Mobile phone apps in India, which appear to be finding it relatively easy to attract both foreign and domestic funding, are changing the way of life in the country.
Want to see a doctor quickly? No problem. There is an app for you. Actually, such an app might be just the ticket for the UK.
Or you are a working woman with a limited budget but wish to dress smartly? Easy. There is an app for you. Want to buy a piece of modern furniture? Again, an app ensures convenient selection and delivery to your door.
Or you are one of the millions in India with an eye disease but too poor to seek expensive treatment? All that can be sorted out now using an app.
Anyone who has tried to get a taxi in many cities in India – especially Kolkata – will know how difficult it is to get a cab when you want one and then persuade the driver to go where you want to. Now an app can connect you to not just a driver but a helpful local one.
How India is changing and the millions of pounds going into apps are set out by Bangalore-based journalist Shradha Sharma in the September edition of Wired in the UK – this technology magazine from the Condé Nast group is part of the Vogue family.
Indian prime minister Narendra Modi has announced India intends to invest $1 trillion over the next five years in infrastructure. But many investors, both in India and overseas, are clearly attracted by the possibilities of mobile phone apps. Most but not all the apps are headquartered in India.
A mobile data protection service, Druva, now based in San Francisco Bay, has raised over $70 million (£54m) in funding. The company, founded in 2008 by Jaspreet Singh and Milind Borate, manages business-critical data in the cloud for 3,500 clients, including Nasa, Pfizer, Tesla and PwC.
Most of the activity is taking place in India. Freshdesk, a customer-support platform, was founded by Girish Mathrubootham and Shan Krishnasamy, who in 2010 gave themselves nine months to make a success of their business or return to their corporate careers. That was not needed.
The start-up raised $94m (£73m) from, among others, Accel Partners and Google Capital. Freshdesk has a valuation in excess of $500m (£388m) and claims a client base of 70,000 – including brands such as Honda and Hugo across 145 countries.
With more than 65 per cent of the Indian population under the age of 30 and the economy growing quickly, accessible and affordable mobility is a key lever for development.
Ola, which has raised £1.04 billion in funding, was the first Indian company to develop the concept of driver-entrepreneurs, giving them access to training, technology and livelihood.
Bhavish Aggarwal, whose Ola offers everything from limousines to auto-rickshaws, said: “We will leapfrog the phase of car ownership and instead consume transportation as a service.”
The company claims to have a market share of 60 per cent, with more than 200,000 vehicles across 85 cities. “When Uber came to India three years ago, we were tiny,” admitted Aggarwal. “We were doing 2,000 rides a day and had two crores (£207,000) in the bank. They could have crushed us in 15 days.
“But what worked for us was that we’re built ground up for India, which is reflected in the breadth of our platform. It’s how our brand connects in the real India and how our drivers think of us. Everything is very local. That’s the trick.”
He jokes that his father, who worries about his son finding a “proper job”, still keeps asking him: “When are you doing your MBA?”
Rajiv Srivatsa of Urban Ladder
Rajiv Srivatsa and Ashish Goel offer 5,000 items of affordable, high-quality furniture through Urban Ladder, which was launched in July 2012. Urban Ladder has its own logistics chain to serve 19 cities rather than relying on third parties. Srivatsa explained: “Our designs are backed by extensive consumer research. This has helped us carve a niche for ourselves. We converse with the best designers across the globe to interest them in creating products for India.”
Shashank ND and Abhinav Lal, who have set up Practo to match patients with doctors in 35 Indian cities, hope to increase the number to 100 by the end of this year. It also operates in Singapore, Indonesia and the Philippines.
The eight-year-old company has in the past year made 40 million appointments with 200,000 doctors on its flagship platform. Consumers create and update personal health records that medical professionals are able to access.
“Life spans are increasing, and it’s important to make sure that longer lives are also a lot healthier,” remarked Shashank. “That can only happen when patients and medical professionals have access to health-related data.”
Voonik offers attractive clothes to women on limited budgets
Sujayath Ali’s company, Voonik, offers attractive clothes for women with limited budgets. “Young Indians aspire to better lifestyles than their predecessors,” he said. “So the best way to appeal to them is to combine value with a best-in class experience.” It launched its Android app in Sept 2014 and, at Feb 2016, had eight million customers.
Valuable work is being done by Focus Health, which was set up by K Chandrashekhar and Shyam Vasudeva Rao. They reckon they have prevented 300,000 people from going blind.
Their flagship low-cost machine, “3nethra” (signifying the wisdom of Vishnu’s third eye) allows for speedy detection of such common diseases as cataracts, diabetic retinopathy, glaucoma, and corneal problems.
A technician can screen a patient in less than five minutes using 3nethra and a basic PC, before uploading patient files for a doctor to access the records and provide a diagnosis.
Since the company was founded in 2010, its 550 3nethra machines have examined 800,000 patients in 25 countries, at one-fifth the cost of a similar machine in the developed world. “In India alone, the diagnosis of preventable blindness can save $500m (£388m) that is lost in productivity each year,” commented Chandrashekhar.
The showroom, located in Mumbai, was inaugurated by Maharashtra state's chief minister Devendra Fadnavis and opened to select visitors on Tuesday. (Photo: X/@Dev_Fadnavis)
TESLA opened its first showroom in India on Tuesday, marking its entry into the country as the electric vehicle company looks for new customers amid declining sales in the United States and Europe.
The showroom, located in Mumbai, was inaugurated by Maharashtra state's chief minister Devendra Fadnavis and opened to select visitors on Tuesday. It will be open to the general public starting Wednesday.
Inaugurated Tesla’s first-ever Experience Centre in India at BKC, Mumbai, today.This is not just the inauguration of an Experience Centre ; it’s a powerful statement—Tesla is here, and it’s chosen the right city and the right state: Mumbai, Maharashtra!"… pic.twitter.com/4ilfAHCEoO — Devendra Fadnavis (@Dev_Fadnavis) July 15, 2025
Tesla is currently offering its Model Y vehicle in India and plans to begin deliveries of a more affordable variant later this quarter.
"This is the first launch of Tesla in India. It marks a huge milestone for Tesla globally," said Isabel Fan, the company's senior regional director. She added that charging stations will be set up soon in Mumbai and New Delhi.
Despite heavy rains, many onlookers gathered outside the Mumbai showroom to see the cars on display.
Tesla has expressed interest in entering the Indian market for several years but delayed its plans due to high import tariffs on electric vehicles.
Elon Musk had earlier described India as having "more promise than any large country" but has criticised its import duties, calling them among the "highest in the world".
The Indian government has said that it will consider lowering import taxes on electric vehicles if global automakers commit to significant investment and local manufacturing.
Tesla has not yet announced any plans to build a manufacturing plant in India.
According to local media reports, Tesla will initially sell cars imported from China.
As a result, the Model Y in India starts at around $70,000 on-road, as listed on the company's website, compared to the US price of $37,490 after a $7,500 federal tax credit.
Tesla's launch in India comes at a time when the company is facing slowing demand globally. The electric vehicle market, once led by Tesla, is now highly competitive, with rivals including BYD and other Chinese manufacturers.
India is the world’s third-largest car market, but Tesla is not expected to see large volumes in the near future due to the relatively early stage of the country’s electric vehicle sector and the high prices of its models.
Sales of electric vehicles in India reached about 100,000 in 2024, which is less than three per cent of total car sales.
Soumen Mandal, senior analyst at Counterpoint, said Tesla’s pricing puts it out of reach for most Indian buyers and places it in competition with luxury car brands.
"We don't expect Tesla to play the volume game right away given the price tag," Mandal told AFP.
"We project 500-700 units sold in initial months and then that to taper off to 200-300 (per month)."
India is currently in talks with the United States on a trade deal, which includes discussions on reducing tariffs on automobiles.
In February, Elon Musk held a one-on-one meeting with Indian Prime Minister Narendra Modi in Washington.
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he Port Talbot EAF will produce up to 3 million tonnes of steel per year using UK-sourced scrap.
TATA STEEL UK has started construction of a new Electric Arc Furnace (EAF) at its Port Talbot site in South Wales. Tata Group chairman Natarajan Chandrasekaran marked the groundbreaking ceremony on July 14, joined by Tata Steel CEO and managing director TV Narendran and Tata Steel UK CEO Rajesh Nair.
The EAF project is part of Tata Steel UK’s £1.25 billion plan to transition to low-carbon steelmaking, backed by £500 million from the UK government. The furnace is expected to be commissioned by the end of 2027 and aims to reduce carbon emissions at Port Talbot by about 90 per cent, or 5 million tonnes of CO₂ annually. The project is expected to support 5,000 jobs.
“This is an important day for Tata Group, Tata Steel and for the UK,” said Mr Chandrasekaran. “Today’s groundbreaking marks not just the beginning of a new Electric Arc Furnace, but a new era for sustainable manufacturing in Britain. At Port Talbot, we are building the foundations of a cleaner, greener future, supporting jobs, driving innovation, and demonstrating our commitment to responsible industry leadership.”
Business secretary Jonathan Reynolds said: “This is our Industrial Strategy in action and is great news for Welsh steelmaking backing this crucial Welsh industry, which will give certainty to local communities and thousands of local jobs for years to come.”
Wales Secretary Jo Stevens said: “The UK Government acted decisively to ensure that steelmaking in Port Talbot will continue for generations to come, backing Tata Steel with £500 million to secure its future in the town.”
The Port Talbot EAF will produce up to 3 million tonnes of steel per year using UK-sourced scrap. Construction is being led by Sir Robert McAlpine, with support from regional contractors and technology providers including Tenova, ABB, and Clecim.
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Starmer and Reeves during a visit to Horiba Mira in Nuneaton in Nuneaton. (Photo: Getty Images)
PLANS by Labour to overhaul the tax rules for non-domiciled residents in the UK could cost the public purse up to £4 billion and result in the loss of thousands of private sector jobs, according to a new analysis.
A report by the Centre for Economics and Business Research (CEBR), shared with The Times, suggested that scrapping the current non-dom regime could lead to a sharp drop in tax revenues if even a fraction of those affected decide to leave the country.
The thinktank estimates that if a quarter of non-doms - roughly 10,000 individuals - moved abroad, tax receipts could fall by £4.6bn over the next five years. That figure could rise to nearly £8bn if half of them departed.
The CEBR’s model, based on the approach used by the Office for Budget Responsibility (OBR), also predicted that such a shift could cause the UK to lose between 3,100 and 6,300 jobs, depending on how many wealthy residents choose to relocate.
This potential tax shortfall poses a serious challenge for chancellor Rachel Reeves, who currently has £9.9bn in fiscal headroom. Experts warn that this cushion could be halved or even wiped out by the autumn due to other financial pressures, such as changes to welfare payments and weaker-than-expected economic growth.
Although Labour has stood by its commitment to end the non-dom tax regime, Reeves is now believed to be considering a partial rethink. Specifically, she may drop plans to apply inheritance tax to non-doms' worldwide assets, following concerns that the proposal could accelerate the departure of wealthy individuals.
“We’re continuing to work with stakeholders to ensure the new system remains competitive on the international stage,” a Treasury spokesperson said, noting the importance of attracting global talent and investment.
Some high-profile figures have already indicated they might leave, including steel magnate Lakshmi Mittal.
Lakshmi Mittal
According to Companies House filings, more than 4,400 directors have stepped down from UK-based firms in the past year, with April departures up 75 per cent compared to the same month in 2024. Most of those exits were from finance, insurance, and property - sectors with high numbers of non-doms.
According to the report, the policy change is triggering an exodus of top earners. The centuries-old non-dom system allowed wealthy foreign residents to shield overseas income from UK taxes for a flat annual fee starting at £30,000. In its place, the government introduced a stricter residence-based scheme.
Now, anyone living in Britain for more than four years must pay income and capital gains tax on global income, with inheritance tax at 40 per cent also looming if they stay longer.
Sam Miley of the CEBR warned that even small economic shifts could have wider implications. “Our findings show the changes would negatively affect the economy, albeit modestly,” he was quoted as saying. “At a time of limited fiscal space, even marginal losses matter.”
Andrew Barclay, who runs the entrepreneur-led group Land of Opportunity, which commissioned the report, said: “It’s increasingly clear that abolishing non-dom status could do real harm to the economy and public finances. There’s still time to stop the outflow.”
A recent Oxford Economics survey of tax advisers found that 60 per cent expect over 40 per cent of their non-dom clients to leave the UK within two years of the changes taking effect.
While the exact number of departures remains unclear, the list of wealthy individuals who have already moved abroad includes billionaire Anne Beaufour, investor Max Gottschalk, and boxing promoter Eddie Hearn, among others.
Meanwhile, Labour faces growing pressure to strike a balance between tax fairness and maintaining the UK’s status as a global hub for wealth and investment.
US CARMAKER Tesla is finally making its official debut in India with the opening of its first showroom in Mumbai.
The firm, led by Elon Musk, will unveil the new “Tesla Experience Centre” on Tuesday (15) at Maker Maxity Mall in the Bandra Kurla Complex, one of the city's top commercial hubs.
This marks Tesla’s first formal step into the Indian market, after years of delays and speculation. According to official records, the company has already imported around $1 million (£780,000) worth of cars, charging equipment, and accessories into the country—mostly from China and the US.
Among the imported vehicles are six units of the popular Model Y, with five standard versions valued at £25,350 each and one long-range model at £35,880. Several Tesla Superchargers were also shipped in as part of the initial setup.
Although India has been eager to welcome Tesla, including introducing policies to encourage local production, the company has chosen to start with imports.
This means Tesla will have to pay high import duties - nearly 70 per cent - making its cars much pricier in India compared to other markets. The government has offered lower duties of 15 per cent for companies willing to invest $500m (£390m) and set up manufacturing locally, but so far, Tesla has not agreed to those terms.
Reports suggest Tesla is not currently interested in building a factory in India. Musk had previously planned a visit to the country in 2024, during which he was expected to announce a multi-billion-dollar investment, but the trip was cancelled at the last minute.
Despite the absence of local production, Tesla appears committed to growing its presence. It has started hiring in India, filling positions for showroom advisors, service engineers, vehicle testers for its Autopilot system, and other roles in cities like Mumbai and Delhi.
The Indian EV market is growing rapidly, with local player Tata Motors and Chinese firm BYD already established in the sector. Tesla’s entry is expected to increase competition and raise interest in premium electric vehicles, even as high costs remain a concern for most buyers.
(with inputs from agencies)
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UK-based Nanak Hotels acquired the 60-room Kings Court Hotel in Warwickshire for £2.75 million. (Photo: Colliers International UK)
UK-BASED Nanak Hotels recently acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for £2.75 million. This is the first regional acquisition by the privately held firm led by British Indians Harpreet Singh Saluja and Karamvir Singh.
Nanak Hotels, which operates a UK property portfolio, plans to invest in the property's refurbishment and repositioning, according to a statement from Colliers International UK, which brokered the transaction.
“We’re excited to bring Kings Court Hotel into our portfolio as our first Warwickshire acquisition,” said Saluja. “It has a solid foundation and loyal customer base. We see potential to develop the hotel while preserving its heritage.”
The West Midlands hotel, on a 4.2-acre site between Alcester and Redditch, began as a 17th-century farmhouse and now operates as a hospitality business with public areas, event and conference facilities and wedding capacity for up to 130 guests.
The hotel’s previous owner said Kings Court had been central to their work for over 30 years.
“It’s been a privilege to grow it into what it is today,” the owner said. “As we retire, we’re pleased to see it pass to a new owner who shares our commitment to hospitality and has a vision for its future.”
“The sale of Kings Court Hotel drew strong interest due to its size, location and trading performance,” said Josh Sullivan and Peter Brunt of Colliers International UK. “We’re pleased to have completed the transaction with Nanak Hotels and look forward to seeing how they develop the asset.”
In February, UK-based Shiva Hotels, led by founder and CEO Rishi Sachdev, secured $372m (£289m) to renovate The BoTree in Marylebone, London. Separately, Indian tech firm Oyo announced a $62m (£48m), three-year plan to expand its UK hotel portfolio by acquiring inventory and securing leasehold and management contracts, supporting 1,000 jobs.