Skip to content
Search AI Powered

Latest Stories

Lord Karan Bilimoria takes over as first BAME president of Confederation of British Industry

THE new president of the Confederation of British Industry has said he will “aim to get better BAME representation in boardrooms across the country”.

British Indian entrepreneur and peer Lord Karan Bilimoria CBE was elected as the first non-white president of the CBI with an “overwhelming majority” on Tuesday (16).


Described by the CBI as one of the Britain's leading businessmen,  Bilimoria was the founding chair of the UK-India Business Council.

Bilimoria – who became the youngest chancellor in UK when appointed at the helm of Thames Valley University (renamed later as University of West London) – currently serves as the seventh chancellor of the University of Birmingham.

An independent cross-bench peer in the House of Lords for 14 years, Bilimoria is also chair of the University of Cambridge Judge Business School Advisory Board.

"I am honoured to be president of the CBI during this hugely important time for UK business,” said the 58-year-old, who will replace John Allan CBE.

"As the four nations of our country embark upon an ambitious economic recovery plan, I will do all I can to help ensure we build back better through inclusive and sustainable growth.

"Ensuring the CBI is seen as a home for entrepreneurs and SMEs is first among my top four priorities during my time as president.

"Secondly, establishing the UK as a trading powerhouse, which is vital for our future prosperity. Thirdly, I will use my background in higher education to champion the UK’s unique soft power offer.

"And last but by no means least is the importance of acting to increase inclusive workplaces. Diversity drives better decisions. And it will be my aim to get better black, Asian, and minority ethnic (BAME) representation in boardrooms across the country."

CBI director-general Dame Carolyn Fairbairn said  Bilimoria’s experience, global outlook and tenacity will prove invaluable to the CBI and the UK business community”.

More For You

Greeting cards here to stay, says Moonpig chief
Nickyl Raithatha, Chief Executive Officer of Moonpig

Greeting cards here to stay, says Moonpig chief

THE average person in Britain buys 22 greeting cards annually, proving the market is far from outdated, Moonpig chief executive Nickyl Raithatha told the Times in an interview.

The online card retailer has seen strong customer loyalty, with Raithatha revealing that customers who stay for a second year "basically never leave."

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. (Representational image: iStock)

Indian economy expected to weaken slightly in 2025, says IMF MD

The Indian economy is likely to face slight weakening in 2025, according to International Monetary Fund (IMF) managing director Kristalina Georgieva.

Speaking at her annual media roundtable on Friday, Georgieva noted that global growth is expected to remain steady but with regional variations.

Keep ReadingShow less
Tesla-Getty

Tesla has faced challenges in 2024, reporting its first annual decline in deliveries as incentives failed to increase demand for its ageing vehicle lineup. (Photo: Getty Images)

Tesla received nearly £200m in UK government grants since 2016: Report

ELON MUSK’s electric vehicle company Tesla has received £191 million in grants from the UK government since 2016, according to an analysis by Tussell.

The majority of the funding, £188m, was provided by the Department for Transport (DfT) through the plug-in car grant scheme, which aimed to promote the adoption of electric and plug-in hybrid vehicles, The Guardian reported.

Keep ReadingShow less
CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less