Steel tycoon Sanjeev Gupta expands into financial services

Steel tycoon Sanjeev Gupta has launched a new financial services arm Wyelands Capital as he expands his business empire in the UK. The Liberty House executive chairman’s umbrella group, GFG Alliance, announced the expansion last week. The expansion follows Gupta’s acquisition in December 2016 of Wyelands Bank Plc, which has been functioning as an “industry-friendly” deposit-taking institution […]

Indians issued maximum work visas to UK in 2016

Indian nationals were issued the maximum number of skilled work visas to live and work in the UK last year, according to statistics released today. Indians accounted for 58 per cent of the total skilled work visas granted last year — 53,863 of a total of 93,566. Americans were the second largest community with 9,255 […]

Vijay Mallya’s extradition hearing deferred to June 13

The hearing on the issue of embattled Indian tycoon Vijay Mallya’s extradition from the UK has been deferred to June 13, the Crown Prosecution Service (CPS) has said. The CPS will be arguing on behalf of the Indian authorities when the fugitive businessman’s extradition case comes up for hearing at Westminster Magistrates’ Court in London on […]

India and UK agree on MoU in urban transport sector

India and the UK have agreed to sign an MoU in the urban transport sector for cooperation in policy planning, technology transfer and institutional organisation. Union Minister for Road Transport, Highways and Shipping Nitin Gadkari, who was in London on a three-day visit, finalised the bilateral cooperation arrangement between the Transport for London (TfL) and […]

Hinduja brothers top UK annual rich list

The Hinduja brothers have topped the 2017 list of the richest people in the UK with a wealth of £16.2 billion, a massive £3.2 billion hike in their fortunes over the previous year. The Sunday Times Rich List says that Brexit does not seem to have affected the country’s billionaires, who grew in numbers with […]

UK business transformation ongoing: Tata Steel

Indian steel giant Tata Steel today said a “process of transformation” was ongoing to ensure a “viable future” for its units that remain under the company’s ownership in the UK. The company confirmed that discussions with British Steel Pension Scheme trustees and the UK Pensions Regulator will be concluded in the coming months. “Tata Steels […]

Sanjeev Gupta to create 300 new jobs at former Tata Steel unit

Steel tycoon Sanjeev Gupta today announced 300 new jobs and multi-million- pound investments in a steel division formerly owned by Tata Steel. Gupta’s Liberty House, the industrial and commodities group that is buying up steel assets around the world, said it plans to secure the future of five sites across the north of England and […]

Lord Bagri passes away

BRITAIN’S business community is mourning the death of Lord Bagri, a respected entrepreneur who was also the longest serving chairman of the London Metal Exchange. He was 86 and passed away on Tuesday night (25). Born in Calcutta, Raj Kumar Bagri was chairman of Metdist, which dealt with non-ferrous metals. In recent years, his son […]

Tej Lalvani joins BBC hit show Dragon’s Den

DRAGON’S DEN, the BBC show where aspiring entrepreneurs pitch their ideas to established business people, will have a new investor in Tej Lalvani. The CEO of Vitabiotics will appear in the 15th series of the popular show, alongside Peter Jones, Deborah Meaden, Touker Suleyman and new investor Jenny Campbell. Lalvani said: “I’m very excited to […]

Indian companies have contributed £47.5 billion to UK economy post-Brexit

As many as 800 Indian companies in the UK have generated £47.5 billion in combined revenues last year and contributed significantly to post-Brexit Britain’s economic growth, according to a new report. The India meets Britain Tracker 2017, released annually by professional services major Grant Thornton in collaboration with the Confederation of Indian Industry (CII), have […]