THE recently signed Free Trade Agreement (FTA) between the UK and India means there will be even greater demand for Air India’s business class travel from Heathrow to Delhi and Mumbai.
But let me travel down memory lane for a little while.
I have on my table a little cup with the new Maharaja symbol. It’s the sort used to serve tea and coffee in business class. I assure readers it wasn’t pinched.
And in the kitchen I have one of Air India’s new salt and pepper dispensers designed in the shape of a traditional Indian tiffin box. That, too, I am happy to say, was gifted to me.
It is the Maharaja that takes me back many years to when I was 18 and had began to travel regularly on Air India. I still have some of the paper tickets which have become collectors’ items.
At university we had three eight-week terms and so I could spend pretty much six months of the year in Calcutta (now Kolkata). Instead of focusing on the laws of thermodynamics and quantum mechanics – I don’t recognise any of the maths in the books and files I have preserved – I worked alongside my late father on the English-language newspaper, the Amrita Bazar Patrika, where he happened to be the comment editor. Those were the days of hot metal.
The well-known Maharaja symbol has been modernised
Those were also the days of the legendary Maneck Dalal, who brought class and style as Air India’s regional editor in the UK. He had an office in the Air India building in New Bond Street. In the summer term, he would load up his white Mercedes with bottles of champagne for a party he hosted for members of the university’s India Society.
His accounting department didn’t think it was a good idea to waste champagne on students but Dalal dismissed their objections.
“They are my future passengers,” he said. Dalal gave me a grey cabin case which I used for many years.
Those students, who had arrived in the UK from India, certainly used Air India when they returned home for summer or for Christmas and the New Year.
Dalal, who had been sent to London by JRD Tata to open Air India’s office in London, remembered Heathrow from the winter of 1948: “We had to trudge through slush and mud to get to the caravan and had oil heaters to keep us warm.
“It was a question of suffocating from the oil fumes or freezing of cold…London airport was a wide stretch of area with hardly any development – a large number of rabbits and hares could be seen jumping around. The only person who had the right to shoot them was the commandant of the airport.”
Amenities available for passengers
Air India’s inaugural flight on a Lockheed Constellation L-749, named Malabar Princess, took off from Bombay [now Mumbai] on June 8, 1948, just after midnight. On board were JRD Tata, the Jamsaheb of Nawanagar, and the industrialist Neville Wadia.
Dalal was at the airport to receive the flight and to see off the start of the return journey on June 10. He reflected the Air India ethos because he could win people over with effortless charm.
After he retired from the airline in 1977, he remained a director of Tata & Sons. He also became chairman of the Bharatiya Vidya Bhavan. His death at the age of 98 on March 6, 2017, brought back many memories.
Air India is now back “home” under Tata management, where I am pretty confident it will prosper. The airline has introduced the new A350 aircraft – it has six of them but the number is going to go up to 40.
On March 26, I flew one of the A350s from Heathrow to Delhi. I was entitled to two suitcases, each 25kg, but had only one weighing 17kg, even with presents for family and friends.
There is a dedicated check-in counter for business class passengers in Heathrow’s Terminal 2, the Queen’s Terminal. Adjacent to these counters is the priority security lane, providing quick and easy access to the Star Alliance network partner lounges. Perhaps Air India needs its own lounge with a tasteful Maharaja décor.
I noted that flight AI 162, supposed to take off at 8.45am, did take off precisely at 8.45am. Dalal would have been pleased. He would also have approved that in business class, at least, we were getting Maharaja service, though the symbol had been modernised to reflect the aspirations of India in 2025.
In the old days, I was more than happy to travel economy, but Dalal would often send word to his staff at Heathrow and I found myself upgraded for no good reason.
The configuration in business class is now quite different, with private suites for 28 passengers. Each seat also converts to a flat bed. This means you can sleep for three-five hours during a nine-hour flight,and attend meetings on the day of arrival. It wouldn’t take much for me to get spoilt.
Each suite “has a personal wardrobe and ample stowage space for electronic devices, amenities, and shoes, as well as a conveniently located mirror, catering to every traveller’s needs. A 21-inch HD touchscreen and video handset provide an immersive entertainment experience, while universal A/C and USB-A power outlets ensure mobile and electronic devices stay charged.
“Business class passengers receive locally-inspired amenities, including a set of loungewear made from blended cotton for extra softness and breathability; a pair of slippers in the shoe storage compartment; a Ferragamo amenity kit which includes Ferragamo body lotion, hand cream, lip balm, comfortable socks, a plush eye mask within a cotton bag embellished with a lotus mandala pattern, and a gold Maharaja charm; an intricately-patterned day blanket that can also be used as a shawl; a two-in-one mattress and pillow that can folded as a firm cushion or opened when making your bed; and a very plush and comfortable duvet.
“Air India’s new IFE system features over 3,500 hours of immersive entertainment content across formats and genres, including 1,250 hours of movies, 750 hours of TV, and 1,500 hours of audio.”
Since I am a fan of RK Narayan, I watched a dramatisation of his Malgudi stories.
It was nice to get a letter of welcome addressed to me personally from Campbell Wilson, Air India’s CEO and managing director. We had met when he was in London last year for the Farnborough Air Show.
“This aircraft is an embodiment of a transforming Air India, delivering a new experience for you and the nearly 120,000 travellers we fly every day,” his letter said.
“The champagne we serve on board, Laurent Perrier La Cuvée Brut, is crisp and refreshing – perfect for toasting this journey. I had the pleasure of joining the panel that selected it, and I hope you’ll raise a glass with me to celebrate Air India’s new chapter.
“Today’s inflight menu includes Scialatielli pasta served with piperade sauce and chargrilled baby courgette, and kundan kaliyan – succulent lamb in creamy saffron sauce served with rice, mixed lentils, and mint yogurt, both of which I’ve enjoyed during tastings.”
I chose the pasta. It was delicious.
His letter added: “You’ll also have access to WiFi on board, so you can stay connected if you choose. And, to help you rest, we’ve introduced luxury bedding, including a premium wool-blend blanket with a jacquard border inspired by Sozni embroidery from Jammu & Kashmir in India, reflecting our blend of Indian heritage and comfort.”
When I am flying to India, I like to see the dawn come up. Next time I think I might request a window suite.
BARCLAYS reported a 23 per cent rise in first-half profit, exceeding expectations, as increased trading activity driven by US president Donald Trump's trade tariffs boosted its markets business.
The bank said on Tuesday that pretax profit for January to June reached 5.2 billion pounds, above the analysts' forecast of 4.96 billion pounds.
Barclays announced a share buyback of 1 billion pounds and a half-year dividend of 3 pence per share, amounting to 1.4 billion pounds in total capital distributions to shareholders. This marks a 21 per cent increase from the previous year.
The bank’s investment unit supported the results despite a shift in spending towards its domestic retail and corporate banking business. "We remain on track to achieve the objectives of our three-year plan, delivering structurally higher and more stable returns for our investors," CEO CS Venkatakrishnan said.
Jonathan Pierce, an analyst at Jefferies, noted that the results were ahead of expectations and indicated Barclays' 2026 target for a return on tangible equity of more than 12 per cent appears achievable.
The bank said the financial impact of Britain's investigation into banks' disclosure of motor finance commissions could differ significantly from the 90 million pounds it has already set aside. Lenders are awaiting the Supreme Court’s ruling on the case, expected on Friday.
Barclays' trading results followed those of Wall Street banks such as Goldman Sachs, which also reported strong earnings from volatile markets. The British bank’s equities income rose 25 per cent, compared with an average 18 per cent rise among the top five US banks, according to Reuters calculations based on company statements.
Revenue from trading fixed income, currencies and commodities increased 26 per cent for Barclays, compared to an average 14 per cent rise at its US rivals Bank of America, Citigroup, JPMorgan, Goldman Sachs and Morgan Stanley.
Investment banking fee income from advising on deals fell 16 per cent for Barclays, while its Wall Street peers recorded an average gain of 13 per cent.
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TCS said that it would provide benefits, outplacement, counselling, and support to the employees affected by the move. (Photo: Reuters)
INDIA's largest IT services firm, Tata Consultancy Services (TCS), will lay off about 2 per cent, or 12,261 employees, of its global workforce this year. The majority of those affected will be from middle and senior levels.
As of 30 June 2025, TCS's total workforce was 6,13,069. The company added 5,000 employees during the April–June quarter.
The layoffs are part of TCS's strategy to transform into a "future-ready organisation", focusing on technology investments, AI deployment, market expansion, and workforce realignment, the company said in a statement.
"TCS is on a journey to become a Future-Ready organisation. This includes strategic initiatives on multiple fronts, including investing in new-tech areas, entering new markets, deploying AI at scale for our clients and ourselves, deepening our partnerships, creating next-gen infrastructure, and realigning our workforce model.
"Towards this, a number of reskilling and redeployment initiatives have been underway. As part of this journey, we will also be releasing associates from the organisation whose deployment may not be feasible. This will impact about 2 per cent of our global workforce, primarily in the middle and the senior grades, over the course of the year," it said.
The company added that it would provide benefits, outplacement, counselling, and support to the employees affected by the move.
The announcement comes as Indian IT services firms reported single-digit revenue growth in Q1FY26, with the June quarter affected by macroeconomic uncertainty and geopolitical tensions, which slowed global tech demand and client decision-making.
TCS reported revenue of ₹63,437 crore (approximately £5.47 billion) in Q1FY26, up 1.3 per cent year-on-year, while net profit rose 5.9 per cent to ₹12,760 crore (approximately £1.1 billion).
TCS MD and Chief Executive K Krithivasan said the company continues to face "demand contraction" due to ongoing uncertainties and does not expect double-digit revenue growth in FY26. He said delays in client decision-making have "intensified" and expressed hope that discretionary spending, a key driver of revenue for IT firms, would pick up once uncertainties ease.
Meanwhile, Microsoft has laid off over 15,000 employees in 2025, representing 7 per cent of its global workforce. In a memo to employees, Microsoft CEO Satya Nadella said the job cuts have been "weighing heavily" on him.
"This is the enigma of success in an industry that has no franchise value," Nadella said. He added: "Progress isn't linear. It's dynamic, sometimes dissonant, and always demanding. But it's also a new opportunity for us to shape, lead through, and have greater impact than ever before."
According to Layoffs.fyi, over 80,000 tech workers have been laid off by 169 tech companies in 2025 so far. In 2024, 1.5 lakh (150,000) tech workers lost their jobs across 551 companies, a trend driven by global economic challenges and debates on AI's impact on jobs and employability.
(With inputs from agencies)
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Reynolds said an effective wealth tax 'doesn’t exist anywhere in the world' and criticised it as a populist measure.
BUSINESS SECRETARY Jonathan Reynolds has ruled out introducing a wealth tax, describing it as a “daft” idea that would not work.
His comments came as the International Monetary Fund (IMF) warned that Britain will need to raise other taxes or cut spending to meet fiscal targets, The Times reported.
Lord Kinnock has called for a 2 per cent annual levy on assets over £10 million, a proposal backed by several Labour MPs. However, Reynolds dismissed the suggestion, telling Labour backbenchers to “get serious”.
He told GB News: “The idea you can just levy everyone … What if your wealth was not in your bank account, what if it was in fine wine or art? How would we tax that? This is why this doesn’t exist.”
Reynolds said an effective wealth tax “doesn’t exist anywhere in the world” and criticised it as a populist measure. He added that the Labour government has already increased taxes on wealth, citing private jets, private schools, inheritance tax and capital gains tax.
Labour MP Richard Burgon argued that refusing to tax wealth while cutting benefits has harmed the government’s support.
Meanwhile, the IMF said chancellor Rachel Reeves would need to consider tax rises on middle earners, scrapping the pensions triple lock and introducing NHS charges to balance the budget.
The IMF praised Reeves for “growth-friendly” policies but warned that high debt and an ageing population mean tax rises or spending cuts are unavoidable.
Reeves said the report confirmed that her policies are supporting Britain’s economic recovery.
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The fall comes amid uncertainty over US tariffs, with some firms slowing or halting production earlier in the year. (Representational iamge)
UK VEHICLE production in the first half of this year has dropped to its lowest level since 1953, excluding the Covid shutdown period, according to the Society of Motor Manufacturers and Traders (SMMT).
Car output declined by 7.3 per cent in the six months to June. Van production fell by 45 per cent, driven in part by the closure of Vauxhall’s Luton plant, the BBC reported.
The fall comes amid uncertainty over US tariffs, with some firms slowing or halting production earlier in the year.
A UK-US tariff deal, announced in May and effective from 30 June, reduced duties from 27.5 per cent to 10 per cent, and a small increase in production was recorded in June.
Mike Hawes, SMMT chief executive, said the figures were “depressing” and hoped the first half marked “the nadir” for the industry. He said the target of 1.3 million vehicles annually by 2035 was ambitious and would require at least one or two new manufacturers to set up in the UK.
Electrified vehicle production rose 1.8 per cent, making up over two in five vehicles. Last week, the government reinstated EV grants of up to £3,750 for models priced below £37,000, but the SMMT said the new scheme lacked clarity.
The government said it expects dozens of models to qualify for the grant and is working with manufacturers.
The £650 million fund will be awarded on a first-come, first-served basis.
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Kristin Cabot exits Astronomer after Coldplay kiss cam moment sparks CEO fallout and public backlash
Kristin Cabot, Chief People Officer at Astronomer, has resigned following a viral concert video.
The clip showed her embracing CEO Andy Byron at a Coldplay concert in Massachusetts.
Byron resigned earlier amid an internal investigation.
The video sparked widespread online memes, speculation, and intense media scrutiny.
A senior executive at US tech firm Astronomer has stepped down days after a viral video from a Coldplay concert thrust the company into the spotlight. Kristin Cabot, the firm's chief people officer, resigned following the online uproar over a clip that appeared to show her in a close moment with CEO Andy Byron during the band’s recent performance.
Her resignation comes shortly after Byron also left his post, with Astronomer confirming both departures amid growing public interest and internal reviews.
Kristin Cabot The Sun
What happened at the Coldplay concert?
The now-viral footage was captured during a Coldplay show at Gillette Stadium in Foxborough on 16 July. As part of frontman Chris Martin’s interactive segment called the Jumbotron Song, cameras panned across the crowd, momentarily focusing on Cabot and Byron.
The pair were seen smiling and swaying before visibly reacting to being caught on the jumbo screen. Cabot quickly covered her face and turned away, while Byron ducked out of view. Martin quipped to the audience, “Either they’re having an affair, or they’re just very shy,” further fuelling online speculation.
The clip rapidly circulated on social media, spawning memes, parody videos, and raising questions about the identities of the couple. Internet sleuths quickly linked the pair to Astronomer, a previously low-profile New York-based data and AI startup.
— (@)
Who are Kristin Cabot and Andy Byron?
Kristin Cabot was a high-level executive responsible for HR and workplace culture at Astronomer. She had only recently joined the company, with her hiring announced in a press release in November 2024.
Andy Byron, who served as CEO, was placed on administrative leave shortly after the video went viral. His resignation was confirmed a day later. Neither Cabot nor Byron has made public statements regarding their relationship or the incident. Both are reportedly married, and their profiles have now been scrubbed from Astronomer’s official website.
Andy Byron and Kristin Cabot caught on Coldplay kiss cam during Boston show X Screengrab
What has Astronomer said?
Astronomer responded to the situation by naming co-founder and chief product officer Pete DeJoy as interim CEO. In a company-wide message shared online, DeJoy acknowledged the "surreal" nature of the media attention.
“The spotlight has been unusual and surreal for our team,” he said. “While I would never have wished for it to happen like this, Astronomer is now a household name. We’re focused on moving forward and maintaining trust with our community.”
While the company has not directly addressed the video, its timing aligned with the departures, and the sequence of events strongly suggests internal concerns prompted both resignations.
— (@)
What impact did the video have?
Beyond internal shakeups at Astronomer, the viral video had unexpected ripple effects. Coldplay saw a 20% surge in online streams of their music in the days following the incident, according to analytics firm Luminate.
The moment also sparked conversations about workplace boundaries, online privacy, and the consequences of being thrust into internet fame without consent. Some viewers criticised the couple, while others questioned the ethics of public shaming over personal moments caught in viral content.
For Astronomer, a company that provides data solutions for large enterprises, the incident is a dramatic and unintended jump in public visibility, though not the kind any startup typically seeks.