Britain Financial News

02.07 / 15:21
Citi Twitter Former British Civil Service head Lord Bob Kerslake passes away at 68
Home Civil Service, United Kingdom – Lord Bob Kerslake passed away recently, aged 68. His sister and daughter announced the passing on Twitter. The cause of death, as per the tweet, is said to be cancer.
02.07 / 15:21
BLOCK Fighting Joe Biden to travel to UK, NATO summit, Finland: White House
Joe Biden has scheduled a diplomatic trip to Europe this month with stops in the United Kingdom, at the NATO summit in Lithuania and for meetings in Finland, the White House said Sunday. Biden is set to depart July 9 for «engagements» with the UK's King Charles III and Prime Minister Rishi Sunak, the White House said in a statement.
02.07 / 13:43
COST Target Waters Modi government looted India more in nine years than Britishers did in 250 years, says Kejriwal
Kejriwal on Sunday alleged the amount of «loot» by the Narendra Modi government in the last nine years surpassed the loot of India committed by Britishers in 250 years during their rule. Addressing a public rally at Bilaspur in Chhattisgarh, where Assembly elections are due by this year-end, Kejriwal also targeted the Congress for «looting» the country over 75 years. He appealed to people to vote Aam Aadmi Party to power to rid Chhattisgarh of corruption.
02.07 / 10:11
UPS Provident Cooper Manufacturing Strategy Declining exports: Commerce ministry to meet exporters on Monday
commerce ministry has called a meeting of exporters on Monday to take stock of the situation, as the country's outbound shipments have been contracting for the last four months, an official said. Exporters are expected to flag issues like extending greater support to participate in global exhibitions and fairs; expediting negotiations to conclude free trade agreements with the UK, Canada, Israel and GCC (Gulf Cooperation Council); and allowing industry double weighted deduction on salary to professionals to retain talent in India.
02.07 / 06:33
UPS Man Career Chase Enterprise Deepak Parekh bids adieu: Why the man who built HDFC never owned more than 1% of it
HDFC Chairman Deepak Parekh, who has announced his retirement, is one of those who are penny wise — as well as pound wise. When Parekh was doing his articleship in London after studying accountancy, he planned to celebrate his 21st birthday with three friends. He prepared the budget for the party: two shillings and six pence for each of the three guests. Shilling was a British coin one-twentieth of a pound which was discontinued in 1971. A shilling had 12 pence. In today's rupee terms, it translates to nearly 12.5 rupees for each. He told them that they could have whatever they wanted within that budget. But when drinks started flowing, Parekh's meticulous budget all went awry. He ended up with a 'grand' bill of 13 shillings. His friends had to shell out the difference, and, till date, they hold him to ransom for that party. That value of frugality and that strict measure of money stayed forever with Parekh. Unlike his birthday party budget, his home mortgage business, which he joined nearly a decade later, never went awry. At 78, when he is retiring from HDFC, it is merging with its arm HDFC Bank, turning into a Rs 1,600 crore financial behemoth, the second biggest company by market cap in India after Reliance Industries and the fourth biggest bank in the world.
02.07 / 05:27
Canada News Canada’s citizenship numbers are rising. How many passed the test?
On Canada Day, more than a thousand people will be pledging their oath to the country as new Canadian citizens.
02.07 / 04:17
Provident Reuters Progressive Software Shell Dublin airport staff's pay and benefits compromised in cyberattack: report
cyberattack on professional service provider Aon, according to a report in the Sunday Times. DAA can confirm that as a result of a recent cyberattack on Aon, a third-party provider, data relating to some employees' pay and benefits were compromised, the report quoted DAA's spokesperson as saying.
02.07 / 04:17
UPS Citi Yellow Southern Monarch French riots an unwelcome, perilous crisis for Emmanuel Macron
The violence erupted just after Macron finally saw off half a year of protests over his controversial pension reform, which dominated the domestic agenda for most of this year. But the images of shops ransacked and buses burned across the country also risk hurting Macron's international standing at a time he wants to play an instrumental role in ending the Russian invasion of Ukraine and be seen as Europe's number one powerbroker.
01.07 / 23:27
COST UPS Ripple Waters Fallout Southern Macquarie The Thames Water crisis is rippling out towards Macquarie
London | The existential crisis engulfing Britain’s largest water utility, Thames Water, has thrown a powerful spotlight on one of the UK industry’s most high-profile players: Macquarie Group.
01.07 / 21:07
More than 7,000 B.C. port workers now on strike
As of 9 a.m. Saturday, more than 7,000 B.C.’s port workers are on strike.
01.07 / 19:57
COST Trading Places: Goldman axes Emea MDs, Jefferies nabs top Barclays dealmaker, White & Case’s global chair
Goldman Sachs cut 25 managing directors in Europe, the Middle East and Africa as part of a global cull of senior bankers, as the Wall Street firm strips out around $1bn in costs. The US bank's cuts in the region account for 20% of the 125 senior bankers that are leaving as part of Goldman's third round of redundancies in less than a year, according to people familiar with the matter.
01.07 / 18:39
Citizens Remark Continental Anthem independence day Independence Day 2023: Why is it celebrated on the Fourth of July in US?
United States, citizens will go all out on Tuesday to observe the Fourth of July, also known as Independence Day. This festive occasion is marked by grand fireworks displays, large outdoor gatherings for barbecues, and patriotic parades adorned with stars and stripes, taking place across the nation. But why is it celebrated on the Fourth of July in the US?
01.07 / 15:31
COST Citi Citizens Microsoft PINK Why today's NRIs reflect old-fashioned India more than urban resident Indians
NRI population has gotten so large, that sometimes it feels larger than the population of India itself. Land in any major city in the world, and all you'll see are Indian faces. Sometimes you can hear more Hindi on the streets of London, New York, Dubai and San Francisco than English.
01.07 / 12:45
UPS Citizens VISA Dreams Chase Immigration: Where in the world are Indians headed?
Now, with top economies seeking semi-skilled and skilled professionals to plug labour shortages, offering them extensive benefits and upgrading their standard of living, people's desire to migrate has reached an all-time high. Going by the numbers, Indians continue to chase the American dream with 7,88,284 of them relinquishing their citizenship in 2021, according to a Ministry of External Affairs data.
01.07 / 11:35
Parke Time park BST Hyde Park 2023: When will Blackpink perform on stage? Date, time, tickets
BST Hyde Park began in London on June 23 and has a star-studded line-up of artists for 2023. Among the main artists, this year are South Korean girl band Blackpink, who will be making their UK festival debut at BST. This is the tenth-anniversary edition of the BST Hyde Park festival. It takes place over weekends in June and July, with the 2023 weekend dates being June 23, 24, 25, and 30, and July 1, 2, 6, 7, 8, and 9.
01.07 / 11:27
COST Provident FIVE Everything you need to know about Stanford Reliance Dhirubhai Fellowship Program
Reliance Industries Limited, Stanford Reliance Dhirubhai Fellowship Program provides financial support to Indian students who wish to pursue an MBA degree at Stanford Business School. Five candidates are given this scholarship every year The grant covers fees of the MBA program they are going to pursue. The only condition of this grant is that the student must commit to come back to India and work here for at least two years once their program is over.Eligibility Criteria
01.07 / 11:27
Action Fighting RIO Crews-Dezurn vs Marshall: Fight details, where to watch, Undercard and predictions
Marshall, the British boxing sensation, is set to make her return to the ring this weekend in an electrifying showdown against Franchon Crews-Dezurn, the reigning undisputed super-middleweight champion. The 32-year-old Marshall, who suffered a defeat to Claressa Shields in October, is determined to claim the super-middleweight title and become a two-weight world champion. Marshall will square off against her American opponent at the AO Arena in Manchester, vowing to learn from her loss to Shields and deliver an improved performance. Interestingly, Crews-Dezurn, like Marshall, has experienced her sole defeat at the hands of Shields. Since then, the 35-year-old American has amassed an impressive record of eight victories, including two knockouts, but has not competed in over a year following her successful title defense against Elin Cederroos.
01.07 / 08:37
Lansdowne Cantonment Board proposes to rename town as Jaswantgarh
Lansdowne Cantonment Board has passed a proposal to rename Lansdowne town, a popular tourist spot in the Pauri district of Uttarakhand, as Jaswantgarh after the 1962 India-China war hero Jaswant Singh, sources said. A proposal to this effect was passed by the board earlier this week at a meeting chaired by its president Brigadier Vijay Mohan Chaudhary, they said.
01.07 / 08:15
Provident Target Citizens VISA Progressive Dreams Golden Visa US Golden Visa Process Explained: Best way to get Green Card to settle in America
‘Living in America,’ a 1985 song performed by James Brown, captures Americans’ pride in the country’s progress and prosperity at the time. Working and living in the United States has long been a dream cherished by several global citizens. And, Indians too are not behind in making the US their home. Although, there are many ways to get US citizenship, getting an EB-5 Visa is considered to be the fastest route to settle in America.
01.07 / 06:41
UPS Provident Waters Assurant Parke Highways UK-based firm plans to set up semiconductor unit in Odisha
semiconductor fabrication unit in Odisha's Ganjam district with an investment of Rs 30,000 crore in the first phase, officials said. The SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian unit of UK-based SRAM & MRAM Group, had signed a memorandum of understanding (MoU) with the state government on March 26 to set up the semiconductor unit in the state. After visiting some sites near Chhatrapur in the district, its Indian company officials headed by its chairman Guruji Kumaran Swami held a meeting with the district administration at Chhatrapur on Thursday.
01.07 / 02:27
UPS HSBC Shriram Finance eyes $150 million social loan, HSBC lead arranger
Shriram Finance, India's second-biggest standalone non-bank lender by advances, plans to raise at least $150 million through a social loan for which HSBC is the sole mandated lead arranger. The pricing of the loan, which has a tenor of three years, would be around 200 basis points above the Secured Overnight Financing Rate (SOFR), the UK-based bank told ET. One basis point is 0.01 percentage point.

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