Skip to content
Search

Latest Stories

Hinduja group company 'wins Brexit hotline contract'

Hinduja group company 'wins Brexit hotline contract'

HINDUJA Global Solutions (HGS) has won a contract from the UK government to provide hotline services to British businesses in international trade as new rules of Brexit will kick in, a media report said.

It will help companies negotiate a range of new rules, including documentation and physical checks on goods, that are due to come into force next year, The Times reported.


The Department for International Trade is expected to announce details of the hotline this week.

A hotline is found necessary as international trades will face full controls at the UK’s borders from January 1.

HGS did not respond when Eastern Eye asked the Bengaluru-based company if it could confirm having won the contract.

The business process management firm has a global presence including in the UK, the US and India.

Shares of the Hinduja Group company closed 0.38 per cent down at Rs 2845.70 (£28.42) on the Bombay Stock Exchange on Thursday (30).

More For You

India’s IT sector

India’s $283 billion IT industry, which contributes more than 7 per cent to the country’s GDP, has for over three decades provided services to major clients including Apple, American Express, Cisco, Citigroup, FedEx and Home Depot.

iStock

India’s IT sector faces uncertainty as US proposes 25 per cent outsourcing tax

INDIA’s IT sector is facing uncertainty as US lawmakers consider a 25 per cent tax on companies using foreign outsourcing services.

Analysts and lawyers said the proposal has led to customers delaying or re-negotiating contracts, raising concerns in India, the world’s largest outsourcing hub.

Keep ReadingShow less
Rachel Reeves

'Our economy isn't broken, but it does feel stuck,' Reeves said, speaking alongside the release of a finance ministry report on business property taxation, known as rates.

Getty Images

Reeves signals possible changes to business property taxes ahead of budget

CHANCELLOR Rachel Reeves said on Thursday she is considering changes to business property taxes to support small firms looking to expand, as part of her plans to boost growth.

Reeves’ comments come ahead of her annual budget on November 26, at a time when concerns about possible tax rises and inflation are weighing on businesses and households.

Keep ReadingShow less
Rachel Reeves

Reeves pledged to keep a tight hold on spending to reduce inflation and borrowing costs amid concerns over Britain’s fiscal outlook.

Getty Images

Reeves urges ministers to back Bank of England on inflation

CHANCELLOR Rachel Reeves has said the government must support the Bank of England in bringing down inflation while also focusing on growth, ahead of a budget later this year that is expected to include tax rises.

Last week, Reeves said the economy was not “broken” as she announced November 26 as the date for her annual budget.

Keep ReadingShow less
Trump urges EU to impose steep tariffs on India and China over Russian oil

US president Donald Trump (R) and Indian prime minister Narendra Modi hold a joint press conference in the East Room at the White House on February 13, 2025 in Washington, DC. (Photo by Andrew Harnik/Getty Images)

Trump urges EU to impose steep tariffs on India and China over Russian oil

US PRESIDENT Donald Trump urged EU officials to hit China with tariffs of up to 100 per cent as part of a strategy to pressure Russian president Vladimir Putin, according to a US official and an EU diplomat.

Trump also encouraged the European Union to slap India with similarly expansive tariffs, said the official, who requested anonymity to discuss private conversations.

Keep ReadingShow less
Modi & Trump

Donald Trump and Narendra Modi shake hands as they attend a joint press conference at the White House on February 13, 2025.

Reuters

US, India look to reset trade talks as Trump plans call with Modi

Highlights:

  • Trump says he will speak to Modi in the coming weeks amid trade talks
  • Modi calls US and India "close friends and natural partners"
  • Trade officials from both countries may restart meetings in September
  • US-India trade reached $129 billion in 2024 with a $45.8 billion US deficit

US PRESIDENT Donald Trump said on Tuesday his administration is continuing negotiations to address trade barriers with India and that he would speak to prime minister Narendra Modi, indicating a possible reset after recent friction.

Keep ReadingShow less