LONDON LISTING
UK general election: Record number of Indian-origin MPs elected to Parliament
Rishi Sunak won Richmond and Northallerton. 28 Indian-origin MPs joined the House of Commons. Suella Braverman, Seema Malhotra, Claire Coutinho retained seats. Labour's landslide victory included Lisa Nandy. Munira Wilson won Twickenham. Keith Vaz contested as Independent. Major Conservative losses. Jeremy Corbyn defeated Praful Nargund. 87 ethnic minority candidates contribute to a diverse Parliament, including British Sikh MPs.
UK-based IT firm Noventiq scraps SPAC deal to list on Nasdaq
London-headquartered information technology firm Noventiq and special purpose acquisition company Corner Growth Acquisition have mutually agreed to terminate their blank-check deal, the companies said on Thursday. The two last year struck a SPAC deal that would have resulted in the combined company being publicly listed on U.S. exchange Nasdaq.
Indian eateries now New York's gastronomic toast
They are among the notable, far-ranging Indian dining spots around town, many at the higher tiers of the price spectrum. Collectively, Indian restaurants are becoming something of a power dining scene, drawing customers from the upwardly mobile population of New Yorkers with roots in the subcontinent. To this already impressive list, you can now add Kanyakumari, which dishes out delicacies from India's 4,700-mile coastline at the more easily accessible Union Square.
Fast fashion retailer Shein filed for London listing in early June, say sources
The Chinese-founded company, which was valued at $66 billion in a fundraising round last year, had started engaging with its financial and legal advisors to explore a listing on the London Stock Exchange early this year, sources told Reuters in May.
Mangoes at Rs 2400, bhindi at Rs 650 per kg: Indian groceries in London vs India leave netizens SHOCKED. Viral Video
A viral video on Instagram showcased the exorbitant prices of Indian groceries in London, shocking viewers. Items like Lay's Magic Masala, priced at ₹95 compared to ₹20 in India, and Alphonso mangoes at ₹2,400 for six pieces highlighted the steep cost differences. The video sparked online discussions about income disparities, purchasing power parity, and the economic context behind these price variations, leaving many consumers astonished at the price tags in London's Indian grocery stores.
Saudi, French funds to acquire 38% of Heathrow airport
Heathrow, one of the world's busiest airports, is owned by the consortium FGP Topco Limited with Spanish infrastructure giant Ferrovial holding the lead role with a 25-percent stake.
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Top UK universities face funding and foreign student shortage
The QS 2025 university rankings revealed challenges for UK universities, with funding cuts and regulations impacting their global appeal. Four British universities ranked in the top 10, with Imperial College London surpassing Oxbridge schools. The decline in student applications and restrictions on international students are concerning trends.
London consulate attack protest date advanced after crackdown on Amritpal, reveals NIA probe
The investigation into the 2023 attack on the Indian consulate in London has taken a new turn with revelations that the protest date was moved up to March 19, 2023, from March 22, 2023. This change was reportedly prompted by a crackdown on radical preacher and Waris Punjab De (WPD) chief Amritpal Singh by the Punjab police the previous year.
Rishi Sunak's Rs 79,000 Tumi backpack draws criticism during Cornwall campaign ahead of UK elections
With a month left before the UK general election, Prime Minister Rishi Sunak is actively campaigning across the country. His recent campaign trip to Cornwall, where he was spotted with a £750 personalized backpack, has sparked discussions. Known for his luxury items, Sunak's wealth, alongside his wife Akshata Murty, has been a topic of interest, especially as the couple is the richest ever to reside at Downing Street.
Chinese "allegedly invaded" India in 1962: Mani Shankar Aiyar triggers fresh row
Former Union Minister MShankar Aiyar shared a personal anecdote about the Indian Foreign Service exams and his rejection due to suspicions of communist affiliations and ties to China.
Time up: BHP gives up plan to take over its rival Anglo American
BHP's aim was to secure Anglo's prized copper assets in Latin America and increase access to a metal central to the global shift towards clean energy and electric vehicles. But the structure of BHP's deal, which required Anglo to unbundle its South African platinum and iron ore businesses, was a major reason for its collapse.
Fuze: Everything we know about heist thriller's plot, cast and production
Theo James stars with Aaron Taylor-Johnson in "Fuze," a heist thriller directed by David Mackenzie. Filming starts in July. The story revolves around a WWII bomb discovery in London, sparking a mass evacuation and a heist.
Indian entrepreneur shares plight of Schengen Visa delays, says even Rs 4 lakh and months of waiting aren't enough
An Indian investor based in London, Aashima Arora, missed an international flight despite spending over Rs 4 lakh and waiting months for a Schengen visa to visit Denmark. Arora, a venture capitalist at LocalGlobe, expressed frustration over the lengthy visa process, highlighting the impact on her business plans. The wait time for Schengen visas remains particularly high for Indian travelers.
Rishi Sunak's summer election brings hope to Britain's bruised financial sector
Executives in London's financial hub are cautiously optimistic about the upcoming UK elections on July 4, hoping for a government that prioritizes stability and supports the finance sector. Despite the likelihood of a Labour Party victory, which would mark a significant political shift, business leaders are relatively calm. Boris Johnson's past dismissals of financial concerns, particularly regarding Brexit, strained relations with the City, but recent efforts to mend ties have been noted.
BHP shares fall after Anglo American rejects third proposal
BHP, the world's biggest listed mining group, now has until May 29 to make a binding offer for Anglo American or it will be forced to walk away for at least six months, under the UK's takeover rules.
WisdomTree to list crypto products on London Stock Exchange
Britain's financial regulator has approved WisdomTree's bid to list exchange-traded products (ETPs) backed by cryptocurrencies bitcoin and ether on the London Stock Exchange, the asset manager said on Wednesday ahead of an expected launch this month.
World’s most turbulent flight routes show rough rides are everywhere
A British man died and seven were critically injured on a Singapore Airlines Ltd. flight from London to Singapore due to severe turbulence, leading to an emergency landing in Bangkok. The incident highlighted the instability of air routes, including the turbulent Santiago to Santa Cruz route.
Katrina Kaif-Vicky Kaushal's viral video from London fuels pregnancy rumours, netizens say 'she seems more pregnant than Deepika': Watch
The recent video of Katrina Kaif and Vicky Kaushal strolling through London has sparked pregnancy speculations among fans. Despite the buzz on social media and past rumors, an insider advises caution, stating that the couple has not confirmed any family plans. Fans eagerly await official news while observing the couple's activities in London and their respective work projects.
Mukesh Ambani to host Anant-Radhika's 2nd pre-wedding celebration on cruise? All you need to know about date, venue, guest list
Mukesh and Nita Ambani are set to host a second pre-wedding bash for their son Anant Ambani and Radhika Merchant. Following a grand celebration in Jamnagar, Gujarat, the new festivities will take place on a luxury cruise from Italy to southern France from May 28-30. The guest list includes high-profile celebrities such as Shah Rukh Khan, Salman Khan and Alia Bhatt. Around 800 guests and 600 hospitality staff will attend the event, ensuring a lavish and memorable celebration.
5 world market themes for the week ahead
Markets are hoping for evidence that will solidify a brightening global economic outlook, though rising trade tensions are casting a cloud, while G7 finance ministers gather in Italy.
Infosys shareholding boosts British PM Rishi Sunak, wife Akshata Murty's rank in Sunday Times Rich List
British Prime Minister Rishi Sunak and wife Akshata Murty rise in the 'Sunday Times Rich List' to 245th place with GBP 651M wealth, notably from Murty's Infosys shares. Murty's earnings surpass Sunak's, boosted by GBP 13M in dividends. Indian-origin Hinduja family leads with GBP 37.196B wealth, as Sir Paul McCartney becomes UK's first billionaire musician.
Flood alert across UK, people warned against travel. Why does UK experience extreme weather conditions?
Heavy downpours in the UK have resulted in increased water levels in the river and surface areas. This has led to flood warnings which could impact travel over the coming weekend.
CapitaLand India Trust (CLINT) appoints Gauri Shankar Nagabhushanam as Chief Executive Officer-Designate.
Gauri Shankar Nagabhushanam is set to become the Chief Executive Officer of CapitaLand India Trust (CLINT) in August 2024. He brings over 20 years of experience in real estate private equity, fund management, and corporate finance. Previously, he served as CEO of India Business Park at CapitaLand Investment, overseeing the growth of business parks in India. Gauri holds a Master's in Finance from the London Business School and has worked with companies like Ascendas-Firstspace, Deloitte, TAIB Bank, and Samba Financial Group.
Shein steps up London IPO preparations amid US hurdles to listing
Shein pivots to a London IPO from New York, facing U.S. regulatory challenges. The online retailer, valued at $66 billion, navigates hurdles with plans for a dual U.S. listing post-London float, monitoring the political climate.
Foreign investment in UK finance sector halves in 2023, says City of London
About 7,000 jobs also left the UK for new post-Brexit hubs opened in the European Union by banks, insurers and asset managers to avoid disruption from Britain's departure from the bloc.
Behind London Stock Exchange's move to list crypto ETNs in May
After the US permitted cryptocurrency securities trading, the UK's London Stock Exchange plans to introduce bitcoin and Ethereum exchange-traded notes, pending UK regulator approval, boosting investor confidence.
Mumbai beats Beijing to emerge as the new billionaire hub of Asia, Hurun Research's list shows
Mumbai has become Asia's leading billionaire hub, surpassing Beijing for the first time, according to Hurun Research's 2024 Global Rich List. The financial capital of India now has 92 billionaires, edging past Beijing's 91. This places Mumbai third globally in terms of billionaires, with New York leading with 119 and London with 97.
Shein considers London IPO amid US resistance to listing
Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the people said, asking not to be identified discussing confidential information.
Help! My London rental apartment vanished and I’m out $3,100: What to do if you fall for a 'suspicious listing'
Booking.com, as does Airbnb and Vrbo, restricts hosts and guests from exchanging contact information before a reservation is made, but does generally allow hosts and guests to exchange contact information afterward, even as they encourage users to keep communication on the platform.
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