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Time of India
4 days ago
- Business
- Time of India
India opens accounting, auditing services under trade pact with UK: GTRI
India has opened key segments of its services sector to British firms, granting access in areas, such as accounting, auditing, financial services, telecom and auxiliary air transport, think tank GTRI said on Thursday. However, all key areas of India's interest like IT, business services such as management consultancy, advisory, professional including accountancy, engineering, telecom, financial, education and health are covered in the pact. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Design Thinking Project Management Management Data Science Leadership Product Management Artificial Intelligence Digital Marketing Public Policy Others PGDM Data Analytics Technology CXO Finance MCA others Degree Data Science Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details It said the UK companies can now offer telecom, construction, and related services in India without needing to establish a local presence, and they are entitled to national treatment, meaning they will be treated on par with Indian firms. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo India also agreed to recognise UK professional qualifications in select fields like law and accounting (though legal services remain closed), the Global Trade Research Initiative (GTRI) said. While India has made commitments on market access across 108 sub sectors in services, the UK has made commitments across 137 sub sectors, practically covering more than 99 per cent of India's exports, a commerce ministry official said. Live Events The agreement, the GTRI said, ensures no caps on the number of UK service providers, and offers commercial presence rights (Mode 3) across multiple domains. However, India retained key regulatory carve-outs, especially in legal services, taxation, and national security, and still lacks full mutual recognition frameworks in most regulated professions. "In contrast, the UK's services offer to India is more cautious and limited in scope," GTRI Founder Ajay Srivatava said, adding that while it grants commercial presence rights in sectors like computer services, consultancy, and environmental services, its commitments on professional mobility are modest. The UK has offered an annual quota of 1,800 visas for niche roles like yoga instructors and classical musicians, but it has not made binding commitments on broader visa categories, including business visitors or IT professionals. "The UK's refusal to restore post-study work visas is a disappointment for Indian students, and the FTA does not override the UK's points-based immigration system -- meaning Indian professionals must still meet regular education, salary, and job offer thresholds," Srivastava said. A key positive is the Double Contribution Agreement, which allows over 75,000 Indian workers on short UK assignments to continue paying into India's social security system without dual contributions. "However, this is a temporary fix, and a comprehensive totalisation agreement remains pending. Overall, the UK's services package shows reluctance to ease mobility for Indian professionals -- one of India's core demands," he added.
Time of India
5 days ago
- Business
- Time of India
Govt to notify new vegetable oil regulation order next week: Food secretary
The government will notify a new order next week to regulate vegetable oil products in India with modern, transparent and technologically advanced provisions, Food Secretary Sanjeev Chopra said on Thursday. The 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order will replace the existing 2011 order and emphasise enhanced monitoring of edible oil imports, production, stocks and sales through digital tools. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Degree Data Analytics Public Policy Leadership Project Management CXO Management Others Design Thinking Data Science Technology Digital Marketing Data Science MCA Healthcare Artificial Intelligence Finance others PGDM Operations Management Product Management MBA healthcare Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details "The associations have been consulted. It's in the final stages now, probably by next week it will be notified," Chopra told reporters on the sidelines of the fourth edition of Indian Vegetable Oil Producers' Association (IVPA) Global Roundtable. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Car Finance Between 2007–2020? You May Be Entitled to a Refund. Check Now. My Car Loan Claims Learn More Undo The new regulation makes it mandatory for the industry to report production, sales and pricing figures. "Right now we are groping in the dark because we are dependent on the association for the data," he said. Addressing the event, the secretary said the VOPPA framework will track production, pricing and availability in real-time, providing critical data to industry stakeholders while improving compliance, market monitoring, and product integrity. Live Events On import duty cuts in crude edible oils, Chopra said the government has implemented calibrated customs duty reductions to cushion the impact of global fluctuations and ensure affordability. The government is monitoring market dynamics, conducting nationwide inspections and working with industry associations to ensure duty cuts are "swiftly passed on" to customers for fair price discovery across the supply chain. While overall food inflation remains at its lowest since 2021, edible oil has seen 20-30 per cent annual inflation except groundnut oil, which remains a concern for the government. Mustard oil prices remain firm, though government agencies like Nafed have a stock of 7 lakh tonnes of mustard seed, which should help ease pressure on rates. Stressing on achieving self-sufficiency in domestic oilseeds and edible oil production, Chopra acknowledged significant challenges ahead. The average yield of major oilseeds such as soybean, sunflower and mustard in India is very low compared to global averages. "It requires substantial investment in research and development, infrastructure development and adoption of modern agricultural practices," he said. Newly developed Indian varieties demonstrate genetic potential on par with top-performing countries globally. Scaling up production through enhanced seed replacement rates and widespread distribution are crucial steps forward. The government has launched schemes such as Pradhan Mantri Dhan-Dhaanya Krishi Yojana and National Mission on Edible Oils-Oilseeds to increase yields and production. US Soybean Export Council Regional Director Kevin Roepke said no country can be self-sufficient in everything and suggested that the US has potential to increase soybean oil exports to India from current levels. The event was attended by Godrej Industries Group Chairman and Managing Director Nadir B Godrej, IVPA President Sudhakar Desai, and ITC Ltd Agri and IT Businesses Group Head S Sivakumar.
Time of India
6 days ago
- Business
- Time of India
Tata Consumer Products Q1 Results: Cons PAT rises 15% YoY to Rs 334 crore, revenue grows 10%
Tata Consumer Products on Wednesday reported a 15% year-on-year (YoY) growth in its Q1FY26 consolidated net profit at Rs 334 crore versus Rs 290 crore in the year-ago period. The company's revenue from operations stood at Rs 4,779 crore which was up 10% from Rs 4,352 crore reported in the corresponding quarter of the last financial year. Both the profit after tax (PAT) and revenue are below Street's estimates of Rs 355 crore and Rs 4,813 crore, respectively. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Digital Marketing Artificial Intelligence Operations Management Finance Management Degree others Technology Project Management MBA Others Product Management Healthcare Data Science Public Policy PGDM Design Thinking Data Science MCA Leadership CXO healthcare Data Analytics Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Beautiful Female Athletes Right Now The revenue was 3.7% higher on a sequential basis versus Rs 4,608 crore in Q4FY25 while the PAT, which is attributable to the owners of the company, was flat on the quarter-on-quarter basis. Consolidated Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) declined by 8% due to higher tea costs in India and coffee price corrections in the non-branded segment. Meanwhile the EBITDA margin was 12.9%, down 250 bps. India branded business reported a 6.8% Underlying Volume Growth (UVG) while the core India business saw double-digit growth in both tea and salt. 'Growth' businesses grew 7% on an aggregate basis. Live Events International business continued its momentum with a 5% constant-currency revenue growth, driven by strong coffee performance in the USA. Tata Consumer said that the company continued to strengthen omnichannel capabilities, including food services (HoReCa) and pharmacy, with channels of the future, demonstrating robust growth. Coffee prices are on a downward trajectory, though ongoing volatility warrants close monitoring. Tea prices remain favorable, however, the outlook remains cautiously optimistic, the company statement to the exchanges said.
Time of India
7 days ago
- Business
- Time of India
RBI's financial inclusion index shows growth across all segments, rises 4.3 pc in FY25
The Reserve Bank's FI-Index, which captures extent of financial inclusion in the country, rose 4.3 per cent during the year ending March 2025, the central bank said on Tuesday. The RBI had constructed the composite Financial Inclusion Index (FI-Index) in consultation with the concerned stakeholders, including the government. The annual index was first published in August 2021 for the fiscal ending March 2021. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity MCA Design Thinking Healthcare MBA Data Science healthcare Digital Marketing Operations Management Artificial Intelligence Data Analytics Degree Finance Management Public Policy Technology Leadership Project Management Data Science Others PGDM Product Management others CXO Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details "Index for the year ending March 2025 has since been compiled. The value of FI-Index for March 2025 stands at 67 vis-a-vis 64.2 in March 2024, with growth witnessed across all sub-indices, viz, access, usage and quality," RBI said in a release. Improvement in FI-Index in FY 2025 is contributed by usage and quality dimensions, reflecting deepening of financial inclusion, and sustained financial literacy initiatives. The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal, as well as the pension sector in consultation with government and respective sectoral regulators. Live Events It captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. The index comprises three broad parameters -- Access (35 per cent), Usage (45 per cent), and Quality (20 per cent), with each of these consisting of various dimensions, which are computed based on a number of indicators.
Time of India
21-07-2025
- Entertainment
- Time of India
At first concert after kiss cam drama, Chris Martin playfully warns audience about cameras at Coldplay event, details inside
Coldplay singer-songwriter and musician Chris Martin offered a light-hearted caution to all the fans during the band's first concert following the viral video of ' kiss cam ' drama from the previous concert earlier in the week, according to PEOPLE. In the first concert after the 'kiss cam' incident, Martin gave the on-camera portion of the performance an introduction. "We'd like to say hello to some of you in the crowd," Martin said, as his audience erupted in cheers, per a fan-recorded clip. "How we're going to do that is we're going to use our cameras and put some of you on the big screen," PEOPLE reported. Explore courses from Top Institutes in Select a Course Category Cybersecurity Leadership MBA Product Management Data Analytics Others Technology Degree Operations Management Management Finance Data Science Project Management PGDM Data Science Healthcare Design Thinking Public Policy others Digital Marketing Artificial Intelligence MCA healthcare CXO Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details The musician was seen giving a cheeky warning to fans: "So please, if you haven't done your makeup, do your makeup now." The development comes days after the video, filmed during Coldplay's performance at Gillette Stadium in Foxborough, Massachusetts, on July 16, 2025, showed Astronomer CEO Andy Byron and the company's chief people officer, Kristin Cabot, on the event's 'kiss cam.' As Cabot put his arms around Cabot, both appeared to quickly hide their faces after realizing they were being shown on the big screen. Cabot was seen quickly covering her face, while Byron ducked out of sight soon after realizing they were on camera. Coldplay frontman Chris Martin noticed the couple's odd reaction on the arena's jumbotron. As they ducked away, Martin joked, "Either they're having an affair, or they're just very shy." ALSO READ: Who is Pete DeJoy? Astronomer's new interim CEO after Andy Byron resigned over the Coldplay kiss cam viral clip Live Events Andy Byron resigns as CEO after controversy Byron has stepped down from his role as Chief Executive Officer (CEO) of data technology firm Astronomer after the viral 'kiss cam' video went viral and ignited a storm on social media. Following the clip going viral and garnering tens of millions of views, the Astronomer's Board of Directors initiated a formal internal review. A statement issued by the tech company confirmed Byron's resignation. "As stated previously, Astronomer is committed to the values and culture that have guided us since our founding," the statement read, as quoted by Variety. "Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met. Andy Byron has tendered his resignation, and the Board of Directors has accepted. The Board will begin a search for our next Chief Executive as Cofounder and Chief Product Officer Pete DeJoy continues to serve as interim CEO," as per the statement released by Astronomer. "Before this week, we were known as a pioneer in the DataOps space, helping data teams power everything from modern analytics to production AI. While awareness of our company may have changed overnight, our product and our work for our customers have not. We're continuing to do what we do best: helping our customers with their toughest data & AI problems," the statement further read as quoted by the outlet. Coldplay is next set to perform at Nashville's Nissan Stadium on Tuesday, July 22. Later performances will bring the band to Miami, London, and beyond through early Septem.
