddy's for $632 mn UK-based consumer healthcare company Haleon on Wednesday announced that it has entered into an agreement to sell its nicotine replacement therapy (NRT) business outside of the US to Dr Reddy's Laboratories SA for 500 million pounds (about $632.55 million).   This portfolio consists of brands including Nicotinell, Nicabate, Habitrol and Thrive available in gum, lozenge, and patch forms across over 30 markets, the company said. "The divestment of Haleon’s NRT business ...
UK's Haleon to sell nicotine replacement therapy biz outside US to Dr Reddy's for $632 mn
UK's Haleon to sell nicotine replacement therapy biz outside US to Dr Reddy's for $632 mn
Source: IANS
2024-06-27 10:04:58 am
India's pharma exports clock double-digit growth amid surging demand in US, UK India’s pharmaceutical exports continue to register double-digit growth, reflecting the strong demand for the country’s affordable generic medicines in global markets led by the USA and UK.  India’s pharma exports grew by 10.45 per cent in May this year to touch the $2.3 billion mark compared with the $2.08 billion in the same month of the previous financial year. “It is moving in a positive way and we are optimistic of sustaining growth of not less than 10 ...
India's pharma exports clock double-digit growth amid surging demand in US, UK
India's pharma exports clock double-digit growth amid surging demand in US, UK
Source: IANS
2024-06-18 01:39:49 pm
UK Faces Economic Downturn as Bank of England Predicts Recession Before General Election by Amit Gupta, Kedia Advisory The Bank of England is expected to downgrade UK economic growth forecasts, raising the risk of a recession ahead of the next general election. Prime Minister Rishi Sunak's government grapples with falling popularity, and efforts to stimulate growth through expenditure cuts face challenges. The focus is on the Monetary Policy Committee's projections, with interest rates likely to remain at 5.25%. Rising inflation, potential rate cuts, and political pressure complicate economic recovery...
UK Faces Economic Downturn as Bank of England Predicts Recession Before General Election by Amit Gupta, Kedia Advisory
UK Faces Economic Downturn as Bank of England Predicts Recession Before General Election by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2023-10-30 09:35:58 am
AKI India touches roof on entering into joint venture arrangement with NPS Shoes AKI India is currently trading at upper limit of Rs. 16.38, up by 0.32 points or 1.99% from its previous closing of Rs. 16.06 on the BSE.The scrip opened at Rs. 16.38 and has touched a high and low of Rs. 16.38 and Rs. 16.38 respectively. So far 15452 shares were traded on the counter.The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 24.44 on 19-Apr-2023 and a 52 week low of Rs. 10.55 on 03-Oct-2023.Last one week high and low of the scrip stood at Rs. 16.38 and Rs....
AKI India touches roof on entering into joint venture arrangement with NPS Shoes
AKI India touches roof on entering into joint venture arrangement with NPS Shoes
Source: Accord Fintech
2023-10-18 12:11:17 pm
Tata Steel, UK government sign pact for 1.25bn pounds lifeline to Port Talbot plant Tata Steel and the UK government on Friday announced a joint agreement on a proposal to invest 1.25 billion pounds in state-of-the-art Electric Arc Furnace steelmaking at the Port Talbot site in Britain. The investment includes a grant of 500 million pounds from the UK government.The project will bolster UK's steel security and it will be the first major step towards decarbonisation of the local steel industry, reducing direct emissions by 50 million tonnes over a decade.Tata Group Chairman N...
Tata Steel, UK government sign pact for 1.25bn pounds lifeline to Port Talbot plant
Tata Steel, UK government sign pact for 1.25bn pounds lifeline to Port Talbot plant
Source: IANS
2023-09-16 08:55:36am
Tata Motors moves up as its arm launches all-new Nexon.ev Tata Motors is currently trading at Rs. 634.80, up by 10.45 points or 1.67% from its previous closing of Rs. 624.35 on the BSE.The scrip opened at Rs. 628.90 and has touched a high and low of Rs. 636.45 and Rs. 627.60 respectively. So far 229906 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 665.30 on 26-Jul-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022.Last one week high and low of the scrip stood at Rs. 639.75 and Rs. 61...
Tata Motors moves up as its arm launches all-new Nexon.ev
Tata Motors moves up as its arm launches all-new Nexon.ev
Source: Accord Fintech
2023-09-15 11:15:13am
India, UK announce Infrastructure Financing Bridge India and UK on Monday announced the launch of the Infrastructure Financing Bridge during 12th Economic and Financial Dialogue (EFD), a collaborative initiative which signifies the continuing commitment of both nations to work in close cooperation towards unlocking substantial infrastructure investment opportunities in India.A joint statement issued by Finance Minister Nirmala Sitharaman and UK's Chancellor of the Exchequer Jeremy Hunt after the EFD, said that the UK has a lot to offer in the...
India, UK announce Infrastructure Financing Bridge
India, UK announce Infrastructure Financing Bridge
Source: IANS
2023-09-12 10:37:40am
Tata Motors soars on delivering 181 Winger veterinary vans to Government of Odisha Tata Motors is currently trading at Rs. 633.95, up by 6.80 points or 1.08% from its previous closing of Rs. 627.15 on the BSE.The scrip opened at Rs. 632.55 and has touched a high and low of Rs. 635.55 and Rs. 630.50 respectively. So far 204350 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 665.30 on 26-Jul-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022.Last one week high and low of the scrip stood at Rs. 635.55 and Rs. 605...
Tata Motors soars on delivering 181 Winger veterinary vans to Government of Odisha
Tata Motors soars on delivering 181 Winger veterinary vans to Government of Odisha
Source: Accord Fintech
2023-09-11 11:24:58am