Latest news with #by
Agriland
7 hours ago
- Business
- Agriland
Yara completes £7m upgrade of UK liquid fertiliser facility
Global crop nutrition company, Yara, has completed its long-term investment in liquid fertiliser capabilities at its Chedburgh terminal in the UK. The company has finalised the multi-million-pound upgrade of its liquid fertiliser terminal at Chedburgh, one of several UK terminals it operates. The £7 million phased project at the site in East Anglia is part of the overall Yara investment programme in Great Britain. The company has said the investment is aimed at ensuring safe and efficient operations, delivering high-quality products to its customers. Yara upgrade The completed project included a full rebuild of the Chedburgh terminal which produces nitrogen sulphur and compound NPK-grade liquid fertilisers. The bulk solids raw material store and the production building have been upgraded, with the terminal now fully operational. Yara has stated that central to its project planning was maintaining business continuity, with minimal impact to ongoing operations and customer experience. Terminal manager UK Liquids at Yara, Martin Saunders said: 'In order to minimise disruption, the project began post season 2024 and was completed in time for the 2025 campaign, a remarkable achievement. 'With Safe by Choice in mind, Yara worked closely with the main contractor who delivered the project on time with no reportable incidents demonstrating great teamwork from all stakeholders involved.' With this investment, Yara has said it is advancing operational excellence, securing safe, efficient operations and maintaining high product quality. It is estimated that this development will result in a 30% increase in production, achieved by a 60% increase in raw material storage capacity, improved high efficiency mixers and pipework capacity increases across the terminal. Investing in farming 'Investing in British farming is and always has been a top priority for Yara, and this investment in our Chedburgh terminal reinforces Yara's commitment to servicing our farmers in the east of England and the Midlands,' Saunders continued. The Chedburgh investment aims to contribute to Yara's ambition of achieving carbon neutrality. Reducing the terminal's carbon footprint was at the forefront of the company's decisions, from installing new boilers to adapting processes, resulting in a more environmentally sustainable operation, according to Yara. Crop nutrition farm account manager at Yara, Catherine McNair added: 'Yara's investment ensures the continuity of supply of high-quality, liquid fertiliser products to UK growers. 'The Yara Chedburgh site produces over 300 different liquid fertiliser grades across our NURAM, NUFOL and MULTI product ranges. 'The increased storage capacity has only improved our ability to better service our customer base, and this is supported by our local team of FACTS qualified crop nutrition farm account managers.'
Finextra
8 hours ago
- Business
- Finextra
HSBC invests in Token.io
HSBC has made a strategic investment in account-to-account open banking payments vendor The value of the investment was not disclosed. 1 HSBC has been a user of infrastructure for open banking payments since 2019. Manish Kohli, head of global payments solutions at HSBC, comments: 'Our investment in reflects the trust and confidence we have in their team and technology, and our firm belief in the role that innovative Open Banking solutions play in transforming the payments experience for both corporates and consumers.' He says the bank intends to broaden its adoption of infrastructure for Pay by Bank, offering options for peer-to-peer payments, account deposits and loan repayments. Todd Clyde, CEO of comments: 'We are excited to deepen our partnership with HSBC as we embark on this collaboration. This investment will not only accelerate growth and innovation, it will also advance our shared vision of making Pay by Bank a mainstream payment method — delivering benefits for HSBC's customers across the region.'
Economic Times
5 days ago
- Business
- Economic Times
Latvia here we come! Rich Indians' ticket to Europe
Live Events Mumbai: They don't belong to the club of the ultra-rich who pick a pricey passport of the Global North. They neither feature in the cast of serious characters snooping around for citizenship of a Caribbean or South Pacific nation, to escape the law enforcement authorities in India. They are IT professionals, exporters, physicians, and entrepreneurs - a reasonably affluent lot-looking for a free access and foothold in Europe without surrendering their Indian citizenships or shelling out big money on fancy migration of them are opting for Latvia, the Baltic country which has joined the game of golden visa in full earnest-positioning itself as the cheapest gateway to the continent. "As of 2024, Indian nationals may account for approximately 10% of all applications to Latvia 's 'Residence by Investment' programme. Following Latvia's 2022 exclusion of Russian and Belarusian applicants, there has been a noticeable shift in the nationalities of applicants and we have seen a rise in demand from Indian families," said Rohit Bhardwaj, country head, India at Henley & Partners which offers investment migration Indians, keen on a plan-B with their children settling abroad, have changed residency with the intention of eventually becoming a citizen of countries like Portugal, Greece, Cyprus, and UAE that levies no personal income tax. The trend deepened with the pandemic, driving many to move wealth and buy jumbo life insurance plans in overseas jurisdictions.(Join our ETNRI WhatsApp channel for all the latest updates)"I would attribute the increased interest in Latvia to two factors: first, the low cash outflow at entry-only ₹60,000 plus fees compared to ₹500,000 for most other European countries; second, faster processing time. Programmes like the Portugal Golden Visa, though superior, have done themselves no favour by changes in rules and long bureaucratic delays," said Vikas Tandon, who had successfully applied for Portuguese golden visa in 2020, and founded the company Golden Homes Portugal, using his expertise to advise investment going into private companies identified by Latvian authorities is a sunk cost, with no voting rights and only half of which can be recovered if the visa is relinquished. Instead, some buy homes which would cost ₹250,000. "Latvia supports both routes, with clear legal frameworks and minimal bureaucratic hurdles. While investing in foreign companies involves additional disclosures and compliance with regulations like reporting of ODI, the strategic benefits outweigh the procedural formalities," said Moin Ladha, partner at Khaitan & Co. Under India's forex laws, Indian nationals can invest abroad, including capital and current account to Armand Arton, CEO of Arton Capital, a citizenship investment advisory, the majority of its clients interested in accessing the Latvia programme are Indian citizens. "We've observed a 30% year-on-year increase in Indian inquiries since 2023. Many are entrepreneurs and SME owners who desire EU access without high costs associated with Germany or the Netherlands. With several EU nations increasing minimum investment thresholds, or closing programmes, Latvia offers the freedom to live, travel, and work at an attractive price point," said Arton. A few plan to settle at Riga after retirement, said Anurag Manakikar, associate director at Henley, who advised a senior corporate the programme has been there for long, there has been greater awareness as people looked around for options, said Manakikar. What also stoked interest was the high rejection in Schengen visa applications and absence of minimum stay requirement in Latvia."However, to derive real benefit, a person has to reside or settle in Latvia or any other preferred country. If someone continues to reside in India, he would remain a resident here under the Income Tax Act and FEMA. So, benefits would be confined to non-requirement of visa in Europe," said Rajesh Shah, partner at the CA firm Jayantilal Thakkar & Company.A property investment in Dubai for a UAE Golden visa could work better if tax is the sole consideration for anyone planning to become an NRI. Unlike Portugal's Golden Visa, which requires a minimum stay of only 15 days every 2 years to become eligible for an EU passport (after only 5 years since date of application), a Latvian passport requires becoming a physical resident for almost a decade. Nonetheless, for many, Latvia's low cost is the pull factor.
Business of Fashion
23-05-2025
- Business
- Business of Fashion
Boris Bidjan Saberi Is Shutting Down Operations
Boris Bidjan Saberi, the brand known for its sophisticated menswear silhouettes informed by subcultural codes and artisanal production, is ceasing operations. The company confirmed in a statement to The Business of Fashion that it will close by the end of July. News of the label's shuttering was first revealed in a letter sent out to retail partners that was shared by blogs such as StyleZeitgeist on Thursday. In the letter, the brand said current manufacturing hurdles made it 'unviable' for the German-Persian designer to continue producing his two namesake labels, Boris Bidjan Saberi and 11 by Boris Bidjan Saberi. 'The reality is clear: under current conditions and without reallocating production, it is impossible for us to maintain operations with the standards of quality, integrity, and consistency that has always been the foundation of our project,' the brand shared in its statement to retail partners. Launched in 2007, Saberi's label blossomed during a 2010s menswear boom that saw the rise of chic yet dark labels embracing unconventional silhouettes propelled by designers such as Saberi and Rick Owens, as well as brands such as the Viridi-anne and Julius. During the label's nearly 20-year run, it anticipated the rise of contemporary menswear trends such as 'gorpcore' by becoming one of the first fashion labels to collaborate with the outdoor brand Salomon on sneakers in 2016. At end of the letter to retail partners, the brand shared that the closure did not signal the end of the designer's career but a transformation. 'Boris's vision, aesthetic, and spirit will continue, in other forms, in other formats, and under new structures that allow for greater exploration without compromising the essence of the brand.' Learn more: How Matches' Collapse Could Impact Independent Fashion The luxury retailer's closure has far-reaching knock-on effects for independent brands. Unpaid bills for inventory have pushed some labels into dire financial straits, while confidence in other stockists like Farfetch-backed Browns has sunk to a nadir.
Hindustan Times
22-05-2025
- Health
- Hindustan Times
Fitness coach shares 'ultimate desi low GI food list for fat loss and diabetes': Check out his Indian meal plan
A low-glycemic index (low-GI) diet is an eating plan based on how foods affect your blood sugar level, also called blood glucose level. Low-GI foods are digested and absorbed slowly, causing a gradual increase in blood sugar levels. Low-GI foods can also help with weight loss and maintenance as they can keep you feeling fuller for longer. Also read | Study finds low glycemic index diet helps heart patients lose weight On May 13, fitness coach Alwyn took to his Instagram page, Fitness by Alwyn, to share a list of low-GI Indian foods in a post titled 'Ultimate desi low GI food list for fat loss and diabetes'. A low-GI diet includes foods less likely to raise blood sugar levels. According to Alwyn, choose these grains and cereals 'instead of white rice, maida, etc.': • Brown rice • Steel-cut oats • Barley (Jau) • Whole wheat roti (without oil) • Bajra roti • Jowar roti • Quinoa (though not Indian, now common) He added that these legumes and pulses have low GI: • Chana (black chickpeas) • Rajma (kidney beans) • Masoor dal • Moong dal • Toor dal • Lobia (black-eyed peas) As for vegetables (non-starchy, high fibre), Alwyn suggested: • Lauki (bottle gourd) • Tinda (apple gourd) • Bhindi (okra) • Karela (bitter gourd) • Palak, methi, and other leafy greens • Cauliflower, cabbage, broccoli, carrots (in moderation) Alwyn shared that these fruits, when eaten in moderation, were low GI: • Apple • Pear • Guava • Papaya • Jamun • Berries (if available) A post shared by Fitnessbyalwyn (@fitnessbyalwyn) According to him, other low GI options were sprouts (moong, chana), nuts (almonds, walnuts — in moderation) and dahi (curd — unsweetened). Alwyn also shared a sample Indian low-GI fat-loss meal plan. Check it out: • Soaked almonds + 1 glass warm lemon water • Green tea or black coffee (no sugar) • 2 moong chilla (no oil) with mint chutney • 1 boiled egg or tofu scramble • 1 jowar/bajra roti • Lauki sabzi • Moong dal • Cucumber salad • 1 small bowl sprouts chaat (onion, tomato, lemon, masala) • Green tea • 1 bowl rajma or chana curry • Steamed broccoli + sauteed palak • Small bowl curd Note to readers: This article is for informational purposes only and not a substitute for professional medical advice. Always seek the advice of your doctor with any questions about a medical condition.
