Skip to content
Search

Latest Stories

Hinduja group company 'wins Brexit hotline contract'

Hinduja group company 'wins Brexit hotline contract'

HINDUJA Global Solutions (HGS) has won a contract from the UK government to provide hotline services to British businesses in international trade as new rules of Brexit will kick in, a media report said.

It will help companies negotiate a range of new rules, including documentation and physical checks on goods, that are due to come into force next year, The Times reported.


The Department for International Trade is expected to announce details of the hotline this week.

A hotline is found necessary as international trades will face full controls at the UK’s borders from January 1.

HGS did not respond when Eastern Eye asked the Bengaluru-based company if it could confirm having won the contract.

The business process management firm has a global presence including in the UK, the US and India.

Shares of the Hinduja Group company closed 0.38 per cent down at Rs 2845.70 (£28.42) on the Bombay Stock Exchange on Thursday (30).

More For You

ola-reuters

Ola stated it has clarified the matter with the CCPA and is working to address any misunderstandings. (Photo: Reuters)

After Uber, Ola also refutes claims of charging Apple users more than Android users

INDIAN ride-hailing company Ola has denied claims that it charges users differently based on their phone models. The statement comes a day after its competitor Uber also dismissed similar allegations.

The Central Consumer Protection Authority (CCPA), acting on directives from consumer affairs minister Pralhad Joshi, had issued notices to Ola and Uber following media reports and complaints.

Keep ReadingShow less
Rachel Reeves

Reeves also gave her clearest signal yet of support for expanding London’s Heathrow airport. (Photo: Getty Images)

Reeves signals focus on lower taxes, less regulation

CHANCELLOR Rachel Reeves stated that the country’s finances were now stable following her October budget, adding that her future focus would be on reducing taxes and cutting regulation.

“Now we have wiped the slate clean,” Reeves said, referring to the October budget.

Keep ReadingShow less
Rachel Reeves

Chancellor Rachel Reeves, who has pledged fiscal discipline, faces increasing pressure to address the growing deficit. (Photo: Getty Images)

Government borrowing in December hits four-year high

Government borrowing in December 2024 reached £17.8 billion, the highest level for the month in four years, according to the Office for National Statistics (ONS).

This figure is £10.1bn more than in December 2023 and significantly exceeds the £14.6bn forecast by the Office for Budget Responsibility (OBR).

Keep ReadingShow less
uk-rich-getty

Two men speak together as they cross over a footbridge in London's central business district of Canary Wharf. (Photo: Getty Images)

One millionaire leaves UK every 45 minutes, study finds

A RECORD number of millionaires have left the country since Labour took office, with concerns mounting over the party’s tax policies.

A study by New World Wealth and Henley & Partners revealed that Britain lost a net 10,800 millionaires in 2024, marking a 157 per cent rise from the previous year.

Keep ReadingShow less
UK to lead European growth in 2025, predicts IMF

FILE PHOTO: A view of the Bank of England and the financial district, in London, Britain. REUTERS/Mina Kim.

UK to lead European growth in 2025, predicts IMF

BRITAIN is set to have the fastest growth among major European economies this year, according to the International Monetary Fund, a boost to finance minister Rachel Reeves who is under pressure over a slowdown since her party came to power in July.

The IMF has raised its forecast for British growth for 2025 by 0.1 percentage points to 1.6 per cent, making it the third-strongest among the Group of Seven advanced economies after the US and Canada.

Keep ReadingShow less