Skip to content
Search AI Powered

Latest Stories

Midlands businesses grab the limelight at annual Asian Business Awards

Successful entrepreneurs gathered in the home of English cricket in Birmingham to celebrate their rich contribution to the UK economy at the fifth Asian Business Awards Midlands last night (7).
Hosted by the Asian Media and Marketing Group (AMG), publishers of Eastern Eye and Garavi Gujarat news weekly, the evening also saw the unveiling of the 2017 Asian Rich List Midlands– a compilation of the 51 wealthiest Asians in the region.
Guests heard West Midlands Conservative mayoral candidate Andy Street battle it out with Labour's Sion Simon who both answered questions on what they can offer residents in the area's first mayoral election next month.
Dr Nikesh Kotecha, managing director of Morningside Pharmaceuticals scooped the coveted Asian Business of the Year award.
Established just over 25 years ago, the company manufactures branded generic medicines and is a leading supplier to NHS pharmacies and exports to some 80 countries around the world.
Last year Kotecha was one of 30 leading CEO’s who accompanied Theresa May on her first visit to India as prime minister. He was singled out by May as one of the stars of the pharma industry.
In total, eight awards were presented on the evening, with winners drawn from a range of diverse industries, including retail, restaurants and an independent cinema chain.
The glittering awards ceremony recognises the best of the business world – from those who established enterprises when they first arrived on these shore in the 1960s and 1970s to today’s innovators, who are forging their own unique path to success.
Guests at the iconic Edgbaston Stadium included senior politicians, business tycoons and community leaders.
Husband and wife team Ranjit Singh and Baljinder Boparan topped the Asian Rich List Midlands with their companies' Boparan Holdings- parent company of 2 Sisters Food Group which is one of the country's largest food suppliers. They are worth an impressive £900 million.
The evening also saw members of the audience generously donating to the charity appeal- India Heritage Research Foundation (IHRF) which is an international humanitarian foundation founded and chaired by H.H. Pujya Swami Chidanand Saraswatiji.
IHRF runs and sponsors free schools, women's vocational training programs, a medical clinic, orphanages and free medical health camps in India.
Asian Business Awards Midlands winners 2017
Healthcare Business Award
Jardines (UK) Limited
 
Restaurant Business Award
Five Rivers Group
 
Entrepreneur of the Year Award
Kailash Suri, Managing Director, Reel Cinemas
 
Community Champion Award
Nishti Ismail, Founder, Nishti's Choice
 
Manufacturing Award
Shahid Sheikh, Managing Director, Clifton Packaging
 
Businesswoman of the Year Award:
Dame Asha Khemka DBE, Principal & Chief Executive, West Nottinghamshire College
 
Fast Growth Business Award
HKS Retail Limited
 
Asian Business of the Year
Dr Nikesh Kotecha, Managing Director,Morningside Pharmaceuticals

More For You

Boohoo shareholders block Mike Ashley’s bid to join board
Mahmud Kamani

Boohoo shareholders block Mike Ashley’s bid to join board

SHAREHOLDERS of online fast-fashion retailer Boohoo have firmly rejected billionaire Mike Ashley’s attempt to secure a seat on its board. The decision, made at a shareholder meeting on Friday (20), follows a series of heated exchanges between Boohoo and Ashley’s Frasers Group.

A decisive 64 per cent of votes were cast against allowing Ashley and his associate, Mike Lennon, to join Boohoo’s board. Excluding Frasers Group’s 28 per cent stake in Boohoo, nearly all remaining investors voted against the proposal, reported the Financial Times.

Keep ReadingShow less
UK-retail-sales-Getty

Christmas shoppers are seen in Covent Garden on December 6, 2024 in London. (Photo: Getty Images)

Retail sales rise by 0.2 per cent in November after pre-budget decline

UK RETAIL sales increased by 0.2 per cent in November, according to official data, reflecting a modest recovery after October’s decline as concerns about the government’s budget eased. However, the growth was weaker than the 0.5 per cent increase forecast by economists polled by Reuters.

The Office for National Statistics (ONS) reported that the November rise marked the first increase since August. Over the three months to November, sales volumes grew by just 0.3 per cent, the weakest performance since the three months to June. Sales volumes had dropped by 0.7 per cent in October amid caution ahead of Chancellor Rachel Reeves’ tax and spending plan.

Keep ReadingShow less
Budget halted economic growth, Bank of England warns

Bank of England Governor Andrew Bailey reacts during a press conference at the Bank of England in London on Aug 1, 2024.

(Photo by ALBERTO PEZZALI/POOL/AFP via Getty Images)

Budget halted economic growth, Bank of England warns

THE Bank of England has cautioned that the UK economy is stagnating, following measures introduced in chancellor Rachel Reeves’s budget. Businesses are reportedly responding to tax hikes and a higher minimum wage by cutting jobs and raising prices.

Andrew Bailey, the Bank's governor, revealed that growth forecasts for the final quarter of 2024 have been downgraded to "zero." He also stressed a cautious approach to reducing interest rates, which remain at 4.75 per cent, citing economic uncertainty. “We need to ensure we meet the 2 per cent inflation target sustainably,” Bailey said.

Keep ReadingShow less
‘UK-India trade sees growth as
payments rise by 121 per cent’

India is increasingly seen as a hub for global business development, according to HSBC

‘UK-India trade sees growth as payments rise by 121 per cent’

BUSINESS activity between the UK and India flourished in 2024, with payments received by clients in Britain from India rising by 121 per cent, according to the latest data from HSBC UK.

The multinational bank highlighted the figures based on its two-way support for businesses within the India-UK corridor this week and said its data on payments and client referrals showed yearon-year growth.

Keep ReadingShow less
Adani Group
A logo of the Adani Group is seen on a commercial complex in Mumbai. (Photo: Reuters)

Bangladesh seeks renegotiation of Adani Power deal: Report

BANGLADESH's interim government has accused Adani Power, an energy company controlled by Indian billionaire Gautam Adani, of breaching a multi-billion-pound agreement by withholding tax benefits granted to a power plant central to the deal.

The agreement, signed in 2017, enabled Adani Power to supply electricity to Bangladesh from its coal-fired power plant in eastern India.

Keep ReadingShow less