UK Edition – September 2018

///UK Edition – September 2018

A new public sector merger bodes well for Indian banking reform

2018-10-05T06:17:19+00:00October 4th, 2018|2017/2018, UK Edition – September 2018|

The big news from the Indian banking sector this month has been the bold announcement that three public sector banks – Bank of Baroda, Vijaya Bank and Dena Bank – will merge to create India’s third-largest lender. Last year, India’s largest bank, the State Bank of India (SBI), merged with State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP) to create [...]

India-US 2+2 Strategic Dialogue: A good beginning but…

2018-09-21T14:29:50+00:00September 21st, 2018|2017/2018, UK Edition – September 2018|

The first-ever 2+2 dialogue between foreign and defence ministers of India and the US has resulted in a closer strategic relationship but adding an economic component to the talks could add heft to this very important bilateral relationship. The much anticipated and twice-delayed 2+2 dialogue between the Indian External Affairs and Defence Ministers and the US Secretary of State and US Secretary of Defence has answered several questions that had been exercising the global strategic community. All of them are [...]

Falling Rupee could hurt India, but long-term damage unlikely

2018-09-24T10:34:34+00:00September 21st, 2018|2017/2018, Home Page, UK Edition – September 2018|

The depreciating Indian currency could force the Reserve Bank of India (RBI) to hike rates and some foreign investors to pull out. This may cause some turmoil over the short to medium term but the longer term outlook is not all bad. The Indian Rupee continues to fall. By mid-September it was hovering around the 72.97 mark to the US Dollar and could well breach the 73 per USD mark and depreciate further in the days ahead. In India, which [...]

How technology is enabling the India-UK relationship to grow from strength to strength

2018-09-24T10:35:35+00:00September 21st, 2018|2017/2018, Home Page, UK Edition – September 2018|

Rolls-Royce’s India chief explores the India-UK relationship from the context of manufacturing and technological advancements. India and the UK have been collaborating across multiple fields and at diverse levels. Several UK companies continue to play a major part in supporting India’s development. For example, Rolls-Royce has been supporting Indian Armed Forces since the past 85 years when it powered the first aircraft of both Indian Air Force and the Navy. Today, the share of Indian companies investing in the UK [...]

Any clues? The UK’s ‘Global Britain and India’ inquiry is timed just right

2018-09-28T12:14:56+00:00September 21st, 2018|2017/2018, Home Page, UK Edition – September 2018|

A recently announced inquiry by the UK Parliament’s influential Foreign Affairs Committee on how Global Britain must engage with India is welcome and much needed, writes India Inc. Founder & CEO Manoj Ladwa. I was fascinated and somewhat enthused when British PM Theresa May coined the term “Global Britain” soon after coming to power to indicate how a post-Brexit UK would not sink into isolation but welcome engagement with the wider world. Her first foreign engagement was in New Delhi, [...]

UK returns 12th century stolen Buddha statue to India

2018-09-21T08:14:07+00:00September 21st, 2018|2017/2018, UK Edition – September 2018|

In what was held up as an example of India-UK collaboration across all sectors, Britain’s Metropolitan Police recently marked India’s Independence Day by handing back a rare buddha sculpture stolen from India in 1961. Scotland Yard returned a 12th century Buddha statue stolen from Nalanda in Bihar nearly 60 years ago to the Indian High Commissioner to the UK, Y.K. Sinha, as part of a ceremony to mark Independence Day at India House in London on August 15. The bronze statue with [...]

Indian market will help improve the UK’s market share of globally mobile students

2018-09-21T14:33:36+00:00September 21st, 2018|2017/2018, UK Edition – September 2018|

A policy specialist presents some of her key findings from an official Higher Education report that calls for greater flexibility on Indian student numbers coming to the UK post-Brexit. The Higher Education Commission is set to publish its sixth inquiry titled ‘Staying Ahead? Are International Students Going Down Under?’ this September. The inquiry was initiated with the aim of assisting the Government to achieve its ambition of boosting the value of international higher education to £30 billion by 2020, but [...]

The UK-India banking story: Mutual growth and innovation

2018-09-21T13:37:37+00:00September 21st, 2018|2017/2018, UK Edition – September 2018|

The banking sector head of one of India’s leading software giants, Infosys, explores the strengths of the bilateral partnership in the field. Historically, India and the UK have been long-standing trade and investment partners. Over the past few years, the dynamic of this relationship has changed significantly driven by explosive growth, innovation and policy reform within India. A report by PwC predicts that India will become the world’s third largest domestic banking sector by 2050 after US and China. The [...]

Weaving Indian heritage and culture into hospitality

2018-09-21T13:35:56+00:00September 20th, 2018|2017/2018, UK Edition – September 2018|

Puneet Chhatwal, Managing Director and CEO of Indian Hotels Company Limited (IHCL), talks ‘India Global Business’ through the Indian hospitality major’s latest tie-up with the Hayre Group to set up a new Vivanta Hotel in London. He also delves into wider global plans for the company behind the iconic Taj brand of hotels. What is at the heart of IHCL’s tie-up with the Hayre Group? IHCL was the first Indian hospitality company to foray into the United Kingdom with the [...]

Building shared prosperity across the Commonwealth of nations

2018-09-21T15:02:08+00:00September 19th, 2018|2017/2018, UK Edition – September 2018|

Pegged around a recent visit to Bangladesh, the Commonwealth Secretariat presents a vision of shared goals across the 53-member organisation. Secretary General Patricia Scotland recently shared her vision to ensure that the Commonwealth remains relevant and vigorous during “troubled and troubling times”. She was speaking at the Bangladesh Institute of International and Strategic Studies (BIISS) seminar during her first official trip to the country. Joining the Secretary-General, on the theme of “Commonwealth Advantage: Progress and Potential”, were Foreign Minister Abul Hassan Mahmood Ali and [...]