Search Result for : David Cameron

The Dollar Business Bureau With Conservative party’s move ensuring a female lead to replace Prime Minister David Cameron, two women will battle it out to be the next PM of UK. Since Margaret Thatcher, the first female PM of UK, stepped down 26 years ago, Conservative party’s move will give way to the second female PM. The governing party chose two candidates, Theresa May and Andrea Leadsom to contest the battle to be held in September. May is the home secretary and Leadsom is junior minister of energy. Either of the two women will replace Cameron, who stepped down as Britons chose to ‘Leave’ European Union. UK is grappling with the consequences and planning for future of economy as it stunned the world with ...

The Dollar Business Bureau Britain has finally made up its mind! The British people have voted to leave the European Union (EU) in Thursday’s historic referendum, leaving the world in a tizzy and impacting the stocks, currencies and commodities worldwide. Following the vote, Prime Minister David Cameron announced his resignation. "I will do everything I can as Prime Minister to steady the ship in coming months, but I do not think it would be right for me to captain that ship. There is no need for a precise timetable today, but we should aim to have a new prime minister in place by the start of Conservative conference in October," he said on Friday morning during a press conference.  The results, officially announced on ...

The Dollar Business Bureau As Brexit became a reality on Friday, after 52% of United Kingdom voters voted in favour of Britain exiting the European Union (EU), several global market analysts had predicted that Brexit will result in global market plummeting and extreme currency volatility across the world, thereby raising concerns among the investors for global economic growth. In India, its impacts were seen early Friday, with Sensex plunging by more than 1,000 points in early trading and knocking off close to Rs. 4 lakh crore from the investors’ wealth in the stock markets. Indian Finance Minister Arun Jaitely, however, played down concerns following the UK referendum and said India is well prepared to deal with any short term or long term consequences. ...

The Dollar Business British Prime Minister David Cameron has offered to take 25% of Tata steel's equity stake to support the sale of its UK operations. The Cameron government offered support to India’s Tata Steel, concerned that the move could affect 15,000 jobs.  Despite announcing plans to pull out its business from the UK and beginning the process of sale of its plants, Tata has still not completely ruled out to keep its UK businesses including Port Talbot steelworks, if conditions improved. Earlier in March, Tata announced that it is quitting its steel business from UK, leaving the UK government struggling to save an industry which was hit by cheaper Chinese imports, low demand, and high costs. While Cameron is pushing ...

British Infrastructure Envoy Alok Sharma's visit to India to focus onhow the city of London can develop as a trading hub for the rupee and the potential for cooperation on green financing that can help to fund India's renewable energy and clean transport plans The Dollar Business Bureau Both countries agreed to explore ways to encourage increased investment in infrastructure with the aim of developing an India-UK partnership fund under the umbrella of India's flagship infrastructure investment initiative   British Premier David Cameron's Infrastructure Envoy to India Alok Sharmas visit, is intended to boost the economic and financial ties between the two countries and to raise joint funds for infrastructure investment. Both countries agreed to explore ways to encourage increased investment in infrastructure with ...

Source: PTI UK Parliamentarians and Lords calls on the Prime Minister Narendra Modi after his address, at Wembley Stadium, in London on Friday   Top CEOs from India and the UK pitched for a more transparent and consistent decision-making regime as also a uniform treatment of corporates across the world, as Prime Minister Narendra Modi vowed to “ceaselessly” work towards Indian economy's integration with the world. A reconstituted India-UK CEOs Forum, during its first meeting on Friday, identified six overarching themes as important areas of collaboration to take forward -- smart cities and the digital economy, healthcare sector, education and skills, engineering, defence and security, and financial and professional services. The meeting took place in presence of Modi as well as ...

The Dollar Business Bureau India, in the last one year, has taken a slew of initiatives to remove its domestic bottlenecks and ease its regulatory policies. Earlier this week, the government eased FDI rule in 15 key sectors, including insurance, to attract greater foreign investments in India. The move has already started to show results as UK’s insurance industry, with joint ventures in India, announced investments worth about £238 million, subjected to regulatory approvals. UK has also pledged to partner India in its ambitious urban developmental goals under ‘Smart India’ mission and will jointly develop Indore, Pune and Amaravati through technical assistance, expertise sharing and business engagem India and UK on Friday announced the signing of bilateral trade agreements worth £9 ...

India is one of the top five gin markets in the world, and Fever-Tree sees India as a long-term platform for its growth Jayashankar Menon | @TheDollarBiz UK Deputy Prime Minister Nick Clegg during the launch at the British High Commission on August 25, 2014 as part of the UKTI trade mission Tim Warrillow, promoter of the UK-based gin manufacturer Fever-Tree, is in India along with the UK Trade and Investment (UKTI) delegation led by the UK Deputy Prime Minister Nick Clegg. The delegation is visiting India as a part of the British Government's policy to boost exports and Prime Minister David Cameron's commitment to increase exports to one trillion pounds (about $1.65 trillion) by 2020. Fever-Tree could play an important role in ...