Skip to content
Search

Latest Stories

Tata to construct India's new parliament building worth £90m

By Pramod Thomas

TATA-group company is all set to build India's new parliament building worth £90m, which will replace the existing colonial-era complex by 2022.


Tata Projects has won the bid to build the complex in the heart of the national capital, Delhi.

The country targets to open the new building when India celebrates 75 years of independence in two years.

Many object the move saying that the money should be spent on fighting Covid-19 in the country.

India reported another record jump in daily coronavirus infections with 97,894 cases in the last 24 hours, data from the health ministry showed on Thursday(17).

With 5.12 million cases in all, India is the world's second-worst affected country, and trails only the US, which has a caseload of around 6.6 million.

The country has also reported more than 80,000 deaths from the virus so far.

According to the Indian government, a new building is a necessity as the current one dates back to the 1920s and is 'over-used'.

Reports said that the proposed building will be larger than the current one, and will have seating for 1,400 MPs.

It will be a three-storey triangular structure, and is part of a $2.7bn government plan to modernise old colonial government buildings in Delhi.

The demand for a new parliament building dates back to nearly a decade with successive speakers of the parliament supporting the need for a new parliament building.

British architect Herbert Baker built the existing circular parliament building with a large domed hall and finished it in 1927.

Headquartered in Mumbai, Maharashtra, Tata Group is one of the biggest and oldest industrial groups in India, founded in 1868.

Each Tata company, including Tata Projects, operates independently under the guidance and supervision of its own board of directors and shareholders.

More For You

Sainsburys-Getty

The company expects to generate £1bn in profit, with an underlying dip of around £36m, as competition intensifies across the supermarket sector. (Photo: Getty Images)

Sainsbury's warns of profit dip amid supermarket price war

SAINSBURY’s has forecast that profits from its retail operations may remain flat or decline over the coming year as it continues to reduce grocery prices.

The company expects to generate £1bn in profit, with an underlying dip of around £36m, as competition intensifies across the supermarket sector.

Keep ReadingShow less
Streeting pledges ‘future stability’
for pharmacy with £3.1bn funding
Wes Streeting delivered a video message
Wes Streeting delivered a video message

Streeting pledges ‘future stability’ for pharmacy with £3.1bn funding

HEALTH SECRETARY Wes Streeting said the new £3.1 billion funding package for community pharmacy was a “vital step forward” for the profession as it emerges from a decade of underinvestment and financial strain.

His remarks came at the annual Pharmacy Business Conference last week, attended by more than 240 delegates, including industry leaders who shared valuable insights on funding, independent prescribing, and the role of AI in community pharmacy.

Keep ReadingShow less
Gold

Gold had surged 3.6 per cent on Wednesday after US president Donald Trump ordered an investigation into possible tariffs on all critical mineral imports.

Getty Images/iStockphoto

Gold eases after record high as investors book profits

GOLD prices dropped over 1 per cent on Thursday as investors locked in gains following a sharp rise in the previous session.

The fall came ahead of a long weekend, although gold stayed above $3,300 (£2,481) an ounce, supported by a weaker dollar and ongoing US-China trade tensions.

Keep ReadingShow less
India’s diamond exports hit 20-year low amid weak US and China demand

India handles nine out of every 10 diamonds processed globally

India’s diamond exports hit 20-year low amid weak US and China demand

INDIA’S exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the 2024-2025 fiscal year, which ended in March, on sluggish demand from the United States and China, a leading trade body said on Monday (14).

India is the largest cutting and polishing hub, handling nine out of every 10 diamonds processed globally. But it is sensitive to economic uncertainty – particularly in the US, its biggest market.

Keep ReadingShow less
UK financial watchdog opens first offices in US and Asia

The international expansion forms part of the FCA's new strategy (Photo: Reuters)

UK financial watchdog opens first offices in US and Asia

BRITAIN's Financial Conduct Authority (FCA) has established its first-ever international presence with new offices in the US and Asia-Pacific region, the watchdog announced on Tuesday (15).

Former investment banker Tash Miah began working at the British Embassy in Washington DC in April. In her role, Miah will collaborate with the Department for Business and Trade to improve UK-US financial services policy and help American firms navigate British regulations.

Keep ReadingShow less