Page 3 - Uk Firms

Volex acquires majority stake in inYantra Tech in $13-mn transaction

inYantra Technologies Pvt Ltd on Monday said UK-based integrated manufacturing-services and power products company Volex plc has acquired a majority stake in it in a transaction totalling $13 million

Hindujas top rich British Asians' list, wealth rises £2.5 billion

No Covid-induced gloom as British-Asian businesses record over 20% rise in combined wealth in 2021

India opens inflight data market to UK satellite firm Inmarsat

Inmarsat's connectivity comes from satellites in geostationary orbit, but it will likely end up competing with new deep-pocketed low-earth orbit satellite rivals like Elon Musk's SpaceX

UK-based Tide forays into India, commits Rs 1,000-crore investment

Tide is a British company focused on providing financial and administrative solutions to small businesses

UK companies hire the most in 23 years after Covid-19 lockdown loosens

Relaxed restrictions lifted their Permanent Placements Index to 67.4, showing strong growth.

Triumph launches all-new Trident 660 model in India, priced at Rs 6.95 lakh

Triumph on Tuesday launched an all-new Trident 660 model in India at an introductory price of Rs 6.95 lakh (ex-showroom), making its foray into the middleweight roadster segment

Food delivery firm Deliveroo eyes $12 billion market cap in upcoming IPO

Deliveroo said on Monday that its upcoming initial public offering will value the company at up to 8.8 billion pounds ($12.19 billion)

Britain's NatWest bank faces money laundering charges, rise in costs

The action is the first such case against a British bank under a 2007 money laundering law

UK to hike corporation tax to 25% from 19% from 2023, says FM Sunak

Sunak said small businesses with profits of less than 50,000 pounds a year would be charged only 19%

New 'Britain Meets India' report identifies 572 UK companies in India

The report, by Grant Thornton Bharat and Confederation of Indian Industry (CII), is the sister tracker of an annual 'India Meets Britain' tracker of Indian companies operating in the UK

Toscafund to buy UK broadband firm TalkTalk in $1.5 billion deal

The buyers said TalkTalk would be able to access more debt and equity options as a private company and would not face the regulatory burdens of being listed

Brexit creates jobs for customs staff in India as firms seek cheaper labour

Metro Shipping, which moves goods for some of Britain's largest retailers and automotive companies, has taken on 17 extra staff in Chennai, India in recent weeks to handle Brexit-related work

UK firms say India has become easier for business, want solution to tax row

Annual report on UK companies says retrospective amendment to India's Income Tax Act is a dampener.

Covid-19 impact: Planned layoffs at British companies surge in June

Businesses are required to inform the Insolvency Service if they plan to cut 20 or more jobs

UK factories increasingly plan lay-offs, to recover from Covid-19: Survey

The survey showed only a slight improvement in gauges of revenue and new orders

Energy Efficiency Services JV becomes fastest-growing Indian firm in UK

The EPAL's watershed moment was in 2018 when it acquired Edina, UK's leading supplier, installer and maintenance provider for Combined, Heat and Power solutions.

UK to publish work plans once curbs are lifted as firms press for support

Firms will get advice on different types of workplace activity, including operating outdoors or inside someone else's home, according to two people with knowledge of the government's plans.

Many UK firms unable to find employees to fill digital positions: Report

ver two-third (67 per cent) of the companies surveyed said they have unfilled digital vacancies