Page 7 - Uk

NRIs from UK, US investing in large housing units in India: Realtors

NRIs based in the US, the UK and Singapore are investing in larger housing units in their hometowns, having learned from the painful experience of living in space-tight units during the lockdown in India, and as the Work from Home (WFH) mode has become a requirement, according to experts. The real estate experts, who took part in a Singapore property show held from November 19 to 20, also said that the Non Resident Indians are also settling down with extended families, another lesson from the pandemic that living together with family members is much helpful in facing another COVID-19 wave type development in the future. There has been a paradigm shift in the residential market in terms of living and lifestyle, said Isha Kotwal, head of international sales at Total Environment, Bangalore, who presented a sustainable residential development concept at the show. Chetan Sharma, senior general manager for sales and market at Emami Realty Ltd, a pan-India property firm of Emami Group, sai

Nirav Modi seeks permission to appeal extradition in UK top court

Fugitive diamond merchant Nirav Modi has filed an application in the High Court in London, seeking permission to appeal against his extradition order in the Supreme Court. The 51-year-old diamantaire lost an appeal on mental health grounds earlier this month, when a two-judge High Court bench ruled that his risk of suicide was not such that it would be either unjust or oppressive to extradite him to India to face charges of fraud and money laundering in the estimated USD 2 billion Punjab National Bank (PNB) loan scam case. Nirav, who remains behind bars at Wandsworth Prison in London, had two weeks to file an application seeking an appeal on the grounds of a point of law of general public importance, which according to experts is a high threshold that is not met very often. It is unknown if and when extradition may take place as Nirav Modi still has legal challenges open to him, UK Home Office sources said. The Crown Prosecution Service (CPS), acting on behalf of the Indian ...

UK watchdog to investigate Apple, Google mobile browser dominance

Britain's competition watchdog on Tuesday launched an in-depth investigation into the dominance of the mobile browsers of Apple and Google

India-UK trade pact high priority; next round of talks slated in Dec: Goyal

The proposed free trade agreement (FTA) between India and the UK is a high priority for both the countries and the next round of negotiations for the pact is slated to happen next month, commerce and industry minister Piyush Goyal said on Tuesday. He said that things are progressing well and it will yield good results. "We are all very well aware that it was progressing very fast until we had a little bit of a blip because of political happenings in the other country. Fortunately, we have a stable government. I believe in office now (in the UK) and I am already in touch with my (UK) counterpart. We are working together to possibly have an in person meeting also very soon but our teams are already engaged. Next month, the next round of negotiations are slated to happen," Goyal said here at a steel industry event. He said that industry support is required for the agreement and it should be a fair, equitable and balanced FTA. He also said that there should not be any strict timelines

UK starting to have second thoughts about Brexit as economy faces recession

More than six years after voting to leave the European Union, the UK is facing a prolonged recession and a deep cost-of-living crisis

Huge impact of CAs on businesses can save the world: Julia Penny of ICAEW

In a Q&A, the head of the apex body of chartered accountants in the UK discusses the challenge of sustainability and other issues her tribe faces across the globe

Personal data protection Bill may lead to UK, EU data adequacy deals

Under the new draft DPRP bill put out for public consultation, the government has proposed free cross-border flow of data with "friendly" nations, significantly easing its earlier stance

RBI-ESMA logjam: Banks turn to EU, UK regulators over trade impact concerns

Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets

UK finance ministery hits wealthy with higher taxes in £55 billion squeeze

British Finance Minister Jeremy Hunt announced a string of tax increases and tighter public spending in a budget plan on Thursday

38 years on, UK's Labour MPs drum up support for Bhopal gas tragedy victims

'Known as the greatest industrial disaster in history, the tragedy struck 38 years ago when over half-a-million people were exposed to 40 tonnes of methyl isocyanate gas'

Time to invest in Indian, South Asian languages: UK MP Gareth Thomas

According to the UK's Department of Education, there were no students taking Hindi GCSE from 2019 to 2022, whereas in 2015, 19 students had sat for this exam

Rishi Sunak won't sacrifice quality for speed on UK-India trade deal

Britain has completed most of the sections of a free trade agreement with India, Trade Minister Greg Hands said last month.

Pak PM Shehbaz Sharif tests positive for Covid-19 after returning from UK

Pakistan Prime Minister Shehbaz Sharif tested postive for COVID-19, a day after returning from his trip to the UK, Information Minister Marriyum Aurangzeb said on Tuesday. Shehbaz, 71, returned to Pakistan on Monday after taking a detour to London from the COP27 climate conference in Egypt to visit his elder brother Nawaz Sharif. In a tweet, Aurangzeb said the premier was feeling unwell for the past two days and took a COVID-19 test on Tuesday on the doctor's advice, which returned positive. She appealed to the nation and to PML-N workers to pray for Prime Minister Shehbaz's speedy recovery. This is the third time the premier has tested positive for the virus, after having previously contracted COVID-19 earlier this year in January and in June 2020.

Deal activity has spiked in India despite global issues: Goldman Sachs MDs

In a Q&A, Rajat Sood and Som Krishna say their company isn't absolutely return-focused, but is a relative value investor that is looking out for bogh buyouts and minority stakes

United Kingdom, India need each other now more than ever: Boris Johnson

Ties between the United Kingdom and India will remain on a "phenomenal upward trajectory" under Indian-origin UK Prime Minister Rishi Sunak, that country's former premier Boris Johnson said on Saturday. The two countries need each other now more than ever as "we live in dangerous and turbulent times", he said. Johnson also called on the two countries to finalise a free trade agreement, saying he could not wait till next Diwali for it. "No mission that I have led has been as successful as the one in April this year when I arrived in Gujarat and was greeted like Sachin Tendulkar. There were pictures of me everywhere and literally thousands of people dancing on the streets," Johnson said in his address at the Hindustan Times Leadership Summit here. Noting that Prime Minister Narendra Modi and he had discussed the future of India-UK partnership during his India visit, Johnson said they had "fantastic talks" and there have been results. "India has become the number one supplier of over

Beijing's rise expected to bring UK's interest in Himalayan region: Report

'PRC has carried out measures to stem the flow of Tibetan refugees who come into Nepal by crossing the Himalayas'

Judgement a reminder that fugitives can't be considered above process: CBI

The High Court of London (United Kingdom) on Wednesday dismissed the appeal of Nirav Modi, who is wanted in India to face money laundering and fraud cases.

London high court rejects Nirav Modi's appeal against extradition

The High Court of Justice in London rejected an appeal filed by diamond merchant Nirav Modi on Wednesday against his extradition to India

How China is secretly headhunting foreign pilots to train its air force

The pilots being hired by China have experience flying across various branches of the military with varied jets, including Typhoons, Jaguars, Harriers, and Tornadoes

Food bills zoom as UK grocery inflation soars to record 14.7%: Report

The jump in prices means the average annual shop is set to rise by £682 ($782) even as consumers contend with rising energy bills as the weather gets colder