Skip to content
Search

Latest Stories

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.”

More For You

 Lakshmi Mittal

Mittal, 74, has a net worth of more than £17.3 billion.

Lakshmi Mittal buys luxury mansion in Dubai’s Emirates Hills: report

LAKSHMI MITTAL, executive chairman of ArcelorMittal SA and one of Britain’s richest residents, has purchased a mansion in Dubai’s Emirates Hills, known as the “Beverly Hills of Dubai”, Bloomberg reported, citing people familiar with the matter.

The Baroque-style home was listed for around £150 million in 2023 and sold for roughly half that amount earlier this year, according to people with knowledge of the deal.

Keep ReadingShow less
Starmer backs greater role for
pharmacies in NHS overhaul

Dipesh Vaja, Raj Haria, Manish Shah, Miloni Tanna, Bharat Shah, Hatul Shah, Kamal Shah and Rajiv Shah at the 15th annual Sigma Conference in Baku, Azerbaijan

Starmer backs greater role for pharmacies in NHS overhaul

COMMUNITY pharmacy has a “vital role to play in rebuilding” the NHS, prime minister Sir Keir Starmer has said, referring to a recent announcement of record funding for the sector.

He said ministers want to capitalise on the clinical expertise of pharmacists as the Labour government is determined to fix the “broken” NHS inherited from successive Conservative administrations.

Keep ReadingShow less
French unions urge nationalisation of ArcelorMittal amid job cuts

Steelworkers protest outside ArcelorMittal headquarters in Saint Denis on Tuesday

French unions urge nationalisation of ArcelorMittal amid job cuts

UNIONS in France fighting to save 600 jobs at ArcelorMittal operations have called on the government on Tuesday (13) to take control of the sites, following Britain’s example with British Steel.

CGT union chief Sophie Binet told hundreds of workers protesting outside the company’s French offices that she would raise the matter directly with president Emmanuel Macron.

Keep ReadingShow less
‘Investor confidence in India stays intact’

The Indian stock market has been among the best performing in the world since April, after Trump slapped tariffs on US trading partners

‘Investor confidence in India stays intact’

THE latest conflict between India and Pakistan may impact New Delhi’s efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil – but not much, investors and analysts said last Wednesday (7), prior to the ceasefire between the two countries.

India’s $4 trillion (£3 tr) economy has limited direct trade with Pakistan. Even its overnight crossborder missile strikes had little immediate impact on local equity, currency and bond markets, on the view that full-fledged conflict was unlikely.

Keep ReadingShow less
FCA-Reuters

The FCA said the money will be returned to investors as soon as possible. (Photo: Reuters)

Reuters

FCA confiscates over £305k from fraudsters

THE Financial Conduct Authority (FCA) has secured confiscation orders totalling £305,284 from Raheel Mirza, Cameron Vickers and Opeyemi Solaja for their roles in an investment fraud. The orders cover all their remaining assets.

The confiscation proceedings against a fourth defendant, Reuben Akpojaro, have been adjourned.

Keep ReadingShow less