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UK's higher salary thresholds for overseas skilled work visas kick in

Significantly higher salary thresholds for overseas workers, including Indians, applying for the UK's Skilled Worker visas kicked in on Thursday, as part of tough new measures announced earlier to cut Britain's overall migration figures. For those applying under the Skilled Worker visa route, the salary threshold for an application will rise from GBP 26,200 to GBP 38,700 an increase of 48 per cent. The UK Home Office said it forms part of a robust and fair package of measures, which will mean 300,000 people who arrived in the UK last year would now not be able to and also prevent undercutting of domestic workers by cheap overseas labour. It's time to turn off the taps and end the flow of cheap workers from abroad. Mass migration is unsustainable, and it's simply not fair. It undercuts the wages of hard-working people who are just trying to make ends meet, said UK Home Secretary James Cleverly. We are refocusing our immigration system to prioritise the brightest and best who have t

TCS sets up Pace Port in London to promote business, tech collaboration

Seventh such international facility the Indian IT services company has set up

Wipro appoints Anne-Marie Rowland as CEO of Capco effective April 1

As CEO, Rowland will report to Delaporte and will become a member of Wipro's Executive Committee

Obama-Sunak's first one-to-one meet surprises many: All you need to know

Rishi Sunak was "happy" to have Barack Obama at 10 Downing Street, the official residence of the UK PM, where the two held informal talks, an official statement said

UK officials deny reports claiming King Charles III has passed away

Multiple media outlets, including those in Russia, claimed on Monday that King Charles III had passed away. This comes as the UK King is being treated for cancer since his January surgery

Air India deboards Religare Enterprises Chairperson Saluja from UK flight

The incident happened on flight AI 161 before the scheduled pushback for take off and Saluja was deboarded following advice from the captain of the flight

OnlyFans paid $15 billion to its creators since launch in 2016: CEO Blair

OnlyFans is an online content creation platform with about 3.1 million creators. The website takes one-fifth of the payments generated on it and paid about $5.6 billion to its creators in 2022

Jacob Rothschild, banker who turned away from dynasty, dies at 87

Jacob Rothschild was also one of the UK's leading philanthropists. He chaired the boards of the National Gallery and the National Heritage Lottery Fund

MCR Hotels to purchase London's iconic BT Tower for around $347 million

The tower used to provide a number of network operations and antennas for connectivity, but the technology isn't needed any longer

King Charles III admitted to hospital for scheduled prostate operation

Britain's King Charles III was on Friday admitted to a private hospital here for treatment for an enlarged prostate, Buckingham Palace announced. The procedure will be carried out at the London Clinic private hospital, where Catherine, the Princess of Wales, had surgery last week. The 75-year-old King visited the Princess of Wales in the hospital this morning, ahead of his own scheduled treatment. It is not yet known how long King Charles will remain in hospital. King Charles III had made his health problem public as a way of sending a message to other men to get their prostates checked. A statement from Buckingham Palace said the King was "delighted to learn that his diagnosis is having a positive impact on public health awareness". He also thanked those who had "sent their good wishes," the BBC reported. The plan for King Charles to have a "corrective procedure" for his enlarged prostate was revealed by the palace last week. A benign prostate problem, which is non-cancerous,

Qatar's $450 billion sovereign wealth fund won't abandon Canary Wharf

Canary Wharf has struggled since the pandemic led to a shift to flexible working, bringing in fewer workers to populate the desks of the large office blocks that dominate its skyline

Rajnath Singh meets Rishi Sunak in London during his first official visit

The Defence Minister is currently on an official visit to Great Britain. The visit marks the first visit by a sitting Indian Defence Minister to the UK in more than 20 years

India emerges as key market for technology investments into London in 2023

India emerged as a key market for technology investments into London this year as a leading source in the tally for the UK capital's 100 foreign investment projects in the sector for 2023, according to the city's business growth agency. London & Partners said in an analysis released last week that among the 100 foreign direct investment (FDI) projects for the year, India leads with a 29 per cent share of inward investment. A sector that witnessed significant growth was climate tech, including an investment from RoadMetrics an artificial intelligence (AI) software mobility company from Bengaluru. India emerges as a key market...among the 100 FDI projects won by London & Partners, India leads with a 29 per cent share of inward investment into the capital, followed by Europe (24 per cent), and North America (23 per cent), London & Partners said in a statement. One sector that has witnessed significant growth is climate tech, which now makes up 23 per cent of FDI into the ...

Billionaire Adar Poonawalla to pay £138 mn for Mayfair mansion in London

Indian billionaire Adar Poonawalla has agreed to pay £138 million for Aberconway House, a 1920s home near Hyde Park, in one of the city's most expensive home sales of the year

Japanese buyers snap up New York, London buildings in spending spree

A Manhattan skyscraper, data centers in Toronto and office buildings in London are among the assets that Japanese companies and pension funds have scooped up this year

Indian, Australian High Commission to UK co-host Indo-Pacific conference

The unique collaboration brought together leading experts from Australia, India, and the United Kingdom to address threats to regional security and enhance strategic stability

Saudi Arabia to buy 10% stake in Heathrow airport in ownership reshuffle

The fund is buying the stake as Spain's Ferrovial sells down its 25 per cent holding

Sony faces $7.9 billion mass lawsuit over PlayStation Store prices in UK

Sony Interactive Entertainment (SIE) was sued last year on behalf of nearly nine million people in the United Kingdom who had bought digital games or add-on content through Sony's PlayStation Store

A rare 1926 Macallan whisky sold for a record price at a Sotheby auction

A 1926 Macallan whisky created history by selling at a record price of Rs 22 crore at a Sotheby auction in London. The whisky also has a label of Valerio Adami

EAM Jaishankar presides over repatriation of 2 stolen idols in UK

External Affairs Minister S Jaishankar on Wednesday presided over a repatriation ceremony in London for two 8th-century temple idols stolen from India and discovered in England recently. The Yogini Chamunda and Yogini Gomukhi idols, stolen from a temple in Lokhari in Uttar Pradesh between the late 1970s and the early 1980s, were recovered by the High Commission of India in London with support from India Pride Project, and Art Recovery International. Jaishankar unveiled the idols at India House on the final day of his five-day visit to the UK and said he looked forward to their return to their home country. It is important today, as we look to appreciate each other's culture, to ensure that cultural exchanges are legal, transparent and rules-based, said Jaishankar. Where there have been deviations, whenever these are corrected I think this is something of great importance, not just in this case, but as a message that this is a practice which is not acceptable in this day and age, he