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City of London Freedom honours for leading Indian bankers

City of London Freedom honours for leading Indian bankers

THE City of London Corporation has honoured eight senior figures from Indian banks based in the Square Mile to mark 75 years of India’s independence.

The award recognises the trade relationship between the UK and India’s financial services sectors.

The leaders who received the Freedom of the City honours on December 13 were: Madhur Kumar (Bank of Baroda), Manish Gupta, (Bank of India), Ashok Kumar Vartia (Export-Import Bank of India), Sharukh T Wadia (IndusInd Bank), Rakesh Kumar (India Infrastructure Finance Company), Loknath Mishra (ICICI Bank), Sudhir Kumar Sharma (State Bank of India) and Arbind Kumar Choudhary (Union Bank of India).

Lord Mayor of the City of London, Michael Mainelli, said: "British and Indian investments support over a million jobs in both India and the UK. The City of London is grateful for the invaluable contribution of Indian bankers to the Square Mile."

Chair of the Freedom Applications Policy & Resources Sub-Committee, Rehana Ameer, said the occasion signalled “a shared commitment to unlocking new opportunities, fostering innovation and deepening ties between the City and India to embark on a journey of mutual prosperity and strengthened financial cooperation.”

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Narayana Health enters UK market through Practice Plus Group acquisition

The acquisition brings 12 hospitals and surgical centres under Narayana Health’s umbrella, specialising in orthopaedics, ophthalmology and general surgery.

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Narayana Health enters UK market through Practice Plus Group acquisition

Highlights

  • Narayana Health acquires Practice Plus Group’s 12 UK hospitals and surgical centres.
  • Deal positions Indian healthcare provider among top three in India by revenue
  • Group plans 1,400 new beds across six greenfield hospitals in India within 30 months.

Narayana Health, one of India’s largest healthcare providers founded by renowned cardiac surgeon Dr Devi Prasad Shetty, has acquired UK-based Practice Plus Group Hospitals, marking its entry into the British healthcare market.

The acquisition brings 12 hospitals and surgical centres under Narayana Health’s umbrella, specialising in orthopaedics, ophthalmology and general surgery. Practice Plus Group, the fifth largest private hospital group in the UK, performs approximately 80,000 surgeries annually.

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