The latest Confederation of Business Industry (CBI) and Ernst & Young Sterling Access’ report, which examines trade between the UK and India, found that despite trade disruptions caused by the COVID-19 pandemic, British firms from April to June this year continued to invest around GBP 140 million in
Tag: Business
Last Sikh queen’s jewellery collection sold at UK auction house Bonhams’ event
Jewels that once belonged to Maharani Jindan Kaur, the last wife of Sikh Empire ruler Maharaja Ranjit Singh, and which were later inherited by her granddaughter, Princess Bamba Sutherland, were among the highlights of an auction in London.
UK firms say it is easier to do business in India now: Survey
A survey revealed that nearly two-thirds of United Kingdom-based businesses operating in India believe it is getting easier to do business in the country, owing to progressive reforms and improvements in the availability of support and service providers, skilled labour, and supply chain.
US court asks ISRO’s commercial arm to pay USD 1.2 bn to Bengaluru startup
A United States court has asked Antrix Corporation, the commercial arm of the Indian Space Research Organisation (ISRO), to pay compensation of USD 1.2 billion to a Bengaluru-based startup Devas Multimedia for cancelling a satellite deal in 2005.
INR 3,600 crore recovered from Mallya so far, SBI-led banks’ consortium tells Supreme Court of India
The State Bank of India (SBI)-led consortium of banks has told the Supreme Court of India that around INR 3,600 crore had been recovered from fugitive businessman Vijay Mallya so far.
Pramod Mittal, brother of UK steel tycoon Laxmi Mittal, claims losses of GBP 2.5 bn in bankruptcy
Industrialist Pramod Mittal, the younger brother of UK-based steel magnate Lakshmi Mittal, has claimed that he owes GBP 2.5 billion pounds. This would make him Britain’s biggest bankrupt.
Indian minister Piyush Goyal calls on US firms to invest in India at business summit
Commerce and Industry Minister Piyush Goyal has called upon American businesses to look at India as their next investment destination.
Indian-origin brothers acquire majority stake in UK supermarket chain
Indian-origin billionaire brothers Mohsin and Zuber Issa announced plans to acquire a majority stake in the leading UK supermarket chain Asda from its US owner Walmart.
British-Indian economics researcher joins expert post-Brexit trade panel
A London-based Indian-origin economics professor has been appointed to a new expert panel set up by the UK government to advise on the use of “cutting-edge” trade models and techniques as it moves towards clinching post-Brexit Free Trade Agreements (FTAs) with countries.
Indian-Americans raise USD 3.3 mn in fundraiser for Joe Biden
Indian-Americans reportedly raised over USD 3.3 million in a single night for Democratic presidential candidate Joe Biden.
