Rolls-Royce, Airbus pen deal with Air India for 250 planes in boost for UK manufacturing Flying high Rolls-Royce and Airbus have signed multi-billion pound deal to build 250 new planes for Air India, which is set to create hundreds of new jobs in the UK. The wings will be designed in Filton and assembled in Broughton, creating 450 manufacturing jobs and bringing in more than than £100m of investment to Wales. Meanwhile, [...]
BBC ‘fully co-operating’ as offices raided by India tax officials after documentary on PM Narendra Modi BBC Officials from India’s Income Tax department began conducting searches on Tuesday at the BBC’s offices in the capital, New Delhi. It comes weeks after the British broadcaster released a controversial documentary that examined prime minister Narendra Modi’s role during 2002 anti-Muslim riots. Teams from the tax department surveyed the BBC’s Delhi and Mumbai offices, the [...]
IPL Auction: England’s Sam Curran becomes most expensive player in history at £1.95m bIG PAY DAY England all-rounder Sam Curran has become the most expensive player in the history of the Indian Premier League (IPL) auction after Punjab Kings paid almost £2million for his services. Curran’s stock has never been higher after he starred in England’s T20 World Cup triumph in Australia last month, picking up the player of the tournament [...]
No Brexit karma in Delhi: Whisky and visas increasingly complicate £27bn trade deal between UK and India October 18, 2022 The 24 October deadline set by Boris Johnson for finalising the UK–India trade deal will be missed after both parties have hit a roadblock in discussions. Although a detailed reason hasn’t been given by both sides, sticking points include a steep import duty on British whisky for sale in India, and demands for more visas for [...]
Post-Brexit deal with India could be derailed over Braverman’s ‘disrespectful’ migrant comments October 12, 2022 Home Secretary Suella Braverman’s claim that Indian migrants are the largest group who “overstay” their welcome in the UK could derail Britain’s post-Brexit trade deal with New Delhi. Indian ministers are said to be furious with her remarks as the agreement is reportedly “on the verge of collapse”. She aired concerns about the deal last [...]
‘The law of Karma works’: India overtakes former ruler Britain as fifth biggest economy September 5, 2022 India has overtaken its former ruler Britain to become the world’s fifth largest economy. A billionaire tycoon said the news shows the “the law of Karma works”, after the International Monetary Fund made the announcement this week. India’s economy grew seven per cent in the last three months, according to calculations based on US dollars, [...]
Total Energies takes stake in Indian renewable specialist to back giant green hydrogen project June 14, 2022 French energy major TotalEnergies (Total) will buy a 25 per cent stake in ANIL to develop the world's biggest hydrogen ecosystem.
World Bank slashes global growth forecast after warning the world is teetering on the edge of ‘stagflation’ June 7, 2022 THE WORLD Bank yesterday slashed its forecast for global growth this year by more than 1 per cent due to increasing inflation and the economic after-effects of Russia’s invasion of Ukraine. The body had anticipated global growth of 4.1 per cent at its last update in January, but cut that in an announcement yesterday to [...]
Feature: Big Tech’s big bet on India June 1, 2022 Alphabet has given the Indian market another vote of confidence this week, reportedly pumping fresh capital into Mohalla Tech, the parent firm behind short-video platform Moj and regional social network ShareChat. Though the companies are yet to confirm the $300m funding round, which is expected to take Mohalla’s value to a whopping $5bn, the reports [...]
Boris Johnson’s disastrous India trip: Little progress on trade deal, partygate rows, Tory donor bulldozers and Modi stays close to Putin April 23, 2022 Boris Johnson today indicated at a press conference in India that he did not try to encourage the country’s prime minister, Narendra Modi, to go further in dropping India’s neutrality over the Russian President’s invasion of Ukraine. Also, Johnson’s two-day trip was dogged by questions over the deepening partygate scandal, with a Tory rebellion leading [...]