London: Britain's Business and Trade Secretary Kemi Badenoch, overseeing the free trade agreement (FTA) negotiations with India, informed a parliamentary committee that India and the UK are on the verge of finalizing a mutually advantageous trade deal, but the remaining points of contention are the most challenging, media reports said.
India's Tata Steel and the UK government have announced a joint agreement on a proposal to invest in Electric Arc Furnace steelmaking at the Port Talbot site with a capital cost of £1.25 billion (USD 1.54 billion) inclusive of a grant from the UK Government of up to £500 million ($621 million), subject to relevant regulatory approvals.
Indian firms could soon list in London, it has been announced as part of a package of plans unveiled Monday by UK Chancellor Jeremy Hunt alongside Indian Finance Minister Nirmala Sitharaman, as they met in Delhi for face-to-face talks.
Gaydon (UK): Tata Sons today announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually.
London/UNI: The Bank of England is expected to announce the biggest hike in interest rates in more than three decades at 12 pm on Thursday local time.
Rishi Sunak, the former chancellor of the UK's treasury has become the country's Prime Minister after Liz Truss quit the role in just 45 days as 40-year-high inflation gripped the nation, dealing a blow to the households that have been already cutting down daily expenses, and now several even plan to stay away from Christmas shopping.